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
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February 18, 2021
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
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February 15, 2021
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.
Pathways are just the first step on a long-term retirement journey
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February 10, 2021
Roundtable: As pension providers start offering investment pathways to their non-advised customers in an attempt to make it easier for individuals to engage with their pension, is this intervention enough to guarantee a secure retirement for savers?
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Half of schemes planning to move members into master trusts
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February 10, 2021
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.
DB deficits fall £21.4bn in January
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February 9, 2021
On the go: The aggregate deficit of the 5,318 defined benefit schemes in the Pension Protection Fund 7800 Index fell by £21.4bn in January.
TPR: Valuations until March 2022 done under current funding regime
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February 8, 2021
Pension schemes with scheme valuations until the end of the first quarter of next year do not need to worry about the Pensions Regulator’s new defined benefit funding code, David Fairs has revealed.
Scottish Widows pledges to reach carbon zero by 2050
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February 8, 2021
On the go: Scottish Widows is the latest pension company to pledge to become carbon neutral by 2050, while calling for action in the industry.
Hundreds of schemes to move to surplus under PPF’s proposals
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February 4, 2021
On the go: Some 261 defined benefit schemes are expected to move from deficit to surplus under new proposals to change actuarial assumptions used by the Pension Protection Fund.
Inquiry launched into LGPS role in ‘just transition’ to net-zero
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February 3, 2021
On the go: The All-Party Parliamentary Group for Local Authority Pension Funds has launched an inquiry to look at how these schemes can help in achieving a just transition to a decarbonised economy.