Latest articles from Benjamin Mercer

Pensions dashboards’ 2023 target ‘under threat’

Pensions dashboard (teaser)

The target date of 2023 for the introduction of the pensions dashboards is under threat from a lack of clarity in several key areas, the Society of Pension Professionals has warned.

Half of all DB liabilities paid out or insured by 2030

Bloomberg

Fully half of all UK defined benefit liabilities will either have been paid out to members or insured by the end of the decade, according to analysis by Mercer, as buy-in and buyout values topped £30bn in 2020.

Uber decision poses challenges for master trust sector

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Podcast: For master trusts, onboarding gig economy workers who could be entitled to a pension following the Supreme Court’s Uber verdict is not as simple as it may sound. Hymans Robertson’s Patrick Bloomfield and Victoria Panormo unpack the problem.

£10,000 auto-enrolment threshold ‘should be removed’

News On the Go

On the go: The £10,000 threshold below which people do not qualify for auto-enrolment should be removed to help underserved groups, like women and the self-employed, build up pension wealth, a Trades Union Congress pensions conference heard on Tuesday.

TPR’s new code of practice has ‘major implications’

Dreamstime

The Pensions Regulator’s proposed new code of practice has “major implications” for pension schemes, introducing a raft of new duties and requirements around climate change, stewardship, investment and administration, experts have said.

Schemes have reason to be positive about Chinese equities

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New research by NTree International suggests significant positive sentiment towards Chinese equities, and investment experts have argued that pension schemes should make strategic allocations to mainland Chinese markets.

Pandemic causes £41bn DB deficit bump

News On the Go

On the go: The coronavirus pandemic and attendant national lockdown saw a marked deterioration in defined benefit scheme funding positions, with the overall deficit up £41bn as of March 2020 compared with the same date in the previous year. 

PPF reveals 23% ethnicity pay gap

News On the Go

On the go: The Pension Protection Fund has published its latest ‘Diversity pay gap report’, which reveals it has an ethnicity pay gap of 23 per cent.

Tax ‘super-deduction’ could leave DB schemes short-changed

Bloomberg

A “super-deduction” introduced in the Budget could see less money available to clear pension deficits, experts have warned, as businesses look to take advantage of the tax break.

Asset managers bullish about renewable infrastructure returns

News On the Go

On the go: Institutional investors’ appetite for renewable energy infrastructure remains strong, and asset managers have not reduced return expectations despite an increasingly competitive marketplace, according to a new report by Bfinance.