Latest articles from Alex Janiaud

Adviser finds errors in nearly 20% of NHS pension records

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An NHS pensions expert has identified mistakes in almost one in five pension records, having spotted misallocated arrears that artificially inflated a member’s pension growth, which would have otherwise triggered a £15,000 annual allowance charge.

Bank of England buys gilts to protect pension funds

Reuters/Maja Smiejkowska

The Bank of England has commenced a round of government bond purchases in an attempt to stabilise markets, after falling government bond prices prompted collateral calls for pension funds.

More than a third of schemes ignore own trustee diversity data

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More than one-third of the pension schemes that collect trustee diversity data have no intention of using it, the Pensions Regulator has found, as it publishes an action plan to boost boards’ diversity and inclusion.

RPI reform judgment stands as High Court refuses appeal

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On the go: The trustees of the BT, Ford and Marks and Spencer schemes have decided not to seek a review of a September High Court judgment in the Court of Appeal, after the High Court struck down their judicial review against the government’s plans to axe the retail price index and refused a permission to appeal.

Union attacks ‘unacceptable’ hike to Railways pension contributions

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The National Union of Rail, Maritime and Transport Workers has warned that changes to the Railways Pension Scheme’s investment strategy, following a Pensions Regulator intervention, would result in an “unaffordable and indeed unacceptable” 7.6 per cent hike in members’ contributions.

DC charge cap performance fees scrapped to spur investment

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Chancellor of the exchequer Kwasi Kwarteng has announced that performance fees will be removed from the charge cap applied to defined contribution schemes, in a bid to spur pension scheme investment in science and technology.

Govt to fix NHS inflation link and mandate pensions recycling

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The government will be correcting pension rules regarding inflation and will mandate NHS trusts to offer pensions recycling by 2023, as part of its bid to prevent punitive pension rules from encouraging workers to leave the NHS.

Only one in 5 fund managers have ‘concrete carbon-reduction plans’

News on the go

On the go: Despite a flurry of commitments by fund managers towards achieving net zero emissions by 2050, only 22 per cent have a solid plan for reducing their carbon output, according to new research.

Employer DC contributions to exceed DB ‘in 5 years’

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On the go: The expected decline of sponsor contributions towards defined benefit pension schemes should see businesses’ defined contribution payments outstrip these within five years, according to new research.

Guy Opperman removed as pensions minister

Guy Opperman

The UK’s longest-serving pensions minister, Guy Opperman, has been removed from his post by new prime minister Liz Truss, after five years in the role.