DB & DeriskingRSS

Less than a third of trustees think TPR will monitor fairly

Just 31 per cent of trustees are confident the Pensions Regulator will police funding agreements fairly and effectively in future, according to a survey by consultancy Willis Towers Watson.

Industry calls for regulatory speed and stronger approach to scams

The pensions industry has voiced concerns over regulatory weaknesses and a lack of urgency when tackling scams and regulating defined benefit to defined contribution transfers.

Government sets out proposals for trustee ESG investment duties

Trustees will be expected to publish a statement on how they take account of scheme members’ ethical views, if proposed requirements floated in a government consultation are implemented.

SNP bill seeks PPF support for orphan liabilities

A private members’ bill submitted by Scottish National Party MP Alan Brown last week could see the Pension Protection Fund taking on so-called orphan liabilities from multi-employer pension schemes.

Electrocomponents scheme invests in bespoke pooled fund

Cover graphic 18.06.18 teaser

The UK defined benefit scheme of FTSE 250 distributor Electrocomponents has moved much of its fixed income exposure into a qualifying investor alternative investment fund.

Regulator sees merit in criminal sanctions for DB sponsors

The Pensions Regulator is prepared to deploy tough new powers promised by the Department for Work and Pensions’ defined benefit white paper, although it admitted that there will be a high bar for beginning any criminal proceedings against sponsoring employers.

Industry backs alternative to mandatory clearance

Requiring companies to prepare a formal statement on how corporate activity might affect their pension schemes could help protect members from being put at risk, a survey of restructuring professionals has suggested.

Guy Opperman outlines hopes to harness fintech

Pensions and financial inclusion minister Guy Opperman says he hopes to harness fintech to boost saving for the self-employed, while aiming to bring in legislation for defined benefit regulation next year.

Pensioners underspending and bequeathing most wealth on death

Many older people are underspending in retirement, and are set to bequeath the majority of their wealth to younger generations instead, according to research by the Institute for Fiscal Studies.

Scheme support levels at highest level since financial crisis

FTSE 350 companies are in the strongest position to support their defined benefit schemes since the 2007/08 financial crisis, a new report has found. However, the gap between the index’s winners and losers continues to rise.

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