The London Pensions Fund Authority will cut the ribbon next year on the Pontoon Dock, a residential property project incorporating 154 high quality privately rented homes and 82 affordable homes available for rental or shared ownership.
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The London Pensions Fund Authority will cut the ribbon next year on the Pontoon Dock, a residential property project incorporating 154 high quality privately rented homes and 82 affordable homes available for rental or shared ownership.
The Pensions Regulator asked the trustees of 14 defined benefit schemes to review their transfer processes and consider cutting transfer values for members considering cashing in their benefits.
In a bid to make pensions saving more progressive, the Centre for Policy Studies has recommended substituting tax relief on pensions for capped bonuses on individual and employers’ retirement contributions.
The Rhondda Cynon Taf Pension Fund has agreed to wind down its lofty equity exposure in favour of new allocations to absolute return bonds and infrastructure.
An unhealthy minority of self-employed workers in the UK do not currently save into a pension, according to new research. Nearly a third will depend solely upon the state pension to support them in retirement.
Any other business: On July 26, members of the Teachers’ Pensions Scheme were informed via Facebook that their service was experiencing disruption. Later that day, they were told that access had been restored. Some members disagreed.
The Avon Pension Fund has raised the prospect of dropping some of its active managers after a significant period of underperformance.
The Royal Insurance Group Pension Scheme has reported a “considerable improvement in service” from administrator Willis Towers Watson, after two years of problems that have hurt the scheme’s ability to service transfer requests.
Mid-market direct lending is “now demonstrating signs of material deterioration in credit underwriting and future return potential”, according to a report by consultancy Willis Towers Watson, which is instead recommending its clients invest in debt for US real estate and UK commercial real estate.
SES Water, formerly known as Sutton and East Surrey Water, has opened a consultation with members on the closure of its defined benefit section to future accrual, citing efficiencies demanded by water regulator Ofwat.
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