On the go: As the Department for Work and Pensions closes its consultation on simpler annual benefit statements on Tuesday, investment consultancy Hymans Robertson has called for more time to implement the changes.
Latest articles from Rolhat Zen-Aloush
Four in 10 fail to check state pension forecast before retirement
On the go: Almost four in 10 people failed to check their state pension forecast before retirement, according to new research from retirement specialist Just Group.
Private sector DB and hybrid schemes see rise in DRCs
On the go: The value of gross assets, excluding derivatives of private sector defined benefit and hybrid schemes, fell by 1 per cent between the third and fourth quarters of 2020, according to the Office for National Statistics.
TPR looks to increase diversity on trustee boards
On the go: The Pensions Regulator is implementing a new diversity and inclusion strategy, which has been developed in discussion with the pensions industry, and is expecting schemes to follow suit.
ESG ramps up in importance for trustee boards
On the go: Environmental, social and governance factors are a hot topic for trustees, with 53 per cent of trustee boards considering it an important agenda topic, new research has shown.
Schemes urged to hire independent trustees for better governance
On the go: Pension schemes should appoint an independent professional trustee that can help navigate the increasing complexity and risk involved in day-to-day operations, Willis Towers Watson has advised.
LPPA streamlines admin systems via switch to Civica’s UPM platform
The Local Pensions Partnership Administration is set to switch to a new pensions administration platform, in a move designed to streamline its arrangements and also help tackle future fraud.
Increasing numbers of NHS staff opt out of pension scheme
On the go: The number of NHS staff opting out of the health service’s pension scheme rose by 22 per cent last year.
PMI launches new accreditation regime for lay trustees
On the go: The Pensions Management Institute is launching a new accreditation regime for lay trustees, in a move that follows the launch of an accreditation programme called APTitude for professional trustees last year.
DB pension scam warnings hit 5-month high
On the go: Defined benefit pension scam warnings increased in May to their highest level in five months, according to research from XPS Pensions.