HSBC is to cut pension payments to its highest executives from next year as part of plans to bring its policy in line with other top FTSE companies, according to reports.
Under the current arrangement the retail bank's chief executive, chairman and two executive directors can get 50% on top of their basic salary in cash instead of a pension, which is more generous than...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter