All LCP articles – Page 7
-
NewsPPF levy to fall by £105m in 2022-23
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.
-
NewsGovt proposes GMP revaluation rate of 3.25%
On the go: The Department for Work and Pensions is proposing to lower the guaranteed minimum pension fixed rate revaluation for early leavers by 0.25 percentage points.
-
NewsONS data shows drop in deficit payments as life expectancy flatlines
On the go: New data from the Office for National Statistics has revealed a significant drop in defined benefit scheme deficit repayment contributions, while the impact of the pandemic can now be seen in nationwide life expectancy data.
-
NewsSchemes have over £1tn in assets exposed to ‘significant’ climate risk
On the go: More than £1tn in assets held by UK institutional investors is exposed to significant climate risks, according to research from LCP.
-
NewsDWP rules out appeal on PPF’s compensation cap ruling
On the go: The Pension Protection Fund will soon start making changes to its benefit structure, since the Department for Work and Pensions will not be appealing the Court of Appeal decision which ruled the compensation cap unlawful.
-
NewsState pension: Triple lock earnings link suspended for 1 year
On the go: The government has suspended the wages element of the pensions triple lock to avoid a disproportionate rise in the state pension following the pandemic.
-
NewsNew regulatory rules could put UK dividend recovery at risk
On the go: The pace of dividend recovery for UK companies could be put at risk due to new pension regulatory rules coming into force on October 1, LCP has warned.
-
NewsSavers can have flexibility while staying in DB schemes, says LCP
On the go: Defined benefit members do not need to transfer out of their schemes to be able to gain more flexibility, as this can be achieved through a pensions increase exchange or a bridging pensions option, a new report from LCP claims.
-
NewsTriple lock ‘ticking time bomb’ as earnings grow 8.8%
On the go: Pressure is piling on UK chancellor Rishi Sunak to review the pensions triple lock as average earnings have jumped 8.8 per cent in the latest quarter.
-
NewsPASA updates GMP guidance in light of Lloyds 2020 judgment
The Pensions Administration Standards Association has updated its guaranteed minimum pension equalisation to account for the Lloyds 2020 judgment, setting out the role of transferring schemes and receiving plans in individual transfers.
-
NewsHymans Robertson joins impact investing community
On the go: Hymans Robertson has announced that it has joined the impact investing community, Pensions for Purpose.
-
NewsCorporate bond managers urged to explain climate transition risks
As defined benefit schemes are increasingly expected to replace their equity portfolios with corporate bond holdings in their journey to reach funding targets, pension funds and their asset managers are being urged to carefully assess companies’ attitudes to climate transition risks.
-
NewsBritish American Tobacco secures second buy-in with PIC
On the go: The £4.2bn British American Tobacco UK Pension Fund, has signed an additional buy-in deal with Pension Insurance Corporation, insuring approximately £400m of pensioner liabilities.
-
NewsAlmost a third of tranche 14 schemes in surplus
Detailed analysis of triennial valuations with due dates up to January 2021 has shown that almost one in three defined benefit and hybrid schemes are in surplus, but many pension funds face a headwind due to falling interest rates.
-
NewsProfessional trustee board appointments increase 60%
On the go: The number of schemes appointing professional trustees is on the rise, with almost half of pension fund boards now having such arrangements, which compares with one in five schemes five years ago, according to LCP.
-
NewsLegal & General DB scheme secures £925m derisking transaction
On the go: The Legal & General Group UK Pension and Assurance Fund has completed a £925m assured payment policy transaction with Legal & General Assurance Society.
-
NewsPIE exercises can be a 'win-win' for schemes under current conditions
On the go: Improved regulatory clarity and rising inflation rates could mean now is the time for defined benefit pension schemes to consider offering a pension increase exchange to their members, according to LCP.
-
NewsSavers given opportunity to lock in minimum pension age at 55
The government has given savers a way to avoid the minimum pension age increase in 2028, as new rules will allow individuals to keep their protected pension age if they transfer their pension.
-
News
DB transfers fall as contingent charging ban bites
A combination of lockdown and the contingent charging ban has contributed to a record low rate of pension transfers, according to LCP.
-
NewsCommonwealth Bank of Australia scheme secures full buy-in
On the go: The Commonwealth Bank of Australia (UK) Staff Benefits Scheme has agreed a circa £420m full buy-in with Legal & General Assurance Society.