Latest articles from Benjamin Mercer

Industry welcomes govt’s new green gilts

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The government is to press ahead with “at least two” green gilt issuances later this year totalling around £15bn, and on Wednesday published its Green Financing Framework setting out its climate and environmental agenda in more detail.

Govt issues response to consultation on strengthening TPR’s powers

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The UK government has issued its response to the Pensions Regulator’s contribution notices and information-gathering powers regulations consultation.

Brunel’s Faith Ward wins environmental finance award

News on the go

On the go: Faith Ward, chief responsible investment officer at Brunel Pension Partnership, has been named environmental finance personality of the year by news and analysis service Environmental Finance for her work making Brunel a “sustainability leader”.

Tapping DC schemes for growth fund raises industry concern

Bloomberg

Chancellor Rishi Sunak is reportedly hoping to draft defined contribution schemes into propping up the government’s proposed Long-Term Assets Fund, though experts have raised concerns about its practicality.

Weekly Roundup: Size very much does matter

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This week – DWP’s attempts to speed up consolidation among small schemes, fears over second pensions transfer scandal, rules over back payment of arrears ‘clarified’, and MP tables bill around GMP conversion.

Govt to reform discount rate and cost-control mechanism

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The government has proposed aligning the discount rate review periods with the valuation cycles of public service pension schemes, and is taking forward reforms to the cost-cap mechanism first proposed by the government actuary.

Treasury ‘ignored advice’ in public sector pension reforms

Podcasts

Podcast: Ian Neale, co-founder of Aries Insight, and Claire Carey, partner at Sackers, discuss a parliamentary report identifying failings in the public sector schemes reform, industry consultation fatigue, and the new Task Force on Climate-related Financial Disclosures reporting requirements.

High Court clarifies rules over pension back payment arrears

High court building (teaser)

The High Court has further clarified the procedure for paying arrears when a member has not claimed a back payment within the usual six-year period, confirming that scheme rules will determine whether trustees have discretion as to whether those benefits have been forfeited.

Rushing DC consolidation could hurt member outcomes

DWP

The Department for Work and Pensions wants to speed up consolidation among schemes with less than £5bn in assets. Although the initiative was broadly welcomed, experts have warned that rushing its implementation could worsen member outcomes.

Industry warns against Treasury ‘tax raid’

Rishi Sunak

Experts from across the pensions industry have warned against a rumoured “tax raid” in the autumn budget.