Latest articles from Benjamin Mercer

Weekly Roundup: Can’t take my RPI’s off you


This week – three schemes peeved at the government’s RPI decision, Aon criticises the USS trustee, three charged over multimillion-pound fraud, and the defined benefit scheme surplus soars in March.

Treasury admin fund could help tackle McCloud


Podcast: Ray Martin, director at HS Sole Trustees, and Kim Gubler, chair of the Pensions Administration and Standards Association, discuss TPR’s new climate change agenda, the NAO’s warning about the burdensome McCloud judgment, and a bizarre proposal for a national pension fund.

Actuaries call for simplified pensions tax system

News on the go

On the go: The Association of Consulting Actuaries has leant its voice to those calling for a simplified pensions tax system, but cautioned that any changes must be “realistic, manageable and proportionate”.

TPR takes three suspects to court over multimillion-pound fraud

News On the Go

On the go: Three people appeared in court on Tuesday following an investigation by the Pensions Regulator into a multimillion-pound pension fraud.

Dashboards milestone reached as PDP looks for architecture supplier

News On the Go

On the go: The Pensions Dashboards Programme has issued an invitation to tender for a supplier to provide digital architecture.

Aon criticises USS valuation assumptions as ‘overly prudent’

Financial Times

Aon has criticised the methodology and assumptions underlying the Universities Superannuation Scheme trustee’s response to the USS valuation, accusing it of being overly prudent and failing to properly justify several of its assumptions.

Bridging pension option smooths Rolls-Royce scheme restructure


The introduction of a bridging pension option in the Rolls-Royce UK Pension Fund has helped smooth the transition for its members following a scheme restructure announced in May last year.

Weekly Roundup: Indecent disclosure


This week – TPR unveils its new climate change strategy, UUK’s consultation on the latest USS valuation, more implications of McCloud remedy, and PPF’s plans to raise the fraud compensation levy.

Industrial action threats in response to new USS employer consultation

News On the Go

On the go: The University and College Union has once again hinted that industrial action may be called for after accusing Universities UK of failing to stand up for members.

UUK consults on way out of USS valuation wrangle


Universities UK, the employer group representing 340 Universities Superannuation Scheme employers, has opened a consultation on a range of measures intended to settle the long-running feud over the 2020 USS valuation.