Latest articles from Benjamin Mercer

CMA to investigate Willis Towers Watson deal

News on the go

On the go: The Competition and Markets Authority has announced an investigation into a planned merger between American insurance brokerage Arthur J Gallagher & Co and Willis Re, Willis Towers Watson’s treaty reinsurance business.

Govt presses ahead on public sector schemes cost-control reform

Bloomberg

The government has announced its intention to push ahead with reform of the cost-control mechanism used in public sector pensions, despite criticism from some in the industry.

Trustees on the hook as ‘high street’ advice market goes into free fall

Financial advice

Trustees are being saddled with the burden of sourcing financial advice for members as the high street advice market goes into free fall, halving in just three years, LCP has said.

CD&R called to reassure MPs over Morrisons takeover

News on the go

On the go: Labour and Liberal Democrats MPs have warned Clayton, Dubilier & Rice that it must make guarantees to workers and rule out asset-stripping as it looks set to complete its £7.1bn Morrisons takeover.

FTSE 100 DB surplus not immune to funding code and inflation shocks

News on the go

On the go: FTSE 100 defined benefit schemes' positions grew again in Q3, with the post-pandemic recovery leaving their combined IAS19 surplus at £50bn. But LCP has warned that inflation, coupled with stricter rules under the new defined benefit funding code, could still do damage.

Isio snaps up Premier Pensions

News on the go

On the go: Isio has announced the acquisition of Premier Pensions, subject to approval by the Financial Conduct Authority.

No way to avoid the indexation ‘rules lottery’ as inflation bites

Podcasts

Podcast: Eversheds Sutherland partner Stuart Earle and Aon partner Lynda Whitney discuss inflation, the botched attempt to raise the normal minimum pension age, and a new value for money framework.

Royal Mail CDC scheme closer to reality as consultation launches

Fotoware

Royal Mail has launched a consultation on its new collective defined contribution scheme, detailing the structure of the new pension fund, which the postal company is aiming to launch in 2022.

Weekly Roundup: The lecturers are revolting

Fotoware

This week – UCU announces strike ballot over USS dispute, National Audit Office reveals DWP has underpaid 134,000 pensioners, insurers urged to protect trustees against GMP claims, and task force bids to boost schemes’ voting powers.

Guidance ‘stronger nudge’ still poses more questions than answers

FCA

Regulators are unclear about how the take-up levels of pensions guidance should look like as a result of the “stronger nudge”, since parts of the proposal have yet to be tested, the Work and Pensions Committee has heard.