All articles by Maria Espadinha – Page 9
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NewsChildren’s car seat manufacturer completes £30m triple buy-in
On the go: Britax Childcare Group has completed a triple buy-in for its three defined benefit schemes worth £30m with Just Group.
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NewsMajority of climate-themed funds are misaligned with Paris goals
More than half of climate-themed funds in the market are misaligned with the goals of the Paris Agreement, with State Street Corporation, UBS Group and BlackRock having the highest negative scores, new research has shown.
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NewsTeachers’ Pension Scheme seeks new admin
On the go: The Department for Education has launched a tender for administration services for the Teachers’ Pension Scheme, as Capita’s contract is due to end in 2025.
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NewsMorrisons’ takeover will ‘materially weaken’ sponsor covenant
On the go: The trustees of Morrissons’ defined benefit schemes have warned that both takeover offers for the British retailer will “materially weaken” the sponsors’ covenant.
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NewsKPMG fined £13m for ‘dumping’ Silentnight scheme into PPF
On the go: KPMG has received a £13m fine over serious misconduct in its role in the sale of bed manufacturer Silentnight, which lead to the company’s insolvency and its pension scheme having to be absorbed by the Pension Protection Fund.
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NewsIndustry bodies to set dashboards data matching standards
On the go: The Pensions Administration Standards Association will be working with the Pensions and Lifetime Saving Association and the Association of British Insurers to set up the standards for the pension dashboards data matching.
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NewsGovt to open new public sector scheme for judges in 2022
On the go: The Ministry of Justice has launched a consultation on creating a new public sector pension scheme for judges, which will address the issues caused by the McCloud judgment and allow the government to have a pensions-based solution for the whole judiciary.
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NewsPASA launches guidance to help schemes’ e-admin journey
On the go: The Pensions Administration Standards Association has launched new guidance on e-administration, as schemes need to get their data in order to comply with the pensions dashboards deadline in 2023.
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NewsDWP failed in communicating women’s state pension age changes
On the go: The Department for Work and Pensions failed in communicating changes to women’s state pension age, according to the Parliamentary and Health Service Ombudsman.
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NewsDWP loses court battle on PPF cap
The Department for Work and Pensions has seen its appeal on the Pension Protection Fund cap, previously considered discriminatory by the High Court, dismissed by the Court of Appeal, which means the pensions lifeboat will have to alter its benefits structure.
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NewsTPR updates board code of conduct following Smart’s appointment
On the go: The Pensions Regulator has updated its policies in relation to its board members’ declaration of interests, following criticisms that TPR did not publish potential conflicts arising from connected parties in its public register.
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NewsDWP extends Anthony Arter’s term as Pensions Ombudsman
On the go: The Department for Work and Pensions has extended the term of Anthony Arter as Pensions Ombudsman for another year.
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NewsFCA to focus on driving value for money for savers
On the go: The Financial Conduct Authority is planning to access how to drive value for money in pensions during accumulation, its business plan for 2021-22 has revealed.
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NewsDB schemes’ ESG policies misaligned with trustees’ intentions
On the go: Only 40 per cent of defined benefit pension scheme trustees believe that their scheme’s environmental, social and governance policy reflects their preferred approach in this area, new research has revealed.
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NewsHundreds of DB sponsors to face hike in contributions
On the go: Around 300 sponsors of defined benefit schemes will have to increase their deficit recovery contributions by at least 25 per cent, according to analysis from LCP.
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NewsSmart Pension platform raises £165m in funding
On the go: Smart, the platform provider behind master trust Smart Pension, has raised £165m in a funding round, with the goal to expand its business in different territories.
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NewsUSS board member resigns after scheme valuation fallout
On the go: Ian Maybury, director at the trustee board of the Universities Superannuation Scheme, has resigned from his post after a disagreement on the pension fund’s latest actuarial valuation.
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NewsState Street pays schemes for missed return after index error
On the go: State Street Global Advisors is making payments to pension schemes, including PensionBee, after an error made by FTSE Russell in the composition of one of its indices affected the returns of several funds offered by the asset manager.
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NewsFTSE 350 DB schemes back on track after Covid-19 blow
On the go: The majority of defined benefit schemes from FTSE 350 companies are back on track in terms of their funding goals, after being hit in 2020 by the economic crisis caused by Covid-19, according to research from Barnett Waddingham.
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NewsTPR’s intervention guarantees £730m protection for Sanofi scheme
On the go: The Sanofi Pension Scheme has received a new guarantee package from its sponsor, including additional protection of up to £730m in the event of insolvency in the next 20 years, following intervention from the Pensions Regulator.