Latest articles from Angus Peters

Govt discriminated against younger judges and firefighters, court finds

The government has suffered another legal defeat over its handling of changes to pension provision for judges and firefighters, with a court maintaining that it discriminated against younger members and indirectly against ethnic minorities and women.

Savers unfazed by AE contribution rises

Auto-enrolment savers have proved indifferent to a rise in their contribution rates imposed earlier this year, according to research, but the government remains unconvinced by the case for using inertia to tackle low self-employed saving rates.

CMA ups pressure on trustees and advisers to seek best deal

New requirements on trustees to shop around for fiduciary management and challenge their advisers will generate better value for members, experts have said in response to measures set out by the Competition and Markets Authority.

Government fires ‘starting gun’ on superfund deals

A government consultation published last week will allow the UK’s commercial defined benefit consolidators to press ahead with their first deals, it has been claimed, although some experts say questions remain over how the businesses can be prudently regulated.

Will poor data standards hinder dashboard success?

News in focus: The Department for Work and Pensions' recently published feasibility study for the pensions dashboard project has been seen as a welcome step towards making dashboards a reality, but compulsion, data cleansing and careful planning are crucial if the initiative is to be a success. 

BT section must stick to RPI, Court of Appeal says

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BT has lost an appeal seeking to allow it to downgrade the inflation protection given to some of its defined benefit members.

Rentokil announces £1.5bn buyout with PIC

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Business services group Rentokil Initial has passed its £1.5bn of defined benefit liabilities to the Pension Insurance Corporation in a full buyout, adding to a record-breaking year for bulk annuity transactions.

DWP eyes scheme dashboard compulsion within 4 years

PLSA Annual Conference 2018

Occupational pension schemes may be expected to provide member data to pensions dashboard services or face regulatory punishments within the next four years, according to a feasibility study by the Department of Work and Pensions.

No-deal Brexit a possibility as McVey and others quit

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Esther McVey has resigned as secretary of state for work and pensions amid a raft of cabinet resignations, raising speculation about the impact of a no-deal Brexit on the pensions sector.

Esther McVey resigns over Brexit deal

News On the Go

On the go: Esther McVey has resigned as Secretary of State for Work and Pensions, declaring that she was unable to support Prime Minister Theresa May's draft EU withdrawal agreement.