Latest articles from Maria Espadinha

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.

Recruitment agency fined for avoiding AE duties

News On the Go

On the go: A recruitment agency and its managing director have been ordered to pay £10,890 for avoiding their auto-enrolment duties and misleading the Pensions Regulator by falsely claiming staff had been put into a workplace pension.

Opperman reappointed pensions minister

News On the Go

On the go: Guy Opperman remains as minister for pensions and financial inclusion after being reappointed as MP for Hexham.

TPR approves HSBC master trust

News On the Go

On the go: The HSBC Master Trust has become the first new scheme to be authorised by the Pensions Regulator, bringing the total number of authorised schemes to 38.

IGCs face ‘huge challenges’ with extended oversight remits

The new rules coming into force for independent governance committees – taking oversight of the provider’s policy on environmental, social and governance factors, and guaranteeing the value for money of new investment pathway solutions – have been branded a “huge challenge” by industry experts.

Part-time judges win court case

News On the Go

On the go: Four judges have seen the Supreme Court rule in favour of their appeal to reclaim a pension, in a case that could cost the government £1bn.

PPF includes levy adjustment for GMP equalisation

The Pension Protection Fund will allow companies moving from a profit to a loss – due to the impact of guaranteed minimum pensions equalisation – to request an adjustment in their levy calculations.

ESAB Group scheme completes £255m buy-in

News On the Go

On the go: The ESAB Group Limited Pension & Life Assurance Scheme has completed a £255m buy-in with Rothesay Life.

Top civil servants with pensions worth more than £1m

News On the Go

On the go: The UK’s permanent secretaries – 23 individuals who head up government departments – had an average defined benefit pension worth £1.1m in 2018-19, according to new research from the TaxPayers’ Alliance.

DB schemes still fit for purpose

When Michelle Ostermann came to the UK to work for RPMI Railpen, in the beginning of 2019, she was surprised by the number of closed corporate defined benefit schemes in the UK.