All News articles – Page 131
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NewsBuilders’ merchant scheme secures £8m buy-in
On the go: The £9.4m Atkinson Northern Limited Retirement Benefits Scheme has secured an £8m buy-in with Legal & General Assurance Society.
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NewsPoor engagement hampers asset managers’ ESG commitments
On the go: Asset managers are not living up to their environmental, social and governance commitments, research from Redington has found, with shortcomings in stewardship and engagement prominent.
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NewsTPS exodus continues as schools' trust begins consultation
On the go: Some 23 independent schools are set to become the latest to leave the Teachers' Pension Scheme after a consultation into leaving the scheme was launched by the Girls’ Day School Trust.
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NewsShould regulators take the lead on ESG in pensions?
The extent to which financial regulators should get involved in setting environmental, social and governance requirements is a hot topic, with some experts arguing that involvement could stifle innovation.
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NewsTeachers’ Pension Scheme pays £21m to Capita for McCloud admin
On the go: The Teachers’ Pension Scheme has awarded a £20.6m extension to Capita’s current third party administration contract to deal with the implementation of the McCloud remedy.
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NewsFTSE 350 DB scheme payments up £45bn after pension freedoms
On the go: The introduction of pension freedoms in 2015 has contributed an estimated £45bn of additional benefit payments made by FTSE 350 defined benefit schemes, research from Barnett Waddingham has revealed.
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NewsGuidance needed to boost DC access to illiquid opportunities
New guidance on fund-level liquidity management is required to bolster illiquid investing by defined contribution schemes, the Bank of England has said, despite stopping short of recommending an overhaul of daily dealing requirements.
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NewsTPR urges schemes to get GMP equalisation done
On the go: The Pensions Regulator is urging schemes to engage with their administrators and complete guaranteed minimum pensions equalisation, as there is a sense of urgency for older members.
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NewsUber partners with Now Pensions to provide scheme for drivers
On the go: Ride-hailing app Uber is to start rolling out a pension scheme to eligible drivers in the UK and has invited its competitors to create a cross-industry scheme.
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NewsIsio snaps up Premier Pensions
On the go: Isio has announced the acquisition of Premier Pensions, subject to approval by the Financial Conduct Authority.
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NewsGovt proposes GMP revaluation rate of 3.25%
On the go: The Department for Work and Pensions is proposing to lower the guaranteed minimum pension fixed rate revaluation for early leavers by 0.25 percentage points.
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NewsRoyal Mail CDC scheme closer to reality as consultation launches
Royal Mail has launched a consultation on its new collective defined contribution scheme, detailing the structure of the new pension fund, which the postal company is aiming to launch in 2022.
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NewsDC market proves resilient during pandemic but challenges remain
A continuation of positive trends alongside the benefits of auto-enrolment has shaped the defined contribution pensions space over the past year, but complications surrounding the Covid-19 pandemic have brought the need to mitigate future risks to the fore.
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NewsPension funds poised to help social housing crisis
The pension fund industry could deploy its capital and expertise to revitalise everyday services such as social housing and infrastructure, after ambitious government plans to grow sectors have fallen short in recent years.
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NewsONS data shows drop in deficit payments as life expectancy flatlines
On the go: New data from the Office for National Statistics has revealed a significant drop in defined benefit scheme deficit repayment contributions, while the impact of the pandemic can now be seen in nationwide life expectancy data.
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NewsReal Good Food uses sale proceeds to wipe DB deficit
On the go: Liverpool-based cake decoration specialist Real Good Food has used the proceeds from the sale of its snack bar business to “eliminate” its defined benefit scheme deficit.
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NewsTPR warns small schemes: Prove value or wind up
On the go: The Pensions Regulator has warned smaller defined contribution pension schemes they will need to demonstrate their value to members or wind up, as more stringent rules come into force next month.
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News‘Years of human errors’ led to £1bn state pension underpayments
The Department for Work and Pensions has underpaid 134,000 pensioners — 90 per cent of which are understood to be women — by more than £1bn, according to a report from the National Audit Office.
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NewsSelecta UK scheme agrees £250m full buy-in with Legal & General
On the go: The Selecta UK Pension Plan has completed a £250m full buy-in with Legal & General Assurance.
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NewsDashboards programme ‘on track’ amid industry concerns
The pensions dashboards project is expected to remain on track to meet its publicised timeline, the programme’s principal Chris Curry told a Work and Pensions Committee hearing on Wednesday, amid industry concerns that the existing timeline is not feasible.