The High Court has dismissed an appeal brought against the BBC after it limited the amount of pensionable pay on salary increases to 1% per year in a bid to plugs its scheme deficit.
Scheme member and employee of the BBC Philharmonic Orchestra John Bradbury originally took his complaint to the Pensions Ombudsman (PO). He argued that basic salary had its own meaning and it was not...
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.
HM Treasury has agreed in principle to give NEST a £329m contingent liability guarantee in the event of the master trust's wind up or closure.
AMP Capital has set up a dedicated team to help institutional investors, including pension funds, invest in infrastructure through direct equity allocations.