Latest articles from Benjamin Mercer

Traditional trustee board model unfit for ‘purpose’

News on the go

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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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

Sarah Smart

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

News on the go

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

ESG spotlight

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

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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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.

Weekly Roundup: Can’t take my RPI’s off you

Ford

This week – three schemes peeved at the government’s RPI decision, Aon criticises the USS trustee, three charged over multimillion-pound fraud, and the defined benefit scheme surplus soars in March.

Treasury admin fund could help tackle McCloud

Podcasts

Podcast: Ray Martin, director at HS Sole Trustees, and Kim Gubler, chair of the Pensions Administration and Standards Association, discuss TPR’s new climate change agenda, the NAO’s warning about the burdensome McCloud judgment, and a bizarre proposal for a national pension fund.

Actuaries call for simplified pensions tax system

News on the go

On the go: The Association of Consulting Actuaries has leant its voice to those calling for a simplified pensions tax system, but cautioned that any changes must be “realistic, manageable and proportionate”.