All articles by Alex Janiaud – Page 8
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NewsAten Global fined by ombudsman for employee pension distress
On the go: Renewable energy business Aten Global has been fined £1,000 by the Pensions Ombudsman and ordered to pay missing pension contributions to an employee.
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NewsOpperman: 12mn people are under-saving for retirement
Pensions minister Guy Opperman has told MPs that around 12mn people are under-saving for their retirement, accounting for 38 per cent of the nation’s working age population.
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NewsOpperman has ‘zero sympathy’ for concerns over dashboards’ timeline
Pensions minister Guy Opperman has rebuffed concerns over the timescale of the Pensions Dashboards Programme, adding that the project would have moved at even greater speed if he had his way.
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NewsOpperman attacks industry efforts on midlife MOTs
Pensions minister Guy Opperman has hit out at the pensions industry’s apparent lack of involvement in the development of so-called “midlife MOTs”, and argued in favour of the service being offered to savers in their thirties.
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NewsOpperman moots abolishing member-nominated trustees
Pensions minister Guy Opperman has raised the possibility of scrapping member-nominated trustees, demanding a surge in professional trustees as part of his plans for consolidation in the defined contribution space.
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NewsFirst LGPS climate risk reports due by December 2024
The first Local Government Pension Scheme climate risk reports will be completed by December 2024, with which administering authorities will set out their strategies and metrics for managing climate-related risks and opportunities, according to a new government consultation.
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NewsPensions dashboards standards need ‘extensive user testing’
Respondents to the pensions dashboards standards consultation have warned that user testing and experience will be required before a full assessment can be provided.
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NewsInflation may hinder asset-liability matching, warns IFoA
On the go: Soaring inflation may prevent actuaries from being able to match schemes’ underlying liabilities with appropriate assets, with costs set to increase, the Institute and Faculty of Actuaries has warned.
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NewsProfessional negligence claim against Aon goes ahead
The High Court has given the green light for a full court hearing into a professional negligence claim against Aon, after the consultancy failed in its attempt to have the claim struck out on the basis that it has breached statutory limitation periods.
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NewsTribunal upholds £400 TPR fixed penalty notice
On the go: A tribunal has enforced a £400 fixed penalty notice issued by the Pensions Regulator against an employer that failed to comply with an unpaid contributions notice.
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NewsEast Lothian Council rejects LGPS funds’ merger oversight motion
On the go: The East Lothian Council has voted down a motion that sought to expand oversight of a planned merger between the £8.6bn Lothian Pension Fund and the £3.2bn Falkirk Council Pension Fund.
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NewsScottish housing scheme deficit set to be cleared ahead of schedule
On the go: The Scottish Housing Association Pension Schemes’ deficit will be wiped out in September 2022, ahead of schedule, according to its 2021 valuation results.
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NewsPension risk transfer market set for second-biggest year
On the go: Pension risk transfer volumes in the UK are expected to conclude the year at their second-highest level, according to Legal & General.
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NewsOpperman rejects PPF and FAS inflation caps review
Pensions minister Guy Opperman has rebuffed an appeal from a trade union to review compensation levels in the Pension Protection Fund and the Financial Assistance Scheme, as the cost of living crisis looms over beneficiaries.
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NewsThink tank urges reform of NHS pensions’ CPI link
Think thank Policy Exchange has advised the next prime minister to revise the relationship between the consumer price index and the annual allowance for public sector pensions, in a move that could help to limit the number of GPs and consultants retiring early to avoid punitive taxes.
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NewsExperts question timing of pensions awareness season
Commentators have queried the timing of the pensions awareness season starting later this year, which will take place during a mounting cost of living crisis ravaged by high inflation, surging energy bills and flagging consumer confidence.
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NewsPrivate markets managers ‘failing to provide climate data’
On the go: Private markets managers “seem generally unprepared to support clients” with the data they need to meet their Task Force on Climate-related Financial Disclosures requirements, Hymans Robertson has said.
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NewsCouncillor appeals for broader LGPS fund post-merger oversight
On the go: Scottish Greens councillor Shona McIntosh has tabled a motion for an upcoming East Lothian Council meeting, appealing for broader and more democratic oversight over the successor to the £8.6bn Lothian Pension Fund.
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NewsUnion slams Crown guarantee for Atomic Weapons scheme
The government’s decision to grant a “Crown guarantee” for the Atomic Weapons Establishment Defined Benefit Pension Scheme has been criticised by one trade union for being too late to help its members.
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NewsNew funding proposals threaten ‘the demise of DB schemes’
New defined benefit funding rules may lead to “potentially severe outcomes”, consultancy LCP has warned, while Mercer has predicted that the regulations would “accelerate pension liability buyouts and the demise of DB schemes”.