DB & DeriskingRSS

Isio snaps up Premier Pensions

News on the go

On the go: Isio has announced the acquisition of Premier Pensions, subject to approval by the Financial Conduct Authority.

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.

Real Good Food uses sale proceeds to wipe DB deficit

News on the go

On the go: Liverpool-based cake decoration specialist Real Good Food has used the proceeds from the sale of its snack bar business to “eliminate” its defined benefit scheme deficit.

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.

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.

ONS data shows drop in deficit payments as life expectancy flatlines

News on the go

On the go: New data from the Office for National Statistics has revealed a significant drop in defined benefit scheme deficit repayment contributions, while the impact of the pandemic can now be seen in nationwide life expectancy data.

Govt proposes GMP revaluation rate of 3.25%

News on the go

On the go: The Department for Work and Pensions is proposing to lower the guaranteed minimum pension fixed rate revaluation for early leavers by 0.25 percentage points.

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.

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.

Selecta UK scheme agrees £250m full buy-in with Legal & General

News on the go

On the go: The Selecta UK Pension Plan has completed a £250m full buy-in with Legal & General Assurance.