The Pensions Ombudsman (PO) has dismissed a pensioner complaint against the GE Scheme after it stopped discretionary increases to inflation.
In 2010, the company and the trustee of the GE Pension Plan and the GE Supplementary Pensions Scheme put a halt on discretionary inflation rises for certain members on benefits accrued before April 1997....
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.
The lifetime allowance will rise to £1,054,800 from April next year as the Office for National Statistics (ONS) recorded inflation at 2.4% in the year to September.
The national procurement frameworks for the Local Government Pension Scheme (LGPS) has been expanded to include member data services.
The government is seeking ways to ensure "parity" of compensation treatment between Financial Assistance Scheme (FAS) members from solvent and insolvent schemes.