All News articles – Page 190
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Asda enters mammoth buy-in ahead of possible float
On the go: UK supermarket chain Asda has offloaded £3.8bn of its defined benefit liabilities in a buy-in with Rothesay Life.
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Opperman urges schemes to ‘act now to equalise GMP’
On the go: Guy Opperman has called on pension schemes to take immediate action to equalise guaranteed minimum pension payments.
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Traditional pensions fail millennials, finds Smarterly
On the go: A report has questioned whether employers truly understand their employees’ financial priorities.
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PASA president warns over data costs
On the go: The president of the Pensions Administration Standards Association has warned that the poor quality of pension scheme data could frustrate the efforts of pensions dashboards.
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BNP Paribas swells the ranks of Nest’s private credit hires
On the go: Master trust Nest has taken another step in its move into private credit, with the hire of BNP Paribas Asset Management as a diversified global loans specialist.
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As Nest adds private credit, should platforms ditch daily dealing?
Asset management platform providers have been urged to open up defined contribution schemes’ access to private market funds, following the announcement of a third private credit mandate by Nest.
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Providers to be fined £50k if they break dashboard rules
On the go: The government has revealed that providers that fail to supply data for the pensions dashboards could be fined up to £50,000 by The Pensions Regulator.
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Trustees unconvinced on lifetime mortgage backing
Data crunch: Lifetime mortgage providers are hoping to tap into pension fund capital to fuel market expansion, but a combination of limited expertise, social risks and maturing defined benefit liabilities are holding trustees back.
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Consultation on DB funding code expected early 2020
On the go: A consultation on a revised defined benefit funding code will be launched at the start of next year, according to Charles Counsell, chief executive of the Pensions Regulator.
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10k-20k-30k: PLSA launches new retirement living standards
On the go: The Pensions and Lifetime Savings Association has launched its retirement living standards, an attempt to translate savings targets into a description of the quality of life they will actually enjoy in later life.
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LTA to increase to £1.075m next year while pensioners get bumper rise
On the go: The latest data from the Office for National Statistics shows the consumer price index of inflation grew by 1.7 per cent in September 2019, with impacts on the state pension and the lifetime allowance.
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Consolidators unfazed after being dropped from pensions bill
The two existing defined benefit commercial consolidators have said they are not surprised by the lack of superfund provisions in the pensions bill.
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Nest membership shrug off 2018 AE rate hikes
On the go: Members of master trust Nest were largely immune to the 2018 rise in minimum auto-enrolment contributions, according to new analysis showing opt-out rates remained stable.
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NewsESG divestment set to take place on global scale
Climate change activism and trustee awareness of environmental, social and corporate governance has led schemes to divest from fossil fuels, figures released today show.
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Pension schemes bill overshadowed by Brexit
A pension schemes bill has been included in the Queen’s Speech as expected, but critics say the government’s Brexit headaches and lack of majority mean it is little more than a manifesto pledge.
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LGPS Central Pool launches sustainable fund
On the go: The Local Government Pension Scheme Central Pool has launched a new equity fund incorporating key climate change considerations in a bid to deliver long-term growth.
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One in three schemes consider appointing IFA
On the go: Some 35 per cent of pension schemes have either appointed or are considering appointing an independent financial adviser to support members, research reveals.
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Self-employed want help with long-term finances, study finds
An investigation into the saving habits of the self-employed has found that entrepreneurs want help to save for the long term, but are put off by the inflexibility and specific goal of pensions.
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Poorest pensioners receive least government support
On the go: The poorest fifth of UK pensioners are receiving up to £4,000 less in state benefit income than their richer counterparts, research reveals.
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DB funding levels improve over September
On the go: The overall funding position of UK defined benefit schemes improved in September, according to figures released by the Pension Protection Fund on Tuesday.