Latest articles from Maria Espadinha

Unions challenge govt delay to public scheme valuations

Two trade unions are seeking permission to launch a judicial review of the government’s decision to delay benefit top-ups due to members under the cost floor arrangement in public sector pension schemes.

AIB scheme pioneers alternative derisking solution

The AIB Group UK Pension Scheme has entered into a £250m insurance contract to hedge the investment risk associated with a portion of its liabilities, becoming the first defined benefit plan to undertake an alternative derisking solution.

DB deficit increases over January

News On the Go

On the go: The aggregate deficit of the 5,422 defined benefit schemes in the Pension Protection Fund 7800 Index rose by £63.8bn in January.

ESG amendments to give govt ‘unprecedented new powers’

The Pensions and Lifetime Savings Association has warned that government bodies will have “unprecedented new powers” to interfere in pension scheme investment strategies if an amendment to the pension schemes bill is passed.

TPR promises more regulatory action on ESG

News On the Go

On the go: The Pensions Regulator has promised more action on pension schemes’ environmental, social and governance practices, rejecting accusations that it is a laggard in this area among UK regulators.

Webb urges experts to lobby Lords for pension schemes bill changes

News On the Go

On the go: Former pensions minister Sir Steve Webb has urged pension specialists to lobby the House of Lords for changes in the pensions schemes bill, warning that it will pass through the House of Commons unchanged.

TPR to test trustees’ knowledge in bid to improve governance

The Pensions Regulator plans to conduct checks on trustees’ knowledge to assure governance standards in the industry, and has promised to consider appropriate action where they fall below expectations.

Pension schemes make limited allowances for RPI changes

News On the Go

On the go: Large pension schemes are not expecting a great impact from proposed changes to the retail price index, with limited allowances included in their sponsors’ 2019 accounts, according to Willis Towers Watson.

Industry questions regulators misalignment on chair statements

Analysis: Industry experts have questioned why regulators have taken different approaches when it comes to the disclosure of funds costs and charges in chair statements.

High Court rules against pension indexation change

News On the Go

On the go: An IT company has seen the High Court dismiss a request to change the indexation used to uprate benefits in its final salary scheme to the consumer price index.