Latest articles from Angus Peters

TPR paves way for three-month DB contribution holiday

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The Pensions Regulator has launched new guidance aimed at helping employers freeze their defined benefit obligations for three months in response to the economic fallout of coronavirus.

Covid-19: Rally continues as BoE sounds gloomy note

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The Bank of England's prediction of a deep recession, and grim news in the US labour market, looked to have cooled the bounce-back in equity markets before a late surge, while new analysis suggests further pain for credit markets if the pandemic worsens, and actuaries call on the Pensions Regulator to do more. Read our round-up of pensions and finance news about the coronavirus outbreak.

MPs’ scheme under fire for dragging feet on climate change

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The pension scheme for MPs is not doing enough to combat the risks posed by climate change, according to a divestment campaign backed by more 360 current and former parliamentarians.

BA schemes agree acquisition and leaseback of Ted Baker HQ

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On the go: The trustees of British Airways’ pension schemes have moved to capitalise on businesses’ need to refinance amid the Covid-19 pandemic, purchasing the London headquarters of struggling fashion retailer Ted Baker.

Plumbers’ scheme braced for legal battles over employer debts

Trustees of the £2bn Plumbing and Mechanical Services (UK) Industry Pension Scheme have asked a Scottish court to let them use plan assets to fund legal battles, after an unnamed participating employer commenced action against the fund.

Deferral of DB contributions ‘may be appropriate’

News On the Go

On the go: New guidance for defined benefit trustees accepts that some employers may need to delay deficit repair contributions due to economic disruption caused by the Covid-19 outbreak, but urges schemes to test employer claims carefully.

Volatility exposes trustees’ slow reaction times

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Volatility playing havoc with defined benefit funding ratios may speed the transition towards fiduciary management and consolidation of final salary schemes, according to governance specialists.

BoE’s return to QE adds to DB woes

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On the go: The Bank of England has cut its base rate to a historic low of 0.1 per cent, while announcing plans to increase its balance sheet of bonds by £200bn.

Global Pensions Wrap: March edition

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From Republican attacks on CalPERS CIO’s ‘cozy’ relationship with China to Sirius investors’ fears over Anglo American takeover. Read our round-up of pensions and finance news from the FT’s global outlets.

Trustee boards display unacceptable lack of diversity

News On the Go

On the go: The Pensions and Lifetime Savings Association has published a guide to improving diversity and inclusion in pensions, amid enduring concerns over groupthink and prejudice in the trust-based system.