Virgin Money has introduced a financial wellbeing portal to help employees think differently about their relationship with their own money, including retirement savings.
MPs probe pension funds on climate risk amid wider ESG push
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March 6, 2018
MPs are probing pension funds on their approach to climate change risk, as experts expect a ‘multi-pronged attack’ to push environmental concerns higher up trustee agendas.
General Medical Council swallows DB closure pill
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March 2, 2018
The General Medical Council is set to close its defined benefit scheme to future accrual from April 1 2018, and is in talks with the trustees regarding additional funding.
Attractiveness of deferred debt arrangement remains to be seen
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February 28, 2018
Employers in multi-employer pension schemes will now be able to delay the requirement to pay an employer debt when they cease accrual in the scheme, but opinions are divided on how attractive this will be.
Could airline black box approach take off in the pensions industry?
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February 22, 2018
A Pensions Institute report published on Wednesday has suggested that emulating the airline industry’s black box thinking approach of systematically analysing mistakes could solve many of the problems facing defined benefit schemes.
Ladbrokes Coral Group shares its trustee board
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February 19, 2018
High street bookmaker Ladbrokes Coral Group has appointed a single trustee board for its pension plans following a company merger, a move experts say can improve efficiency and consistency.
Thales case shines light on power of scheme rules
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February 12, 2018
A High Court case involving Thales and trustees of its pension scheme has concluded it cannot move from the retail price index to the consumer price index for some benefits, highlighting how the wording in a scheme’s rules dictates the measure of inflation that is used.
Regulator publishes British Steel section 89 report
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February 6, 2018
The pensions watchdog has outlined its decision-making process in a regulatory report on the British Steel Pension Scheme, published six months after greenlighting the regulated apportionment arrangement to separate the BSPS from Tata Steel UK.
Govt defeated on 'discriminatory' changes for firefighters and judges
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February 1, 2018
The Employment Appeal Tribunal is returning the firefighters’ discrimination case to the Employment Tribunal and has dismissed the government’s appeal over a similar case in relation to a group of judges.
MPs accuse Carillion of trying to 'wriggle out' of pension obligations
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January 31, 2018
The Work and Pensions Committee has accused Carillion of trying to “wriggle out” of its pension obligations for the past decade, amid calls for stronger laws to prevent future scandals.