Latest articles from Benjamin Mercer

New pensions act offences have ‘far-reaching consequences’, LCP warns

News On the Go

On the go: New powers granted to the Pensions Regulator by the Pension Schemes Act could see directors, lenders and trustees made criminally liable for their mistakes, LCP has warned.

Flat fees ban is a ‘sticking plaster’ on small pots wound

The Department for Work and Pensions’ proposed ban on flat fees on pots under £100 should be seen as a temporary stopgap, not a permanent solution to the small pots problem, industry figures have warned.

Weekly Roundup: Small pots saved from erosion

Weekly Roundup2 (teaser)

Welcome to Pensions Expert’s roundup of a week that saw the Department for Work and Pensions benefit transitory smokers by banning small pot flat fees.

New DB funding code could be delayed until 2022

Calendar (teaser)

The Pensions Regulator has issued an interim response that experts say could presage meaningful changes to the final version of the defined benefit funding code, which is likely to be delayed until 2022.

DWP to ban flat fees for small pots


The Department for Work and Pensions is to ban the charging of flat fees on pension pots under £100 in an attempt to stop their erosion by charges and administration costs.

Trustees should monitor sponsor longevity when assessing covenant

News On the Go

On the go: Sponsor longevity is a vital part of covenant assessment, requiring professional judgement and a range of strategic tools, according to a new report by the Employer Covenant Practitioners’ Association.

Barclays integrates ESG into £1.3bn sustainable growth fund

News On the Go

On the go: The Barclays Bank UK Retirement Fund has announced the integration of environmental, social and governance factors, as well as climate risk, into its diversified Multi-asset Growth Fund.

Nest to boost private market holdings by 6%

News On the Go

On the go: Nest is to expand its private market holdings from 9 per cent to 15 per cent by March next year, with its investments in illiquids and infrastructure assets expected to exceed a fifth of its £13bn portfolio.

Calls for actuaries to offer strategic advice as schemes target endgame

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?


Welcome to Pensions Expert’s roundup of a week that saw yet another company disappear, leaving a supermassive black hole in its pension scheme.