All articles by Maria Espadinha – Page 7
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NewsTPR urges schemes to report suspected scams
On the go: The Pensions Regulator is urging more schemes to share data on suspected scams, after almost 400 schemes have joined its campaign to protect savers.
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PodcastsPodcast: Schemes need to constantly engage with managers to achieve net zero
Podcast: The time when schemes would award mandates and walk away has come to an end, since asset owners now need to have a fairly dynamic relationship with managers to make sure achieving net zero targets is possible, argues Thomas Höhne-Sparborth, head of sustainability research at Lombard Odier Investment Managers. He is joined by Marion Maloney, head of responsible investment and governance at the Environment Agency Pension Fund, to discuss how schemes can put in place and achieve their targets for portfolio decarbonisation.
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NewsDB schemes’ surplus rises by £48bn in December
On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £47.9bn in December.
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NewsNest closes Pre-retirement Fund after wide review
Government-backed master trust Nest has decided to close its Pre-retirement Fund following a review, since the fund was no longer appropriate due to the flexibility introduced by pension freedoms and the confusion its name caused among members.
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NewsIndustry group publishes TCFD reporting guidance
On the go: The Pensions Research Accountants Group has published guidance to help practitioners understand the Task Force on Climate-related Financial Disclosures governance and reporting requirements.
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NewsMajority of trustees lacking confidence in new scam rules
On the go: Almost three-quarters of trustees are not confident the new transfer rules will reduce pension scams in the long term, according to research.
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NewsBT, Ford and M&S schemes’ inflation judicial review granted
On the go: The trustees of the BT, Ford and Marks and Spencer pension schemes announced on Wednesday that their application for a judicial review of the decision to replace the retail price index with the consumer price index including housing costs from 2030 has been granted.
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NewsWorkplace pensions bounce back after Covid-19 effects
On the go: Workplace pension contributions grew by more than 15 per cent in the second quarter of 2021, when compared with the previous year, due to contribution levels recovering after the pandemic, according to the Office for National Statistics.
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NewsDB schemes’ surplus falls by £33bn in November
On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index fell by £33.1bn in November.
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NewsOpperman urges asset managers to increase stewardship practices
The minister for pensions and financial inclusion has written to 44 asset managers urging them to comply with recent stewardship recommendations, which would allow schemes to have a more active voice in these matters.
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NewsFCA to monitor transfers after Old British Steel scheme exits PPF
On the go: The Financial Conduct Authority will be monitoring pension transfer requests from the Old British Steel Pension Scheme, as the scheme has exited its assessment period at the Pension Protection Fund.
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NewsNest Insight launches opt-out savings trial
On the go: The research arm of the government-backed master trust Nest has launched an ‘opt-out’ payroll savings approach that aims to help employees build up an emergency fund.
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NewsPension lawyers support superfunds as ‘Plan B’ for DB schemes
On the go: A large majority of pension lawyers believe that superfund transfers will become a strong consideration for defined benefit schemes with weak sponsors, as an alternative to the Pension Protection Fund or bulk annuity transactions, research has shown.
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NewsFirst dashboards service provider launches
On the go: Altus and ITM have joined forces to launch the first commercial pensions dashboards integrated service provider, which will provide technology to connect savers to their pensions.
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NewsLifeSight invests in climate fund, guide for stewardship launched
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including LifeSight’s investment in a climate transition fund, a stewardship reporting guide launched by consultants, and The People’s Pension’s climate pledge.
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NewsDWP proposes fraud compensation levy increase for all pension schemes
The Department for Work and Pensions is consulting on changes to the fraud compensation levy, which will see pension schemes pay more than double the current fee as pension scam claims rise.
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NewsAsset managers commit $4.2tn to net-zero target
On the go: Signatories of the Net Zero Asset Managers initiative have 35 per cent of their total assets managed in line with achieving net zero by 2050, according to an interim report.
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NewsBudget 2021: Public sector members to get McCloud tax exemption
On the go: HM Revenue & Customs announced on Wednesday a series of measures to ensure public sector scheme members will not have to pay extra tax if they receive an uplift in their benefits due to the McCloud remedy.
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NewsSchroders to acquire River and Mercantile’s FM business
On the go: Schroders has announced its intention to acquire River and Mercantile Group’s UK solutions division, consisting of its fiduciary management and derivatives businesses, for £230m.
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NewsAlmost a quarter of trustees unsure of endgame strategy
On the go: There are still doubts among trustees about their defined benefit schemes’ long-term strategy, as almost a quarter of these professionals (23.9 per cent) are unsure of their endgame strategy, a survey has revealed.