All Consolidation articles – Page 12
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News
Capital adequacy dispute threatens superfunds
Disagreement between the government and regulators has cast a question mark over the future of the UK’s defined benefit commercial consolidators.
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PodcastsPodcast: Tackling the 'long tail' of underperforming smaller schemes
Podcast: The Pensions Regulator’s latest defined contribution survey revealed that only 4 per cent of micro schemes and 1 per cent of small schemes are meeting all of the watchdog’s governance standards. David Fairs, TPR’s executive director for regulatory policy, analysis and advice, has previously described the “long tail” of underperforming smaller schemes as “unacceptable”. In this podcast, Mr Fairs talks to Pensions Expert about what the survey’s findings mean, and how the DC landscape might change.
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News
TPR turns up the heat on 99% failing small schemes
The Pensions Regulator continued to press for consolidation on Thursday, after its annual survey found 99 per cent of small schemes are missing statutory governance requirements.
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News
Select committee presses govt on superfund commitment
On the go: The Work and Pensions Committee has voiced its concerns about the government allowing the creation of defined benefit superfunds in the absence of a dedicated regulatory regime.
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News
The Pension SuperFund announces second deal
On the go: The Pension SuperFund has announced its second deal, having submitted its first transaction to the Pensions Regulator for clearance earlier this year.
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OpinionThe end is nigh for DB pensions
The defined benefit pensions industry has reached a tipping point, writes Paul McGlone, president of the Society of Pension Professionals.
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News
Superfunds left out of ‘quickie’ pensions bill
On the go: A radically stripped down pensions bill could appear later this month, according to the shadow pensions minister, as politicians try to squeeze in legislation before the uncertainty of Brexit and a new government kicks in.
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News
Clara Pensions first consolidator to join PASA
On the go: Clara Pensions became the first consolidator to join the Pensions Administration Standards Association on Wednesday, boosting its legitimacy before the announcement of its first client.
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News
Regulator keeping 'careful eye' on watch list of 50 schemes
The Pensions Regulator has a watch list of 50 defined benefit schemes that it is most concerned about, the watchdog’s chief executive, Charles Counsell, has revealed.
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OpinionSmall schemes, big changes: How to tackle the UK governance problem
Dalriada Trustees’ Vassos Vassou sees professionalising the UK’s trustee boards as a potential solution to the governance failings at small UK schemes. But with few sub-scale schemes able to afford the extra cost, could a regulatory levy be used to boost board expertise?
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Features
Wesbroom: Actuaries must now stand up to public scrutiny
Kevin Wesbroom has his work cut out bringing his CV up to date.
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News
Master trust authorisation period closes with 38 left in the running
On the go: A total of 38 master trust authorisation applications had been submitted to The Pensions Regulator by Tuesday, as the extension period closed with more casualties expected.
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OpinionFirst superfund transfers will put trustee decisions under spotlight
Proper rules and regulations to protect members of defined benefit pension schemes transferred to new ‘superfund’ consolidators are yet to be set out.
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News
PLSA policy board sets priorities for next four years
On the go: The Pensions and Lifetime Savings Association’s new policy board has set its priorities for the next four years, with specialist sub-committees formed for defined benefit and defined contribution schemes, local authority schemes and master trusts.
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News
Pension professionals distrust consolidation, finds PMI poll
On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.
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OpinionOnly 1% reach insurance, what about everyone else?
Clara Pensions chief executive officer Adam Saron hits out at “disingenuous” arguments being made in opposition to commercial consolidation, and makes the case for a superfund regulatory environment that avoids the strictures of Solvency II.
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News
Clara eyes Q2 transaction after consultation delays clearance
Commercial consolidator Clara Pensions expects to complete its first transaction within the next three months, according to the company’s founder and chief executive officer Adam Saron.
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News
Trustees lukewarm on consolidator benefits
On the go: Most defined benefit trustees doubt the ability of commercial consolidators to improve their members’ security, according to a new survey that also reveals widespread ignorance of the two new players in the market.
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OpinionSuperfunds: A safer prospect for members?
Aside from the constant, almost deafening chatter surrounding Brexit, the Department for Work and Pensions consultation on defined benefit consolidation – or superfunds – has been the talk of the pensions town over the past few weeks.
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News
DWP consultation ramps up pressure on small schemes to consolidate
The Department for Work and Pensions is ramping up the pressure on small schemes to consolidate and to consider long term illiquid investments.