The Universities Superannuation Scheme is at risk of missing the statutory deadline for its 2020 valuation, according to its chief executive, Bill Galvin.
DB & Derisking
How schemes can navigate the post-Covid recovery
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January 21, 2021
Defined benefit schemes should use the post-Covid recovery to conduct a thorough postmortem of the effects of 2020’s events on their portfolios and strategies, according to Barnett Waddingham.
‘Challenging’ 2020 forces 80% of DB schemes to reassess portfolios
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January 21, 2021
On the go: Eighty per cent of defined benefit pension schemes plan to reassess their investment portfolios after the events of 2020 put returns in doubt, according to research by the Pensions Management Institute and River and Mercantile.
Clarity on dashboards, but delays taint Pension Schemes Act
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January 20, 2021
The government fought off opposition amendments to the Pension Schemes Act in the House of Lords on Tuesday, keeping its dashboards options open — but experts have warned that many of the act’s more substantive changes could be delayed until 2022.
Evonik schemes strike bulk annuity deal with L&G
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January 20, 2021
On the go: Chemical company Evonik UK has concluded a £544m full buy-in for four of its UK pension schemes with Legal & General.
Market volatility to provide more derisking opportunities this year
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January 19, 2021
On the go: Readiness to execute pension risk transfer deals will be key to derisking strategies this year, according to Willis Towers Watson.
Altmann lambasts ‘shocking’ FCA DB transfer findings
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January 19, 2021
On the go: Former pensions minister Ros Altmann has criticised the Financial Conduct Authority for being slow to ban contingent charging on defined benefit transfer advice, and allowing advice companies to operate without relevant insurance.
Minnows make land grab from Big Four as audit fees set to rise
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January 18, 2021
The cosy oligarchy of the Big Four accounting firms — PwC, Deloitte, EY and KPMG — is set to be shaken up in 2021 as mid-tier companies eye their bread-and-butter work of pension scheme auditing.
Ageing LGPS hungry for income
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January 18, 2021
Data Crunch: Hal La Thangue explains how LGPS funds are dealing with the challenges posed by changing membership demographics.
DB transfers falling as advice provision declines
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January 18, 2021
On the go: The number of people transferring out of defined benefit pension schemes fell in the 18 months to the end of March 2020, according to new data from the Financial Conduct Authority.