News

BT will appeal last month's High Court ruling which barred it from swapping the inflation indexation used for one section of the BT Pension Scheme (BTPS).

Granada and Thorn sold their respective TV rental businesses for too high a price, meaning the eventual Box Clever venture was too highly leveraged, the Upper Tribunal has been told.

Smart Pensions has appointed Anna Eagles as an independent trustee to support its governance as it expands.

The aggregate total private pension wealth of all households in the UK in July 2014 to June 2016 increased to £5.3trn, according to the Office for National statistics (ONS).

This week's top stories were Capita's shares falling by over 40%, and Royal Mail reaching agreement with its union to launch the UK's first collective defined contribution scheme.

Granada and Thorn were mainly focused on the "share of the cake" and "taking out as much cash as possible" when negotiating the launch of the 50:50 joint venture of Box Clever, the Upper Tribunal has been told.

Asset managers including JPMorgan Asset Management (JPMAM), BlackRock and Standard Life have backed an initiative set up by the 30% Club to push for a third of FTSE companies to have women on their boards.

The Pensions Regulator (TPR) has begun carrying out spot checks across the East Midlands to make sure employers are complying with their pension duties.

Royal Mail and the Communication Workers Union (CWU) have agreed in principal to work towards introducing a collective defined contribution (CDC) scheme for all employees.

Melrose Industries has claimed its board has the expertise to manage GKN's substantial pension liabilities in a formal offer letter to the firm's shareholders.