Providers have welcomed plans to increase regulation of mastertrusts, as the government reveals it intends to bring in legislation for the arrangements “as soon as practically possible”.
Regulation and markets force schemes to step up on governance
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February 24, 2016
Efforts to cope with a combination of market volatility and demographic shift towards an older population are causing pension schemes to re-examine and improve their governance structures, research from State Street this week showed.
High Court ruling ramps up fears over pension liberation
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February 22, 2016
The High Court has ruled against insurer Royal London for blocking a pension transfer where it suspected the receiving fund could be a pensions liberation scheme, prompting industry observers to raise concerns about protections for members, providers and trustees.
FCA discussion paper outlines raft of challenges from ageing population
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February 22, 2016
From the blog: The Financial Conduct Authority has released a discussion paper, 'Ageing population and financial services', aimed at advancing the debate on how the financial services industry can tackle the challenges and opportunities posed by demographic changes.
As people are expected to live longer in retirement, the ways they fund that retirement will also need to change.
Industry concern over government's 'dangerous' ESG proposals
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February 22, 2016
A proposal that would empower the government to intervene in local government pension investment decisions where they contradict British foreign policy has raised concern in the pensions industry.
NHS cash for pensions offer could open loophole
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February 19, 2016
An NHS trust has come under scrutiny for offering nurses cash to opt out of the pension scheme, which experts have said could lead to other employers copying the move.
Looser regulation needed as over-65s shun advice
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February 17, 2016
Looser rules about financial advice could be necessary, as research shows more than half of over-65s have never sought regulated advice.
Royal Mail runs survey as freedoms heighten need for engagement
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February 15, 2016
The Royal Mail Pension Plan is running an online member survey to judge engagement and levels of understanding among its members as freedom and choice makes member decisions even more important.
Employers feel the squeeze of AE
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February 15, 2016
Employers are feeling the cost of providing auto-enrolment far more than scheme members, research from the Chartered Institute of Personnel and Development has shown.
M&S scheme in ample surplus as hedge pays off
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February 15, 2016
The Marks and Spencer Pension Scheme has swung into surplus, thanks to a combination of outperformance of return-seeking assets and full hedging of interest rate risk, the company said last week.