On the go: University staff will walk out at 60 of the UK's higher-education institutions later this month, after a conflict between unions and bosses on pensions and pay failed to reach a resolution.
Trustees’ retort to minister’s ‘just switch’ ESG comments
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November 4, 2019
An industry body representing trustees says market failures are preventing it from meeting the pensions and financial inclusion minister’s call to sack managers who refuse to implement voting policies.
Lords bill seeks to give TPR dividend approval and scrap PPF cap
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November 3, 2019
On the go: An ambitious bill brought before the House of Lords last week would give the Pensions Regulator approval over company dividend payments, and remove the cap on compensation payments made by the Pension Protection Fund.
University staff back strike action over pensions
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November 3, 2019
On the go: Members of the University and College Union have voted in favour of strike action over changes to the Universities Superannuation Scheme, the latest threat of a walkout in a long-running pensions dispute.
Minister presses ahead on simpler statements
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November 3, 2019
On the go: The Department for Work and Pensions is consulting on measures to hasten the adoption of two-page simplified pension statements, in response to sluggish uptake from the industry.
ESG gauntlet laid down as member demand grows
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October 30, 2019
Asset manager Schroders says trustees do not do enough to communicate their views on sustainability to their managers, as environmental, social and governance issues rise up the institutional and consumer agenda.
Asda enters mammoth buy-in ahead of possible float
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October 18, 2019
On the go: UK supermarket chain Asda has offloaded £3.8bn of its defined benefit liabilities in a buy-in with Rothesay Life.
As Nest adds private credit, should platforms ditch daily dealing?
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October 18, 2019
Asset management platform providers have been urged to open up defined contribution schemes’ access to private market funds, following the announcement of a third private credit mandate by Nest.
PASA president warns over data costs
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October 17, 2019
On the go: The president of the Pensions Administration Standards Association has warned that the poor quality of pension scheme data could frustrate the efforts of pensions dashboards.
Trustees unconvinced on lifetime mortgage backing
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October 17, 2019
Data crunch: Lifetime mortgage providers are hoping to tap into pension fund capital to fuel market expansion, but a combination of limited expertise, social risks and maturing defined benefit liabilities are holding trustees back.