All Data articles – Page 4
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NewsPASA guidance addresses ‘ever-changing’ DC landscape
On the go: The Pensions Administration Standards Association has updated its defined contribution guidance to account for the “ever-changing” complexities in the sector.
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NewsNest seeks ESG provider, IIGCC releases infra net zero guidance
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Nest’s tender for an ESG data provider, and the Institutional Investors Group on Climate Change’s new net zero guidance for infrastructure investments.
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NewsAegon and LCP criticise ‘damaging’ FRC dashboard proposals
Aegon and LCP have issued stern rebukes of the Financial Reporting Council’s proposals for calculating pensions projections for the dashboards, with Aegon arguing that the FRC’s preferred methodology would “damage the whole intention behind dashboards”.
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OpinionSchemes can’t afford to continue neglecting data administration
Buck’s NPT lead Wayne Gibson makes the case for schemes improving the quality of their data.
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NewsTPR, FCA to push for ‘consistent and structured’ approach to VfM
The Pensions Regulator and the Financial Conduct Authority are to push for a “consistent and structured” approach in the proposed new value for money framework governing defined contribution schemes, shifting the focus away from costs and towards “long-term value for pension savers”.
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NewsProcurement bill introduces uncertainty for regulated schemes
Government attempts to introduce flexibility to simplified public procurement processes could have an impact on regulated pension schemes, which will have to deal with increased uncertainty as a result.
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NewsLambeth eyes affordable housing, BCPP picks ESG data provider
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the London Borough of Lambeth Pension Fund planning investment in affordable housing, and the Border to Coast Pensions Partnership appointing an ESG data provider.
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NewsOmbudsman fines Cabinet Office and civil service scheme admin
The Pensions Ombudsman has partly upheld a complaint against the Cabinet Office and MyCSP, the administrator of the Civil Service Pension Scheme, after they failed to properly process a member’s request to cease payments to his “added years contract”.
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NewsNHS sends almost 3,000 erroneous pension statements
’Nearly 3,000 members of the NHS Pension Scheme have been sent erroneous pension statements, leading to criticism from the British Medical Association.
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NewsTPR funding statement flags uncertainty impact for valuations
High levels of uncertainty surrounding inflation, interest rates, mortality, energy prices and economic growth will put additional pressure on trustees completing their tranche 17 valuations this year, according to the Pensions Regulator’s annual funding statement.
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OpinionGetting ready for the pensions dashboards
Taylor Wessing’s pensions partner Anna Taylor details the latest developments with the pensions dashboards project and what trustees should be doing to get their schemes ready for it.
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NewsAltus and ITM move first on next stage of dashboards journey
On the go: Financial services software company Altus and platform technology specialist ITM have been confirmed as the first participants in the Pensions Dashboards Programme’s “Alpha” stage to move forwards to the next development stage.
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NewsPPF seeks admin and actuarial services company
On the go: The Pension Protection Fund has launched a tender to appoint a new company to join its specialist administration and actuarial services panel, which provides assistance to the lifeboat fund and schemes when they enter the PPF assessment period.
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NewsMcCloud remedy causes three of four schemes to breach cost cap
The Government Actuary’s Department has published the cost cap valuations of four public sector schemes, confirming that the cost of implementing the McCloud remedy has led to a breach of the cost control mechanism, cancelling previously-agreed benefits increases.
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NewsOverpayment woes at Teachers’ Pension Scheme continue
The Pensions Ombudsman has partially upheld two more complaints about overpayments to members of the Teachers’ Pension Scheme, the latest in a series of cases where the scheme and its administrators, Teachers’ Pensions, have faced accusations of maladministration.
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NewsPlatform launches pensions dashboard sandbox
On the go: Pensions Dashboards Programme partner Moneyhub has launched an interactive sandbox to show how the pensions dashboards could potentially work.
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NewsPASA covers crossovers, tax and death benefits in GMP guidance
On the go: The Pensions Administration and Standards Association has launched guidance tacking frequently asked questions around guaranteed minimum pension equalisation, including tax implications, death benefits, commutation, and the ‘look-back’ approach for crossover members.
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NewsGovt allocates £425mn for teachers’ remedy back payments
On the go: The government has allocated £425mn for back payments to members of the Teachers’ Pension Scheme, and others within scope of the Goodwin ruling from 2020.
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NewsPlumbing Pensions to use member funds to fight section 75 claims
The Court of Session in Edinburgh has granted Plumbing Pensions permission to use member funds to defend against legal claims from employers over its pursuit of section 75 liabilities.
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NewsPublic sector scheme members get retirement calculator
On the go: The Government Actuary’s Department has released an online tool designed to help public sector scheme members better understand their options for benefits and retirement.