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The Friday Takeaway
Each week, Pensions Expert editor Nick Reeve rounds up the latest news and analysis from across the website and the industry. Sign up now to receive the latest blogs straight to your inbox on a Friday afternoon, and to receive our twice-weekly news bulletin.
From the editor's desk
The Friday Takeaway: The importance of good guidance
Pensions Expert editor Nick Reeve opines on the new rulebook for guided retirement, with the assistance of an honorary newshound and trainee guide dog.
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Latest news from Pensions Expert
TPR to gain oversight of administrators as government brings in minimum standards
TPR is to get formal oversight of pension scheme administrators as part of the government’s plans to improve governance, according to documents published by the DWP this week.
Bulk annuities latest: M&G insures chemical company scheme in ‘BPA Plus’ deal
Plus: Royal London, Legal & General and Utmost announce buy-ins, while Utmost is set to be rebranded as JAB Pensions following a takeover.
Employers seeking to offload schemes to free up board time, research shows
Two-thirds of UK DB pension schemes are now in surplus as of their most recent triennial valuation, prompting employers to reassess long-term endgame options.
TPR: Don’t wait to prepare for emerging regulations, trustees urged
Speaking at the Pensions Expert Annual Conference this week, TPR’s Richard Knox said the direction of policy was clear enough for pension schemes and trustee boards to begin preparing for major changes.
Gender pension gap narrows but third of women still face retirement poverty
Women’s projected retirement incomes have reached their highest level since 2023, but Scottish Widows has warned that many remain at risk of financial hardship in later life.
Industry welcomes fiduciary duty consultation to bring clarity to investment decisions
The guidance does not add to existing law or change the nature of fiduciary duty, but is designed to clear up uncertainties about how to take into account different financially material factors.
Actuarial regulator reviews projection rules as DC landscape shifts
The Financial Reporting Council has launched a review into how pension illustrations are calculated to reflect new legislation, including guided retirement.
Industry debates role of CDC in post-retirement as draft plan emerges
Pensions minister Torsten Bell says expansion of CDC rules “can help more people benefit from a pension that provides security, simplicity and support throughout later life”.