Final salary members of the AA UK defined benefit (DB) scheme are to move to a career average segment in a bid to stem the deficit.
Around 2,000 final salary members will enter the career average revalued earnings (CARE) section, which will also swap indices from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI). Affected...
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.