Latest articles from Benjamin Mercer

Government ponders solutions to £17bn McCloud problem

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The Treasury has set out two proposals for ending the discrimination between scheme members that resulted from its 2015 public sector pension reforms, with costs of unwinding its scheme changes estimated to cost £17bn.

LGPS faced with huge McCloud admin challenge

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On the go: Local Government Pension Scheme administering authorities urgently need to carry out impact assessments to clarify how many of their members fall under the scope of the McCloud judgment, according to Aon.

USS strikes £300m deal with with affordable housing investors

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The Universities Superannuation Scheme has entered into a £300m 45-year debt facility arrangement with a real estate investment trust to boost shared ownership housing developments.

Trend towards master trusts continues apace

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On the go: The rate at which FTSE 250 companies move to master trusts as their main defined contribution vehicle is set to accelerate over the next two years, according to a new report from Willis Towers Watson.

Market volatility leads to attractive returns in low-risk credit

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On the go: Pension schemes should consider adopting high-quality, low-duration credit strategies such as asset-backed securities as an alternative to traditional bond allocations when looking to derisk their portfolios, according to a new report from Aon.

£4m lost to new forms of large-scale fraud

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On the go: Fraudsters are targeting investors with new, innovative and large-scale scams, according to a report by the Investment Association published today.

Pension schemes bill could have ‘unintended consequences’

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Podcast: The Pensions and Lifetime Savings Association’s LGPS and DB policy lead Tiffany Tsang and Eversheds Sutherland partner Jeremy Goodwin join us to discuss potential “unintended consequences” from the pension schemes bill, fallout from the insolvency bill, and Richard Curtis’s Make My Money Matter campaign.

Covid-19 could lead to 75% hike in deficit repair contributions

Deficit repair contributions may need to increase by 75 per cent if defined benefit schemes are to meet their recovery plan end dates, according to analysis published by the Pensions Regulator.

Nissan workers protest against DB scheme closure

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On the go: Workers at Nissan’s Sunderland plant will stage a socially distanced protest on Saturday against the carmaker’s proposal to close its defined benefit scheme.

Pensions Ombudsman unhappy with FOS overlap

Pensions Ombudsman Anthony Arter believes the current overlap with the Financial Ombudsman Service should be addressed as the current stance is “confusing and not satisfactory”.