BT has lost its attempt to convince the Court of Appeal that it should be able to move away from the retail prices index (RPI) for indexation of benefits for one of the sections of its pension scheme.

The Supreme Court however declined to consider the members' cross-appeal on this point.

The High Court has handed down an important judgment on equalisation of guaranteed minimum pensions (GMPs) in Lloyds Banking Group Pensions Trustees Limited v Lloyds Bank plc and others (Lloyds).

The High Court has today overturned a Determination of the Pensions Ombudsman (PO-6773) in the case of Catherine Butterworth and Police and Crime Commissioner for Greater Manchester...