Heathrow has unleashed a number of changes to its final salary scheme to reduce ongoing costs and deliver more affordable benefits to employees.
The changes, which apply to active members of the BAA scheme, include capping future increases to pensionable pay at 2%, and changing the accrual rate from 1/54th to 1/60th of pensionable pay. The airport...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
Jonathan Stapleton speaks to Punter Southall Governance Services director of outsourced pension services Clare Owen about the firm's latest reseach into the effectiveness of trustee boards.