Latest articles from Pensions Expert

Ofwat queried on water companies' DB closure plans

Chair of the Work and Pensions Committee Frank Field has written to Ofwat, the utilities regulator, about proposals by United Utilities and Anglian Water to close their defined benefit schemes while continuing to pay out large amounts to shareholders.

The Weekly Wrap: March 29 edition

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A round-up of the pension news stories published across the FT Group this week, from investors expecting government intervention to ramp up in M&As affecting strategic sectors, to a California state bill proposing that asset managers should disclose their gender and ethnic pay gaps to public sector schemes.

CWU members vote for Royal Mail deal

The Communication Workers Union has announced that its members have overwhelmingly voted in favour of a deal with Royal Mail over pensions and pay.

Nortel reaches PPF-plus after nine years of 'scorched earth'

The UK Nortel Pension Scheme has retrieved enough assets from the insolvency of its communications giant parent to buy out benefits at a level above that guaranteed by the Pension Protection Fund.

Mastertrust draft code sets out TPR expectations

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Video: The Pensions Regulator will support mastertrusts with a new code, which is subject to consultation, setting out what will be required under the new regime due to come into force in October. Kim Brown, head of master trust authorisation and supervision, explains what the regulator will be expecting mastertrusts to demonstrate.

Industry welcomes FCA transfer advice rules

The Financial Conduct Authority has published new rules on pension transfer advice following its research that showed a high proportion of advice was not suitable. It is also seeking views on contingent charging among others. The industry has welcomed the additional clarity provided in this area.

Do savers want CDC?

Podcast: As the government edges closer towards allowing the introduction of collective defined contribution schemes, Kevin Wesbroom, senior partner at consultancy Aon, and Will Aitken, director at consultancy Deloitte, go head to head over CDC.