ShareAction has called on the UK government to ensure protections within IORPs II are adopted despite the results of the EU referendum.
The former chairman of the Airways Pension Scheme (APS) has told the High Court trustees of British Airways' (BA) other pension scheme must accept their decision to award a 0.2% increase.
Here it is… A full list of all the benefits PP thinks will be exempted, protected and affected by the salary sacrifice restrictions announced by chancellor Philip Hammond yesterday.
Richard Harrington has said he has no objection to giving trustees the right to change indexation in rare cases, as long as members are protected against higher living costs.
The chancellor has confirmed the government will keep the state pension triple lock but warned it could be cut in future due to rising longevity.
Cuts to the Money Purchase Annual Allowance; a £1bn raid on salary sacrifice schemes; a pledge to keep the pensions triple-lock; and increases in the Insurance Premium Tax… Professional Pensions takes a look at the key Autumn Statement announcements....
The government has reaffirmed its commitment to crack down on pensions cold calling and give firms more powers to block suspicious transfers.
The government has announced a consultation into reducing the money purchase annual allowance (MPAA).
Chancellor Philip Hammond has restricted the tax-free benefits offered by salary sacrifice schemes - a move that is set to save the government more than £1bn by 2022.
A £250m contingent payment, due to be paid in 2019, was created for Airways Pension Scheme (APS) trustees to use however they wanted, according to its former chairman.