An industry group is proposing a radical change in the actuarial role, suggesting these professionals should step away from a technical specialist position to offer strategic advice, while moving away from triennial valuations.
Weekly Roundup: Have you any wool?
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January 8, 2021
Welcome to Pensions Expert’s roundup of a week that saw yet another company disappear, leaving a supermassive black hole in its pension scheme.
Economic uncertainty, DC consolidation, ESG to mark 2021
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January 7, 2021
Podcast: Marc Hommel, senior pensions adviser at EY-Parthenon, and Sue Pemberton, head of technology and defined contribution consulting at Premier Pensions, give their predictions for the pensions industry in 2021.
Industry needs to do more to combat scams, TPR says
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January 6, 2021
While the Pensions Regulator has pointed the finger at industry saying all parties must do more to tackle the problem of pension scams, members of the Work and Pensions Committee have questioned whether the regulator has itself done enough to help.
Edinburgh Woollen Mill collapse leaves £17.5m pension black hole
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January 5, 2021
Clothing and homeware manufacturer Edinburgh Woollen Mill’s collapse into administration has sparked fears its defined benefit scheme will not recover the £17.5m owed to it.
Trustees cannot outsource responsibility for cyber risk
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January 5, 2021
On the go: Trustees bear ultimate responsibility for managing cyber risk even when they outsource administration to a third party, and must ensure they carry out due diligence, according to a new report.
Plumbing business freed of DB scheme liability
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January 4, 2021
On the go: UK-based heating and plumbing distribution business Wolseley is set to be freed of its defined benefit scheme liability following its acquisition by a private investment company.
Investments in 2021: The year we ‘build back better’?
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December 23, 2020
Three themes that will shape the investment sector in the year ahead.
More work needed to make ESG meaningful
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December 20, 2020
Scarcely a week passes without an announcement of a new environmental, social and governance-oriented venture. But experts warn more needs to be done if onlookers are to be confident that words have meaning.
Weekly roundup: Merchant Navy gets in line as general levy returns
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December 18, 2020
Welcome to Pensions Expert’s roundup of a week that saw the Pensions Regulator throwing its considerable bulk around.