On the go: The first half of 2020 saw a near 20 per cent increase in the number of bulk annuity transactions under £100m, when compared with the same period last year, according to analysis from Aon.
USS delays scheme valuation
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August 24, 2020
On the go: The Universities Superannuation Scheme has been forced to delay its valuation by two weeks, due to the “urgent and difficult matters relating to A-level results and admissions”.
Covid-19 adds £10bn to inflation woes
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August 21, 2020
As the government’s consultation to make changes to the retail price index draws to a close, the impact of aligning the inflation measure with the consumer price index including housing costs has increased by £10bn due to the pandemic.
TPR to make changes to DB funding ‘fast-track’
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August 21, 2020
Podcast: The Pensions Regulator will make changes to the fast-track approach proposed in its defined benefit funding consultation due to the impact of Covid-19, revealed its executive director of regulatory policy, analysis and advice David Fairs.
Safeway gets clarity on pension equalisation case
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August 19, 2020
On the go: Safeway has reached the end of a pensions legal process that started in 2016, with the Court of Appeal ruling that its defined benefit scheme's normal pension ages were equalised retrospectively, but not for as long as initially predicted.
Siemens completes £530m buy-in with L&G
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August 19, 2020
On the go: Industrial manufacturer Siemens has completed a £530m buy-in for Siemens Benefits Scheme with Legal & General, covering more than 2,000 pensioners.
High Court to clarify if PPF can pay redress to scam victims
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August 18, 2020
The High Court has been asked to clarify whether legislation that created the Fraud Compensation Fund, managed by the board of the Pension Protection Fund, could allow for compensation to victims of pension scams.
TPR conducts internal review after Norton case
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August 13, 2020
On the go: The Pensions Regulator is conducting an internal review to identify if there are lessons to be learnt after the Norton Motorcycles debacle, a case that left members looking to recoup losses in excess of £14m.
PPF offers levy payment assistance for struggling sponsors
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July 9, 2020
On the go: The Pension Protection Fund is waiving the interest charge on its levy payment plan to help schemes or sponsoring employers struggling due to the economic impact of coronavirus.
Volunteer schemes and providers to test pensions dashboards
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July 7, 2020
On the go: The Pensions Dashboards Programme is planning to start extensive testing with individuals, dashboard providers, and volunteer pension providers and schemes, after it publishes a first version of the pensions dashboards data standards this autumn.