Final salary members of the AA UK defined benefit (DB) scheme are to move to a career average segment in a bid to stem the deficit.
AA has launched a consultation with its final salary scheme members to revalue benefits in a career average section.
The GMB union has called on The Pensions Regulator (TPR) to investigate AA which has seen its pension deficit more than double in just seven months.
How do valuation method affect funding levels?
More people than ever could face a 55% tax charge through breaching the lifetime allowance. Fiona Murphy asks about the issues and action to take
Charlotte Richards asks bond managers about the possible impact of the UK losing its prized AAA rating.
The Pension Protection Fund must provide more information on how it assesses contingent assets such as guarantees when making levy calculations, says the Association of Consulting Actuaries.
S&P Capital IQ has launched a new fund grading system and methodology to meet the changing needs of investors.