Latest articles from Maria Espadinha

The People’s Pension introduces ‘criticised’ annual charge

The second-largest master trust in the UK is changing its charging structure and introducing an annual fixed fee, a model that other providers operate but which has been heavily criticised by experts.

Smarterly acquires Salvus Master Trust

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On the go: Fintech savings provider Smarterly has acquired Salvus Master Trust for an undisclosed sum, the first deal to occur in the sector after the introduction of the authorisation regime.

Govt to fund Railways scheme deficit contributions

News On the Go

On the go: Emergency measures introduced by the government – nationalising the railways – mean that taxpayers will be called to fund the Railways Pension Scheme deficit.

Govt revokes general levy increase

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On the go: The government has revoked the new regulations on the general levy, which would see an increase for pension schemes of 10 per cent, due to the Covid-19 crisis.

Arcadia to halt deficit repayment contributions

News On the Go

On the go: Arcadia Group, Philip Green’s retail conglomerate, is planning to defer the deficit recovery contributions agreed with the Pensions Regulator in 2019.

Covid-19: Disruption for DC schemes; social impact woes

While defined contribution trustees are being warned they could be facing more disruption than just investment volatility, institutional investors are calling on companies to mitigate the coronavirus social impact. At the same time, risks of cybersecurity and fraud are on the rise. Read our round-up of pensions and finance news about the coronavirus outbreak.

Claim companies chasing discriminated civil servants

Members of the Local Government Pension Scheme who are affected by the McCloud discrimination judgment are “being actively encouraged” to lodge a claim against the government.

PPF’s Hampshire legal challenge to be decided in May

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On the go: The legal challenge against the solutions implemented by the Pension Protection Fund in the Hampshire case will be heard by the High Court in May.

Covid-19: Markets bounce back; bulk annuity prices drop

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While the FTSE 100 registered the biggest one-day gain since 2008, bulk annuities seem to be significantly more affordable than they were before. At the same time, alternative assets have not seen the biggest impact yet. Read our round-up of pensions and finance news about the coronavirus outbreak.

McCloud: Civil servants to choose between old and new schemes

News On the Go

On the go: Members of public sector pension schemes who were victims of discrimination will be allowed to choose whether they accrued service in the old or new schemes, the government announced on Wednesday.