Latest articles from Benjamin Mercer

Could CDC solve the USS crisis?

Reuters

Collective defined contribution has been touted as a possible long-term solution to the problems of the Universities Superannuation Scheme, but experts and unions are not convinced of its suitability.

Nine in 10 unsure of their pension entitlements

News on the go

On the go: Nine in 10 people are unsure of what pension they are entitled to or whether they are receiving any pension contributions, according to new research from financial services comparison site Money.

Rodda keen to expand AE but remains silent on pensions tax

Fotoware

Shadow pensions minister Matt Rodda has said he is keen on expanding auto-enrolment and called for a negotiated settlement between unions and the Universities Superannuation Scheme, but he would not be drawn on Labour’s plans for pensions taxation during a talk with the Society of Pension Professionals.

£450bn of inflation-linked liabilities remains unmatched

News on the go

On the go: Some £450bn of inflation-linked liabilities belonging to defined benefit schemes remains unmatched due to a shortage of long-dated gilts, according to analysis by Alpha Real Capital.

Weekly Roundup: Even more USS misery

AP Photo

This week – Universities UK tries to dispel 2020 valuation myths, the statements season triggers a war of words, calls for more policy direction on net zero targets, and DWP’s flat fee charging limit is dubbed a nice gesture.

Former TPR director served with summons over Section 75 debacle

News on the go

On the go: Alan Pickering, formerly a non-executive director of the Pensions Regulator and former chair of Plumbing Pensions, has been added to the summons in an employer’s £256,000 claim against the scheme’s trustee over its mishandling of Section 75 debt.

UCU demands a new USS valuation

News on the go

On the go: The University and College Union has published a list of demands of Universities UK, the group representing 340 Universities Superannuation Scheme employers, which it says must be met if strike action this winter is to be avoided.

Opperman not rushing CDC, defends statements season

Bloomberg

Pensions minister Guy Opperman has confirmed there will be no regulations on multi-employer collective defined contribution schemes before the end of next year, set out targets for Pension Wise uptake, and become embroiled in a spat with former pensions minister Sir Steve Webb over the effectiveness of the proposed “statements season”.

Three-quarters of pension savers need more professional advice

News on the go

On the go: Three-quarters of savers lack the confidence to manage their own pensions and need professional advice, according to a survey from NerdWallet.

UUK tries to dispel valuation myths as UCU presses on with strike action

Graduates

Universities UK, the group representing 340 Universities Superannuation Scheme employers, has argued that the rate increases facing USS members would not be alleviated by a new valuation, countering claims made by the University and College Union.