Latest articles from Maria Espadinha

Profit warnings from DB sponsors jump 38%

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On the go: Profit warnings issued by UK-listed companies with defined benefit pension schemes increased by 38 per cent year on year in the third quarter of 2022.

London Pensions Fund Authority sets net zero targets

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On the go: The £7.6bn London Pensions Fund Authority has launched a plan to target net zero, starting with its listed equities portfolio, aiming to reach the goal by 2040.

Aon warns of 'unintended consequences' from pension campaign

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On the go: Aon has warned that the Pensions Awareness Week campaign could have “unintended consequences” due to the current cost of living crisis.

Lecturers’ USS lawsuit to proceed to the Court of Appeal

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On the go: A lawsuit against Universities Superannuation Scheme directors alleging climate inaction and breaches of duty will be heard by the Court of Appeal.

Academics back strike action over USS ‘pension cuts’

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The Universities and College Union has secured a mandate to strike in 150 universities over member benefit cuts in the Universities Superannuation Scheme.

MPs to question DB schemes’ use of LDI in new inquiry

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On the go: The Work and Pensions Committee has launched an inquiry into the regulation and governance of defined benefit schemes with liability-driven investments.

Bulk annuity transactions reach £12bn in first half of 2022

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On the go: The total volume of buy-in and buyout transactions reached £12bn in the first half of 2022, according to research from Hymans Robertson.

DWP concedes to industry demands on dashboards lead time

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The Department for Work and Pensions has recognised its proposed 90 days pensions dashboards lead time “creates challenges” for schemes and administrators, and will now give providers a six-month notice before the project goes live.

Experts warn DWP rules could lead more schemes to LDI

EPA/Andy Rain

With pension funds still dealing with the current market turmoil, experts point out the government’s proposed rules for defined benefit funding could force schemes into an even lower-risk environment, increasing the need for liability-driven investments.

PPF urges trustees to plan for funding and risk changes

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On the go: The Pension Protection Fund is encouraging trustees to have a contingency plan due to changes in funding and risk profile, despite the PPF 7800 index surplus continuing to rise.