All LCP articles – Page 6
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NewsNorthern Bank agrees two buy-ins, Phoenix signs reinsurance deals
Riskwatch: A roundup 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.
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NewsReuters scheme agrees full buy-in with L&G
On the go: The Reuters Supplementary Pension Scheme has agreed a circa £310m full buy-in with Legal & General Assurance Society.
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NewsBudget 2021: Government announces net pay tax relief top-up
Individuals making pension contributions to net pay schemes from 2024-25 will be eligible to claim a top-up, the government has confirmed, while a £71m investment has been earmarked for modernising pensions tax relief administration.
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NewsHealthcare diagnostics scheme completes £130m full buy-in
On the go: The PerkinElmer (UK) Pension Scheme has completed a £130m full buy-in with Phoenix Group subsidiary Standard Life.
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NewsDWP tells schemes to prioritise stewardship
Pension schemes may see the end of stewardship ‘box-ticking’ under new proposals brought forward by the Department for Work and Pensions.
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NewsTPR may leave sponsors ‘guessing’ over potential enforcement action
Sponsors could be “left guessing” as to whether key decisions could lead to enforcement action under new guidelines from the Pensions Regulator, LCP has warned.
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NewsSmall pots mass consolidation poised for 2025-26
Mass-scale consolidation is set to be implemented in 2025-26, the Small Pots Cross-Industry Co-ordination Group has said, but industry experts have voiced concerns over the enormity of the task.
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NewsPensions tax relief ‘cost’ hits £42bn
On the go: The ‘cost’ of pensions tax relief increased by £4.4bn to £41.3bn between 2017-18 and 2019-20, data from HM Revenue & Customs has shown.
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NewsTPR criminal powers policy spurs more industry concern
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.