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
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June 15, 2020
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
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June 15, 2020
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
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June 12, 2020
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
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June 11, 2020
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’
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June 10, 2020
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
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June 10, 2020
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
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June 9, 2020
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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June 5, 2020
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
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June 5, 2020
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.