Latest articles from Benjamin Mercer

Schemes’ industry investments lag behind climate targets

News On the Go

On the go: Pension schemes with investments in heavy industry like steel, cement, aluminium and paper are likely to find them lagging behind the Paris agreement’s targets, with 86 per cent failing to align with a pathway to “2C or below by 2050”.

Most savers unaware of schemes’ climate change endeavours

News On the Go

On the go: Three-fifths of workplace pension members do not know if their scheme is taking any action to combat climate change, according to a survey by the Pensions and Lifetime Savings Association.

Opinion split on Pension Schemes Act implications

Big Ben, parliament

A survey carried out as part of a webinar by law firm Sackers has laid bare a deep divide in the industry over powers afforded by the Pension Schemes Act.

Arcadia schemes could have enough assets to survive outside PPF

News On the Go

On the go: Arcadia pension scheme members could receive a greater portion of their savings after a string of property and infrastructure sales raised enough capital to bring them out of the Pension Protection Fund.

Schemes should not ‘mindlessly chase’ illiquidity premium

News On the Go

On the go: The chief investment officer of the £19bn Local Pensions Partnership has criticised asset managers promising unrealistic returns from illiquid assets, arguing that they no longer provide the same premium they once did.

Weekly Roundup: Read them and understand them

Pensions regulator logo (teaser)

This week — the latest on actuarial valuations, increase to the normal minimum pension age, TPR’s pledge of new guidance in light of the Pension Schemes Act, and the government’s surging pension liabilities.

Government reverses course on public sector exit payments

News On the Go

On the go: The government has announced it is to disapply the restriction on public sector exit payments that came into force in November.

Schemes still lagging in fight against cyber crime

News On the Go

On the go: Three in five schemes now have a cyber strategy and 75 per cent of trustees have some degree of training on cyber risks, according to Aon’s most recent cyber scorecard.

Normal minimum pension age set to increase to 57 in 2028

HM treasury logo (teaser)

HM Treasury outlined plans on Thursday confirming the government’s intention to raise the normal minimum pension age from 55 to 57 in April 2028, while devising a “protection regime” that ensures some scheme members retain their current rights.

TPR pledges guidance after royal assent for Pension Schemes Act

News On the Go

On the go: The Pensions Regulator welcomed the Pension Schemes Act receiving royal assent on Thursday, with chief executive Charles Counsell looking forward to the “strong package of measures” it provides and pledging guidance for how they will be used.