Latest articles from Benjamin Mercer

ABI calls for govt to 'rethink' normal minimum pension age hike

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The Association of British Insurers has called on the government to scrap its “complicated”, “arbitrary” and “confusing” plans to raise the normal minimum pension age “until something fit for purpose” has been developed.

Calls for climate reporting harmony as FCA and DWP rules diverge

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The Financial Conduct Authority’s climate-related disclosure rules for asset managers, life insurers and its regulated pension providers should be brought into line with Department for Work and Pensions regulations to give greater clarity and consistency, the Pensions and Lifetime Savings Association has said.

Kent Pension Fund breaches LGPS regulations

News on the go

On the go: Connection trouble with a third-party pensions administrator’s systems has caused staff productivity at the Kent Pension Fund to suffer, while poor record management by Kent Police led to a breach of Local Government Pension Scheme regulations.

Weekly Roundup: Death and taxes

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This week – TPR unveils ‘notifiable events’ regime, the government introduces a new ‘health and social care’ levy plus dividend tax rise, 60 applicants declined in UK Stewardship Code revamp, and fears guidance ‘stronger nudge’ could cause mayhem.

TPR’s notifiable events regime more impactful than criminal powers


The new regime setting out what type of events trustees and employers are required to notify the Pensions Regulator about will have a greater potential to impact corporate activity than the regulator’s controversial new criminal powers, experts have warned.

Big schemes turn to fiduciary managers during pandemic


Data crunch: The average size of a pension scheme taking on a fiduciary manager rose by around 80 per cent during the Covid-19 pandemic, suggesting the flexibility afforded by the model was particularly attractive in turbulent market conditions, according to research from IC Select.

Public sector schemes wary of TPR’s new code of practice

Financial advice

Public sector schemes should press on with implementing the Pensions Regulator’s new code of practice, Aon has said. However, schemes are concerned about the new rules and have asked for more clarity from the watchdog.

USS pushes ahead with reform proposals despite strike threat


The Universities Superannuation Scheme trustee is to push ahead with a reform package agreed by USS employers, despite threats of strike action from the University and College Union.

Weekly Roundup: Strike three, you’re out!


This week – UCU brands USS strike action “inevitable”, confusion over the government’s draft CDC regulations, PLSA warns over TPR’s climate change reporting guidance, and the Ombudsman partly upholds a complaint against RPMI.

Industry ‘irritation’ with TPR’s code of practice could have been avoided


Podcast: Tim Middleton, director of policy and external affairs at the Pensions Management Institute, and Steven Taylor, partner at LCP, discuss the Pensions Regulator’s new code of practice, collective defined contribution schemes, and flexibility within the defined benefit universe.