On the go: Local Government Pension Scheme administering authorities and employers are to be given a host of new powers, as well as flexibility on exit payments, the government has announced.
Shots in the dark?
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September 10, 2020
The mounting evidence questioning the value of consultants’ manager research recommendations.
DB pension deficit falls £59bn in August
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September 9, 2020
On the go: The aggregate deficit of the 5,422 defined benefit schemes in the Pension Protection Fund 7800 Index fell by £59bn in August.
USS announces ‘challenging’ valuation consultation
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September 7, 2020
The Universities Superannuation Scheme has launched a consultation with employers over its 2020 valuation, which at worst could present a £17.9bn deficit. But it faces a fight with the Universities and College Union, which said it had no confidence in the “needlessly cautious” approach taken by the USS.
TPR looks to reclaim £250,000 from fraudster
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September 7, 2020
On the go: The Pensions Regulator has announced it is attempting to recoup £250,000 from a convicted fraudster.
Master trusts to face cost challenges in years ahead
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September 3, 2020
The fallout from the Covid-19 pandemic is only the latest in a long line of structural challenges the master trust industry must face in coming years, according to a new report from the Pensions Policy Institute.
Tug of war over pensions clawbacks
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August 12, 2020
Requirements to hand back historic overpayments are pushing some vulnerable members into financial hardship. How can trustees balance care for pensioners with their legal duty to repair old mistakes?
Investors urge companies to tackle modern-day slavery in Gulf
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August 6, 2020
On the go: Brunel Pension Partnership is among a group of investors calling on companies to protect migrant workers in the Gulf, over concerns that job cancellations caused by Covid-19 are forcing them into debt bondage.
DB schemes should beware lockdown ‘inertia’
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August 6, 2020
On the go: Three in four defined benefit schemes say they have taken no material action to change their investment strategies or journey plans as a result of Covid-19, but a new report from LCP warns that “inertia” could prove damaging.
Threat of action by TPR settles sponsor dispute
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August 4, 2020
On the go: The Pensions Regulator has settled a case in which a pension scheme was placed at risk by an organisational restructure, with the threat of action being sufficient to force an agreement.