Latest articles from Benjamin Mercer

Truss hints at doctors’ pension fix

News on the go

On the go: Conservative party leadership candidate Liz Truss has said she will “sort out” the problems with doctors’ pensions in a bid to tackle the staff retention crisis, though she has not yet said how she would go about doing this.

Unite calls for pension protection in Bournemouth Transport deal

News on the go

On the go: The trade union Unite has called on the prospective new owners of Bournemouth Transport to commit to protecting jobs and pensions.

Weekly Roundup: Never mind illiquids, we want pension NFTs

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This week – the FCA consults on proposals to broaden the distribution of LTAFs, Scottish police force sees pensions-based exodus, TPR launches scam crackdown, and Ombudsman awards Mr Y £1,000 for 12 years' missing pension contributions

NHS pension payments delayed as retirements surge 50%

Neil Hall/Reuters

More than a thousand NHS pensioners have seen their pension payments delayed as the NHS Business Services Authority, which administers NHS pensions, struggles to cope with a spike in retirements and resignations.

LGPS board presses new ministers on TCFD timetable

News on the go

On the go: The LGPS Scheme Advisory Board has written to two newly appointed government ministers urging them to commit to a timetable for scheme reform, as fears mount that important consultations could be delayed.

McCloud incentives see hundreds of Scottish police retire early

News on the go

On the go: Incentives introduced as part of the McCloud remedy have led to hundreds of Scottish police officers — many in senior positions — choose to retire early, leading to fears that the force is not sufficiently manned to tackle serious crime.

DLUHC rules out requirement for LGPS to provide life assurance AVCs

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The Department for Levelling Up, Housing and Communities has confirmed there is no regulatory requirement to provide life assurance additional voluntary contributions under the 2013 regulations governing the Local Government Pension Scheme, but said it will consider amending the rules to clarify matters.

Collective defined contribution schemes launch in Great Britain

News on the go

On the go: Providers in Great Britain are now able to apply to launch collective defined contribution schemes, a development hailed by pensions minister Guy Opperman for its potential to “transform the UK pensions landscape”.

Weekly Roundup: Unions are unhappy, TPR solves wormholes


This week – the USS’s latest funding position angers the unions, the DWP’s DB funding consultation says schemes must be in a state of ‘low dependency’ by significant maturity, the PPF set to cover the costs of Fraud Compensation Fund claims, and TPR research shows a quarter of DB schemes are in surplus.

Ball in TPR’s court as DB funding code consultation launches


Podcast: Zedra client director Richard Butcher and Hymans Robertson partner Laura McLaren discuss the next steps for the defined benefit funding code, stronger nudge concerns, and assess the health of pensions post-Maxwell.