The chair of the Local Government Pension Scheme Advisory Board believes that the government missed the opportunity to introduce new climate-related reporting rules for local authority schemes with COP26, after a request sent to the minister of state for Levelling Up Communities mysteriously failed to reach its intended recipient.
TPR publishes new scams guide in appeal for industry support
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June 15, 2022
On the go: The Pensions Regulator has appealed for support from industry to protect savers from scammers, and has issued guidance for trustees on how to report pension scams.
Local government McCloud rules expected in October 2023
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June 15, 2022
On the go: Legislation aimed at removing the age discrimination that formed the basis for the McCloud ruling is expected for the Local Government Pension Scheme in October 2023, the Local Government Association has said.
LGPS advisory board chair appeals for infrastructure clarity
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June 14, 2022
On the go: The government needs to provide a clearer definition of the kind of infrastructure investment it wants public sector schemes to carry out as part of its levelling up agenda, the chair of the Local Government Pension Scheme advisory board has said.
Employers failing to grasp LGPS costs and ‘responsibilities’
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June 14, 2022
Many employers do not understand the value or costs associated with being part of the Local Government Pension Scheme, according to the assistant director of the £28.2bn Greater Manchester Pension Fund.
Railpen launches voting coalition, BlackRock expands client voting
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June 13, 2022
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Railpen announcing a pushback against “unequal voting rights” and BlackRock giving its pension clients more say in how they take part in shareholder votes.
TPR to review initial TCFD reports
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June 10, 2022
On the go: The Pensions Regulator will review schemes’ published Task Force on Climate-related Financial Disclosures reports in the coming months, it has disclosed.
Nearly a third of DB trustees think net zero ‘isn’t relevant’
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June 10, 2022
On the go: Thirty per cent of defined benefit pension trustees think efforts to push their schemes towards net zero emissions “isn’t relevant to them”, according to new research.
Staffordshire Fire and Rescue Service pauses McCloud payments
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June 10, 2022
The Staffordshire Fire and Rescue Service has stopped making payments to members of the Firefighters’ Pension Scheme affected by the McCloud ruling after pressure from the government.
Analysts consider PensionBee a potential takeover target
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June 10, 2022
On the go: PensionBee’s competitors may have to buy the platform to stop it dominating the defined contribution market, Jefferies analysts have suggested.