De La Rue's defined benefit (DB) pension scheme gained £80.5m after swapping the index used to revalue benefits, but lost £0.5m to rectify discrepancies identified in the scheme's rules.
In an announcement on the London Stock Exchange today (30 May), the manufacturing and printing company revealed the improvement arose from the trustees' decision in November 2017 to change the indexation...
Jonathan Stapleton talks to Alan Pickering about why BESTrustees has converted into an employee ownership trust.
Trustees don't usually think about financial sanctions. But Edward Brown says they should be aware of the issue and take steps to minimise risks.
The industry-wide GMP equalisation group has created five sub-committees to each work on a key component of the guidance. Holly Roach reports
BESTrustees has converted into an employee ownership trust (EOT) in a bid to broaden the ownership of the business.