Latest articles from Benjamin Mercer

Profit warnings down but half of DB sponsors remain on life support

Dreamstime

Profit warnings from listed companies with defined benefit schemes have dropped by two-thirds in the past six months, but more than half remain in the insolvency “danger zone”, according to figures from EY.

Police slate ‘deeply unfair’ ramifications of McCloud remedy

Fotoware

Police officers from every federated rank in the UK have written to the chairs of the Police Pension Scheme advisory boards to complain about the “deeply unfair” ramifications of the government’s McCloud remedy.

Row erupts over FirstGroup pension black hole solution

News on the go

On the go: A row has erupted between multinational transportation company FirstGroup and Coast Capital, its largest investor, over the former’s use of proceeds from an asset sale to plug a black hole in its pension fund.

Barnet Pension Fund back on track following change in administrators

Dreamstime

Barnet Council’s pension fund has largely recovered from an era of errors under Capita, with its new administrators overseeing significant improvements in the handling of member data.

Sarah Smart appointed permanent chair at the Pensions Regulator

News on the go

On the go: The Department for Work and Pensions has confirmed the appointment of Sarah Smart as permanent chair of the Pensions Regulator.

FCA to require TCFD reports from providers and asset managers

News on the go

On the go: The Financial Conduct Authority is to consult on the introduction of Task Force on Climate-related Financial Disclosures requirements for schemes it regulates, bringing its regulations into line with those proposed by the Department for Work and Pensions.

UK pension schemes under-allocated to Chinese equities

Fotoware

UK pension schemes’ allocation to China as a percentage of global equities is generally inadequate, but there is no consensus as to how big the allocation should be, according to participants at Camradata’s Investing in China roundtable.

Weekly Roundup: USS is the Hotel California

iStock

This week – USS valuation wrangle continues, FRC reprimands an actuary over misconduct, Sunak urged to ‘level up’ the Mineworkers’ Pension Scheme, and multi-jobbers losing out on £76m in pension contributions.

Nest recommits to closing ethnicity and gender pay gaps

News on the go

On the go: Nest has recommitted itself to closing its ethnicity and gender pay gaps, following the publication of data showing more work is needed to achieve parity.

MPs demand Sunak addresses mineworkers’ scheme issues

News on the go

On the go: The Business, Energy and Industrial Strategy Committee has called on the government to bring its approach to the Mineworkers’ Pension Scheme into line with its “levelling up” agenda, branding the current arrangement “antithetical” to that policy.