Two Uber drivers have been deemed workers who are employed by the taxi app, in a tribunal judgment released last week that could set a precedent for the auto-enrolment of gig economy workers.
British Coal's green turn on payslips to net £400,000 a year
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October 31, 2016
The British Coal Staff Superannuation Scheme has opted to stop sending monthly paper payslips to its members from August 2017, saving the fund almost £400,000 a year.
Increased contributions for BA scheme rewarded by investors
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October 31, 2016
The trustees of the New Airways Pension Scheme have agreed a new funding arrangement with sponsor British Airways, a move that saw share prices in BA’s parent company International Airlines Group soar by more than 5 per cent on Wednesday.
Share prices hit by DB deficits could spur fresh derisking drive
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October 27, 2016
Defined benefit pension deficits are dragging down the market capitalisations of FTSE 100 companies, according to a recent study, as investors recognise the difference between disclosed deficits and the cost of securing benefits upon insolvency.
Rising gilt yields: Inflationary worry or time to buy?
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October 24, 2016
Recent weeks have seen 10-year gilt yields reach 1.16 per cent, their highest level in four months, in a sign inflation is creeping up in the UK economy.
NESPF adds DGFs and PE after global equities disappointment
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October 24, 2016
The North East Scotland Pension Fund has taken further steps to diversify its growth portfolio, divesting from underperforming global equities and allocating to a range of private equity houses and diversified growth funds.
Schemes are unprepared for data hacking threat
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October 24, 2016
PLSA Annual Conference 2016: Schemes must look past the immediate threat of pension liberation scams and stress test their systems against other types of fraud, including cyber crime, according to a panel of experts.
Pensions bill boosts mastertrust governance
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October 21, 2016
Mastertrusts will be subject to new restrictions on governance and financial stability, along with penalties for failure to supply adequate information, under rules set out in the pension schemes bill yesterday.
Nortel scheme could avoid PPF after creditor agreement
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October 21, 2016
The trustees of the Nortel UK pension scheme edged closer to repairing its deficit last week as they reached a consensus with other stakeholders and creditors on how to divide their insolvent sponsor’s residual assets.
Kingfisher ups hedging level as scheme slips into surplus
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October 17, 2016
Screwfix and B&Q owner Kingfisher’s defined benefit fund has extended its programme of hedging interest and inflation risk, allowing the scheme to maintain its strong funding level amid a low-yield environment.