Latest articles from Maria Espadinha

Nest Invest gets green light from FCA

News On the Go

On the go: Nest Invest, the investment subsidiary created by the master trust alongside its move into private credit, has been authorised by the Financial Conduct Authority.

Providers divided on mandatory simpler annual statements

Workplace providers such as Smart Pension and PensionBee are supporting the government’s intention to introduce a standardised annual statement, with calls for legislation if take-up from schemes does not increase.

Titanic shipyard scheme enters PPF assessment

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On the go: Harland and Wolff Pension Scheme, the Belfast shipyard that built the Titanic, has entered an assessment period at the Pension Protection Fund after the company went into administration.

Opperman promises ‘refined’ Pension Schemes Bill

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On the go: The Pension Schemes Bill has been included in the Queen’s Speech delivered on Thursday, with pensions minister Guy Opperman stating it will be a refined version from the previous document.

PPF only needs to hike benefits if member faces poverty risk

The European Court of Justice ruling on the Bauer has been described as a “welcome relief” for the Pension Protection Fund, as the lifeboat will only have to up member benefits if the individual is living below the at-risk-of-poverty threshold.

Large employers to face higher PPF levy in 2021

News On the Go

On the go: The Pension Protection Fund is proposing changes to its levy risk assessment model, which will result in increased charges for larger employers.

Thousands of firefighters to return to pre-2015 pensions

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On the go: An employment tribunal ruled on Wednesday that more than 6,000 firefighters are entitled to return to pre-2015 public sector schemes, following similar decisions for other affected civil servant groups.

Nest considers 1.5C target for climate change fund

Data crunch: The government-backed workplace provider Nest is testing ways to adopt a 1.5C goal for its Climate Aware Fund, to better reflect the “quickly evolving nature of climate change risk” and its impact on members’ investments.

DB schemes pursuing riskier investments, TPR warns

News On the Go

On the go: Some defined benefit schemes are are pursuing more risky investment strategies that seek extra returns, which could be damaging in the event of adverse economic shocks, the Pensions Regulator warned.

Electricity Supply scheme completes £805m pensioner buy-in

News On the Go

On the go: The Electricity North West Group of the Electricity Supply Pension Scheme has completed a £805m pensioner buy-in with Scottish Widows.