AA has launched a consultation with its final salary scheme members to revalue benefits in a career average section.
The proposal is aimed to reduce expected future costs of the firm's UK scheme while maintaining a defined benefit (DB) scheme which remains open to future accrual. If approved, around 2,000 final salary...
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.