All News articles – Page 101
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NewsInstitute and Faculty of Actuaries issues climate risk alert
On the go: The Institute and Faculty of Actuaries has published a new alert warning of the risk that actuaries may not be appropriately considering or communicating the impact of climate change, and has committed to releasing new guidance in this area.
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NewsTreasury aims new climate transition task force at companies
On the go: The Treasury has created a task force to develop a “gold standard” for UK companies’ climate transition plans.
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NewsNFU Mutual leads on transfer times while B&CE lags
On the go: NFU Mutual recorded the leading score on Origo’s Transfer Index for the second quarter of 2022.
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NewsFraudsters jailed for a total of 10 years after £13.7mn pension scam
Alan Barratt and Susan Dalton, part of a scam which tricked more than 200 savers into transferring their pension pots into fraudulent schemes they controlled, have been jailed for a total of 10 years.
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NewsFCA relaunches pension transfer advice checker tool
On the go: The Financial Conduct Authority has relaunched its pension transfer advice checker tool, which has been designed so that consumers can see whether they have received unsuitable advice.
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NewsAltus and ITM move first on next stage of dashboards journey
On the go: Financial services software company Altus and platform technology specialist ITM have been confirmed as the first participants in the Pensions Dashboards Programme’s “Alpha” stage to move forwards to the next development stage.
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NewsMPs question govt comms on state pension underpayments
On the go: MPs have written to the Department for Work and Pensions questioning the government’s communication strategy on state pension underpayments.
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NewsMPs press water scheme over surplus transfer to sponsor
Stephen Timms, chair of the Work and Pensions Committee, has asked the £710mn Water Companies Pension Scheme to explain the transfer of the Bristol Water section’s surplus over to its sponsor.
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NewsGLIL banks record £1.2bn fundraising for infra investment
On the go: Local Government Pension Scheme funds have stumped up £1.2bn towards GLIL Infrastructure for investment in UK infrastructure.
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NewsRailpen tells investors to prioritise companies for engagement
On the go: Railpen, which manages around £35bn in assets for the Railways Pension Scheme, has devised a new “systematic framework” on net zero stewardship in partnership with the Institutional Investors Group on Climate Change.
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NewsTransport workers consider new strike over TfL pension review
On the go: Ballot papers have been sent out to Transport for London and London Underground staff in the Unite union over strike action, in response to a government review of the TfL pension scheme that threatens to cut benefits.
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NewsYoungest ever accredited trustee calls for industry to embrace tech
Lewis Drew, the UK’s youngest ever accredited pension trustee, has urged the industry to embrace technology in order to catch up with other financial services sectors.
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NewsPPF seeks admin and actuarial services company
On the go: The Pension Protection Fund has launched a tender to appoint a new company to join its specialist administration and actuarial services panel, which provides assistance to the lifeboat fund and schemes when they enter the PPF assessment period.
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NewsPolice Scotland warned of staff exodus after pension changes
Police Scotland is reportedly facing a staff exodus after changes to pension lump sum rules led 1,800 staff to query the size of the figure they will receive under the new system, with 400 having already decided to leave the service.
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NewsPLSA issues further clarification on HMRC’s GMP guidance
On the go: The Pensions and Lifetime Savings Association has posted a memo clarifying certain aspects of HM Revenue & Customs’ guidance on the tax treatment of guaranteed minimum pensions equalisation, looking specifically at the treatment of the interest element.
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NewsScam warnings on DB transfers near record high
On the go: The number of scam warnings on defined benefit transfers is near a record high, despite a downward trend in transfer activity, XPS Pensions Group has said.
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NewsPublic sector drives workplace pension participation rise
On the go: Increased public sector employment driven by the government’s coronavirus pandemic response led to a rise in workplace pension participation last year, according to fresh data from the Office for National Statistics.
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NewsUber faces legal action over Sharia compliant pension arrangements
On the go: The App Drivers & Couriers Union has started legal action against Uber for failing to make Sharia-compliant pension arrangements for its majority Muslim workforce.
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NewsPassive boom could slow fossil fuel withdrawal, think tank warns
On the go: The “outsize role” passive funds find themselves in when it comes to environmental, social and governance investing may be hampering efforts to sustainably invest, according to the Common Wealth think tank.
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NewsProfessional trustee market expected to grow and consolidate
Data crunch: The professional trustee market is expected to grow further over the next five years as up to 90 per cent of schemes make appointments, but the number of large companies is expected to almost halve, according to new research.