A round-up of pensions news published across the FT Group in the past week, from the looming reversal of Italian pension reforms, to Australian pension assets reaching new highs.
Civil service scheme overpaid pensioners by £22m
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March 7, 2018
Pensioners of the Civil Service Pension Scheme have received historic overpayments of £22m and face reduced pensions to correct the mistake.
Healthcare company pleads guilty to misleading TPR
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March 7, 2018
A Birmingham-based healthcare company and its managing director have pleaded guilty to misleading the Pensions Regulator about enrolling staff into a workplace pension, after a whistleblower raised the alarm.
Government commits to 2018 cold-calling ban
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March 6, 2018
The Department for Work and Pensions has committed to banning pensions cold calls by June this year, bowing to pressure from MPs and peers to bring forward its timetable for taking action.
TPR appoints new policy lead
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March 6, 2018
The Pensions Regulator has hired David Fairs as its executive director for regulatory policy, analysis and advice.
Switching to CPI: What should trustees consider?
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March 6, 2018
Video: For many companies with defined benefit pension funds, switching from the retail price index to the consumer price index would significantly decrease their pension liabilities. Duncan Buchanan, partner at law firm Hogan Lovells, and Vicky Paramour, professional trustee at trustee firm Law Debenture, debate what scheme trustees need to consider before agreeing to such a change.
The Weekly Wrap: March 2 edition
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March 2, 2018
A weekly round-up of the pensions news stories published across the FT Group in the past week, from the war of words over the UK's university strikes, to the growing trend for pension funds to issue debt.
Trustees lack info to judge fid man and consultant VfM, finds CMA
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March 1, 2018
Competitive processes are not providing customers with the necessary information to judge the value for money of investment consultants and fiduciary managers, the Competition and Markets Authority has said.
DB deficits continue to decrease but tensions remain
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March 1, 2018
Defined benefit deficits across UK private sector pension schemes have decreased to £105bn from £180bn last year.
Universities minister: Compensate students for UCU pensions strike
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March 1, 2018
Universities minister Sam Gyimah has said universities should compensate students for teaching time lost because of academics' ongoing strike over pensions.