Latest articles from Angus Peters

USS, Calpers and Japanese giant set out sustainability demands

On the go: Three of the world’s most prominent pension fund investors have released a joint statement on sustainability, hitting out at short-termism and scepticism that could allow climate change alone to destroy $69tn (£53tn) in global economic wealth.

Fraud costs pensions £6bn every year

Data crunch: Almost a decade after a wave of pension liberation tax schemes hit the UK retirement sector, fraudulent activity is still having a detrimental impact on savers – costing schemes £6bn every year, according to the latest analysis.

Coronavirus shocks DB deficit by £100bn in a week

On the go: Market turmoil stoked by fears of the Covid-19 outbreak has added £100bn to the UK’s defined benefit deficit in a week, according to Hymans Robertson analysis.

TPR starts DB countdown to ‘significant maturity’

The Pensions Regulator has launched a consultation on its long-trailed, twin-track defined benefit funding approach, seeking industry views on how to get the average scheme to low dependency within 15-20 years.

KPMG pensions spin-off targets industry modernisation

On the go: KPMG’s former pensions advisory business has relaunched as Isio following its sale to a private equity backer, with the new company looking to grow its consolidation offering and improve the industry’s use of technology.

Regulator’s ESG letter ‘as vague as trustees’ statements’

Wolfgang von Brauchitsch/Bloomberg

The Pensions Regulator’s response to schemes not publishing newly required statements of investment principles has been lambasted by the non-profit that first uncovered the extent of non-compliance.

Schemes unable to handle member information requests

On the go: Testing of pension schemes and providers' ability to meet savers' requests for information about their benefits has uncovered a litany of failings.

Barnet sacks Capita and joins LGPS shared arrangement

The London Borough of Barnet has ended its contract with outsourcer Capita as the administrator of its pension scheme after a litany of breaches and scandals while it oversaw the Local Government Pension Scheme section.

TPR: Hundreds of employers targeted over dividend payments

On the go: The Pensions Regulator has written to “hundreds” of defined benefit trustees over disproportionately large dividend payments made by their sponsoring employers, as the watchdog said its interventions are starting to yield results.

BAE to issue debt to fund persistent deficit

On the go: Defence and aerospace conglomerate BAE Systems is to make a debt-funded £1bn payment into its main defined benefit pensions scheme, dramatically front-loading its recovery plan.