News

UK - BT will reduce its scheme liabilities by £2.9bn ($4.7bn) after the government's decision to use Consumer Prices Index to measure inflation, an actuarial review shows.

BT will reduce its scheme liabilities by £2.9bn after the government's decision to use Consumer Prices Index to measure inflation, an actuarial review shows.

Mercer has appointed Mandy Turner as a senior consultant in an expansion of its Bristol-based investment consulting business.

SPAIN - A Spanish pension bill will go to parliament for approval next year, later than expected, and the government is "open" to modifying its proposal that includes raising the retirement age, Labor Minister Valeriano Gomez said.

Rules on employer-related investment and collective investment schemes do not warrant a switch from trust-based to contract arrangements, Bluefin says.

Des Hamilton has lost his employment tribunal challenge against former employer The Pensions Advisory Service.

As many as one in six employers could fail the auto-enrolment self-certification regime due to pensionable pay issues alone, lawyers warn.

Labour pensions spokeswoman Rachel Reeves has warned the auto-enrolment review threatens to ‘unravel the consensus' over pension reform.

Premier Foods has outsourced the administration of the 45,000 member RHM Pension Scheme to Aon Hewitt.

The Pensions Management Institute is set to revamp its range of qualifications and introduce two new administration exams.