Regulator says industry has ‘critical role’ to play in warning and protecting savers
Transaction with Zurich and MetLife is second step in scheme’s phased longevity hedging programme
Max Ballad says trustees should consider restrictions on scheme amendment powers
BBC High Court ruling, BTPS longevity swap and LCP accounts posts record revenues
BBC will not be able to cut DB member benefits but can make other rule changes in the future
Lifetime allowance on pension saving scrapped in yesterday’s Budget
Broadcaster seeks a review its high-cost legacy pension arrangement as costs spiral
Concern grows over P&O Ferries’ share of the Merchant Navy Ratings Pension Fund deficit
The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.
Chancellor of the Exchequer Sajid Javid has resigned just under a month before he was expected to deliver the first Budget of this parliament, making him the shortest-serving Chancellor for more than 50 years.