Government proposals to reduce inflation protection for the British Steel Pension Scheme (BSPS) could reduce its liabilities by an extra £1.5bn than experts have anticipated.
The widely reported plan to switch the scheme from the retail price index (RPI) to the lower consumer price index (CPI) to calculate pension increases was expected to cut its £14bn liabilities by around...
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.