Trustees of the Airways Pension Scheme (APS) could have awarded a discretionary increase without amending the scheme rules, their lawyer has told the High Court.
Presenting their closing statement on 7 December, Keith Rowley QC said trustees could have invoked clause 18 - which allowed amendments to the scheme rules "in any way" - to award an increase without the...
Defined benefit (DB) schemes are not taking advantage of "exceptional" pricing for bulk annuities, with most schemes insured in H1 being repeat buyers, Aon Hewitt has said.
Hymans Robertson has appointed Tom Dunster to lead its equity research team in a newly-created position.
UK households have not stopped saving to go on a debt-fuelled consumer spending spree, according to research from Royal London, despite official figures revealing the savings ratio is at a record-low.
The government has announced it will press ahead with "tough" measures to protect pension savers as figures reveal almost £5m was lost to scammers between January and May this year.