All Data articles – Page 8
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NewsPASA launches guidance to help schemes’ e-admin journey
On the go: The Pensions Administration Standards Association has launched new guidance on e-administration, as schemes need to get their data in order to comply with the pensions dashboards deadline in 2023.
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NewsCalls for a ‘rethink’ as dashboards call for input closes
The Pensions Dashboards Programme’s latest call for input closed on Friday. Industry figures, though encouraged by progress made on timescales, said problems stemming from inadequate disclosure regulations and estimated retirement income remain, leading LCP to call for an implementation “rethink”.
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NewsTPR kick-starts 8-week climate risk guidance consultation
On the go: The Pensions Regulator announced on Monday the launch of a consultation to help shape guidance for trustees to meet tougher climate change governance standards.
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NewsPASA unveils counter-fraud guidance
On the go: The Pensions Administration Standards Association has unveiled its latest counter-fraud guidance, taking aim at scammers and looking to provide pension schemes with the tools used to counter an increase in criminal acts following the introduction of pension freedoms.
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NewsIndustry focus shifts toward the ‘S’ in ESG
Three quarters of Pensions and Lifetime Savings Association members intend to review their social policy in the coming year, according to its response to the government’s consultation focusing on social risks and opportunities for occupational pension schemes.
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NewsPension schemes should have climate risk integrated by 2026
On the go: Pension schemes expect to have fully integrated climate risks into their business processes by 2026, according to a poll carried out by Willis Towers Watson.
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NewsTimms urges action on fraudsters posing as Dalriada trustees
Work and Pensions Committee chair Stephen Timms has written to the City of London Police asking why no urgent action has been taken against fraudsters masquerading as representatives of Dalriada.
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PodcastsPodcast: Trustees should focus more on scheme admin in anti-scam fight
Podcast: The Pensions Ombudsman has declared schemes should have their transfer and due diligence procedures updated within a month of new anti-scams guidance. Compliance will require a huge amount of administrative time and resources, and trustees should give scheme administration more focus. LCP partner Francesca Bailey and Pensions Management Institute president Lesley Alexander talk scams, dashboards and corporate activity.
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NewsShipping agency scheme completes £17m buy-in with L&G
On the go: The John Good & Sons Limited Pension Scheme has agreed a £17m full scheme buy-in with Legal & General, covering the liabilities of more than 80 members.
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NewsDWP presses ahead with TCFD rules in time for COP 26
The Department for Work and Pensions is to press ahead with new rules that will require trustees to report on their schemes’ climate change investment risks by October, but has introduced a number of changes and easements to the regulations after industry concerns.
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NewsFCA announces expectations for publication of costs and charges data this summer
On the go: The Financial Conduct Authority has announced it will allow pension providers to disclose their charges at a scheme level rather than employer level for this year when data are published under new rules this summer.
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NewsMaster trusts to pave the way for dashboards integration in 2023
Master trusts and pension providers regulated by the Financial Conduct Authority will be the first schemes to provide data for the pensions dashboards in 2023, according to a new call for input published on Thursday.
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NewsEmployer data struggles hamper McCloud administration
On the go: Gaps in employer records are far and away the biggest data challenge for administrators looking to tackle problems like McCloud, according to a Pensions and Lifetime Savings Association poll.
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NewsGovt’s new anti-scam measures cause industry concern
Industry reaction to the government’s new consultation on pension scams and transfers have been far from unanimous, with many welcoming the intention but warning of the potential for thousands of legitimate transfers to be needlessly blocked and delayed.
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NewsDWP to consult on dashboards’ draft regulations in December
The Department for Work and Pensions will be launching a consultation on the pensions dashboards’ draft regulations, which will include rules on the different stages pension schemes will need to start sharing their data to be included in the project.
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NewsCost Transparency Initiative sees 23% spike in schemes’ uptake
On the go: The Cost Transparency Initiative has recorded a 23 per cent increase in uptake during the past year, with 79 per cent of pension schemes now making use of its framework.
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NewsBarnet Pension Fund back on track following change in administrators
Barnet Council’s pension fund has largely recovered from an era of errors under Capita, with its new administrators overseeing significant improvements in the handling of member data.
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NewsTPR, PPF propose tiered approach in asset information reform
The Pensions Regulator and the Pension Protection Fund have issued a joint consultation into proposals to change the asset class information TPR collects via the scheme return.
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OpinionProtecting pensions against pandemic-enhanced cyber criminals
Premier Pensions head of administration Girish Menezes details how the pandemic has made pension fund data vulnerable to cyber attacks, and explains what schemes and administrators can do to better protect their members’ information.
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NewsLCP warns private sector DB dying faster than realised
On the go: New research from consultancy LCP has found that with private sector defined benefit schemes closing more rapidly than realised, the incomes of newly retired workers are set to fall at a much more dramatic rate in the coming decades than had previously been thought.