The £1.2bn Plumbing & Mechanical Services Industry Pension Scheme has outsourced its investment function as it aims to reach buyout-level funding.
Ongoing tariff negotiations and the Autumn Budget are among the risks trustees must navigate over the coming months, as well as ongoing discussions around surplus release.
The anticipated overhaul of DC pension schemes through the Pension Schemes Bill could see a majority of employers make changes to their provision, research indicates.
With connection deadlines coming and going and many organisations already linked up, independent consultant Richard Smith assesses the government’s progress on dashboards and looks at what is still left to do to make them a reality.
Government claims reforms will deliver ‘more money in people’s pockets’, but experts say success hinges on execution of value-for-money regime.
The recent signing of the Mansion House Accord by 17 major UK pension schemes has put pensions and investment returns firmly under the spotlight, writes People’s Partnership chief executive officer Patrick Heath-Lay.
David Whitehair, chair of the Defined Contribution Investment Forum, argues against mandation of asset allocations and instead calls for investible assets and better governance.
In one of the biggest changes to the rules for defined benefit schemes in years, trustees will soon be allowed to relax rules around releasing surpluses. Bina Mistry of the Society of Pension Professionals explains how this could work.
There is a lot to digest from the recent Pension Schemes Bill. Wedlake Bell’s Justin McGilloway breaks down the key considerations and action points for small employers.
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The anticipated overhaul of DC pension schemes through the Pension Schemes Bill could see a majority of employers make changes to their provision, research indicates.
Recommendations from the IFS’s two-and-a-half-year research project could boost private savings by £11bn a year and help improve pension outcomes, the institute says.
The pensions industry’s trade body has rebranded itself as Pensions UK following a detailed review of its strategy, and set out a plan to expand its reach and influence over the next five years.
Two thirds of pension savers polled by YouGov want greater flexibility when accessing their retirement savings.
Ongoing tariff negotiations and the Autumn Budget are among the risks trustees must navigate over the coming months, as well as ongoing discussions around surplus release.
Pension Insurance Corporation, the specialist bulk annuity provider, has been acquired by European insurance giant Athora in a deal worth an estimated £5.7bn.
Pensions UK is calling for urgent government action after DB pension schemes were unexpectedly billed for an administration levy connected to the PPF, with the largest schemes facing bills of hundreds of thousands of pounds.
The pensions industry’s trade body has rebranded itself as Pensions UK following a detailed review of its strategy, and set out a plan to expand its reach and influence over the next five years.
With connection deadlines coming and going and many organisations already linked up, independent consultant Richard Smith assesses the government’s progress on dashboards and looks at what is still left to do to make them a reality.
Private sector pension schemes with more than 5,000 members and auto-enrolment DC schemes with more than 1,000 members should all be connected by the end of this month.
Around 90% of pension scheme memberships could be connected to the pensions dashboards ecosystem by the end of this year if the current schedule goes to plan.
The government will today introduce the much-anticipated Pension Schemes Bill to parliament, setting the stage for a wide-ranging and ambitious overhaul of workplace pensions in the UK.