Latest articles from Benjamin Mercer

Weekly Roundup: Stop getting old

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This week – Annuities make a slow comeback, trustees complain TPR’s new single code is causing them anxiety, regulators decide there should be a ‘consistent and structured’ approach to value for money, and a judge invokes a precedent from 1843 in a lawsuit against the USS.

TPR, FCA to push for ‘consistent and structured’ approach to VfM


The Pensions Regulator and the Financial Conduct Authority are to push for a “consistent and structured” approach in the proposed new value for money framework governing defined contribution schemes, shifting the focus away from costs and towards “long-term value for pension savers”.

Lecturers’ USS lawsuit frustrated by centuries-old precedent

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A lawsuit against Universities Superannuation Scheme directors alleging climate inaction and breaches of duty has failed on a technicality dating back to 1843, though the judge in the case did find that beneficiaries of a pension fund corporation do sometimes have the right to sue directors.

Procurement bill introduces uncertainty for regulated schemes


Government attempts to introduce flexibility to simplified public procurement processes could have an impact on regulated pension schemes, which will have to deal with increased uncertainty as a result.

Disabled savers’ pension wealth is just 36% of UK average

News on the go

On the go: Auto-enrolment is excluding disabled savers, leaving them with pension wealth of just 36 per cent of the average UK saver, according to new research from Now Pensions.

Weekly Roundup: Bosses blank Opperman


This week – Business leaders ignore Opperman’s workplace savings appeal, the NHS sends out almost 3,000 erroneous pension statements, perceptions of the Pensions Regulator’s performance quality deteriorate last year, and Hymans Robertson proposes AE credits for people during career breaks.

Timms lobbies for pensions inclusion in digital legislation

News on the go

On the go: Work and Pensions Committee chair Stephen Timms has written to the minister of state for media, data and digital infrastructure calling for reassurance that the government will consider the issues of pensions advice and guidance as it updates its privacy and electronic communications legislation.

Partial AE reform should be prioritised before long-term fix


Podcast: Sackers partner Helen Ball and Mark Ormston, chair of the Industry Policy Committee at the Pensions Administration Standards Association, discuss auto-enrolment, online safety and the proposed value for money framework.

Railways scheme urges patience as it reviews early retirement

News on the go

On the go: The Railways Pension Scheme is reviewing its early retirement factors and is advising members considering taking early retirement that they should wait until the review is completed before making their decision.

Hymans Robertson calls for AE credits to tackle gender gap


Hymans Robertson has called for the creation of auto-enrolment credits in a bid to tackle the gender pensions gap, which would see the government paying pension contributions for people taking career breaks.