All articles by Angus Peters – Page 16
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News
Government hands industry reins on dashboard project
Work and pensions secretary Esther McVey has said she "backs the industry" to deliver the pensions dashboard, but key details including whether the government will compel schemes to submit information remain unclear.
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News
PLSA pitch for light-touch tender rules raises eyebrows
The Pensions and Lifetime Savings Association has called for mandatory fiduciary management tenders mandates to be closed processes with no minimum number of applicants, but some experts have questioned whether the move would do anything to change the status quo.
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Dromey: Government can use HPE contracts for pensioner justice
The shadow pensions minister has called on ministers to leverage lucrative contracts it awards to Hewlett Packard Enterprise to persuade the company to protect pensioners who are seeing their benefits eroded by inflation.
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News
Aegon not interested in scooping up failed mastertrusts
Pensions provider Aegon has declared itself uninterested in buying mastertrusts that drop out of the market as a result of authorisation, aiming instead at the more lucrative single-trust defined contribution market.
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News
Industry slams lack of detail on regulator's new powers
Plans to reinforce the regulation of defined benefit schemes in the UK lack depth and may not have been able to prevent the pensions scandals that have rocked the industry in recent years, according to industry experts.
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OpinionIndustry right to reject death by Isa
From the blog: MPs may have migrated to warmer climes to relax during the parliamentary recess, but the civil servants at HM Treasury have evidently been working away behind the scenes.
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News
FRC review threatens to impact actuarial profession
An advisory group to the government review of the Financial Reporting Council is to explore the extent to which actuaries should be subject to formal regulation in response to the pensions-related nature of recent corporate failures.
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NewsSchemes must play part in war on scams
Pension schemes and providers have been urged to increase member awareness of scam tactics and tighten data security, amid the revelation that average losses from fraudulent and inappropriate inducements eclipsed the size of the average pension pot in the UK.
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News
DB transfers heading into costly drawdown products, research finds
Defined benefit members transferring out of their scheme to take advantage of freedom and choice may be wasting money on fees for flexibilities they are unlikely to use, according to a new report.
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News
Mastertrust transfers and charges blasted in ‘worst in pensions’ study
Two of the UK’s largest mastertrusts have been named the worst performing providers in pensions over high charges and slow transfer processes.
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NewsFTSE 100 steps up derisking drive as deficits shrink
Defined benefit schemes of FTSE 100 employers continue to derisk investment portfolios at a rapid rate, despite mismatching of assets and liabilities generating attractive returns over the last year.
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FeaturesBT’s 'sleight of hand' bond gift slashes accounting deficit
BT’s defined benefit scheme has seen its accounting deficit drop by £1.8bn over the past quarter after investing in the bonds of its own sponsor, but some experts have questioned whether the move has any meaningful impact on member security.
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Features
Threshold adults favour medium-term saving over pensions
Analysis: The pensions industry has long been deliberating over the best way to cater for millennials currently beginning their savings journeys, but it may be time to focus on a new term – the so-called threshold adult.
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News
Communications essential as cold-calling ban takes step forward
The Department for Work and Pensions has taken a further step towards implementing a ban on cold calls related to pensions, but experts have cautioned that the delayed measure will not be sufficient on its own to stamp out scams.
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NewsMandatory tenders welcomed by pensions industry
UK pension schemes will be required to conduct competitive tender processes before hiring their first fiduciary manager, under recommendations set out by the Competition and Markets Authority on Wednesday.
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News
Select committee hails CDC as 'new Beveridge' for UK pensions
Collective defined contribution schemes could usher in a new era of progress for the welfare state, according to the Work and Pensions Committee’s latest report, as the influential group of MPs seeks to increase pressure on government to facilitate the swift creation of CDC schemes.
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News
Could mastertrust consolidation result in stranded schemes?
Strict requirements for mastertrusts to contingency plan for their own demise as part of the sector’s new authorisation regime may have unintended consequences if wound-up schemes become stranded, experts have warned.
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News
Record corporate debts – a covenant warning signal?
UK companies’ net debts hit record highs over 2017/18, a new study has found, prompting concerns about how some sponsors of the UK’s defined benefit pension schemes will weather a turn in the interest rate cycle.
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News
Providers eye departure from defaults in workplace success stories
Providers at both ends of the workplace pension market are reporting positive behaviours among their membership, prompting some to suggest that the government should not instigate further increases in minimum contribution rates.
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News
Disclosure standard aims for strengthened trustee buy side
Investment consultants could be required to disclose scheme data allowing clients to judge the quality of their advice under a new performance framework, which has already attracted positive early statements from two top 10 firms including 'big three' member Mercer.