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
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March 15, 2021
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
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March 15, 2021
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.
FCA rules could hit DB transfer market winners hard
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March 15, 2021
On the go: More than a third (37.5 per cent) of the defined benefit transfer market was advised by just three firms in 2020, as St James’s Place, Royal London and AJ Bell increased their market share “dramatically”, according to a report from LCP.
Weekly Roundup: You will be regulated
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March 12, 2021
This week – TPR’s criminal powers draft policy, Opperman’s plea over scam data, DB schemes back in the black, and the government’s general levy reforms.
TPR’s criminal powers draft policy fails to repeal industry concerns
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March 11, 2021
The Pensions Regulator’s draft guidance on its new criminal powers, published on Thursday, failed to allay fears about the new sanctions, since it will be able to prosecute anyone in connection with an offence and will no longer be bound by limitation periods.
University employers urge USS to reconsider its valuation outcomes
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March 11, 2021
On the go: Universities UK, which represents 340 Universities Superannuation Scheme employers, has written to the trustees of the scheme urging a rethink of its valuation outcomes.
Concerns remain as DWP’s climate change consultation closes
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March 10, 2021
Despite welcoming the government’s proposed measures on climate risk, industry experts have highlighted several outstanding concerns as the new rules need more clarity and risk a “herd mentality when it comes to metrics and targets”.
Fraud Compensation Fund to begin processing cases within 18 months
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March 9, 2021
The Fraud Compensation Fund could begin processing cases through to settlement within 12-18 months, a meeting of the Transparency Task Force was told on Monday.
PPF 7800: Schemes in surplus for first time in two years
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March 9, 2021
On the go: The position of the UK’s 5,318 defined benefit pension schemes moved into surplus for the first time in two years, with improvements in funding positions driven by increased bond yields, according to the PPF 7800 index for February.