On the go: Border to Coast Pensions Partnership has appointed four specialist managers for its multi-asset credit fund, which will have assets worth £2.7bn.
DWP launches working group to tackle small pots problem
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September 22, 2020
On the go: The Department for Work and Pensions has launched a working group in collaboration with industry to propose solutions to the challenges posed by small pots.
Govt consults on auto-enrolment tests for DB and hybrid schemes
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September 22, 2020
On the go: The Department for Work and Pensions is questioning whether the current alternative tests used by defined benefit and hybrid schemes for auto-enrolment suitability are fit for purpose.
DB pension scheme at centre of bidding war for G4S
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September 18, 2020
On the go: A private equity firm, which saw its £3bn takeover proposal rejected by G4S, has complained that it is not being granted access to the security services company’s defined benefit scheme trustees.
Nest and DWP to analyse Covid-19 impact on self-employed savers
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September 16, 2020
On the go: The government-backed master trust is to examine the financial impact of Covid-19 on self-employed people, with the pandemic delaying its practical tests expected this year.
Calls for govt to rethink auto-enrolment contributions
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September 14, 2020
On the go: Wealth manager Quilter is urging the government to allow low earners who opt out of auto-enrolment to still receive their employer pension contributions.
Redundant local civil servants face pension cut
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September 14, 2020
Public sector members of the Local Government Pension Scheme aged above 55 who are made redundant and want to retire early will face a cut to their benefits, according to new rules proposed by the government.
Marathon scheme completes £610m buy-in with Rothesay Life
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September 1, 2020
On the go: Oil and gas production company RockRose has completed a full £610m buy-in with Rothesay Life for the Marathon Service Limited Pension and Life Assurance Scheme.
PPF levy expected to increase due to Covid-19 impact
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August 26, 2020
As insolvencies ramp up and more defined benefit schemes are expected to end up at the Pension Protection Fund, the lifeboat might need to increase its levy to face a multibillion-pound hit, amid several other solutions, analysis from LCP shows.
Hitachi completes £275m buy-in with L&G
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August 25, 2020
On the go: The Hitachi UK Pension Scheme has agreed a £275m buy-in transaction with Legal & General that covers the remaining deferred members and retirees, after a similar deal in 2018 with Scottish Widows.