A round-up of pensions news published across the FT Group in the past week, from Waspi's legal woes, to women-led Aussie super beating men for the third year running.
United Utilities faces two-day strike over pensions
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March 16, 2018
About 1,500 United Utilities employees are expected to walk out on Friday and Monday because of the company's plans to change the final salary scheme to a hybrid arrangement.
Canary Wharf govt hub to include ombudsman but not FCA
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March 15, 2018
The Pensions Ombudsman has said it is moving offices from London Victoria to a newly renovated "government hub" in London's financial district Canary Wharf on April 3 this year. This follows a previous announcement by the Financial Conduct Authority that it will move from Canary Wharf to Stratford in north east London this year.
Field urges FCA to cast net wider on transfer advice
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March 15, 2018
The Work and Pensions Committee has urged regulators “to get their houses in order now” to protect pension scheme members from another mis-selling scandal.
Spring Statement 2018: What does it mean for trustees and savers?
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March 14, 2018
Podcast: There were no major pension announcements in this year's Spring Statement. Instead, Chancellor Philip Hammond focused on debt and growth forecasts, emphasising that there was “light at the end of the tunnel”. Lynda Whitney, partner at Aon, and Hugh Nolan, president of the Society of Pension Professionals and director of consultancy Spence & Partners, discuss the statement, and what it means for pension trustees and savers.
New British Steel Pension Scheme meeting size and funding tests
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March 14, 2018
The minimum size and initial funding tests for the New British Steel Pension Scheme have been met, paving the way for the scheme to go ahead later this month.
Striking academics turn down pension offer
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March 13, 2018
The University and College Union has voted to reject proposals agreed by the union and Universities UK over pension pay, meaning lecturers will continue to strike.
Govt creates taskforce to boost private social impact investment
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March 13, 2018
Theresa May has commissioned an industry taskforce on social impact investment, led by vice-chair of Allianz Global Investors Elizabeth Corley.
DB deficits increase in February
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March 13, 2018
Defined benefit deficits across schemes eligible for the Pension Protection Fund have increased to £72.1bn at the close of February 2018, from a deficit of £51bn at the end of January 2018.
UUK and UCU strike pensions deal
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March 12, 2018
Universities UK, which represents employers, and the University and College Union have said they reached an agreement on Monday in the dispute about the closure of academics' defined benefit arrangement.