All LCP articles – Page 5
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NewsPandemic could cut FTSE 100 DB contributions by £5bn
On the go: The wider health effects of the coronavirus pandemic could see FTSE 100 defined benefit scheme sponsors slash longer-term contributions by around £1bn a year, new research has revealed.
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NewsPublic sector savers need to sort LTA protections before April
On the go: Members of public sector schemes are being advised to take action before April to keep their protection against lifetime allowance charges, as part of the McCloud remedy.
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NewsAsset manager consolidation and scheme maturation increase fees
On the go: Investment management fees across some asset classes have moved upwards after years of decline, according to new research.
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NewsGovt could tweak transfer amber flag rules for overseas investments
On the go: The Department for Work and Pensions may amend defined benefit transfer scam rules so that low-risk overseas investments are no longer flagged.
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NewsMP proposes to limit LGPS Israeli boycotts association in new bill
An amendment to the upcoming pensions bill tabled by Conservative MP Robert Jenrick, which is aimed at limiting the Local Government Pension Scheme funds’ association with Israeli boycotts, is not expected to be backed by parliament.
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NewsHigh Court confirms Irish pension exclusion from bankruptcy case
On the go: Former property developer Michael McNamara has been allowed to shield his savings in an Irish pension scheme from creditors after the High Court confirmed its own 2020 ruling.
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NewsLGPS funds question government’s ‘levelling up’ investment target
A handful of Local Government Pension Scheme funds and a former pensions minister are unconvinced by the government’s new requirement for these schemes to set out plans for investing up to 5 per cent of their assets in domestic projects, as trustees’ fiduciary responsibilities could come under threat.
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NewsPPF announces specialist panel to assist with overfunded schemes
On the go: The Pension Protection Fund has appointed Hymans Robertson, LCP, Barnett Waddingham and PwC to provide transaction advice to schemes in assessment that are overfunded on a PPF basis.
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NewsNorthern Bank agrees two buy-ins, Phoenix signs reinsurance deals
Riskwatch: A roundup up of the latest derisking transactions, including Northern Bank Pension Scheme’s two buy-in transactions with Aviva, and Phoenix Group’s two longevity reinsurance transactions with a MetLife subsidiary.
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PodcastsPodcast: Top tips for success at the PIPAs
Podcast: As the Pension and Investment Provider Awards 2022 have opened for submissions, Barnett Waddingham’s Danielle Markham and Teneo’s Simon Kew — two of this year’s judges — give some tips on what applicants can do to maximise their chances of winning. LCP’s Stephen Budge, the architect of an award-winning entry last year, explains his strategy in creating a submission that allowed the consultancy to achieve gold.
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NewsTPR to publish new CDC code before the end of January
The Pensions Regulator will be consulting on a new code of practice for the authorisation and supervision of collective defined contribution pension schemes before the end of January, chief executive Charles Counsell has revealed.
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NewsMPs warn of further state pension errors in scathing report
The Public Accounts Committee is calling for the government’s state pension payment system to be overhauled and underpayments to be treated more seriously, while warning that other errors could still be unidentified.
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NewsActivists demand LGPS divestment from factory farming
Several Local Government Pension Scheme funds have come under pressure from animal rights activists over their exposure to factory farming, facing demands for divestment.
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NewsJust two bulk annuity insurers are signed up to UK Stewardship Code
Only Aviva and Scottish Widows have signed up to the UK Stewardship Code out of the eight bulk annuity insurers, new LCP research has highlighted.
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NewsPension ages need a rethink as life expectancy falls
On the go: The government should rethink its plans to increase the state pension age as life expectancy estimates show a further decline, according to a former pensions minister.
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NewsFormer shadow pensions minister Jack Dromey dies aged 73
On the go: Former shadow pensions minister Jack Dromey, MP for Birmingham Erdington, has died at the age of 73.
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News2022 set to be a bumper year for bulk annuities
On the go: 2022 is set to be a busy year when it comes to derisking and could break the record for the largest transaction, according to a report from LCP.
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NewsVesuvius completes £305m buy-in with PIC
On the go: The Vesuvius Pension Plan has completed a final buy-in with Pension Insurance Corporation, covering £305m of liabilities.
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NewsWebb calls on govt to delay increase in state pension age
On the go: The government’s plans to increase the state pension age from 66 should be delayed because we are not living as long as previously expected, according to research.
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NewsConcerns of ‘capacity crunch’ at Maps as scam rules come into force
On the go: Concerns have been raised about MoneyHelper and the Department for Work and Pensions’ preparedness for a flurry of enquiries when the new anti-scam rules come into force next week.