News

The government has announced it will press ahead with "tough" measures to protect pension savers as figures reveal almost £5m was lost to scammers between January and May this year.

This week's top stories were potential strike action at Capita over closing its DB scheme, and Unite members narrowly rejecting Royal Mail plans to create cash balance scheme.

A planned amendment to IAS 19 under consideration by the International Accounting Standard Board (IASB) could have big consequences for scheme funding arrangements.

Royal Mail Pension Plan (RMPP) chief executive Chris Hogg will leave the £9.8bn defined benefit (DB) scheme and join National Grid, PP has learned.

The Pensions Regulator (TPR) and ITV will resume a battle in the courts in January in the first instance of an anti-avoidance case being heard in full by the Upper Tribunal.

A former independent financial adviser (IFA) has been jailed for six years after embezzling more than £1m of pension scheme funds to fund his "lavish lifestyle".

Royal London saw its group pensions new business grow to £2.5bn in the first half, compared to £1.9bn in H1 last year, according to its interim financial reports.

The Communication Workers Union (CWU) has told Royal Mail it must make significant progress in resolving its pensions dispute by 6 September to avoid industrial action.

Industry says as professionals, punishment should be given due to their level of expertise.

Norwich-based family business Jarrold & Sons has entered into a £19m buy-in with Aviva, insuring benefits for over 500 members.