Latest articles from Maria Espadinha

Claim companies chasing discriminated civil servants

Members of the Local Government Pension Scheme who are affected by the McCloud discrimination judgment are “being actively encouraged” to lodge a claim against the government.

PPF’s Hampshire legal challenge to be decided in May

News On the Go

On the go: The legal challenge against the solutions implemented by the Pension Protection Fund in the Hampshire case will be heard by the High Court in May.

Covid-19: Markets bounce back; bulk annuity prices drop

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While the FTSE 100 registered the biggest one-day gain since 2008, bulk annuities seem to be significantly more affordable than they were before. At the same time, alternative assets have not seen the biggest impact yet. Read our round-up of pensions and finance news about the coronavirus outbreak.

McCloud: Civil servants to choose between old and new schemes

News On the Go

On the go: Members of public sector pension schemes who were victims of discrimination will be allowed to choose whether they accrued service in the old or new schemes, the government announced on Wednesday.

Northumberland and Tyne and Wear schemes plan merger

The government is planning to merge the Northumberland County Council Pension Fund into the Tyne and Wear scheme, in a move that would generate savings of up to 12 per cent a year.

PASA to tackle cyber crime and fraud with new working group

News On the Go

On the go: The Pensions Administration Standards Association has created a cyber crime and fraud working group, aimed at creating standards to better protect pension schemes and their members.

Diversification helps Nest mitigate FTSE slump

News On the Go

On the go: Diversification in Nest’s default funds seems to be paying off, as the government-backed workplace pension scheme has seen a decrease of 17.6 per cent since the beginning of this year, while the FTSE 100 has fallen by 34.3 per cent.

Altmann calls for six-month pension transfer hiatus

News On the Go

On the go: Former pensions minister Ros Altmann is calling for pension transfers to be put on hold for six months, as fund values could be significantly inaccurate due to the current market turmoil.

Could AE contributions be paused amid Covid-19 crisis?

Halting companies’ mandatory pension contributions could form part of government remedies to support businesses during the Covid-19 pandemic, pension specialists have argued, since protecting jobs is as important as saving for retirement.

New guidance for joint GMP rectification and equalisation

News On the Go

On the go: Pension schemes considering combining their guaranteed minimum pension rectification and equalisation projects can now follow new guidance published by the cross-industry GMP Equalisation Working Group.