On the go: Morrisons’ shareholders have been advised to vote against executive pension payouts, as they are not aligned with the majority of the retailer’s workforce.
Firefighters considering pension compensation claims
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May 29, 2020
On the go: The Fire Brigades Union is looking at potential compensation claims for its members in public sector pension schemes who were victims of age discrimination.
HMRC to issue GMP final ‘outdated’ data cuts in July
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May 28, 2020
HM Revenue & Customs plans to provide defined benefit schemes with final guaranteed minimum pension data cuts by the end of July, despite confirming that some of this information might be out of date and unreliable for use in rectifying incorrect payments.
John Lewis agrees six-year DB deficit payment plan
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May 27, 2020
On the go: John Lewis Partnership and the trustees of its pension scheme have agreed to a six-year deficit recovery plan.
LGPS prepared for lower investment return in 2020
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May 27, 2020
On the go: While the Local Government Pension Scheme had a return of 6.2 per cent in 2019, its advisory board is monitoring the current market turmoil closely and is prepared for a downturn in 2020.
PPF: DWP is ‘key’ for Bauer solution
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May 26, 2020
On the go: The Pension Protection Fund hopes to use Department for Work and Pensions data to help it implement tricky increases required by the landmark Bauer judgment, according to Sara Protheroe, chief customer officer at the PPF.
PPF beats 2022 target for online transactions
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May 25, 2020
The Pension Protection Fund has shifted the majority of its member transactions occurring online, beating its target set for 2022, as the lifeboat adapts its services to cater for a large influx of members.
First 14 professional trustees become fully accredited
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May 22, 2020
On the go: Some 14 professional trustees have become fully accredited under the Association of Professional Pension Trustees framework.
New insolvency laws could impact healthy DB schemes
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May 22, 2020
On the go: New insolvency laws introduced in parliament, designed to prevent companies being forced to file for bankruptcy due to the Covid-19 crisis, could cause new hurdles for defined benefit schemes, a law firm has warned.
Willis Towers Watson’s merger with Aon faces US lawsuit
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May 22, 2020
On the go: Willis Towers Watson is facing a shareholder class action in the US due to its planned merger with Aon, which would create a worldwide insurance broker worth $80bn (£65.5bn).