A mere 19 per cent of people said the Pensions Regulator’s draft policy on the use of its new criminal powers is “adequately clear”, while 65 per cent said they feared it could prompt companies to ditch their pension arrangements, leaving the regulator with much to do to win back industry trust.
Govt should boost CDC pensions to rebalance consumer risk
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April 22, 2021
The Institute and Faculty of Actuaries has proposed a number of measures to tackle the so-called ‘great risk transfer’, among which is a call on the government to emphasise the benefits of collective defined contribution schemes as an alternative to traditional DC pension arrangements.
Engagement drives progress to ‘net-zero’
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April 22, 2021
On the go: Engagement has been key to embedding sustainability across investment strategies, and driving progress towards a “net-zero by 2050 target”, according to a new report from Kempen Capital Management.
Traditional trustee board model unfit for ‘purpose’
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April 22, 2021
On the go: The traditional trustee board model has been branded “unfit for purpose”, as recent events have shown the importance of reacting quickly to changing circumstances.
Industry calls again for clarity as TPR criminal consultation closes
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April 21, 2021
The pensions industry has once again united in its calls for clarity as a consultation into the scope and application of the Pensions Regulator’s new criminal powers comes to a close.
MPs quiz prospective TPR chair over conflicts of interest
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April 21, 2021
The Work and Pensions Committee has questioned the leading candidate to take over as chair of the Pensions Regulator regarding potential conflicts of interest.
Melrose to cut GKN pension deficit with asset sale
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April 20, 2021
On the go: Industrial company Melrose is to further its commitment to cutting the GKN pension deficit by pledging an additional £100m of money raised from the sale of one of its subsidiaries.
Environment Agency to go net-zero, LGPS pool backs ESG framework
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April 20, 2021
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Environment Agency Pension Fund targeting net-zero carbon emissions, and the Border to Coast pool supporting a framework for standards in alternative assets.
Schemes to spend £1.5bn on GMP equalisation past transfer top-ups
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April 19, 2021
New research from Buck suggests the bill for equalising guaranteed minimum pension benefits in past defined benefit scheme transfers continues to grow, with at least £1.5bn needed for schemes to top up these historic transactions.
Cloud-based data recovery service wins industry praise
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April 18, 2021
A new cloud-based service promising independent data backup facilities for pension schemes has won praise from industry experts, who hailed it as an “innovative solution” to the rare but worrisome prospect of administrator failure.