Latest articles from Benjamin Mercer

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.

MoD to reinstate Armed Forces Scheme member after scam transfer

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The Ministry of Defence will have to reinstate a former member to the Armed Forces Pension Scheme and pay him £2,000 for severe distress and inconvenience, after wrongly allowing him to transfer to the Capita Oak Pension Scheme, a scam that invested in storage pods.

Weekly Roundup: Won’t somebody please auto-enrol the children?

Tolga Akmen

This week – MP proposes to extend auto-enrolment to 18-year-olds and the low paid, Silentnight members denied compensation, and the PMI warns that most savers will be caught out by the pension age rise.

PLSA to expand policy board expertise

News on the go

On the go: The Pensions and Lifetime Savings Association is looking to expand the range of expertise on its policy board and committees, calling on experts from across the industry to apply for roles.

Clarity needed as LGPS pools could be branded fiduciary managers

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A delay to regulations from the Department for Levelling Up, Housing and Communities has meant that Local Government Pension Scheme investment pools have fallen under Competition and Markets Authority rules meant for fiduciary managers.

2022 set to be a bumper year for bulk annuities

News on the go

On the go: 2022 is set to be a busy year when it comes to derisking and could break the record for the largest transaction, according to a report from LCP.

2022: Trustees set to be inundated with ESG work

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With the TCFD requirements due to hit the biggest schemes in October, and the broader requirements of net zero putting a premium on good-quality advice, trustees will have their work cut out for them in 2022.

Disappointment as Silentnight members denied compensation

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On the go: MPs have expressed their disappointment that members of the Silentnight Pension Scheme will not receive any compensation from the £13m fine handed to KPMG for serious misconduct.

Solvency II reform could unlock ‘tens of billions’ in investments

News on the go

On the go: The reform of the EU’s Solvency II requirements would unlock a “Brexit bonus” amounting to “tens of billions” of pounds in long-term infrastructure investment, according to a new report from the Pension Insurance Corporation.

Half of savers lacking interest and engagement with their DB pension

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On the go: Only 49 per cent of defined benefit scheme members are concerned about knowing how much their pension could be worth, according to research from the Pension Protection Fund, which has warned of an “acute lack of understanding” by savers.