On the go: Defined benefit consolidator the Pension SuperFund has announced the addition of two further trustees to its board.
APS trustees given go ahead to use scheme assets to fund appeal
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January 15, 2019
On the go: Trustees of the Airways Pension Scheme have been given permission to use scheme assets to fund an appeal to the Supreme Court over APS discretionary increase litigation.
Health secretary in talks with chancellor over pensions tax relief
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January 15, 2019
On the go: Matt Hancock, the secretary of state for health and social care, is in discussions with the chancellor over the issue of pensions tax relief and the impact it has on GP retention.
The Weekly Wrap: January 12 edition
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January 11, 2019
A round-up of the pensions industry stories published across the FT Group – from a pension lawsuit over student loan misdeeds, to Aussie supers and regulators slammed for failing members.
Accounts manager admits workplace pensions cover-up
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January 10, 2019
On the go: A Bradford-based accounts manager lied to investigators to try to hide the fact that restaurants had not given their employees workplace pensions.
PIC invests further £125m in University of Exeter
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January 10, 2019
On the go: Pension Insurance Corporation has completed an additional £125m investment with University Partnerships Programme, allowing UPP to design, build, fund and operate affordable accommodation for the University of Exeter.
DB funding slips lower over December
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January 10, 2019
On the go: Surplus in the UK's defined benefit pension schemes evaporated over December, according to a funding measure used by the Pension Protection Fund.
A closer look at DB consolidation
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January 9, 2019
Podcast: Last month, the government published a consultation on the consolidation of defined benefit pension schemes. What is the outlook for DB superfunds? And what should trustees consider if they are thinking about switching from a sponsor covenant to a consolidator covenant? In this episode, Alex Hutton-Mills, managing director at Lincoln Pensions, and Paul McGlone, president of the Society of Pension Professionals, discuss the consultation and whether early adopter nerves are holding back inflows to the new DB consolidators.
Select committee launches inquiry into contingent charging
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January 7, 2019
On the go: The Work and Pensions Committee has launched an inquiry into contingent charges for defined benefit transfer advice.
FTSE 350 pension deficit increased by 28% in 2018
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January 7, 2019
On the go: The deficit of defined benefit pension funds for the UK’s 350 largest listed businesses rose to £41bn at the end of 2018, from £32bn at the end of 2017 – an increase of 28 per cent, according to Mercer.