Latest articles from Tom Higgins

FTSE 350 DB scheme payments up £45bn after pension freedoms

News on the go

On the go: The introduction of pension freedoms in 2015 has contributed an estimated £45bn of additional benefit payments made by FTSE 350 defined benefit schemes, research from Barnett Waddingham has revealed. 

Guidance needed to boost DC access to illiquid opportunities

John Sibley/Reuters

New guidance on fund-level liquidity management is required to bolster illiquid investing by defined contribution schemes, the Bank of England has said, despite stopping short of recommending an overhaul of daily dealing requirements.

Uber partners with Now Pensions to provide scheme for drivers

News on the go

On the go: Ride-hailing app Uber is to start rolling out a pension scheme to eligible drivers in the UK and has invited its competitors to create a cross-industry scheme.

Real Good Food uses sale proceeds to wipe DB deficit

News on the go

On the go: Liverpool-based cake decoration specialist Real Good Food has used the proceeds from the sale of its snack bar business to “eliminate” its defined benefit scheme deficit.

ONS data shows drop in deficit payments as life expectancy flatlines

News on the go

On the go: New data from the Office for National Statistics has revealed a significant drop in defined benefit scheme deficit repayment contributions, while the impact of the pandemic can now be seen in nationwide life expectancy data.

DC market proves resilient during pandemic but challenges remain


A continuation of positive trends alongside the benefits of auto-enrolment has shaped the defined contribution pensions space over the past year, but complications surrounding the Covid-19 pandemic have brought the need to mitigate future risks to the fore.

Dashboards programme ‘on track’ amid industry concerns

Calendar (teaser)

The pensions dashboards project is expected to remain on track to meet its publicised timeline, the programme’s principal d told a Work and Pensions Committee hearing on Wednesday, amid industry concerns that the existing timeline is not feasible.

Complexities hamper social impact bonds’ true potential

Sport England

Despite the launch of the UK’s sovereign green bond dominating the socially conscious fixed income discourse, there is still room for social impact bonds in schemes’ portfolios.

Better data needed for schemes to tackle modern slavery


As pension schemes struggle with data on modern slavery in global chains, corporate engagement takes the lead in the battle to tackle social issues.

Peers valued for ESG guidance as data concerns hamper reliability


When it comes to guidance on environmental, social and governance matters, pension professionals prefer to rely on their peers instead of asset managers, consultants and industry bodies, as clear messaging is dependant on transparent data, experts say.