Latest articles from Angus Peters

Post Office surplus raises union affordability complaints

Getty

The Post Office section of the Royal Mail Pension Plan remains in surplus, its latest funding update shows, just weeks after it was closed to future accrual amid union consternation.

No changes to Johnston Press equalisation despite missing documents

Bloomberg

A legal dispute involving trustees of the Johnston Press Pension Plan about the equalisation of retirement ages has been put to bed by the Scottish Court of Session, using a quirk of law known as the “presumption of regularity”.

Employee pension preference could brighten the DC picture

Weighting an employee benefits package towards pension contributions can make a role more attractive to high-quality candidates, a new report has found, showing residual interest in retirement saving among the defined contribution generations.

Invensys attempts to reconcile GMPs delayed by HMRC

cover graphic teaser 100417

Slow responses from HM Revenue & Customs are delaying efforts by the Invensys Pension Scheme to reconcile guaranteed minimum pensions, the scheme’s trustees have told members.

Court of Appeal lessens burden on FDR in rule change dispute

High Court

A High Court judgment on the method for increasing pension payments where a power of amendment was improperly applied has been overturned by the Court of Appeal, lessening the burden on the corporate sponsor.

Lawyer survey highlights lack of clearance sought from regulator

Just 21 per cent of pensions and restructuring lawyers normally suggest that clients go through the Pensions Regulator’s clearing process, reflecting a similar decrease in clearance applications submitted.

Arcadia agrees shorter recovery plans as Green feels pressure

Getty Images

Arcadia Group has agreed to increase its scheduled contributions to its two pension schemes, a sign that public pressure and 'naming and shaming' may be having some impact.

Taylor Wimpey builds synthetic equities to tackle volatility

Taylor Wimpey builds synthetic equities to tackle volatility

The pension scheme of housebuilder Taylor Wimpey has undertaken a widespread derisking programme, strengthening existing hedges while converting physical equity investments into a synthetic, volatility-dampening exposure.

Could hybrids solve the pensions adequacy problem?

Bloomberg

What models could have delivered the retirement outcomes Generation X deserves, and could elements of income security rescue future generations at risk of being let down by defined contribution?

Industry unconvinced by MPs' funder of last resort concerns

Getty Images

Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.