Latest articles from Benjamin Mercer

‘Challenging’ 2020 forces 80% of DB schemes to reassess portfolios

News On the Go

On the go: Eighty per cent of defined benefit pension schemes plan to reassess their investment portfolios after the events of 2020 put returns in doubt, according to research by the Pensions Management Institute and River and Mercantile.

Clarity on dashboards, but delays taint Pension Schemes Act

The government fought off opposition amendments to the Pension Schemes Act in the House of Lords on Tuesday, keeping its dashboards options open — but experts have warned that many of the act’s more substantive changes could be delayed until 2022.

Biden and EU to act as ESG ‘catalyst’ for UK schemes

Joe Biden (teaser)

The confluence of Joe Biden’s inauguration as US president this week and a new raft of rules from the EU in March will serve as a catalyst for the development of environmental, social and governance standards, experts have said.

New pensions act offences have ‘far-reaching consequences’, LCP warns

News On the Go

On the go: New powers granted to the Pensions Regulator by the Pension Schemes Act could see directors, lenders and trustees made criminally liable for their mistakes, LCP has warned.

Flat fees ban is a ‘sticking plaster’ on small pots wound

The Department for Work and Pensions’ proposed ban on flat fees on pots under £100 should be seen as a temporary stopgap, not a permanent solution to the small pots problem, industry figures have warned.

Weekly Roundup: Small pots saved from erosion

Weekly Roundup2 (teaser)

Welcome to Pensions Expert’s roundup of a week that saw the Department for Work and Pensions benefit transitory smokers by banning small pot flat fees.

New DB funding code could be delayed until 2022

Calendar (teaser)

The Pensions Regulator has issued an interim response that experts say could presage meaningful changes to the final version of the defined benefit funding code, which is likely to be delayed until 2022.

DWP to ban flat fees for small pots

DWP

The Department for Work and Pensions is to ban the charging of flat fees on pension pots under £100 in an attempt to stop their erosion by charges and administration costs.

Trustees should monitor sponsor longevity when assessing covenant

News On the Go

On the go: Sponsor longevity is a vital part of covenant assessment, requiring professional judgement and a range of strategic tools, according to a new report by the Employer Covenant Practitioners’ Association.

Barclays integrates ESG into £1.3bn sustainable growth fund

News On the Go

On the go: The Barclays Bank UK Retirement Fund has announced the integration of environmental, social and governance factors, as well as climate risk, into its diversified Multi-asset Growth Fund.