All News articles – Page 14
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Why pensions schemes are ‘attractive targets’ for cyber criminals
Pension schemes are ‘attractive targets’ for cyber criminals and trustees and managers must create contingency plans to mitigate the impact of an attack, an expert has warned.
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Industry calls for change to levy rules as PPF seeks to raise £100m
The government should rewrite rules around the Pension Protection Fund’s (PPF) levy to reduce unnecessary costs for defined benefit (DB) schemes, according to industry commentators.
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TPR grows investment team and vows to 'probe' strategies
The regulator has doubled its investment consultant staff in a bid to increase its scrutiny of investment strategies as schemes seek to allocate more to UK-centric assets.
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Employers recognise pension provision shortfalls, research shows
Employers are planning to address retirement adequacy over the next two years as they are concerned about their staff’s pension prospects, according to WTW.
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PLSA urges caution on potential tax relief changes
The Pensions and Lifetime Savings Association (PLSA) has urged the government to tread carefully regarding potential changes to pension tax relief in next month’s Budget.
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TPR's Neil Bull to speak at the DB Strategic Investment Forum
Neil Bull, executive director of market oversight at the Pensions Regulator (TPR), is to give the keynote speech at this month’s DB Strategic Investment Forum.
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Uncovering the truth of pension schemes’ UK allocations
The government needs to understand the complex and dynamic drivers of asset allocation changes if it is to successfully promote pension scheme investment in UK assets, according to the Pension Policy Institute (PPI).
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Living Wage data lends weight to 12% contributions call
Workers earning the UK Living Wage of £12 an hour would need to save 12% of salary to replicate this income in retirement, research has shown.
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Dashboards: Act now so we don’t have to, says TPR
The Pensions Regulator (TPR) will crack down on “wilful or reckless non-compliance” with dashboard regulations, including on poor data management, it has announced.
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10 questions that will shape the Pensions Review
The government has published 10 questions designed to inform the first phase of the Pensions Review.
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Data a ‘fundamental problem’ for dashboards: Opperman
The quality of member data across the pensions industry remains a “fundamental problem” that needs to be addressed for pensions dashboards to succeed, according to former pensions minister Guy Opperman.
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Tax relief: Rumours abound as chancellor pressed on plans
The Pensions and Lifetime Savings Association (PLSA) has sought to calm rumours of changes to tax relief on pension contributions after a communication sparked concern online.
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PIC insures Coats scheme in £1.3bn buy-in
Pension Insurance Corporation (PIC) has insured the pensions of more than 18,000 members of the Coats UK Pension Scheme, in the biggest buy-in deal announced so far this year.
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Investment latest: Railpen invests in waste management company
Also: Future Planet Capital launches dedicated pension vehicle for UK high growth companies, and Aviva opens venture capital business to external investment.
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LCP takes over executive functions at National Grid scheme
The executive and governance team at the £11.8bn National Grid UK Pension Scheme has transferred to consultancy group LCP.
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Three firms sign up to Dashboard Operators Coalition
Moneybox, NatWest Cushon and Smart Pension have all signed up to the Dashboard Operators Coalition, an industry group of potential providers of pension dashboards.
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What TPR wants from Value for Money consultation
The regulator has called for industry input on measures of service quality and forward-looking performance metrics to build out its Value for Money framework.
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Trustees increase focus on endgame planning
Almost nine in 10 trustees of defined benefit (DB) pension schemes are expected to decide their endgame strategy within the next five years, new research suggests.
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UK facing ‘cliff edge’ on pension provision
The UK is facing a “cliff edge of challenges” for its £2trn pensions system including low engagement, poor savings levels and low productivity, according to Mercer.
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Bulk annuities latest: Scottish Milk scheme insures with Just for £42m
The latest defined benefit insurance transactions also include a £34m deal for the Macmillan charity’s scheme.