Latest articles from Benjamin Mercer

Cash-strapped money printer cuts deficit repair contributions

British banknote printer De La Rue has cut deficit repair payments to its defined benefit pension scheme, contingent on the success of its bid to raise an extra £100m in capital.

Transparency initiative adds new tools following industry support

News On the Go

On the go: The Cost Transparency Initiative has released additional resources and a new set of tools aimed at encouraging more schemes and asset managers to sign up to the standard, following a strong show of support by the industry for the framework it published last year.

Peers push for clarity over insolvency measures

News On the Go

On the go: Members of the House of Lords have pressed the government to provide clarity over the impact of new insolvency laws on pension schemes.

Pensions compliance with furlough tapering ‘horrendously complicated’

The Pensions Regulator’s updated guidance on auto-enrolment and defined contribution schemes is likely to lead to large numbers of mistakes being made, some experts predict, as employers have to grapple with the bifurcated system resulting from the slow death of furlough.

Poor data management keeps ombudsman busy

The Pensions Ombudsman has ruled in favour of a former bank employee in a dispute about the transfer of deferred pension liabilities, in a case reinforcing the impact that poor data management can have for schemes and members.

Covid-19 leads to unexpected interest in bridging pensions

News On the Go

On the go: The coronavirus pandemic has led to an increase in the number of defined benefit scheme members looking to bridging pensions, according to a report by Aon.

Schemes to take a £5bn hit as analysts predict deflation

News On the Go

On the go: Pension schemes already suffering the funding implications of Covid-19 could be facing a further £5bn of pressure, as the prospect of deflation later in the year produces a “ratchet effect”, according to analysis by LCP.

Fiduciary managers outperform during coronavirus crisis

While no one has emerged from the coronavirus crisis unscathed, a number of fiduciary managers have been given cause to brag, as figures show they have outperformed the wider market.

Pandemics, climate change pose ‘systemic risks’ to actuarial work

News On the Go

On the go: Global pandemics and the threat of a climate catastrophe present dire risks to the quality of actuarial work, according to a new report by the Joint Forum on Actuarial Regulation.

Regulator to issue rules for consolidators ‘in the coming weeks’

The Pensions Regulator is shortly to issue interim regulation covering commercial consolidators, Pensions Expert can reveal.