Transaction secures the benefits for 135 pensioners and 61 deferred members
The Office for National Statistics' decision to downgrade the status of the retail prices index and publish two additional inflation measures could lead to the index being dropped, warn consultants.
Private school teachers should be barred from the unfunded £250bn Teachers' Pension Scheme to significantly reduce pension risk associated with the fund, a consultant says.
A large part of the industry has slammed the government's announcement preventing private sector schemes the power to override scheme rules enabling a shift from RPI to CPI indexation.
The shift to CPI indexation could cut scheme liabilities by 3% but may not result in a one-off profit windfall for firms, an accounting task force has proposed.
Employers should undertake enhanced transfer value exercises now before they come under greater scrutiny from The Pensions Regulator, an actuary warns.