Latest articles from Benjamin Mercer

Regulatory uncertainty puts workforce reform at risk

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Podcast: The apparent contradiction between the Treasury’s new exit payment cap and existing Local Government Pension Scheme regulations risks limiting employers’ ability to restructure their workforce, warns Alison Murray, partner and head of public sector actuarial at Aon. She is joined by Linklaters counsel Anna Taylor, in a conversation also covering a new responsible investment bill and a proposed solution to the Section 75 problem.

TPR issues guidance on protecting schemes from employer distress

New guidance for trustees on protecting their schemes from employer distress stresses the need for robust protections and integrated risk management.

Labour pushes climate change, superfunds, dashboard amendments

Senior Labour party figures including leader Keir Starmer have put their names to a series of amendments to the pension schemes bill, covering climate change targets, superfunds legislation and the pensions dashboards.

Should convicts be disqualified from pensions?

PE Nov2020 cover (teaser)

Former Troubles victims are at the centre of a political row in Northern Ireland over pensions entitlement.

MPs to pressure Opperman into commitment on scam ‘red flags’

Five members of parliament, including the chair of the Work and Pensions Committee, Stephen Timms, have tabled an amendment to the pension schemes bill designed to pressure pensions minister Guy Opperman into clarifying the government’s position on pension scams.

High Court deems rectification law ‘settled’

The High Court has upheld the precedent that pension scheme documents can be overwritten by the courts if trustees can show that changes to them have been made in error.

Scottish Widows to divest £440m from ESG failures

News On the Go

On the go: Scottish Widows is to divest £440m from companies that failed to meets its environmental, social and governance standards.

Data error leads Cornwall Council to overcharge hundreds of employees

Hundreds of workers enrolled in the Cornwall Pension Fund could be due a rebate after an administration error saw Cornwall Council overcharge them for their pension contributions.

Global Pensions Wrap: November edition

Nov 2020 wrap (teaser)

Our monthly roundup of the best international pensions stories published by the FT’s outlets, featuring a war between an Australian pensions minister and the green lobby, an astounding recovery in Taiwan, and an American pension fund spending hundreds of thousands of dollars investigating its former executives.

Most DB schemes do not meet regulator’s fast-track requirements

News On the Go

On the go: Seventy per cent of defined benefit schemes fall short of the Pensions Regulator’s ‘fast-track’ approach as proposed in its new DB funding code, according to analysis from Hymans Robertson.