All News articles – Page 139
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NewsUSS invests in climate fund, Aegon’s ESG assets top £10bn
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Universities Superannuation Scheme investing in a climate fund, Aegon strengthening its commitments to make default funds net-zero and banks calling for support of a new sustainable infrastructure label.
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NewsBritish American Tobacco secures second buy-in with PIC
On the go: The £4.2bn British American Tobacco UK Pension Fund, has signed an additional buy-in deal with Pension Insurance Corporation, insuring approximately £400m of pensioner liabilities.
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NewsNest to trial ‘opt-out’ payroll savings approach
On the go: The research arm of the government-backed master trust Nest will be trialling an ‘opt-out’ payroll savings approach that aims to help employees build up an emergency fund.
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NewsIndustry bodies to set dashboards data matching standards
On the go: The Pensions Administration Standards Association will be working with the Pensions and Lifetime Saving Association and the Association of British Insurers to set up the standards for the pension dashboards data matching.
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NewsGender pension gap reaches 56% at retirement
On the go: Women have a gender pension gap in every stage of their career, which reaches 56 per cent at retirement when compared to men, according to analysis from Legal & General.
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NewsMP introduces bill to investigate Atomic Energy Authority transfers
Conservative MP David Johnston has introduced a private members’ bill to allow the Parliamentary and Health Service Ombudsman to investigate pension transfers made out of the UK Atomic Energy Authority pension scheme.
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NewsDC consolidation ‘too far, too soon’ but is an inevitability, experts say
On the go: The Department of Work and Pensions' proposals on consolidation within the defined contribution market go “too far, too soon”, and risk eroding the involvement of employers in their workforce’s retirement outcomes, experts have warned.
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NewsSeven providers sign up for dashboard test
On the go: Seven software providers, third party administrators and pension providers will be taking part in the first test of the pensions dashboard.
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NewsAlmost a third of tranche 14 schemes in surplus
Detailed analysis of triennial valuations with due dates up to January 2021 has shown that almost one in three defined benefit and hybrid schemes are in surplus, but many pension funds face a headwind due to falling interest rates.
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NewsProfessional trustee board appointments increase 60%
On the go: The number of schemes appointing professional trustees is on the rise, with almost half of pension fund boards now having such arrangements, which compares with one in five schemes five years ago, according to LCP.
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NewsLegal & General DB scheme secures £925m derisking transaction
On the go: The Legal & General Group UK Pension and Assurance Fund has completed a £925m assured payment policy transaction with Legal & General Assurance Society.
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NewsScot Wid revamps green fund, Fidelity tackles climate and diversity
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Scottish Widows investing in green UK business via its new environmental fund, and Fidelity's new policies on climate change and diversity.
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NewsTPR reviews schemes eligible for Fraud Compensation Fund
The Pensions Regulator and the Pension Protection Fund are undertaking a review of schemes that may be eligible for the Fraud Compensation Fund, following uncertainty surrounding instances where no independent trustee has been appointed to a scheme.
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NewsAon and WTW cancel $30bn mega-merger
On the go: Aon and Willis Towers Watson have abandoned their planned $30bn (£21.7bn) merger after an intervention from the US Department of Justice.
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NewsTreasury and pension committees write to PM over online scam ads
On the go: The Treasury and Work and Pensions committees have written to the prime minister urging him to reconsider including paid-for online advertisements in the government’s online safety bill.
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NewsGreen bonds and greenwashing: Investors yet to be convinced
After new details about UK’s first sovereign green bonds were received positively by the pensions industry, the excitement seems to be dissipating, since the summer 2021 launch date will be missed and scepticism remains about the motives and effectiveness of the scheme.
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NewsPIE exercises can be a 'win-win' for schemes under current conditions
On the go: Improved regulatory clarity and rising inflation rates could mean now is the time for defined benefit pension schemes to consider offering a pension increase exchange to their members, according to LCP.
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NewsEmployer seeks £265,000 in damages from Plumbing Pensions
A plumbing employer has filed a summons at the Court of Session in Edinburgh seeking more than £265,000 in damages from Plumbing Pensions over its alleged repeated failures to manage the scheme’s Section 75 debt.
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NewsBorder to Coast on track to deliver £110m in cost savings
On the go: The circa £24.7bn Border to Coast Pensions Partnership is on track to deliver more than £110m of cumulative net savings within its first decade of pooling and more than £250m in the first 15 years, according to its annual report.
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NewsGovt to open new public sector scheme for judges in 2022
On the go: The Ministry of Justice has launched a consultation on creating a new public sector pension scheme for judges, which will address the issues caused by the McCloud judgment and allow the government to have a pensions-based solution for the whole judiciary.