All News articles – Page 115
-
NewsDB schemes’ surplus increases £20.8bn in August
On the go: The aggregate surplus of the 5,318 defined benefit schemes in the Pension Protection Fund 7800 index increased by £20.8bn in August.
-
NewsSPP warns dashboards figures will need to be illustrative
The Society of Pension Professionals has warned that pensions dashboards will have to provide illustrative figures to defined benefit members, as it will not be possible to have accurate quotations due to the complexity of current benefit structures.
-
NewsCalls for climate reporting harmony as FCA and DWP rules diverge
The Financial Conduct Authority’s climate-related disclosure rules for asset managers, life insurers and its regulated pension providers should be brought into line with Department for Work and Pensions regulations to give greater clarity and consistency, the Pensions and Lifetime Savings Association has said.
-
NewsNumber of workers delaying retirement due to Covid-19 rises
On the go: The number of workers making changes to their retirement plans due to the impact of Covid-19 has increased by more than a quarter to 29 per cent, research from Fidelity International has shown.
-
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.
-
NewsKent Pension Fund breaches LGPS regulations
On the go: Connection trouble with a third-party pensions administrator’s systems has caused staff productivity at the Kent Pension Fund to suffer, while poor record management by Kent Police led to a breach of Local Government Pension Scheme regulations.
-
NewsNational Pension Tracing Day set to launch with industry backing
On the go: Punter Southall Aspire is launching the UK’s first National Pension Tracing Day on October 31 when the clocks go back, and is urging people to use their extra hour to trace lost pensions.
-
NewsPMI launches new diploma for pension professionals
On the go: The Pensions Management Institute is launching a new diploma in pension trusteeship.
-
NewsTPR auto-enrolment enforcement figures back to pre-pandemic levels
On the go: The number of warnings issued to employers for failing to comply with auto-enrolment rules are back to pre-pandemic levels, the Pensions Regulator has said.
-
NewsEnergy company scheme appoints new fiduciary manager
On the go: The £642m Uniper Group of the Electricity Supply Pension Scheme has awarded a £570m fiduciary management mandate to Kempen Capital Management.
-
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.
-
NewsAuto-enrolment at risk after national insurance increase
On the go: The implementation of the auto-enrolment reform could be at risk after the government announced a national insurance hike, Aegon has warned.
-
NewsTriple lock suspension unpopular but fair, says industry
On the go: By suspending the wages element of the pensions triple lock the government has remained fair to both pensioners and taxpayers, although the former is likely to be disappointed, industry experts have said.
-
NewsOnly a quarter of ESG funds receive green rating
On the go: There is still room for improvement for asset managers when it comes to environmental, social and governance investment funds, since only a quarter of these received a green score in analysis from pensions consultancy XPS.
-
NewsTPR’s notifiable events regime more impactful than criminal powers
The new regime setting out what type of events trustees and employers are required to notify the Pensions Regulator about will have a greater potential to impact corporate activity than the regulator’s controversial new criminal powers, experts have warned.
-
NewsLondon Borough of Newham invests in Paris-aligned index fund
On the go: The £1.6bn London Borough of Newham Pension Fund has invested in a new environmental, social and governance fund with Legal & General Investment Management.
-
NewsBig schemes turn to fiduciary managers during pandemic
Data crunch: The average size of a pension scheme taking on a fiduciary manager rose by around 80 per cent during the Covid-19 pandemic, suggesting the flexibility afforded by the model was particularly attractive in turbulent market conditions, according to research from IC Select.
-
NewsDB schemes exposed to £200bn in losses due to inflation-linked returns
On the go: Defined benefit schemes are exposed to £200bn in losses from inflation strategies as index-linked gilts reach record high prices, new research has shown.
-
NewsPM announces 1.25% levy and dividend tax rise to fix social care
On the go: Prime minister Boris Johnson has set out the government’s long-awaited plans for social care reform, announcing a 1.25 per cent ‘health and social care levy’ and a rise in dividend tax as central elements to cover the costs.
-
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.