Latest articles from Maria Espadinha

Budget 2021: Govt announces investment pension rules reform

News On the Go

On the go: The government will be launching a consultation aimed at supporting the UK economy with pension assets post-Covid, the chancellor announced on Wednesday.

Climate change takes priority in government’s legislation

News On the Go

On the go: The minister for pensions and financial inclusion has laid out a plan for the upcoming secondary legislation following the Pension Schemes Act, giving priority to new climate change rules.

Covenant analysis still missing on schemes’ ESG strategies

Data crunch

Data crunch: Only 19 per cent of schemes are analysing the risk posed by environmental, social and governance factors to their sponsor’s covenant.

MPs to examine savers’ options when accessing pensions

News On the Go

On the go: The Work and Pensions Committee will examine the options available to savers when they come to access their pensions, which is the second part of its inquiry into pension freedoms.

LGPS funds have £10bn invested in fossil fuels

Data crunch

Data crunch: Despite recent initiatives against climate change, Local Government Pension Scheme funds still have £9.7bn invested in fossil fuel companies, according to new research.

Quarter of schemes don’t have adequate cyber crime breach plan

News On the Go

On the go: A quarter of trustees have confessed their scheme does not have an adequate cyber crime breach plan, despite considering cyber crime as a top risk, according to a new report from Crowe.

First UK Bus hikes deficit payments to £33m after TPR intervention

News On the Go

On the go: Intervention by the Pensions Regulator has resulted in First UK Bus increasing deficit repair contributions to its defined benefit scheme from £18m to £33m a year.

Industry calls on HMRC to help solve GMP tax issues

News On the Go

On the go: Although welcoming the new guidance from the Pensions Administration Standards Association on guaranteed minimum pensions equalisation tax issues, industry voices are calling for more collaboration from HM Revenue & Customs as several problems remain unsolved.

Half of schemes planning to move members into master trusts

News On the Go

On the go: The trend of transferring members of defined contribution schemes to master trusts is expected to continue in 2021, with 50 per cent of employers or trustees planning such moves, or at least signpost these schemes as a retirement option for their members.