British Airways (BA) will not have to pay a £12m discretionary benefit its trustees had unilaterally granted, the Court of Appeal has ruled.
In its judgment issued today (5 July), the court accepted the airline's arguments that trustees of the Airways Pension Scheme (APS) had acted for an improper purpose when granting the 0.2% discretionary...
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).