British Airways (BA) will launch a consultation with members of its New Airways Pension Scheme (NAPS) on plans to close the scheme to future accrual.
The NAPS, which closed to new members in 2003 and has around 17,000 active members, has an actuarial deficit of around £3.7bn as of March this year, on the company's estimates. The company said the...
The roll-out of the government's Help to Save scheme could lead to a rise in automatic enrolment (AE) opt-out rates and have a much bigger impact than the Lifetime ISA (LISA), Aegon has warned.
Investment manager State Street Global Advisors (SSGA) has taken a minority stake in online pension consolidation business PensionBee
Defined benefit (DB) schemes have hit their best funding position since April 2014, according to the Pension Protection Fund (PPF).
Inflation rose to 3.1% in November, according to the Office for National Statistics (ONS), beating previous estimates that it would hold steady at 3%.