The Court of Appeal has sided with IBM Holdings in a battle over the closure of its defined benefit (DB) schemes and a cap on increases in pensionable pay.
The court has this morning dismissed the High Court's 2015 ruling that the computing giant had not acted in good faith when implementing a series of changes to its DB schemes. The judgment specifically...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.