Latest articles from Pensions Expert

Regulator calls for schemes to consider lowering transfer values

On the go: The Pensions Regulator has asked the trustees of several defined benefit schemes to contemplate cutting transfer values for workers opting out of schemes.

The Weekly Wrap: August 24 edition

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A round-up of the pensions news stories published across the FT Group this week, from a rule that could stem the flood of defined benefit transfers, to allegations of price gouging engulfing the Australian super market.

What can be done to help savers achieve a better retirement income?

Podcast: Eighty per cent of people are not sure whether they are saving the right amount for retirement, according to the Pensions and Lifetime Savings Association. What can be done to help savers achieve a better income in retirement? In this episode, James Walsh, the PLSA’s policy lead on engagement, EU and regulation, discusses auto-enrolment minimum contribution increases, the self-employed, and confusion about pensions.

The Weekly Wrap: August 17 edition

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A round-up of the pensions news stories published across the FT Group this week, from activists warning the UK's biggest pension funds about climate risk, to a US fund's plan to cut its investment management fees.

DB schemes inch closer to full PPF funding

On the go: Defined benefit schemes in the UK are nearing full funding on the Pension Protection Fund's section 179 basis, with an aggregate deficit of £62.8bn at the end of July.

Scam victims lose £91,000 on average

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On the go: The Pensions Regulator and the Financial Conduct Authority have launched a joint media campaign to combat pension scams, amid the revelation that average losses from fraudulent and inappropriate inducements eclipsed the size of the average pension pot in the UK.

BHS successor scheme concludes buyout

On the go: The BHS2 pension scheme, which was set up in 2017 after the collapse of department store chain BHS, has completed a buyout with the Pension Insurance Corporation that will cover £800m of liabilities.

The Weekly Wrap: August 10 edition

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A round-up of the pensions news stories published across the FT Group this week, from waning life expectancy potentially adding up to £400m in exceptional profit for Legal & General, to the possibility of pensions for part-time workers in Japan.

Bulk annuity volumes break H1 record

On the go: UK pension schemes entered into a record £7.8bn of buy-ins and buyouts in the first half of 2018, as large 'back-book' transfers between insurers failed to disrupt the market's capacity.

DB transfers: What trustees and employers should consider

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Podcast: Since the introduction of freedom and choice in 2015, more and more savers have showed an interest in defined benefit transfers. In this episode, Ben Roe, senior partner and head of member options at Aon, and Gary Evans, board director at the Pensions and Administration Standards Association and chair of Pasa's Transfers Working Group, discuss the responsibilities of trustees and employers when it comes to DB transfers, and how they can support members in making the right decisions.