FirstGroup explores change in DB scheme discount rate

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Bus and train operator FirstGroup is to engage in “strategic discussions” with its trustees, after the funding valuation for the First UK Bus Pension Scheme was finalised and improvements were made to its technical provisions.

Weekly Roundup: US DoJ intervenes; elsewhere, justice is sought

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This week — A mega-merger is abandoned after a US Department of Justice intervention, an employer seeks damages from Plumbing Pensions, TPR is reviewing the schemes eligible for fraud compensation and the government is to open a new public sector scheme for judges

MP introduces bill to investigate Atomic Energy Authority transfers

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Conservative MP David Johnston has introduced a private members’ bill to allow the Parliamentary and Health Service Ombudsman to investigate pension transfers made out of the UK Atomic Energy Authority pension scheme.

TPR reviews schemes eligible for Fraud Compensation Fund

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The Pensions Regulator and the Pension Protection Fund are undertaking a review of schemes that may be eligible for the Fraud Compensation Fund, following uncertainty surrounding instances where no independent trustee has been appointed to a scheme.

Almost a third of tranche 14 schemes in surplus

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Detailed analysis of triennial valuations with due dates up to January 2021 shows that almost one in three defined benefit and hybrid schemes are in surplus, but many pension funds face a headwind due to falling interest rates.

Comment

What should industry know about tomorrow’s pensioners?

Daniela Silcock

As working lives are becoming increasingly heterogeneous and pension contribution levels are directly linked with housing conditions, Pensions Policy Institute head of policy research Daniela Silcock looks at potential solutions that could improve today’s savers retirement options.

Don’t wait to be grey to be green

Charles Clarke

Charles Clarke, client communications lead at BNP Paribas Asset Management, details the challenges ahead for the pensions industry in its mission of switching the economy from stopping polluting to starting rebuilding.

Is there anything under the bonnet of govt’s climate policy?

Andy Tarrant

Whitehouse Communications’ Andrew Tarrant argues that the demand for finance, and not the supply, could make or break the government’s objective of meeting its ambitious climate change commitments.

Videos & Podcasts

Pensions industry needs an 'investment rethink' to grapple ESG

Pensions industry needs an 'investment rethink' to grapple ESG

Video: Keith Guthrie, deputy chief investment officer at Cardano, discusses how schemes can be ready to invest in a world where climate change and sustainability are now among the top priorities.

TCFD helps schemes to understand financial risks

Podcasts

Podcast: Will Martindale, group head of sustainability at Cardano, and Joanne Segars, chair of the board of directors of LGPS Central and chair of Now Pensions, discuss how schemes can best implement the Task Force on Climate-related Financial Disclosures requirements.

Too much jargon hampers sustainable investing drive

Podcasts

Podcast: Georgia Stewart, chief executive of Tumelo, and Chris Hulatt, co-founder of Octopus Group, talk sustainability, inter-generational fairness and cryptocurrencies.