News

British Airways (BA) will not have to pay a £12m discretionary benefit its trustees had unilaterally granted, the Court of Appeal has ruled.

The Pensions and Lifetime Savings Association (PLSA) has proposed a number of reforms to boost pensions adequacy, including retirement income targets to show the lifestyle people could afford on different levels of income.

The trustees of the Siemens defined Benefit (DB) scheme have completed a buy-in with Pension Insurance Corporation (PIC), covering around 6000 members.

Funds that match and link credit with liability-driven investing (LDI) have been launched by BMO Global Asset Management in a bid to simplify the process of de-risking defined benefit (DB) schemes.

The Financial Reporting Council (FRC) has named Mike Suffield as acting executive director of audit and actuarial regulation.

Aegon has concluded the final steps of its takeover of BlackRock's defined contribution (DC) platform and administration businesses over two years after announcing the plans.

The Department for Work and Pensions (DWP) has launched a consultation to clarify how the Pension Protection Fund (PPF) should treat transferred-in defined benefit (DB) entitlements when calculating compensation.

UK employees think they need an extra £361 each month on average to save more, JLT Employee Benefits research has found.

The government should allow the industry to develop multiple commercial pensions dashboards, according to the Association of British Insurers (ABI).

The Treasury Committee has written to the Financial Conduct Authority (FCA) to ask for publication of analysis on the impact leaving the European Union is likely to have on the regulator.