Latest articles from Tom Higgins

Weekly Roundup: Long arm of the law gets a bigger gavel

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This week: TPR’s criminal powers policy unveiled, Bank of England backs guidance on illiquidity management, PPF levy set to fall, and Uber rolls out its pension scheme

TPR criminal powers policy spurs more industry concern

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The Pensions Regulator has published its policy on how it intends to use upcoming criminal powers to prosecute those who fall foul of new legislation, following widespread industry concern into the scope and extent of the powers.

FCA to introduce ‘synthetic’ Libor to ease rate wind-down

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On the go: The Financial Conduct Authority has announced that some key Libor panels will publish ‘synthetic’ rates to safeguard an “orderly wind-down” of the benchmark interest rates.

PPF levy to fall by £105m in 2022-23

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On the go: The Pension Protection Fund has announced that it expects to collect £415m from its levy payers in 2022-23, a reduction of £105m from the previous year.

Poor engagement hampers asset managers’ ESG commitments

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On the go: Asset managers are not living up to their environmental, social and governance commitments, research from Redington has found, with shortcomings in stewardship and engagement prominent.

TPS exodus continues as schools' trust begins consultation

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On the go: Some 23 independent schools are set to become the latest to leave the Teachers' Pension Scheme after a consultation into leaving the scheme was launched by the Girls’ Day School Trust.

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

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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

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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.