BT loses court battle to change to CPI indexation

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

Field probes Carllion pension trustees and TPR; reported deficit around £2.6bn

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

Field presses TPR for update on Barclays pension scheme

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

DWP lays out plans for next four years

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

Other News Stories...

News in brief 19 January

The latest news in brief and mandates from the past week

PPF placed Carillion on watch list last Autumn

The Pension Protection Fund placed Carillion on its watch list last autumn when it was made aware of the construction firm’s financial plight

Trustee support from providers ‘more important’ than formal qualification

Support and education for pension trustees from providers is currently “more important” than the creation of a formal trustee qualification, according to River and Mercantile

PPF updates standard form contingent asset agreements

The Pension Protection Fund has updated its standard form contingent asset agreements along with revised guidance

Investment matters
Laura Blows talks to NEST CIO Mark Fawcett about managing market conditions and compiling the best fund choices for DC members

Latest Features

Going biometric?

Raji Menon considers how biometrics may play a crucial role within pensions

The optimist

Just a few months into the job, Julian Mund is getting stuck into a new daily routine serving as the PLSA’s chief executive. Natalie Tuck speaks to him about the future of the association and his thoughts on some big industry topics

The forgotten masses

Laura Blows reveals why a greater focus will increasingly be placed upon deferred members

Lessons learnt

Louise Farrand looks into the challenges created by the increasing numbers of school academies’ staff joining the LGPS

Staying on track

Nicola Thorpe reveals how to future proof your liability-driven investment strategy

Alternatives: Picking the diamonds from the 27 rhinestones

Percival Stanion argues that true ‘alternative’ investments are hard to find, but diversification is still possible

Getting the gig

David Adams questions what more can be done to encourage self-employed ‘gig workers’ to save into a pension

Educate against attack

Nick Martindale explores how schemes can improve their cyber security

Difficult to care

David Adams explores the challenges of funding long-term care and how the pensions industry may help provide solutions to this problem

The right direction

Lynn Strongin Dodds looks at how political risk can affect pension funds and the strategies that should be put in place to combat this

Advising change

In the changing retirement landscape, Talya Misiri discusses IFAs’ experience

of pension regulations, new technologies and alternative retirement income sources

Stronger together

With the government pushing for the pooling of local government pension scheme investments, Natalie Tuck speaks to the Local Pensions Partnership about why it came into being, and how other funds can get involved

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Investment matters
Laura Blows talks to NEST CIO Mark Fawcett about managing market conditions and compiling the best fund choices for DC members

Conditional data – the bedrock of good scheme governance
Duncan Watson, managing director of products and services, EQ Paymaster at Equiniti, talks to Francesca Fabrizi about the importance of conditional data to good scheme governance and how to get there
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