Lawyers acting on behalf of Halcrow Pensioners' Association (HPA) are disputing a proposed regulated apportionment arrangement (RAA) for the engineering company's defined benefit (DB) scheme.
Irwin Mitchell, which is aiding HPA, said it has submitted a case to the Upper Tribunal of the Pensions Regulator (TPR). The association, which has correspondence with around 528 members of the Halcrow...
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.