Royal Mail CDC scheme closer to reality as consultation launches

Fotoware

Royal Mail has launched a consultation on its new collective defined contribution scheme, detailing the structure of the new pension fund, which the postal company is aiming to launch in 2022.

Pension funds poised to help social housing crisis

iStock

The pension fund industry could deploy its capital and expertise to revitalise everyday services such as social housing and infrastructure, after ambitious government plans to grow sectors have fallen short in recent years.

Weekly Roundup: The lecturers are revolting

Fotoware

This week – UCU announces strike ballot over USS dispute, National Audit Office reveals DWP has underpaid 134,000 pensioners, insurers urged to protect trustees against GMP claims, and task force bids to boost schemes’ voting powers.

DC market proves resilient during pandemic but challenges remain

iStock

A continuation of positive trends alongside the benefits of auto-enrolment has shaped the defined contribution pensions space over the past year, but complications surrounding the Covid-19 pandemic have brought the need to mitigate future risks to the fore.

Guidance ‘stronger nudge’ still poses more questions than answers

FCA

Regulators are unclear about how the take-up levels of pensions guidance should look like as a result of the “stronger nudge”, since parts of the proposal have yet to be tested, the Work and Pensions Committee has heard.

Dashboards programme ‘on track’ amid industry concerns

Calendar (teaser)

The pensions dashboards project is expected to remain on track to meet its publicised timeline, the programme’s principal d told a Work and Pensions Committee hearing on Wednesday, amid industry concerns that the existing timeline is not feasible.

Comment

The last great risk facing defined benefit pension schemes

Jos Vermeulen

Insight Investment head of solution design Jos Vermeulen argues that longevity swaps are an appealing solution for schemes, but further standardisation is required to make these transactions more popular and cost-effective.

Pension Awareness Week: It’s time to wake up the ‘sleepwalkers’

Renny Biggins

As Pension Awareness Week unfolds, The Investing and Saving Alliance’s head of retirement, Renny Biggins, warns that schemes need to increase engagement with their members as delays to auto-enrolment changes are to be expected.

The future of DC schemes: Go big and go green

Dianne Day

Independent Trustee Services client director Dianne Day details the drivers behind consolidation in the defined contribution market, and the role environmental, social and governance investing is playing in this area.

Videos & Podcasts

No way to avoid the indexation ‘rules lottery’ as inflation bites

Podcasts

Podcast: Eversheds Sutherland partner Stuart Earle and Aon partner Lynda Whitney discuss inflation, the botched attempt to raise the normal minimum pension age, and a new value for money framework.

Trustees need to address sponsor covenant climate risk

Podcasts

Podcast: Lincoln Pensions managing director Michael Bushnell explains how scheme trustees can effectively address climate change risk in their sponsor covenant analysis.

Industry ‘irritation’ with TPR’s code of practice could have been avoided

Podcasts

Podcast: Tim Middleton, director of policy and external affairs at the Pensions Management Institute, and Steven Taylor, partner at LCP, discuss the Pensions Regulator’s new code of practice, collective defined contribution schemes, and flexibility within the defined benefit universe.

CPD

Thousands of small DC schemes may miss vital October deadline

iStock

CPD: As the deadline for new regulations governing occupational defined contribution schemes draws near, Stephanie Hawthorne looks at how smaller plans are shaping up.

Ten becomes one: First phase of TPR’s single code

iStock

CPD: Sackers partner Georgina Jones explains the changes brought by the Pensions Regulator’s new code of practice, and what trustees should consider when adapting their practices to the new rules

Using GMP conversion to achieve equality

iStock

PASA’s Alasdair Mayes details how the new guaranteed minimum pension conversion guidance can be used by pension schemes, and how trustees and administrators can decide if this is the best course of action to equalise contracted-out benefits.