Latest articles from Benjamin Mercer

Ultra pension scheme set for £100m acquisition windfall

News on the go

On the go: A proposed £2.57bn cash acquisition by Cobham Ultra Acquisitions of Ultra Electronics Holdings will see the defence company’s defined benefit scheme receive an extra £100m in funding.

DWP sets up working group to explore ‘statements season’

News on the go

On the go: The Department for Work and Pensions has established a working group looking at options to develop the ‘statements season’ proposed in its recent simpler annual benefit statements consultation.

Daily Mail pension schemes to benefit from RMS sale

News on the go

On the go: Daily Mail and General Trust pension schemes could stand to benefit from the £1.4bn sale of insurance risk business RMS to Moody’s that is part of a broader restructuring at DMGT.

TPR threats enough to secure fair treatment for hybrid scheme

News on the go

On the go: The Pensions Regulator’s issuance of a warning notice against a scheme sponsor has been sufficient to restore parity between it and other creditors.

Weekly Roundup: GMPlease please please


This week – PASA updates its guidance on GMP equalisation, master trust sector set to hit £461bn by 2029, ombudsman partially upholds a complaint against MyCSP, and DIY strategies are a ‘better way’ to do ESG investing.

Challenges of green regulation should not be underestimated

News on the go

On the go: More than a quarter of defined benefit pension schemes are only aiming for minimum compliance with new rules and regulations around climate change, the challenge of which should not be underestimated, LCP has warned.

Self-employed pension contributions rise despite pandemic impact

News on the go

On the go: Scheme members are paying more into their pensions in 2021 than in 2020, with the largest monthly contributions coming from the self-employed, according to figures from PensionBee.

PASA updates GMP guidance in light of Lloyds 2020 judgment

High court building (teaser)

The Pensions Administration Standards Association has updated its guaranteed minimum pension equalisation to account for the Lloyds 2020 judgment, setting out the role of transferring schemes and receiving plans in individual transfers.

Master trusts to hit £461bn by 2029


Data crunch: The master trust sector is set to become the fastest-growing market segment in workplace DC by 2029, largely thanks to contributions from auto-enrolled members and consolidation of single employer trusts.

Ombudsman criticises civil service pensions administrator


The Pensions Ombudsman has partially upheld a complaint brought against MyCSP, which administers Civil Service Pensions, for causing “significant distress” in its handling of an overpayment case.