DB & DeriskingRSS

More than a third of schemes ignore own trustee diversity data

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More than one-third of the pension schemes that collect trustee diversity data have no intention of using it, the Pensions Regulator has found, as it publishes an action plan to boost boards’ diversity and inclusion.

RPI reform judgment stands as High Court refuses appeal

News on the go

On the go: The trustees of the BT, Ford and Marks and Spencer schemes have decided not to seek a review of a September High Court judgment in the Court of Appeal, after the High Court struck down their judicial review against the government’s plans to axe the retail price index and refused a permission to appeal.

Union attacks ‘unacceptable’ hike to Railways pension contributions

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The National Union of Rail, Maritime and Transport Workers has warned that changes to the Railways Pension Scheme’s investment strategy, following a Pensions Regulator intervention, would result in an “unaffordable and indeed unacceptable” 7.6 per cent hike in members’ contributions.

UK bond yields continue to surge after chancellor’s ‘mini-Budget’

News on the go

On the go: The value of UK Treasuries has fallen sharply after the fiscal statement on September 23, which announced a raft of unfunded tax cuts for businesses and high earners as well as homebuyers.

Webb: Opperman achieved but ‘got sidetracked easily’

Podcasts

Podcast: LCP partner Sir Steve Webb gives his view on Guy Opperman’s time as pensions minister, and discusses under-saving in defined contribution and a local council investment scandal.

Govt to fix NHS inflation link and mandate pensions recycling

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The government will be correcting pension rules regarding inflation and will mandate NHS trusts to offer pensions recycling by 2023, as part of its bid to prevent punitive pension rules from encouraging workers to leave the NHS.

TPR approached a ‘number of times’ by capital-backed consolidators

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The Pensions Regulator has been approached a “number of times” by companies working on capital-backed consolidation models, according to Charles Counsell, who has called for superfund legislation.

Yell Pension Plan agrees £370mn full buy-in

News on the go

On the go: The Yell Pension Plan has agreed a £370mn buy-in with Pension Insurance Corporation, covering the remaining liabilities of the defined benefit scheme.

Employer DC contributions to exceed DB ‘in 5 years’

News on the go

On the go: The expected decline of sponsor contributions towards defined benefit pension schemes should see businesses’ defined contribution payments outstrip these within five years, according to new research.