Latest articles from Benjamin Mercer

Poor data management keeps ombudsman busy

The Pensions Ombudsman has ruled in favour of a former bank employee in a dispute about the transfer of deferred pension liabilities, in a case reinforcing the impact that poor data management can have for schemes and members.

Covid-19 leads to unexpected interest in bridging pensions

News On the Go

On the go: The coronavirus pandemic has led to an increase in the number of defined benefit scheme members looking to bridging pensions, according to a report by Aon.

Schemes to take a £5bn hit as analysts predict deflation

News On the Go

On the go: Pension schemes already suffering the funding implications of Covid-19 could be facing a further £5bn of pressure, as the prospect of deflation later in the year produces a “ratchet effect”, according to analysis by LCP.

Fiduciary managers outperform during coronavirus crisis

While no one has emerged from the coronavirus crisis unscathed, a number of fiduciary managers have been given cause to brag, as figures show they have outperformed the wider market.

Pandemics, climate change pose ‘systemic risks’ to actuarial work

News On the Go

On the go: Global pandemics and the threat of a climate catastrophe present dire risks to the quality of actuarial work, according to a new report by the Joint Forum on Actuarial Regulation.

Regulator to issue rules for consolidators ‘in the coming weeks’

The Pensions Regulator is shortly to issue interim regulation covering commercial consolidators, Pensions Expert can reveal.

Charities suffer under the strain of DB scheme deficits

News On the Go

On the go: Three-quarters of charities have defined benefit schemes in deficit, adding extra strain to a sector already hit hard by coronavirus, according to a new report by Hymans Robertson.

Sponsors facing perfect storm as furlough nears its end

Pension schemes and their sponsors face a potential perfect storm of costs as the furlough scheme reaches its endgame, with sponsors in some sectors of the economy facing acute pressure as government support dries up.

'Crystal ball-gazing' makes ethical investment tough for trustees

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Podcast: Irwin Mitchell’s pensions partner Penny Cogher and independent consultant Malcolm McLean join us to discuss innovative endgame deals, new insolvency laws, and some morally dubious LGPS investments. 

Regulator repeats anti-scam warning after £5m lost to fraudsters

News On the Go

On the go: The Pensions Regulator has repeated its warning about scammers after a report revealed more than £5m has been lost to fraud since February.