Latest articles from Benjamin Mercer

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. 

DB schemes to see £1tn of liabilities insured by 2031

News On the Go

On the go: Defined benefit schemes are expected to see £1tn of risk insured by buy-ins, buyouts and longevity swaps by the end of 2031, according to new analysis.

Border to Coast expands green infrastructure investment

Getty Images

Several pension funds, including the Local Government Pension Scheme pool Border to Coast, have provided the majority of the funding for a new €1.6bn (£1.4bn) renewable energy investment fund launched by Macquarie Infrastructure and Real Assets.

Judicial review could hold up public sector exit payment reform

Royal Courts of Justice

The High Court is to hear challenges brought by a number of public sector unions to the £95,000 exit payment cap, after permission for a judicial review was granted late last year.

USS extends Capita administration contract

News On the Go

On the go: Capita Pensions has been awarded a five-year contract extension by the Universities Superannuation Scheme to deliver pension system and administration support.

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

News On the Go

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.