Pensioner members of the Prudential Staff Pension Scheme were defeated last week when the High Court ruled in favour of their former employer, the Prudential Assurance Society, saying it was neither "irrational or perverse" for it to have capped discretionary pension increases in 2005.
Members argued Prudential was not acting in good faith by springing the 2.5% cap upon them with no forewarning after decades of receiving discretionary increases in line with RPI. However, lawyers –...
The Environment Agency Pension Fund (EAPF) has joined a coalition of 88 investors to demand companies disclose more information on environmental impact.
The cross industry guaranteed minimum pension (GMP) equalisation working group has formed five sub-committees to each work on a key component of the guidance.
KAS Bank has launched an end-to-end cost transparency solution for defined contribution (DC) schemes to assist in the delivery of chair's statements.