Advice given to scheme members on enhanced transfer values should be fully independent and paid for by the employer, Prudential says.
The defined benefit section of the recently formed Cable & Wireless Worldwide Retirement Plan has £136m deficit, end of year results show.
UK/GLOBAL - The defined benefit section of the recently formed Cable & Wireless Worldwide Retirement Plan has £136m (US$195.8m) deficit, end of year results show.
The Pensions Trust has appointed Independent Transition Management to implement analysis software to identify any data errors and risks.
British Airways will present plans for a restructure of its defined benefit schemes to The Pensions Regulator next month after it concluded talks with trade unions over its £3.7bn deficit.
UK - British Airways will present plans for a restructure of its defined benefit schemes to The Pensions Regulator next month after it concluded talks with trade unions over its £3.7bn (US$5.3bn) deficit.
Sebastian Cheek asks whether The Pensions Regulator has the power to intervene in overseas cases
US/UK - The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.
The trustee of the Visteon UK Pension Plan and the Pension Protection Fund are withdrawing a US$550m (£350m) claim against Visteon Corporation.
Some 92% of pension scheme managers say improved management of data is "crucial" or "most important" in their task list this year, Clear Path Analysis says.