Not a week seems to go by without the unions disputing the latest cost saving measures by sponsoring employers. The BBC, AstraZeneca and Ford have all been on the receiving end of union venom in the past two weeks alone.
It is sad but true that companies need to take cost-saving measures to begin to address mountainous deficits and prevent schemes falling into the Pension Protection Fund - but acting in the best interests...
Partner Insight: Members' evolving needs and expectations are driving changes in scheme administration. As the pensions landscape inevitably continues to change, how will your scheme's approach need to develop to keep pace?
The Pensions Regulator (TPR) is "working closely" with government contractor Interserve and the trustees of its defined benefit (DB) pension schemes, it has confirmed.
The industry has welcomed the Department for Work and Pensions' (DWP) consultation on defined benefit (DB) consolidation as a way to address scheme covenant issues.
BMO Global Asset Management has opened a UK fiduciary management business, promising a "truly open architecture" approach to deliver "better client outcomes".