On the go: The number of profit warnings issued by UK companies with a defined benefit scheme has increased to 34 in the first half of the year, representing a 70 per cent rise over the same period in 2021. 

On the go: The Mineworkers’ Pension Scheme has announced pension increases aligned with the retail price index for 2022 and 2023, currently running at 11.8 per cent.

On the go: Forty-two per cent of fiduciary managers do not actively influence the voting activities of underlying assets or managers when looking at environmental, social and governance issues, new research has revealed.

Seven defined benefit schemes with £217bn in assets have asked for Work and Pensions committee intervention due to concerns regarding ‘stronger nudge’ requirements, which they believe are not fit for purpose.

On the go: The Department for Work and Pensions has announced a £5mn expansion of the mid-life MOT initiative, but the project is considered to “barely touch the sides” by an industry expert.

On the go: Prospective Pensions Ombudsman Dominic Harris has said he would look to improve customer satisfaction and the backlog that the ombudsman is currently facing, if appointed to the position.

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including new guidance for pension schemes to tackle deforestation, and research showing engagement improved with the Stewardship Code.

One in three employers who offer the minimum auto-enrolment contribution of 3 per cent to their staff are doing so as they believe this is the government “recommendation”, new research has revealed.

On the go: The Pensions Regulator is working to give gig economy workers access to pensions, but “legal complexities and routine challenges from employers” remain a challenge.