Latest articles from Benjamin Mercer

Regulatory burden prompts fears of trustee exodus

News on the go

On the go: Three-quarters of employers fear the trustees of their pension schemes will consider resigning rather than face an “onslaught” of regulatory and legislative change, according to a survey from the Association of Consulting Actuaries.

COP26 sees 12% uptick in net zero commitments

Michaela Rehle/Reuters

More than half (52 per cent) of insurers and 50 per cent of pension funds have committed to making their portfolios net zero by 2050, up 12 per cent from last year, according to a new report from Aviva Investors.

Weekly Roundup: DWP cancels Jack Bauer


This week — UK government considers doing away with ECJ’s Bauer ruling, 58 universities set to face strike action in early December, BMA threatens the government with legal action over McCloud remedy costs, and Mitchells & Butlers trustees win “significant” inflation court case.

McCloud costs dispute could damage members’ morale


Podcast: Hymans Robertson partner Michael Ambery and Quietroom co-founder Mark Scantlebury discuss McCloud, the statements season, and the evolution of member communications.

Government considers overturning PPF’s Bauer ruling


The government is looking to remove the effects of the Bauer ruling, impacting the Pension Protection Fund, from UK law and will introduce primary legislation in the near future, according to a letter sent to various industry stakeholders.

BMA joins firefighters in threatening McCloud legal action

Getty Images

The British Medical Association is the latest public sector body to threaten legal action should the government persist with plans to make its members pay for the cost of the McCloud remedy.

Could CDC solve the USS crisis?

Peter Summers/Reuters

Collective defined contribution has been touted as a possible long-term solution to the problems of the Universities Superannuation Scheme, but experts and unions are not convinced of its suitability.

Nine in 10 unsure of their pension entitlements

News on the go

On the go: Nine in 10 people are unsure of what pension they are entitled to or whether they are receiving any pension contributions, according to new research from financial services comparison site Money.

Rodda keen to expand AE but remains silent on pensions tax


Shadow pensions minister Matt Rodda has said he is keen on expanding auto-enrolment and called for a negotiated settlement between unions and the Universities Superannuation Scheme, but he would not be drawn on Labour’s plans for pensions taxation during a talk with the Society of Pension Professionals.

£450bn of inflation-linked liabilities remains unmatched

News on the go

On the go: Some £450bn of inflation-linked liabilities belonging to defined benefit schemes remains unmatched due to a shortage of long-dated gilts, according to analysis by Alpha Real Capital.