Latest articles from Angus Peters

GKN scheme closures and debt issuance to combat £1bn deficit

Bloomberg

Engineering firm GKN has closed its UK defined benefit pension schemes to future accrual, and plans to use proceeds from a debt issuance to plug a £1bn deficit on its UK post-retirement obligations.

CMA referral still likely for advisory firms as FCA consultation closes

Bloomberg

Apathy from the investment consulting industry to pro-competition measures suggested by the ‘big three’ firms is set to pave the way for a referral of the industry to the Competition and Markets Authority.

#AskTPR — Your questions for the regulator answered

tpr twitter2

The Pensions Regulator has updated its approach to regulation and the use of its powers in the face of an ever-changing retirement savings landscape — and it is ready to answer your questions.

Now Pensions withdraws from mastertrust assurance list

Now Pensions has removed itself from the Pensions Regulator’s list of schemes that have obtained mastertrust assurance for automatic enrolment, citing historic problems processing client contributions.

Government follows Cridland on state pension age

The government has announced its intentions to implement the recommendations of the Cridland report, bringing the state pension age from 67 to 68 seven years ahead of schedule.

Environment Agency fund in surplus with ESG

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Strong investment returns have lifted the Environment Agency Active Pension Fund into surplus, as it challenged the industry to collaborate to improve uptake of environmental, social and governance-related strategies.

DB white paper will be published in winter

The Department for Work and Pensions will consider giving further “proactive” powers to the Pensions Regulator and examine the case for consolidation, in a long-awaited white paper on defined benefit to be published in the winter.

Default offerings fail to inform savers adequately

More than a third of default fund providers are failing to meet regulatory guidance asking them to clearly state their product’s objective, according to a new report that highlights communications failings in the sector.

Nest unveils sidecar savings trial plans

The research arm of mastertrust Nest is planning to trial a new savings product in 2018, which will split contributions between a pension pot and a “rainy day” fund, in an effort to improve short-term financial health.

Lady Judge: Employees want pensions in benefit package

Source: Bloomberg

Small and medium-sized employers who underestimate the value placed on pension benefits by employees are hindering their ability to attract and retain staff, former Pension Protection Fund chair Lady Barbara Judge has warned.