BT is not permitted to change the rate by which it uprates the benefits of members of one of the strands of its pension scheme from the retail price index (RPI) to the generally lower consumer price index (CPI), the High Court has ruled.
ANALYSIS: Defined benefit (DB) pension schemes in the UK now have a number of options for VAT recovery available to them following the publication of long-awaited guidance by HM Revenue and Customs (HMRC).
Pension schemes will be expecting the companies in which they invest to explain the link between firm culture and executive pay, trade body the Pensions and Lifetime Savings Association (PLSA) has warned.
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