The British Medical Association poured cold water on the government’s NHS pension consultation on Monday, criticising its proposal of '50:50' accrual as too narrow and calling for the annual and tapered allowance to be scrapped altogether.
Standard Chartered under fire over bumper executive pensions
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July 22, 2019
On the go: The Work and Pensions Committee has demanded answers from Standard Chartered over its pension payouts to executives, escalating the debate over bumper retirement awards at the top of corporate structures.
Lancashire hails portfolio's positive impact on local area
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July 22, 2019
LGPS fund's investment in Preston's economic renaissance has seen unemployment levels drop below national average while returns have beaten benchmarks.
Confined benefits: the pension schemes propping up private prisons
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July 19, 2019
Investment in private security companies has always carried ethical considerations, as highlighted by the wave of anti-Trump divestment in the US. Closer to home, governance risks and the threat of renationalisation have funds rethinking the risk associated with their allocations.
FCA's move to shrink IFA market poses trustee challenges
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July 18, 2019
The Financial Conduct Authority has admitted that its increase to the compensation limit for defined benefit transfers will shrink the financial advice market, strengthening the case for trustees to embed trusted advisers in their schemes.
Swansea to divest £500m after declaring climate emergency
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July 16, 2019
On the go: Swansea’s local authority pension fund is to transition its £500m equity allocation to a low carbon index by the end of July, after the fund’s administering authority declared a climate emergency last month.
Treasury accepts pension reforms were unlawful
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July 16, 2019
On the go: The Treasury accepted that its 2015 public sector pension reforms were unlawful on Monday, with the court judgment likely to cost the department £4bn a year and restrict the next chancellor’s spending.
Regulator hits back over influence on USS valuation
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July 15, 2019
The Pensions Regulator has defended its record over the Universities Superannuation Scheme, after the Work and Pensions Committee questioned the regulator’s role in USS’s contested 2017 valuation.
Sony and Michelin source IFAs to support member decision-making
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July 15, 2019
The shadow of the British Steel Pension Scheme saga looms large over trustee decisions on defined benefit transfers, but there are signs lessons have been learned.
DB funding position improves in June
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July 9, 2019
On the go: The overall funding position of UK defined benefit schemes improved in June, figures released by the Pension Protection Fund on Tuesday showed.