Latest articles from Maria Espadinha

Ombudsman: DWP failed to explain GMP downgrade to members

The Department for Work and Pensions failed to properly communicate the detrimental impact that ending contracting out had on increases for individuals with a guaranteed minimum pension, the Parliamentary and Health Service Ombudsman has concluded.

Border to Coast launches £5bn global equity fund

News On the Go

On the go: Border to Coast Pensions Partnership has launched a Global Equity Alpha Fund, with assets worth £5bn spread across four asset managers hired in June.

Woodford debacle wipes out £63m from Kent Council Fund

News On the Go

On the go: The Kent County Council Superannuation Fund has seen the value of its holdings in Woodford Investment Management’s flagship fund fall 24 per cent in six months, wiping out £63m.

Dalriada working with replaced trustee to recoup £14m

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Professional trustees charged with rescuing three pension schemes that flouted investment rules say selling out of prohibited assets may thwart their efforts to recoup more than £14m owed to members.

Govt solution for doctors’ tax bill met with criticism

The government will introduce an emergency measure to pay the tax bills of doctors and consultants in England affected by the tapered annual allowance, but the move has been criticised by experts.

DC trustees eye master trusts for decumulation options

Data crunch: Trustee reluctance to offer in-house drawdown means single-employer defined contribution schemes may look to partner with a master trust to offer decumulation products to members, new analysis shows.

Aegon staff scheme completes £144m buy-in

News On the Go

On the go: The Aegon UK Staff Retirement and Death Benefit Scheme has completed a £144m buy-in with Phoenix Group.

Regulator updates pension transfer guidance for trustees

News On the Go

On the go: Defined benefit trustees will need to contact financial advice firms to check if the adviser listed on members’ transfer documents is employed with them, new guidance from the Pensions Regulator stipulates.

LGPS pension bill to rise 1% with McCloud case

Fears that a legal case over discriminatory pensions could dent the funding of the Local Government Pension Scheme have been partially allayed, after preparations for the plan’s valuation found that liability increases will be limited.

Nursery director admits to avoiding paying pensions to staff

News On the Go

On the go: A pre-school nursery and its main director have pleaded guilty in court to attempting to avoid providing their staff with a workplace pension.