On the go: Most fiduciary managers had positive returns in 2020 without needing to change their investment strategies in light of the Covid-19 pandemic, analysis from XPS has shown.

The Department for Work and Pensions is considering introducing a universal charging structure for the default funds in defined contribution schemes. The move was welcomed for the clarity it might give to DC savers, but experts have warned of the problems it would cause master trusts such as Nest.

Russell Group has backed the Universities Superannuation Scheme trustee’s suggested “lower-cost, more flexible” alternative to the existing scheme structure.

The Society of Pension Professionals and the Pensions Management Institute have both criticised the timeframe of the Pensions Regulator’s consultation on its combined code of practice, raising the prospect of its flawed and costly implementation.

This week – TPR unveils its new three-year plan, LGPS hit by 5 per cent drop in asset values, DWP consults on simpler statements for DC schemes, and the government’s new anti-scam measures cause a bit of a stink.

On the go: Gaps in employer records are far and away the biggest data challenge for administrators looking to tackle problems like McCloud, according to a Pensions and Lifetime Savings Association poll.

The Pensions Regulator has published its latest three-year plan, an agenda encompassing everything from pensions security, tackling scams, dashboards, superfunds, and coping with the changing nature of defined contribution pension provision.

On the go: The funding impact of the deferred choice underpin on the Local Government Pension Scheme is expected to be minimal, but the government needs to provide much more information to put minds at ease, according to speakers at the Pensions and Lifetime Savings Association’s Local Authority Conference.

Local Government Pension Scheme assets fell by 4.9 per cent in 2020 to £276bn, but funds saw increases in membership and contribution income, according to the most recent annual report from the LGPS Advisory Board.

On the go: The Association of Consulting Actuaries has argued that fixing the “disjointed” and “fragmented” system that is UK pensions provision is vital if the full potential of pension freedoms is to be unlocked.