News

A man who was dismissed by his employer to save it from paying up to £1m in enhanced pension benefits has lost his age discrimination case at the High Court.

An e-petition calling for the restoration of age-related tax allowances has been signed by more than 25,000 people since it was launched last Thursday.

British Airways pensioners have triggered a second members' meeting after confirmation the scheme would again pay CPI increases this year.

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Small to micro employers will be given a "significant easement" of £1.7bn in the roll-out of auto-enrolment, under government plans to delay both staging and contribution rates.

Pensions minister Steve Webb has reaffirmed his intention to scope out the middle-ground between defined contribution and defined benefit provision.

Trustees of the £570 Britannia Airways Ltd Superannuation and Life Assurance Scheme have appointed LCP to act as its actuarial adviser.

BT's has agreed to make a £2bn pension scheme contribution this month to help plug its £4.1bn deficit.

The Economic and Monetary Affairs Committee of the European Parliament has voted in favour of the Omnibus II directive - providing insurers with extra time to comply with Solvency II.

Inflation-linked bonds rallied yesterday after the government announced it would cancel £9bn of linkers owned by the Royal Mail Pension Plan following the scheme's nationalisation.