As the extent of pension data losses is revealed, what can the industry do to tighten up?
Latest articles from Oliver Telling
As the extent of pension data losses is revealed, what can the industry do to tighten up?
The UK pensions sector suffers more than one data breach every week on average, new figures reveal, with some of the industry’s biggest names failing to protect savers’ sensitive information.
Pressure is growing on trustees targeted by activists and campaigners to ensure funds are being invested ethically – whatever the cost.
On the go: Carlsberg will remain the sole sponsor of its UK defined benefit pension scheme after it is absorbed into a joint venture with fellow beer producer Marston’s.
Data crunch: An already booming market for pensions insurance has received a two-pronged boost from the coronavirus pandemic: the turmoil rippling through the economy is providing schemes with the best ever pricing for buy-in deals, just as the demand for shedding investment risk is at its greatest.
On the go: The Co-operative Pension Scheme has completed a £350m buy-in with Aviva, taking its total transactions this year beyond £2bn, as defined benefit schemes look to capitalise on cheaper deals amid the coronavirus pandemic.
Analysis: As the country anxiously tracks the accumulating death toll from Covid-19, pension trustees will eventually be forced to do a more perverse calculation: how much will the mounting fatalities reduce their funding deficits?
On the go: The Pensions Ombudsman has ruled that Aegon did not fail in its duty of care when allowing a member to transfer his savings to a “bogus employer”, once again emphasising that trustees are not responsible for certain historic cases of fraud.
Analysis: Cyber criminals are now targeting the savings and personal information of thousands of retirees and pension members with unparalleled aggression, experts have warned, as a sector that has historically lagged on digital security is forced to adapt to new technology during lockdown.
On the go: Local council pension schemes can now invest against the government’s foreign policy, after the Supreme Court ruled a ban on politically motivated boycotts was unlawful.
Pensions Expert is owned by DG Publishing Ltd. © 2023 DG Publishing. All rights reserved. No part of these web pages may be reproduced or transmitted to or stored in any other website or any other form of electronic retrieval system, without proper permission.
We use cookies for a number of reasons, such as keeping Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.