Latest articles from Tom Higgins

Is social policy essential for schemes to promote change?


Integrating environmental, social and governance credentials into pensions has become increasingly common, yet deciding whether schemes should adopt a specific policy on social matters has become a point of contention.

Royal Mail finalises CDC contribution rates

News on the go

On the go: The Royal Mail’s new collective defined contribution plan will have a fixed employer contribution of 13.6 per cent, as well as a standard employee contribution of 6 per cent, the group confirmed on Thursday.

PPI: Governance should be focus of UK value-for-money framework


Lessons on how to successfully integrate robust governance procedures in providing value for money in UK pensions must be taken from overseas, the Pensions Policy Institute has said.

Poor understanding of ‘company beliefs’ may hamper endgame plans

News on the go

On the go: Defined benefit scheme endgame plans are threatened by a lack of understanding about “company beliefs”, according to Hymans Robertson, warning that trustees must ensure such beliefs are aligned with strategic pensions choices.

Universities to face strike action over USS pensions dispute


Fifty-eight universities will be hit with three days of strike action in December after University and College Union members backed industrial action over pension cuts, pay and working conditions.

Women face £185,000 gender pensions gap

News on the go

On the go: Women will need to save an average of £185,000 more during their working life to enjoy the same retirement income as men, according to new research by Scottish Widows.

USS points members to LifeSight master trust for drawdown services

News on the go

On the go: The trustee of Universities Superannuation Scheme has decided to signpost its members to LifeSight – Willis Towers Watson’s defined contribution master trust – for drawdown provision.

UN goals can act as guide for schemes making societal impact


The UN’s Sustainable Development Goals list 17 ambitions to improve the lives of people globally, spanning matters of poverty, equality, environmentalism and health. Much of the focus of the SDGs is on the developing world, yet lessons can be taken from the ambitions and used to improve the lives of people in the UK.

One in three schemes set climate risk reduction targets

ESG spotlight

ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with an ACA survey finding that a third of pension schemes have already set targets to reduce climate risk, and asset management fees falling in some ESG and impact strategy types.

Mitchells & Butlers trustees win ‘significant’ inflation court case

iStock/Royalty Free

A decades-old rule change to the Mitchells & Butlers Pension Plan that shifted the authority in deciding pensions indexation should be rectified, a high court judge has ruled, in what has been described as “one of the most significant pension rectification cases in recent years”.