Latest articles from Benjamin Mercer

Arcadia schemes could have enough assets to survive outside PPF

News On the Go

On the go: Arcadia pension scheme members could receive a greater portion of their savings after a string of property and infrastructure sales raised enough capital to bring them out of the Pension Protection Fund.

Schemes should not ‘mindlessly chase’ illiquidity premium

News On the Go

On the go: The chief investment officer of the £19bn Local Pensions Partnership has criticised asset managers promising unrealistic returns from illiquid assets, arguing that they no longer provide the same premium they once did.

Weekly Roundup: Read them and understand them

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This week — the latest on actuarial valuations, increase to the normal minimum pension age, TPR’s pledge of new guidance in light of the Pension Schemes Act, and the government’s surging pension liabilities.

Government reverses course on public sector exit payments

News On the Go

On the go: The government has announced it is to disapply the restriction on public sector exit payments that came into force in November.

Schemes still lagging in fight against cyber crime

News On the Go

On the go: Three in five schemes now have a cyber strategy and 75 per cent of trustees have some degree of training on cyber risks, according to Aon’s most recent cyber scorecard.

Normal minimum pension age set to increase to 57 in 2028

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HM Treasury outlined plans on Thursday confirming the government’s intention to raise the normal minimum pension age from 55 to 57 in April 2028, while devising a “protection regime” that ensures some scheme members retain their current rights.

TPR pledges guidance after royal assent for Pension Schemes Act

News On the Go

On the go: The Pensions Regulator welcomed the Pension Schemes Act receiving royal assent on Thursday, with chief executive Charles Counsell looking forward to the “strong package of measures” it provides and pledging guidance for how they will be used. 

DB schemes to see £1tn of liabilities insured by 2031

News On the Go

On the go: Defined benefit schemes are expected to see £1tn of risk insured by buy-ins, buyouts and longevity swaps by the end of 2031, according to new analysis.

Border to Coast expands green infrastructure investment

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Several pension funds, including the Local Government Pension Scheme pool Border to Coast, have provided the majority of the funding for a new €1.6bn (£1.4bn) renewable energy investment fund launched by Macquarie Infrastructure and Real Assets.

Judicial review could hold up public sector exit payment reform

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The High Court is to hear challenges brought by a number of public sector unions to the £95,000 exit payment cap, after permission for a judicial review was granted late last year.