News

The Pensions Regulator (TPR) has disputed a report saying UK firms have paid a huge number of auto-enrolment fines unnecessarily.

PwC has appointed a new partner in its pension consulting business to lead the firm's focus on strategy and implementation advice to trustees of large defined benefit schemes.

Airways Pension Scheme (APS) trustees used the threat of discretionary increases to try to get British Airways (BA) to maintain a funding schedule and recovery plan based on the Retail Price Index (RPI), the High Court has heard.

Aviva has called on the government to increase minimum auto-enrolment (AE) contributions to 12.5% by 2028 to ensure people build adequate pensions, as part of ten recommendations.

‘Proportionate balance between benefits'

The UK's 5,945 defined benefit (DB) schemes had a £306bn surplus under realistic investment return assumptions by the end of October, according to First Actuarial.

Airways Pension Scheme (APS) members were sometimes hostile and intimidating towards trustees and advisers over pension increases, the scheme actuary has recalled during a landmark High Court case.

Legal & General has completed a £1.1bn pension buyout for the Vickers Group Pension Scheme which is part of the Rolls-Royce Group.

Capital adequacy for master trusts should be set at a minimum of £2m to ensure a robust and innovative market according to Now Pensions.

Aon Hewitt has been appointed fiduciary manager by the Sevcon Limited Pension Plan.