Senior Labour party figures including leader Keir Starmer have put their names to a series of amendments to the pension schemes bill, covering climate change targets, superfunds legislation and the pensions dashboards.
Should convicts be disqualified from pensions?
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November 12, 2020
Former Troubles victims are at the centre of a political row in Northern Ireland over pensions entitlement.
MPs to pressure Opperman into commitment on scam ‘red flags’
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November 12, 2020
Five members of parliament, including the chair of the Work and Pensions Committee, Stephen Timms, have tabled an amendment to the pension schemes bill designed to pressure pensions minister Guy Opperman into clarifying the government’s position on pension scams.
High Court deems rectification law ‘settled’
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November 10, 2020
The High Court has upheld the precedent that pension scheme documents can be overwritten by the courts if trustees can show that changes to them have been made in error.
Scottish Widows to divest £440m from ESG failures
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November 9, 2020
On the go: Scottish Widows is to divest £440m from companies that failed to meets its environmental, social and governance standards.
Data error leads Cornwall Council to overcharge hundreds of employees
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November 6, 2020
Hundreds of workers enrolled in the Cornwall Pension Fund could be due a rebate after an administration error saw Cornwall Council overcharge them for their pension contributions.
Global Pensions Wrap: November edition
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November 6, 2020
Our monthly roundup of the best international pensions stories published by the FT’s outlets, featuring a war between an Australian pensions minister and the green lobby, an astounding recovery in Taiwan, and an American pension fund spending hundreds of thousands of dollars investigating its former executives.
Most DB schemes do not meet regulator’s fast-track requirements
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November 6, 2020
On the go: Seventy per cent of defined benefit schemes fall short of the Pensions Regulator’s ‘fast-track’ approach as proposed in its new DB funding code, according to analysis from Hymans Robertson.
LGPS could face legal challenges over new exit payment cap
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November 5, 2020
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’.