Latest articles from Angus Peters

Plumbers’ scheme set to close to future accrual

News On the Go

On the go: The multi-employer defined benefit scheme for the plumbing industry will close to future accrual from June 30, despite an apparently healthy funding level.

Marks & Spencer adds £1.4bn in new buy-ins

News On the Go

On the go: Marks & Spencer's UK defined benefit scheme has entered a £1.4bn buy-in with the Pension Insurance Corporation and Phoenix Life, bringing its total insured portfolio up to two thirds of its pensioner population.

PIPA 2019 winners revealed

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The 20th anniversary edition of the Pensions and Investment Provider Awards saw 25 companies crowned best in the business. Click here to see the full winners list.

Nest seeks new third party administrator

News On the Go

On the go: Master trust Nest has invited bids to take over the administration of its 8m-member scheme from 2023, as regulations force the scheme to re-tender at the end of its current contract.

Ministers mulling 50/50 solution for NHS scheme

News On the Go

On the go: The chancellor and health secretary are reportedly considering introducing greater flexibility to the NHS pension scheme, in a bid to stave off a wave of early retirements without changing tax rules.

Morgan Sindall ditches ‘pension’ in comms to boost engagement

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Construction and regeneration group Morgan Sindall has described the boost to pensions engagement it saw after revamping its member communications, notably replacing mentions of ‘pension’ with ‘retirement saving’.

Anglo American dials down equities even further

The UK defined benefit schemes of mining multinational Anglo American have halved their already minimal exposure to equities, as the plans near self-sufficiency and reduced risk.

Private debt inflows continue as storm clouds gather

Data crunch: Private debt received more mandate awards than any other alternative asset class in Q1 this year, according to MandateWire, but should trustees be concerned by the threat of corrections and weakening covenants?

STV agrees new £127m DB funding package

On the go: Scottish broadcaster STV has agreed to pay off its £127m defined benefit pension deficit over 12 years, including additional contributions if its cash flow improves, after completing triennial valuations of its schemes.

TPR warns on chair's statements after master trust fines upheld

On the go: Fines issued by the Pensions Regulator against two master trusts have been upheld by courts, as the watchdog warned providers to ensure their chairs' statements comply with the law.