Schemes have been urged to check amendments to scheme rules carefully after the High Court ruled against an employer in a case that could increase its pension liabilities by £17m.
In the case, which was heard in July, Mrs Justice Asplin sided with trustees of the FDR Ltd pension scheme over the interpretation of changes to the way benefits were uprated. The trustees had argued...
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.