HM Treasury’s consultation on reducing the money purchase annual allowance will close on Wednesday, drawing fierce criticism that the policy lacks data to back up its introduction and could unfairly hurt savers.
LGPS unmarried couples discrimination unlawful, Supreme Court rules
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February 9, 2017
The Supreme Court has ruled that regulations requiring unmarried Local Government Pension Scheme members to nominate a cohabiting partner in order for them to receive a survivor’s pension contravenes the European Convention on Human Rights.
Managers improving stewardship disclosure, but ESG has a way to go
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February 8, 2017
Quality of stewardship reports among asset management firms is steadily improving, according to the Financial Reporting Council, but some managers continue to dismiss environmental, social and governance issues.
Thames Ambulance dispute puts comms in the spotlight
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February 6, 2017
A bitter dispute has broken out between Thames Ambulance Service and the GMB union over contributions to two pension schemes, with members feeling confused as to the security of their benefits.
Hollis: Bring invisible women into AE system
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February 1, 2017
The UK’s pension system is failing “invisible women” who do not meet the auto-enrolment earnings threshold and are punished for leaving work to care for children, Labour peer Patricia Hollis has warned.
Isle of Wight's outperformance vindicates active management
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January 30, 2017
The Isle of Wight Pension Fund’s funding level jumped from 78 per cent to 92 per cent over three years, posting returns that reignite the debate over active and passive fund management.
Calls for greater trustee powers as advisers fail to consider scam risks
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January 27, 2017
Government and regulators have been urged to strengthen the powers of trustee boards in opposing suspicious transfer requests, as an alert from the Financial Conduct Authority warned that some advisers are not carrying out proper due diligence on receiving scheme investments.
Concerns over Lisa mis-selling remain as consultation closes
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January 25, 2017
The Financial Conduct Authority’s consultation on rules for selling lifetime Isas will close on Wednesday, amid continued industry concern that the draft regulation will not do enough to stop inappropriate choice of products.
How to choose a professional trustee for your scheme
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January 19, 2017
Any other business: A regulatory burden that has proved too much even for some professional trustees and a challenging investment environment mean running a scheme has arguably never been harder. So should schemes appoint professional trustees, and what qualities do they need to look for?
Increase caps add to rules lottery amid inflation spike
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January 18, 2017
The consumer price index spiked by almost half a per cent in the year to December 2016, narrowing the ‘rules lottery’ gap between the official inflation measure and the retail price index.