All News articles – Page 123
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NewsFirst lay trustee receives PMI accreditation
On the go: Neil Calvert, who sits on the Local Government Pension Scheme’s Derbyshire pension board, is the first lay trustee to be accredited by the Pensions Management Institute.
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NewsDWP’s ‘vision’ for superfunds to be published later this year
On the go: The Department for Work and Pensions intends to set out its “vision” for the future regulation of superfunds in autumn/winter this year, according to its annual report published on Thursday.
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NewsDWP’s move to DC universal charge structure could do ‘serious damage’
Industry commentators are worried about the Department for Work and Pensions’ proposal to introduce a universal annual management charge in defined contribution default funds, warning that the move is premature and could do “serious damage” to the pensions market.
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NewsFour out of five investors to increase fixed income exposure
On the go: Eighty per cent of institutional investors intend to increase their fixed income exposure over the next three years, with one in six expecting this increase to be “significant”, according to a study by Aviva Investors.
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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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NewsFourteen pension schemes commit to net-zero targets
On the go: Fourteen pension schemes, which collectively manage nearly £270bn of assets, have committed to set net-zero targets to align their investment portfolios with a 1.5C pathway.
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NewsPension tax change proposals branded ‘tragic’ and ‘crazy’
On the go: Rumours that the Treasury is planning to raid pensions have been branded “tragic” and “crazy” by speakers at a Hymans Robertson webinar, who warned that any reforms harming incentives to save could undo the work put in to boost retirement standards.
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NewsExperian revamps pension comms as over-50s face pandemic sting
As the financial crisis resulting from the pandemic has made many savers rethink their attitude towards pension savings, Experian has revamped its communications to scheme members in a bid to help them avoid “costly mistakes”.
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NewsDigital imaging scheme completes £230m buy-in
On the go: The Agfa UK Group Pension Plan has completed a £230m annuity buy-in transaction with Phoenix Group, covering 70 per cent of its pensioner liabilities.
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NewsPensions dashboards staging timeline too ‘ambitious’
On the go: The Pensions and Lifetime Savings Association, while “fully supportive” of the goals of the Pensions Dashboards Programme, has argued that delivery against the proposed staging timeline appears ambitious.
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NewsDB transfer activity increases in June
On the go: Defined benefit transfer activity increased throughout June for the third month in a row, according to research from XPS Pensions Group.
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NewsPPF 7800 Index shows surplus and funding improvements
On the go: The PPF 7800 Index for June shows improvements in the surplus and funding positions (on a section 179 basis) for the more than 5,000 schemes potentially eligible for entry to the Pension Protection Fund.
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NewsCovid-19 sees drop in sponsor support for DB schemes
On the go: The economic damage and uncertainty wrought by Covid-19 has seen a drop in employer support for defined benefit pension schemes, suggesting they will find it harder to meet their pension obligations as the pandemic’s fallout continues.
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NewsGreener pensions are ‘most effective’ way to fight climate change
On the go: Making a pension “green” is more effective than going vegan, stopping flying, and switching to a renewable energy provider combined, according to new research.
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NewsEmployers eye better master trust options as market matures
On the go: Investment consultancy Willis Towers Watson is predicting a secondary defined contribution master trust market could emerge as one in eight early adopters of the pension solution have revealed they will look to review their providers.
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DB transfers fall as contingent charging ban bites
A combination of lockdown and the contingent charging ban has contributed to a record low rate of pension transfers, according to LCP.
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NewsPASA launches GMP conversion guidance
The Pensions Administration Standards Association has published guidance on guaranteed minimum pension conversion for trustees striving to achieve GMP equality, providing examples of approaches that have been adopted or considered by “early movers”.
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NewsDWP issues ‘stronger nudge’ to pensions guidance consultation
On the go: The Department for Work and Pensions has opened a consultation into regulations requiring trustees and scheme managers to “nudge” individuals to obtain pensions guidance.
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NewsCalls for a ‘rethink’ as dashboards call for input closes
The Pensions Dashboards Programme’s latest call for input closed on Friday. Industry figures, though encouraged by progress made on timescales, said problems stemming from inadequate disclosure regulations and estimated retirement income remain, leading LCP to call for an implementation “rethink”.