Drawdown solutions must be improved to offer pensioners greater certainty that their retirement income will last, a panel of specialists told Pensions Expert last week.
FCA cracks down on transfer advice
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June 8, 2017
Pension consultants have welcomed the Financial Conduct Authority’s adoption of a tough stance on companies advising on defined benefit transfers, calling it a “price worth paying” for member security in retirement.
Webb: Tories 'terrified' of AE contribution hike
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June 7, 2017
The Conservative party is “terrified” to make changes that will safeguard pensions adequacy and enable older savers to leave work when they want, former pensions minister Sir Steve Webb has said.
US withdrawal from Paris accord no threat to ESG investing
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June 6, 2017
US president Donald Trump’s decision to pull out of the Paris climate accord will not affect the UK’s growing implementation of environmental, social and governance criteria on investment strategies, experts have said.
Mums know best: Hogg Robinson mortality study slashes liabilities
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June 5, 2017
B2B services provider Hogg Robinson Group has undertaken a medically underwritten mortality study of its UK pension scheme members, shaving £68.4m off its liabilities.
Willetts: Narrow green paper fails on intergenerational equality
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June 2, 2017
Conservative peer Lord Willetts has spoken out against the scope of the Government’s green paper consultation on defined benefit pensions, criticising its lack of regard for intergenerational fairness.
Governance overhaul required to solve DB woes
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June 1, 2017
An overhaul of trust-based pension schemes to separate trustee ‘directors’ from professional managers could have prevented a crisis in defined benefit pensions, a new report has claimed.
Wincanton runs ETV to drive liabilities down
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May 29, 2017
The Wincanton Pension Scheme has embarked on an enhanced transfer value exercise in an attempt to further cap its obligations, after trivial commutations wiped £3.8m from its liabilities.
No end to liability build-up for charity schemes
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May 26, 2017
Some of the worst-funded not-for-profit scheme sponsors are unable to cease future accrual or limit future membership as defined benefit affordability continues to pose a threat to the sector.
Schemes urged to take action on data security
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May 25, 2017
Pension schemes must use the next 12 months to review and update data protection practices, industry experts have urged, ahead of new rules which could result in huge fines for trustees.