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Weekly Roundup: I’m on McCloud nine

High court building (teaser)

This week — High Court dismisses police officers’ McCloud review, calls for the government to rethink planned pension age increases, Nest closes its redundant — and confusing — Pre-retirement Fund, and Zedra acquires trustee services and governance provider PTL.

DC focus must ‘fundamentally shift’ from costs to value in 2022

Podcasts

Podcast: Darren Philp, director of policy and communication at Smart Pension, and Mike Ambery, partner at Hymans Robertson, discuss the defined contribution outlook, expanding auto-enrolment, and reforming Solvency II.

Access pool criticised by LGPS board over policy failings

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Investment pool Access has earned the ire of the Local Government Pension Scheme Advisory Board, having failed to implement a policy on member representation that was decided in 2017.

High Court rebuffs police officers’ McCloud judicial review

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The High Court has rejected a judicial review claim brought by the Police Superintendents’ Association against the government’s McCloud consultation, despite finding legal errors in the process.

Société Générale transfers scheme to Aegon Master Trust

News on the go

On the go: Société Générale has announced the bulk transfer of its trust-based scheme into the Aegon Master Trust, a move it says will “enhance the savings journey” of 4,500 members.

Parliament moves to ban flat fees on small pots

News on the go

On the go: Regulations have been laid before parliament that will see flat fees banned for pots of under £100, which the government hopes will benefit hundreds of thousands of savers.

LGPS seeks UN clarity on Israel investment comments

News on the go

On the go: The Local Government Pension Committee and the Local Authority Pension Fund Forum are to arrange a call with UN special rapporteur Michael Lynk, seeking clarity over his comments on investments in contested Israeli settlements.

Corporate services company acquires trustee firm PTL

News on the go

On the go: Zedra, a corporate services and fund solutions company, is expanding its UK pensions offering with the acquisition of trustee firm and governance provider PTL.

Industry suggests improvements to climate reporting requirements

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Industry experts have broadly welcomed proposals from the Department for Work and Pensions to introduce a suite of new climate and investment reporting requirements, but cautioned that there are still improvements to be made.

Police officers reiterate McCloud criticisms in consultation response

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A campaign group representing police officers dissatisfied with the government’s handling of the 2015 public sector pension reforms have reiterated their complaints in response to the McCloud consultation, calling for the changes to be reversed.