Stephen Richards says the 'paymasters' principle is likely to be scrutinised closely in light of British Airways' landmark win in the Court of Appeal.
British Airways' (BA) successful challenge to a discretionary pension increase granted by the trustees of the Airways Pension Scheme will come as a relief to BA, but it has created uncertainty on the scope...
'Not appropriate to comment'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
Sterling has fallen on the back of inflation figures released this morning, which show the UK Consumer Price Index (CPI) remained steady at 2.4% in June.
John Wotton says the competition watchdog's package of proposals will help trustees get the best deal and be satisfied they are acting in their members' best interests