All Defined contribution articles – Page 45
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NewsPLSA calls for 12-month dashboards grace period from regulators
On the go: The Pensions and Lifetime Savings Association has appealed for “a degree of latitude” from regulators in the months after the pensions dashboards are introduced.
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NewsVW rejects shareholder proposal, savers in the dark over investments
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Volkswagen’s rebuff of a shareholder letter concerning its so-called “lobbying activities”, and new research revealing widespread ignorance over how pensions are invested.
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NewsPension net pay top-ups to begin by 2026-27
On the go: The first top-ups for individuals making pension contributions to net pay schemes will be provided by the government by the 2026-27 tax year, the Treasury has confirmed.
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NewsDashboards timeline and guidance barriers concern industry bodies
Two of the pensions industry’s largest organisations have caveated their broad support for the pensions dashboards project with concerns about timing, consistency and red tape surrounding financial advice.
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NewsDC infra investments could surpass £100bn by end of decade
On the go: Defined contribution assets invested in infrastructure may cross the £100bn mark by the end of the decade, according to new research.
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NewsMinister demands resolution as Dundee Uni staff set for strike
On the go: The Scottish government's higher education minister has spoken out against plans for University of Dundee staff to commence a third round of strike action over proposed changes to their pension arrangements.
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NewsCentrica picks Schroders to invest its £10bn in scheme assets
On the go: Energy provider Centrica has chosen Schroders Solutions as its outsourced chief investment officer for its £10bn in pension scheme assets.
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NewsSchemes and providers team up to push pensions engagement
On the go: Around 15 pension providers and schemes representing approximately 41.5mn savers and customers have committed to support a campaign to encourage engagement with pensions.
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NewsOlder savers reap rewards of asset growth at close of 2021
On the go: Older savers with bigger pension pots experienced greater lifts to their expected retirement living standards than their younger counterparts towards the end of last year, new research has revealed.
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NewsAppeals made as foreign exchange class action proceeds on opt-in basis
The Competition Appeal Tribunal has ruled that a class action suit against banks for participating in a foreign exchange spot trading cartel must proceed on an opt-in basis, leading to fears that thousands of pension funds could miss their opportunity to join the suit.
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News76% of employers expect trustees to consider quitting over regulation
On the go: More than three-quarters of employers have said they think their pension scheme trustees will weigh up resigning their positions in response to the mountain of regulations they are expected to comply with.
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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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NewsEx-Norton owner given suspended sentence over missing pensions
Stuart Garner, former owner of Norton Motorcycles, has been given a suspended sentence, after pleading guilty to illegally investing pension scheme money in his failing company.
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NewsLabour accuses government of undermining pensions ‘consensus’
On the go: Labour’s shadow secretary of state for work and pensions, Jonathan Ashworth, has accused the government of breaking with pensions “consensus” and undermining workers’ protection with its planned pension reforms.
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NewsAon’s master trust and GPP invest in climate transition fund
On the go: The Aon MasterTrust and Group Personal Pension Plan made a £700mn investment in February 2022 to a new climate transition fund co-developed and co-launched by the consultancy and UBS Asset Management.
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NewsCharge cap proposals criticised as govt launches illiquids consultation
The government has said it will “take time to consider” industry concerns around its proposals to exclude performance fees from the charge cap, and has launched a combined consultation into other ways in which to encourage defined contribution schemes to invest in illiquid assets.
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NewsUnions threaten strikes as TfL scheme review models pension cuts
At least two of the country’s biggest transport unions threatened industrial action after an independent review of the Transport for London Pension Scheme set out a suite of possible pension reforms that would cut benefits.
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NewsScottish Widows to divest £1.5bn from tobacco stocks
On the go: Scottish Widows has said it will divest from any company that derives more than 10 per cent of its revenue from tobacco, in an expansion to its exclusions policy.
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NewsOpperman calls for industry input on CDC expansion
On the go: Pensions minister Guy Opperman has called on the industry to work with government on expanding the nascent collective defined contribution market, though experts have previously warned that draft regulations are too strict to allow for real growth in the sector.
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NewsRegulator’s CDC plans risk strangling the sector at its birth
The Pensions Regulator’s draft code of practice for collective defined contribution schemes is unnecessarily strict and risks severely hampering growth in the sector, industry bodies have warned.