The Airways Pension Scheme (APS) trustees were "entirely reasonable" when including £55m annual recovery payments and a £250m contingent payment in their discretionary increase framework, their lawyer has said.
Concluding APS' closing statement on 8 December in the High Court, Keith Rowley QC said the trustees could take the money into account according to their actuarial advice. The comment was made on 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.