BT has lost its court battle to change its pension scheme indexation from the Retail Price Index to the Consumer Price Index rate of inflation.
The case was taken to the High Court in December and, today, it was ruled that BT cannot swap the index used to increase pensions for Section C members of the BT Pension scheme, who would have been affected by any changes
Work and Pensions Committee chair Frank Field has sought assurances from The Pensions Regulator and the Carillion pensions trustee chair, amid £2.6bn deficit fears
Work and Pensions Committee chair Frank Field is urging The Pensions Regulator to provide an update on its assessment of the Barclays Bank UK Retirement Fund’s (UKRF) restructuring proposal, amid growing concerns among scheme members
The Department for Work and Pensions has laid out its single departmental plan for the next four years, with the aim of helping people increase savings and financial security in later life
The Pension Protection Fund has updated its standard form contingent asset agreements along with revised guidance