Trustees of the Airways Pension Scheme have been forced to put on hold a discretionary increase in payments after British Airways launched legal proceedings to block the move.
In a letter to members, APS Trustees chairman Paul Spencer said the scheme had decided to pay a 0.2% increase with effect from December this year. But it said British Airways had not accepted this decision...
Some of the UK's biggest pension schemes will be forced to report on climate risk in line with recommendations from the Taskforce for Climate-related Financial Disclosures (TCFD).
TPT Retirement Solutions has launched a pension scheme for the education sector which offers schools both defined contribution (DC) and defined benefit (DB) pension provision.
The People's Pension has revealed plans to overhaul its charging structure, cutting fees and returning profits to members with an aim to help people save more money for retirement.
Data consultancy ITM has appointed Akash Rooprai as head of client management to lead its de-risking business.