Local Government Pension Scheme administrators face potential legal challenges, after a new cap on exit payments from public sector schemes contradicting existing regulations came into force on Wednesday.
Proposed RI bill would force trustees to consider members’ ‘best interests’
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November 5, 2020
The leader of the Liberal Democrats supports a proposed responsible investment bill broadening the concept of fiduciary duty to encompass sustainability concerns and aim for a ‘world worth retiring into’.
Second lockdown presents added uncertainty for pension schemes
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November 3, 2020
After August’s worse-than-expected GDP figures and the announcement of yet more anti-Covid measures appeared finally to put to rest hopes of a V-shaped recovery, experts ponder the impact of a second lockdown on pension schemes.
SNP MPs table amendments to tackle Section 75 conundrum
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October 30, 2020
On the go: Four Scottish National party MPs have tabled an amendment to the pension schemes bill in a bid to solve the problem of Section 75 debt falling due on small, unincorporated employers.
Nest outlines small steps to close ‘gender pensions gap’
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October 29, 2020
On the go: Opting in to a pension scheme at 18, understanding if the employer matches the worker’s contributions, and adding as little as an extra £2.50 a week to the pension pot are all ways of closing the gender pensions gap, according to a report from Nest.
Greenwashing poses obstacle for would-be sustainable investors
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October 29, 2020
On the go: Sixty per cent of investors say greenwashing is an obstacle to their sustainable investment intentions, while active engagement is one of the key ways asset managers drive sustainable change, according to a report by Schroders.
Calls for retirement estimates to be dropped from first dashboards
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October 28, 2020
Pension schemes and administrators have requested that the first version of the pensions dashboards run without the inclusion of estimated retirement income data, due to the lack of data and standards for these calculations.
Covid leaves Northern Ireland Water deficit recovery in rough sea
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October 27, 2020
Northern Ireland Water could have to pay an additional £4.6m a year in deficit repair contributions to its scheme, but uncertainty about how Covid-19 has impacted its investment and ongoing negotiations with trustees makes it hard to gauge its recovery plan.
Two-thirds of DB sponsors issue 2020 profit warnings
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October 26, 2020
On the go: Almost two-thirds (61 per cent) of listed companies sponsoring defined benefit schemes have issued profit warnings in 2020, according to analysis by EY.
The three-step plan to fix the NHS pension scheme
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October 23, 2020
Podcast: Peter Glancy, head of policy development at Scottish Widows, and Helen Morrissey, corporate PR specialist at Royal London, discuss a solution for the administration issues at the NHS Pension Scheme and the idea of using pensions as deposits for first-time buyers.