On the go: The support for collective defined contribution schemes is growing within the pensions industry, with 48 per cent of employers saying they would consider offering a CDC pension to their DC scheme members at retirement.
LCP warns private sector DB dying faster than realised
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April 23, 2021
On the go: New research from consultancy LCP has found that with private sector defined benefit schemes closing more rapidly than realised, the incomes of newly retired workers are set to fall at a much more dramatic rate in the coming decades than had previously been thought.
Aegon calls on HM Treasury to allow individuals to retain rights
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April 22, 2021
On the go: With a consultation on raising the normal minimum pension age to 57 from 55 closing this week, Aegon has called on HM Treasury to allow all individuals who transfer to another scheme to retain existing rights to take benefits from age 55.
APPT urges auditors to formalise data requests
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April 22, 2021
On the go: The Association of Professional Pension Trustees has written to the Institute of Chartered Accountants in England and Wales to express membership concerns about the amount of time and resource required to respond to enquiries about pension schemes from the auditors of scheme sponsors.
Treasury committee calls for ESG regulations for smaller schemes
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April 21, 2021
On the go: The Treasury committee published on Thursday a unanimously agreed report as part of its decarbonisation and green finance inquiry, which calls for environmental, social and governance regulations for smaller schemes.
Almost £2m lost to pension fraud so far in 2021
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April 20, 2021
On the go: Action Fraud is warning savers to remain vigilant and protect their pensions, as new research from the national reporting centre for fraud and cyber crime reveals that £1.8m has already been lost to pension fraud in 2021.
Calls for govt to introduce sidecar savings into auto-enrolment
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April 19, 2021
On the go: A group of Conservative party members have called on the government to introduce a sidecar savings mechanism into the existing auto-enrolment policy.
Nest to invest £3bn into infrastructure equity
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April 18, 2021
On the go: Master trust Nest has appointed CBRE Caledon and GLIL Infrastructure to invest £3bn into infrastructure equity by the end of the decade.
Most savers expect companies in their pension to pay living wage
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April 14, 2021
On the go: A third of savers (33 per cent) would prefer their pension provider to divest from companies that do not pay the living wage, rather than engage with them to drive better behaviour, according to research from PensionBee.
Ombudsman sides with Pilots’ trustee on accrual rate changes
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April 13, 2021
The Pensions Ombudsman has sided with the trustee of the Pilots’ National Pension Fund in its move to change the scheme’s benefits accrual rate, noting that the decision was reached “following a reasonable decision-making process”.