Latest articles from Alex Janiaud

Firefighters receive £3,750 govt payout over Sargeant ‘distress’

News on the go

On the go: Nearly 9,000 firefighters will receive £3,750 from the government to compensate for anxiety and stress caused by a “government pensions debacle”.

Mini-Budget blows £11bn hole in BT Pension Scheme

News on the go

On the go: The £46.9bn BT Pension Scheme sustained an £11bn hit to its assets following the government’s September “mini” Budget, before the Bank of England intervened to stabilise gilt markets.

LDI funds prepared for ‘much larger increases in yields than before’

Shutterstock

Liability-driven investment funds have built sufficient capital to shield themselves from the impact of further spikes in gilt yields, the Bank of England has said.

Gilt yields drop while schemes plan for life after mini-Budget U-turn

Big Ben, parliament

Pension schemes are reviewing their asset allocations and resilience to future market shocks, as gilt yields fell in response to the abandonment of most measures presented in the September “mini” Budget.

Pension contributions down as UK faces ‘retirement time bomb’

News on the go

On the go: Two-fifths of businesses with more than 500 employees have warned that employees are lowering their pension contributions in response to the cost of living crisis, according to one pension provider.

Weekly Roundup: So, about the gilt markets…

Daniel Graves Photography

This week – Journalists to blame for all the pain and suffering trustees and advisers are living with, Alex Burghart is finally confirmed as pensions minister, PLSA conference hears the small pots problem is ‘only going to get worse’, and the UCU is still kicking the shins of Universities UK over benefit cuts.

DWP aims to consult on multi-employer CDC this year

Fotoware

The Department for Work and Pensions will consult on multi-employer collective defined contribution schemes before the end of 2022, according to a senior civil servant.

TPR’s Counsell: DB schemes are not at risk of collapse

Tony Kershaw/SWNS

Defined benefit pension schemes were not on the verge of collapse before the Bank of England’s gilt market intervention, the Pensions Regulator’s chief executive Charles Counsell has said.