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Global Pensions Wrap: March edition

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From Republican attacks on CalPERS CIO’s ‘cozy’ relationship with China to Sirius investors’ fears over Anglo American takeover. Read our round-up of pensions and finance news from the FT’s global outlets.

Webb: Budget must deliver for doctors

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Podcast: Former pensions minister Steve Webb argued that “it would be astonishing” if the March 11 Budget does not bring a solution to the issues caused by the tapered annual allowance for doctors and senior clinicians. Sir Steve, now partner at Lane Clark & Peacock, and Lydia Fearn, head of defined contribution and financial well-being at Redington, discuss, among other topics, the possible changes for pensions to be introduced by the chancellor.

Camden grills manager as ESG pressure mounts

The £1.7bn Camden Pension Fund has placed one of its managers under review over concerns that it would not be able to comply with the scheme’s climate risk reporting requirements.

Fraud costs pensions £6bn every year

Data crunch: Almost a decade after a wave of pension liberation tax schemes hit the UK retirement sector, fraudulent activity is still having a detrimental impact on savers – costing schemes £6bn every year, according to the latest analysis.

Cracknell: Industry fails to explain ‘how’ savers can make changes

Michelle Cracknell on her new role at Just Group after a five-year stint leading the Pensions Advisory Service.

Hundreds of thousands of micro pots suffer remorseless attrition

Data crunch: Eight years after the auto-enrolment revolution, millions of workers’ pensions are left languishing in master trusts when they move jobs.

Regulator should take ‘softly-softly’ approach to DC consolidation

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Podcast: The Pensions Regulator should take a “softly-softly” approach to defined contribution consolidation, similar to what happened with master trusts during the authorisation process, where subtle conversations occurred and schemes decided to exit in an orderly manner, according to Adrian Boulding, director of policy at Now Pensions. He and Rosalind Connor, partner at Arc Pensions Law, discuss the response from the watchdog to its consultation of the future of trusteeship and governance, among other topics.

Global Pensions Wrap: February edition

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Activists protesting against France’s pension reforms storm BlackRock’s Paris headquarters, while experts warn investors facing plunging equity holdings against taking knee-jerk reactions to the coronavirus outbreak. Read our round-up of pensions and finance news from the FT’s global outlets.

Govt and regulators urged to review chair statements

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Podcast: Government and regulators should rethink schemes’ chair statements, as they have become a regulatory compliance tool for the pensions industry, according to Darren Philp, director of policy and communications at Smart Pension, and Judith Fish, professional trustee at Dalriada Trustees. The experts discuss, among other subjects, the recent fine received by the Financial Conduct Authority from the Pensions Regulator due to pension failures.

Dashboard innovators ‘constrained by environment’

New PASA board member Paul Sturgess tells Pensions Expert that pensions administration is upping its game, and outlines key challenges for the pensions dashboard project.