All News articles – Page 147
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NewsNew DB funding code could be delayed until 2022
The Pensions Regulator has issued an interim response that experts say could presage meaningful changes to the final version of the defined benefit funding code, which is likely to be delayed until 2022.
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Schemes and managers join forces to improve stewardship
On the go: The Investment Association and the Pensions and Lifetime Savings Association have launched a steering group to examine how stewardship can be better integrated into the investment process.
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NewsDWP to ban flat fees for small pots
The Department for Work and Pensions is to ban the charging of flat fees on pension pots under £100 in an attempt to stop their erosion by charges and administration costs.
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Pension contributions plunge 11% as Covid crisis hits
On the go: Savers paid 11 per cent less into their defined contribution pension schemes as the coronavirus pandemic hit the UK, Office for National Statistics data shows.
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Opperman guarantees none of TPR’s new powers will be retrospective
On the go: The minister for pensions and financial inclusion has guaranteed that the Pensions Regulator’s new criminal sanctions and information-gathering powers will not be applied retrospectively.
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NewsAgeing LGPS hungry for income
Data Crunch:Ageing LGPS hungry for income How LGPS funds are dealing with the challenges posed by changing membership demographics Enterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: 110%;top: -5%;left: -5%;z-index: -1;background-color: rgba(0,0,0,.8);}.sh_embed #embed_article {display: ...
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DB deficits ‘relatively stable’ with £7.6bn hike in December
On the go: The aggregate deficit of the 5,318 defined benefit schemes in the Pension Protection Fund 7800 Index grew by £7.6bn in December.
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Govt moves to include pensions in dormant assets scheme
On the go: Pensions will be included in the government’s extension of the dormant assets scheme, despite previous concerns that life savings should be excluded due to “significant changes” in recent years.
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Trustees should monitor sponsor longevity when assessing covenant
On the go: Sponsor longevity is a vital part of covenant assessment, requiring professional judgement and a range of strategic tools, according to a new report by the Employer Covenant Practitioners’ Association.
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Nest to boost private market holdings by 6%
On the go: Nest is to expand its private market holdings from 9 per cent to 15 per cent by March next year, with its investments in illiquids and infrastructure assets expected to exceed a fifth of its £13bn portfolio.
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NewsHousing charities face 50% hike in pension costs
Housing charities face50% hike in pension costsIncrease needed to fund the Social Housing Pension Scheme's surging deficit of £1.6bnEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg {position: absolute;width: 110%;height: 110%;top: -5%;left: -5%;z-index: -1;background-color: rgba(0,0,0,.8);}.sh_embed #embed_article {display: none;}.sh_embed .sh-embed-img ...
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Barclays integrates ESG into £1.3bn sustainable growth fund
On the go: The Barclays Bank UK Retirement Fund has announced the integration of environmental, social and governance factors, as well as climate risk, into its diversified Multi-asset Growth Fund.
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Rodda replaces Dromey as shadow pensions minister in reshuffle
On the go: Matt Rodda, Labour MP for Reading East, has been appointed shadow pensions minister as part of a frontbench reshuffle.
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LGPS funds call on HSBC to reduce fossil fund assets exposure
On the go: Brunel Pension Partnership, Islington Pension Fund and Merseyside Pension Fund are three of the 15 institutional investors that have filed a climate change resolution at HSBC.
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L&G launches service to track lost pension pots
On the go: Legal & General has introduced a service to help people track down lost or forgotten pension pots, as well as consolidate them.
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Calls for actuaries to offer strategic advice as schemes target endgame
An industry group is proposing a radical change in the actuarial role, suggesting these professionals should step away from a technical specialist position to offer strategic advice, while moving away from triennial valuations.
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Industry needs to do more to combat scams, TPR says
While the Pensions Regulator has pointed the finger at industry saying all parties must do more to tackle the problem of pension scams, members of the Work and Pensions Committee have questioned whether the regulator has itself done enough to help.
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LGPS Central launches emerging market debt fund
On the go: The Local Pension Government Scheme partnership has launched a £630m Global Active Emerging Market Bond Fund.
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UK charities paid £686m in management fees in 2020
On the go: UK charities spent £686m on investment management fees and advice during 2020, according to analysis from Tribe Impact Capital.
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Trustees cannot outsource responsibility for cyber risk
On the go: Trustees bear ultimate responsibility for managing cyber risk even when they outsource administration to a third party, and must ensure they carry out due diligence, according to a new report.