Latest articles from Benjamin Mercer

Sarah Smart appointed permanent chair at the Pensions Regulator

News on the go

On the go: The Department for Work and Pensions has confirmed the appointment of Sarah Smart as permanent chair of the Pensions Regulator.

FCA to require TCFD reports from providers and asset managers

News on the go

On the go: The Financial Conduct Authority is to consult on the introduction of Task Force on Climate-related Financial Disclosures requirements for schemes it regulates, bringing its regulations into line with those proposed by the Department for Work and Pensions.

UK pension schemes under-allocated to Chinese equities

Fotoware

UK pension schemes’ allocation to China as a percentage of global equities is generally inadequate, but there is no consensus as to how big the allocation should be, according to participants at Camradata’s Investing in China roundtable.

Weekly Roundup: USS is the Hotel California

iStock

This week – USS valuation wrangle continues, FRC reprimands an actuary over misconduct, Sunak urged to ‘level up’ the Mineworkers’ Pension Scheme, and multi-jobbers losing out on £76m in pension contributions.

Nest recommits to closing ethnicity and gender pay gaps

News on the go

On the go: Nest has recommitted itself to closing its ethnicity and gender pay gaps, following the publication of data showing more work is needed to achieve parity.

MPs demand Sunak addresses mineworkers’ scheme issues

News on the go

On the go: The Business, Energy and Industrial Strategy Committee has called on the government to bring its approach to the Mineworkers’ Pension Scheme into line with its “levelling up” agenda, branding the current arrangement “antithetical” to that policy.

UUK proposes USS governance reform, 20-year moratorium on exits

Cambridge University

Universities UK, the employer group representing 340 Universities Superannuation Scheme members, has raised the prospect of a 20-year moratorium on scheme exits in a bid to show a greater commitment to covenant support.

PASA to launch DC transfers working group

News on the go

On the go: The Pensions Administration and Standards Association announced on Tuesday more details about its forthcoming defined contribution transfers working group, which has the goal to speed up and lower the risk of transfers between trust and contract-based DC schemes.

TPR warns against hasty reactions to Covid-19 mortality figures

iStock

The Pensions Regulator has warned against hasty reactions to the Covid-19 pandemic, saying it is still “early days” in our understanding of how the virus has impacted longevity and life expectancy assumptions.

Illiquids not necessarily the answer for DC

Podcasts

Podcast: Brian Henderson, partner and director of consulting at Mercer, and Shola Salako, professional trustee at Dalriada, discuss alternatives to illiquids in defined contribution pension portfolios, putting the S in ESG, and fixing the problems with chair’s statements.