All News articles – Page 102
-
NewsPASA publishes pre-employment guidance to deter fraudsters
On the go: The Pensions Administration Standards Association has published guidance on pre-employment checks for administrators, as it has been made aware of fraud cases undertaken or assisted by employees of these companies.
-
-
NewsClara-Pensions plans Q3 deal after regulatory approval
Clara-Pensions is planning to announce its first transaction in the third quarter of this year, as founder and outgoing chief executive Adam Saron details the types of pension schemes that are likely to find value in the defined benefit consolidator’s business model.
-
NewsPRA warns banks against ‘gaming’ pension transactions
On the go: The Bank of England’s Prudential Regulation Authority has ordered banks against “gaming” deals linked to their defined benefit schemes to offset regulatory requirements.
-
NewsWilliam Hill insures all liabilities, boarding school agrees full buy-in
Risk watch: A roundup up of the latest derisking transactions, including the William Hill scheme’s transaction with Rothesay and Gordonstoun School’s full buy-in with Legal & General.
-
NewsInflation hits 30-year high of 7%
On the go: UK inflation hit a new high of 7 per cent in March, as the cost of living crisis continues.
-
NewsLGPS employers at legal risk over sharia non-compliance
Employers participating in Local Government Pension Scheme funds could face legal action from members over their schemes’ non-compliance with sharia principles and a failure to offer staff a compliant alternative, according to one legal expert.
-
NewsNew strike mandate at universities over USS pensions row
On the go: Staff at 27 universities have a mandate to take strike action over pensions that will last until October 2022, after the University and College Union secured the support of its members.
-
NewsPLSA calls for 12-month dashboards grace period from regulators
On the go: The Pensions and Lifetime Savings Association has appealed for “a degree of latitude” from regulators in the months after the pensions dashboards are introduced.
-
NewsDB scheme surplus rises £43bn in March
On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £42.8bn in March.
-
NewsLGPS funds race to complete McCloud data remedy
Some employers are struggling to provide their Local Government Pension Scheme funds with the necessary information to complete the McCloud data remedy exercises.
-
NewsRegulators warn P&O staff over DB pension transfers
On the go: Regulators have warned current and former employees of P&O Ferries “not to make any quick decisions” with their defined benefit pension following mass redundancies.
-
NewsRussia business suspension disrupts Mothercare deficit repayments
Retailer Mothercare will not fully pay the first instalment of its deficit repair contributions schedule this month and will enter into negotiations with its schemes’ trustees over its timetable for future payments.
-
NewsLabour party consulting on DB scheme closure
On the go: The Labour party is consulting its staff over closing its defined benefit scheme to new members and future accrual for current active members.
-
NewsVW rejects shareholder proposal, savers in the dark over investments
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Volkswagen’s rebuff of a shareholder letter concerning its so-called “lobbying activities”, and new research revealing widespread ignorance over how pensions are invested.
-
NewsUSS and University of Southampton make AVC blunder
On the go: The Pensions Ombudsman has partially upheld a complaint against the University of Southampton and the Universities Superannuation Scheme trustee after a communication lapse saw a member continue to make annual voluntary contributions after her policy had ended.
-
NewsNorthern Ireland LGPS commits to low-carbon fund
On the go: The circa £10bn Northern Ireland Local Government Officers’ Superannuation Committee has transferred its entire £2.8bn core passive equity holdings into Legal & General Investment Management’s Low Carbon Transition Fund.
-
NewsPension net pay top-ups to begin by 2026-27
On the go: The first top-ups for individuals making pension contributions to net pay schemes will be provided by the government by the 2026-27 tax year, the Treasury has confirmed.
-
NewsWandsworth weighs up renewables, asset owners demand engagement
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Wandsworth Pension Fund assessing opportunities in renewable infrastructure, the Net-Zero Asset Owner Alliance pushing for greater engagement, and the Institutional Investors Group on Climate Change highlighting the investment opportunities linked with the Paris Climate Agreement.
-
NewsDashboards timeline and guidance barriers concern industry bodies
Two of the pensions industry’s largest organisations have caveated their broad support for the pensions dashboards project with concerns about timing, consistency and red tape surrounding financial advice.