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...
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.