All articles by Alex Janiaud – Page 12
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NewsBMA hits out at Capita’s three-year NHS contract extension
On the go: The British Medical Association has hit out at the decision to give Capita a three-year extension to its contract to run Primary Care Support England.
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NewsFirefighters go to court over ‘letter aimed at blocking pensions’
The Fire Brigades Union is preparing legal action after it received a letter intended for chief fire officers, which it described as an attempt “to block firefighters receiving the pensions they are legally entitled to”.
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NewsGovt redefines fiduciary management in CMA probe reply
The government has excluded transition management from the scope of fiduciary management in its response to the Competition and Markets Authority’s 2018 investigation of the sector.
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NewsSoas demands new USS valuation and inequality assessments
On the go: Soas University of London and its union branch have jointly called for “an evidence-based, moderately prudent valuation as soon as possible” of the £88.8bn Universities Superannuation Scheme.
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NewsPublic sector pension liabilities break £2tn with 16% surge
On the go: Changes to mortality assumptions have played their part in pushing the net public sector pension liability up by 15.6 per cent between the 2018-19 and 2019-20 periods, reaching almost £2.2tn.
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NewsProviders urge earlier introduction of Pension Wise ‘nudge’
On the go: The Financial Conduct Authority’s new rules guiding customers to use Pension Wise before drawing down their pension, which came into force on June 1, have been criticised as “poorly timed and mismanaged” by one provider.
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NewsBedfordshire pools academy liabilities in bid to cut volatility
The £2.76bn Bedfordshire Pension Fund’s committee has agreed to create a pool for its academies’ pension liabilities, in a bid to reduce the volatility caused by members entering and exiting the scheme.
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NewsUSS plans funding review as deficit drops to £1.6bn
The £88.8bn Universities Superannuation Scheme has teased the possibility of increasing benefits and cutting contributions, after its latest review revealed a markedly improved funding position.
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NewsCHC scheme trustees warn CMA of ‘seriously detrimental’ sale
The trustees of the £181.2mn CHC Scotia Pension Scheme have told the Competition and Markets Authority that its recent intervention risks being “seriously detrimental to the interests of the scheme and its members”.
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NewsTPR predicts improvements in funding levels
Pension schemes with recent valuation dates are expected to achieve improved funding levels, the Pensions Regulator has predicted, while many schemes in deficit should be able to maintain or reduce deficit repair contributions.
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NewsNew SPP president targets DC outcomes
The Society of Pension Professionals’ new president, Steve Hitchiner, has demanded greater focus on outcomes for defined contribution scheme members.
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NewsWater Companies scheme trustee stands firm over surplus transfer
David Sankey, chair of the £710mn Water Companies Pension Scheme, has assured MPs that the trustee has fulfilled its duties with respect to the planned transfer of the Bristol Water section’s surplus to its sponsor.
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NewsBrookfield to safeguard HomeServe DB pensions in £4bn deal
On the go: Canadian asset manager Brookfield has said that it will retain repair business HomeServe’s current defined benefit pensions arrangements, following the announced agreement of a £4bn takeover of the company.
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NewsCapita Pensions Solutions narrows 2020 losses with restatement
On the go: Capita Pensions Solutions has cut its 2020 pre-tax losses by £200,000 after revenues and costs from a 2017 contract were retrospectively recognised in its income statement.
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NewsLess than half of savers care about pension charges
On the go: Mortgage and bank account charges draw the attention of a higher proportion of savers than pension costs, according to new research.
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NewsMNT resigns as BBC looks to High Court to change member benefits
The BBC will ask the High Court if it can make changes to its defined benefit pension scheme as part of a review of its ability to potentially close the scheme to future accrual, which has sparked the resignation of one member-nominated trustee.
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News60% of pension funds don’t expect to meet net zero goals
Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed.
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NewsAuto-enrolment reform: If not now, when?
Five years ago, the Department for Work and Pensions issued a report with the aim of “maintaining the momentum” of automatic enrolment.
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NewsScheme costs ‘could increase’ under plans to promote illiquids in DC
The Department for Work and Pensions’ plans to promote investment in illiquid assets could end up increasing costs for members and raise the regulatory burden on schemes without improving retirement outcomes, consultants have warned.
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NewsTPR in-person visits return after lifting of Covid-19 rules
On the go: The Pensions Regulator has said it is carrying out in-person spot checks on employers in a compliance push that has been enabled by the relaxation of coronavirus restrictions earlier this year.