David Sankey, chair of the £710mn Water Companies Pension Scheme, has assured MPs that the trustee has fulfilled its duties with respect to the planned transfer of the Bristol Water section’s surplus to its sponsor.
Brookfield to safeguard HomeServe DB pensions in £4bn deal
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May 19, 2022
On the go: Canadian asset manager Brookfield has said that it will retain repair business HomeServe’s current defined benefit pensions arrangements, following the announced agreement of a £4bn takeover of the company.
Capita Pensions Solutions narrows 2020 losses with restatement
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May 18, 2022
On the go: Capita Pensions Solutions has cut its 2020 pre-tax losses by £200,000 after revenues and costs from a 2017 contract were retrospectively recognised in its income statement.
Ombudsman denies Prudential £50k claim after failed sharing order
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May 17, 2022
A former member of the Ryland Group Pension Scheme will not have to reimburse Prudential after the provider botched the administration of his pension sharing order, the Pensions Ombudsman ruled in March.
Less than half of savers care about pension charges
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May 13, 2022
On the go: Mortgage and bank account charges draw the attention of a higher proportion of savers than pension costs, according to new research.
CofE convenes climate transition group, Clara pledges net zero
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May 12, 2022
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a coalition of UK pension funds joining forces to support climate transition in emerging markets, and a net zero pledge from Clara-Pensions.
MNT resigns as BBC looks to High Court to change member benefits
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May 12, 2022
The BBC will ask the High Court if it can make changes to its defined benefit pension scheme as part of a review of its ability to potentially close the scheme to future accrual, which has sparked the resignation of one member-nominated trustee.
60% of pension funds don’t expect to meet net zero goals
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May 11, 2022
Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed.
Auto-enrolment reform: If not now, when?
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May 10, 2022
Editorial: The government is failing women as it opts to keep the Department for Work and Pensions' automatic enrolment proposals on the back-burner, five years after they were published.
TPR in-person visits return after lifting of Covid-19 rules
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May 5, 2022
On the go: The Pensions Regulator has said it is carrying out in-person spot checks on employers in a compliance push that has been enabled by the relaxation of coronavirus restrictions earlier this year.
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