All News articles – Page 167
-
News
Trustees warned not to miss CMA’s self-certification January deadline
Fears are mounting that Christmas and remote working may cause trustees to miss a vital deadline in January to comply with new Competition and Markets Authority rules.
-
News
GardaWorld offers G4S trustees £770m funding package
On the go: Trustees of the G4S pension scheme have been offered a £770m funding package by Canadian security company GardaWorld, the latest development in its attempt at a hostile takeover of the UK outsourcing company.
-
News
Arcadia trustees in talks with The Pension SuperFund
On the go: Trustees of the embattled Arcadia pension funds are in talks with The Pension SuperFund, which could result in the schemes being absorbed by the consolidator.
-
News
Doomsday scenario would see PPF with £25bn in claims by 2030
The Pension Protection Fund has updated its risk assessment on future claims to a worst-case scenario of £25bn by 2030, up from £22.5bn at last year’s reckoning.
-
News
L&G to halve emissions of annuity book by 2030
On the go: Legal & General has announced it is to cut the carbon emissions intensity of its £80.7bn annuity book by 18.5 per cent by 2025 and 50 per cent by 2030 as part of its drive to become net-zero by 2050.
-
News
Court of Appeal gives green light to Pru annuity sale
On the go: The Court of Appeal has overturned a High Court ruling that blocked the transfer of £12bn of annuities from Prudential, now M&G, to Rothesay Life.
-
News
Coronavirus pandemic causes one in eight to delay retirement
On the go: The government’s anti-Covid lockdown strategy has forced one in eight people over the age of 55 to delay their retirement, according to new research from YouGov.
-
News
Arcadia, Debenhams the first high street dominoes to fall
High street retailer Debenhams became the latest domino to fall following the collapse of Philip Green’s Arcadia Group on Monday, with the pension schemes of both now entering the Pension Protection Fund assessment period.
-
News
Opperman follows through on share-voting promise
On the go: The Department for Work and Pensions has launched a new working group to examine ways to give investors in pooled fund products greater influence in voting shares and securities owned on their behalf.
-
NewsGreen pressured to save Arcadia pension schemes
On the go: Philip Green is being pressured to “make good” on promises to 10,000 members of the Arcadia pension scheme as his retail empire is on the brink of filing for administration, which would leave the scheme in the Pension Protection Fund.
-
News
Majority of schemes struggle to obtain climate risk data
On the go: Nearly three-quarters (74 per cent) of pension professionals said they lack vital information necessary for them to report on climate risk in their pension schemes, according to a survey from the Pensions and Lifetime Savings Association.
-
News
Simplifying language can increase pensions engagement
On the go: Almost half of savers do not know they can choose how much money they pay into their pensions, while a third misunderstand the purpose of auto-enrolment minimum caps, a new report has revealed.
-
News
Aviva staff scheme completes £875m buy-in
On the go: The Aviva Staff Pension Scheme has completed a £875m buy-in with Aviva that covers the defined benefit pension liabilities of 2,868 members.
-
News
Phoenix launches new ESG default solution
On the go: The UK’s largest long-term savings and retirement business has announced the launch of a new defined contribution default solution incorporating environmental, social and governance standards.
-
News
AA goes private again with detailed pensions agreements
On the go: Trustees of defined benefit schemes belonging to troubled motoring group the AA have agreed funding principles with the company’s new private equity backers, including a commitment not to increase technical provisions where possible.
-
News
Pension scheme strategies not fit for ‘purpose’
On the go: The number of trustees having to alter their scheme’s long-term plans in the past year suggests pension scheme strategies are “not fit for purpose”, according to new research.
-
News
RPI reform to leave linker owners short-changed from 2030
The government is to press ahead with controversial reforms to the retail price index leaving index-linked gilt holders worse off, but has decided to delay the move until 2030.
-
News
Cyber security awareness lags as attacks jump threefold
On the go: A third of respondents to a poll by the Pensions and Lifetime Savings Association confessed they did not know their organisation’s cyber security plans, despite cyber crimes surging by 86 per cent in a single quarter this year.
-
News
DB schemes have £130bn tied up in unrealised life expectancy advances
On the go: PwC is proposing changes to the way defined benefit schemes calculate the impact of projected life expectancy improvements in its liabilities, as these pension funds have more than £130bn tied up in assumptions that have not yet materialised.
-
News
Covid delays Kent fund remedies after Woodford debacle
The Kent County Council Superannuation Fund’s auditor has flagged delays in attempts to learn lessons from the Woodford debacle as a serious risk to the scheme.