Latest articles from Maria Espadinha

Warning over TPR’s guidance on delayed transfer deadlines

News On the Go

On the go: The Pensions Regulator has released guidance warning that trustees need to comply with the six-month transfer deadline even if the member is invested in a gated fund.

Aegon commits to have DC default funds carbon zero by 2050

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On the go: Aegon intends to achieve net-zero carbon emissions across its defined contribution default pension fund ranges by 2050, in response to the threat posed by climate change.

Schemes and managers join forces to improve stewardship

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On the go: The Investment Association and the Pensions and Lifetime Savings Association have launched a steering group to examine how stewardship can be better integrated into the investment process.

Opperman guarantees none of TPR’s new powers will be retrospective

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On the go: The minister for pensions and financial inclusion has guaranteed that the Pensions Regulator’s new criminal sanctions and information-gathering powers will not be applied retrospectively.

DB deficits ‘relatively stable’ with £7.6bn hike in December

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On the go: The aggregate deficit of the 5,318 defined benefit schemes in the Pension Protection Fund 7800 Index grew by £7.6bn in December.

LGPS funds call on HSBC to reduce fossil fund assets exposure

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On the go: Brunel Pension Partnership, Islington Pension Fund and Merseyside Pension Fund are three of the 15 institutional investors that have filed a climate change resolution at HSBC.

UK charities paid £686m in management fees in 2020

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On the go: UK charities spent £686m on investment management fees and advice during 2020, according to analysis from Tribe Impact Capital.

LGPS Central launches emerging market debt fund

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On the go: The Local Pension Government Scheme partnership has launched a £630m Global Active Emerging Market Bond Fund. 

FTSE 350 pension deficit nearly doubles due to Brexit and Covid

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On the go: The accounting deficit of defined benefit schemes for the UK’s 350 largest listed companies finished the year at £70bn, almost double the deficit of £40bn at the end of 2019, according to Mercer’s Pensions Risk Survey.

Bulk annuities growth dependent on ‘jumbo’ deals and consolidators

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On the go: While the UK bulk annuity market is expected to continue to thrive in 2021, its significant growth will depend on ‘jumbo’ deals and on the development of the consolidators’ market, according to Aon.