Latest articles from Benjamin Mercer

Weekly Roundup: Steward of all Opperman’s creation


This week – Pensions minister preaches the importance of stewardship again, TPR opens investigations into nine DB schemes over funding concerns, scheme deficits stage a recovery, and OECD warns that ageing populations are a bigger problem for pensions than Covid-19.

Govt consults on NHS scheme McCloud remedy

News on the go

On the go: The Department of Health and Social Care has published a consultation into changes to be made to the NHS Pension Schemes to accommodate the McCloud remedy.

TPR opens investigations into 9 DB schemes over funding concerns

News on the go

On the go: The Pensions Regulator has opened investigations into nine defined benefit schemes, following an engagement exercise designed to assess the risk to savers posed by employer covenants impacted by Covid-19.

Ageing a bigger problem for pensions than Covid-19

Krisztian Bocsi/Bloomberg

The impacts of the Covid-19 pandemic on pensions could be relatively short-lived should the global economy continue to recover, but an ageing population presents long-term challenges with no simple solutions, according to a new report from the OECD.

PASA launches dashboards data-matching guidance

News on the go

On the go: The Pensions Administration and Standards Association has published guidance detailing how schemes must compare ‘find requests’ from pensions dashboard users against member records, with data quality determining the choice of approach taken.

PPF Purple Book shows improved DB funding but risks remain


Data crunch: Scheme deficits have recovered by £100bn since the low point of the Covid-19 pandemic, while the Pension Protection Fund liabilities with schemes in assessment are down by more than £4bn, according to the PPF’s Purple Book 2021.

DC schemes could allocate almost half of assets to illiquids

News on the go

On the go: Defined contribution schemes could allocate up to 40 per cent of assets to illiquids for younger members to help improve their outcomes, according to new research from Hymans Robertson.

LGPS urged to divest from ‘Israeli settlement economy’

Israel and Palestine flags

Canadian Professor Michael Lynk, who works with the Office of the High Commissioner for Human Rights, has requested that the Local Government Pension Scheme funds divest from any holding that may be linked to contested Israeli settlements.

Brendan McCafferty appointed as Nest chair

News on the go

On the go: Pensions minister Guy Opperman has announced that Brendan McCafferty has been appointed as chair of the National Employment Savings Trust for a five-year term.

Fifth of businesses are interested in CDC schemes

News on the go

On the go: More than a fifth of businesses are interested in setting up a collective defined contribution scheme for their employees, according to new research from the Association of Consulting Actuaries.