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 Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.