Latest articles from Benjamin Mercer

Weekly Roundup: TPR reworks ‘Crime and Punishment’


This week – TPR consolidates punishments for undefined crimes into a single document, schemes weigh up the cost of discretionary pension increases, Nest Insight reveals practically nobody has signed up for its sidecar savings product, and a third of employees want paid-for pensions consultations.

Electricity pensioners launch campaign amid inflation fears


The Association of Electricity Supply Pensioners has launched a campaign to protect the benefits of more than 100,000 members of the Electricity Supply Pension Scheme, amid fears that pension increases that do not match inflation could amount to significant losses.

Uncertainty around inflation leads to ‘casino pensions’


Podcast: Pension Playpen chief executive Steve Goddard is joined by Cardano managing director Emily Goodridge to discuss inflation, technology in pensions, and the future of environmental, social and governance disclosure.

Crisis-driven mortality increase to reduce scheme liabilities

News on the go

On the go: An increase in mortality rates brought about by the coronavirus pandemic, pressures on the healthcare system, and the cost of living crisis could see schemes’ liabilities reduced by around 2 per cent in the coming years, according to analysis from LCP.

TPR aims for transparency in consolidated enforcement powers


The Pensions Regulator has launched a consultation into a new draft enforcement policy document that aims to consolidate existing enforcement policies governing defined benefit, hybrid, public sector and defined contribution pension schemes.

Schemes to weigh up £8bn cost of discretionary increases


Defined benefit schemes in the UK will have to weigh up the significant costs of granting discretionary increases later this year, which could add up to £8bn in liabilities across private sector DB schemes, according to Aon.

Standard Life’s sustainable switch and a new LGPS active fund

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a new sustainable multi-asset profile from Standard Life, a £1bn sustainable global equities fund from LGPS Central, and an anti-scams pledge from the Universities Superannuation Scheme.

Weekly Roundup: Nobody knows anything about anything, any more


This week – TPR’s annual funding statement flags high levels of uncertainty, government rules out call for automatic Pension Wise guidance, master trusts voice fears over people potentially saving too much for retirement, and a union bids to remove HSBC’s claws from its members’ pensions.

Some DB schemes will be subject to ‘stronger nudge’ requirements

News on the go

On the go: Some defined benefit schemes will have to comply with the Department for Work and Pensions’ new “stronger nudge” requirements, due to come into force on June 1, dispelling suggestions that only defined contribution schemes would be affected.

GMP conversion bill receives royal assent

News on the go

On the go: A private members’ bill aimed at clarifying and streamlining the process of guaranteed minimum pensions conversion has received royal assent.