Latest articles from Benjamin Mercer

UK govt pension liabilities surge £1.3tn in 3 years

Data crunch

Data crunch: Figures from the Office for National Statistics show an increase of 22 per cent in liabilities in three years, raising questions about the sustainability of public pension schemes.

RPI reform boosts inflation hedging

On the go: The announced reform of the retail price index, to match the consumer price index including housing costs, saw inflation hedging rise by six per cent quarter on quarter at the end of September 2020.

Weekly Roundup: There can be only one!

Sean Connery (teaser)

This week — the government’s ‘solution’ to McCloud, TPR’s warning on climate change, PPF’s proposals on actuarial valuations, and a U-turn on reforms to the NHS scheme.

Tackling climate change will require a ‘step change’ in governance

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Podcast: Stuart O’Brien, partner at Sackers, and Tegs Harding discuss climate change and responsible investments, another row at the Universities Superannuation Scheme, and the cartelisation of the advisory market.

Govt opts for deferred choice underpin solution to McCloud

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The government has confirmed it will opt for the deferred choice underpin solution to the McCloud problem, which despite being the right choice according to pensions specialists, will open the floodgates of admin woes for public sector schemes.

Nine out of 10 DC savers expect retirement shortfall

On the go: Almost 90 per cent of defined contribution scheme members expect a shortfall in retirement income based on current provision, while almost a quarter of people think they will never be able to retire, according to the latest edition of Aon’s DC member survey.

Master trust competition hots up despite consolidation

Data crunch

Data crunch: The majority of master trusts are targeting defined contribution schemes in a bid to boost their assets under management, leading to heightened competition in a marketplace where there is scepticism about acquiring rivals.

Weekly Roundup: It’s a revolution, comrades!

Windfarm_sunset (teaser)

Welcome to Pensions Expert’s roundup of a week that saw the Department for Work and Pensions publish its horrifically long response to the ‘Taking action on climate risk’ consultation, in which allegedly Conservative minister Guy Opperman promised a “revolution”.

Industry body proposes general levy cap

Pound coins (teaser)

The Society of Pension Professionals has criticised the government’s plans to introduce a 120 per cent general levy hike for defined benefit schemes.

GMP tax guidance expected to land in February

On the go: Guidance from the Pensions Administration Standards Association on the tax implications of guaranteed minimum pensions equalisation is expected to be published next month, according to an update from the body’s dedicated working group.