All News articles – Page 193
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Is regulation needed to avoid pre-pack abuse?
The government is considering legislation to prevent companies from abusing pre-pack administration to dump pension liabilities into the Pension Protection Fund, but some experts say further regulation is unnecessary.
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Government signals an end to flawed RPI
On the go: The end may be nigh for the flawed retail price index of inflation, after the chancellor announced plans to consult on whether to align it with a version of the consumer price index between 2025 and 2030.
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Just Group sets its sights on derisking DB giants
On the go: Insurer Just Group is attempting to increase its presence in the bulk annuity market by partnering with external providers of capital backing.
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No-deal Brexit fears cause annuity rates to plummet to near record lows
On the go: Fears of a no-deal Brexit and a slowdown in the global economy have pushed annuity rates to near record lows, says Hargreaves Lansdown.
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Funding for school pension costs rises to £1.5bn
On the go:The government has promised to compensate some public sector pensions' increased employer contribution costs, but other pensions spending was unmentioned.
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DB deficit spikes as hedging continues to be vindicated
On the go: The defined benefit liabilities of the UK's largest companies shot up by £30bn at the end of August, according to Mercer, as a slump in corporate bond yields refocuses trustee minds on immunising risk.
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UCU 'confident' universities will strike over pensions
The majority of university staff will vote for strike action on pensions unless their employers concede to lowering contributions to the Universities Superannuation Scheme closer to 8 per cent, the University and College Union has said.
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Businessman’s refusal to share information with TPR leads to court
On the go: The Pensions Regulator is prosecuting a Hampshire and Surrey-based businessman for failing to provide it with details of the companies he owns.
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Smart Pension and Lewis schemes get master trust authorisation
On the go: The Pensions Regulator has authorised a further two master trusts to continue operating in the UK.
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NewsConcerns over IFA shortages after LEBC leaves DB transfer market
Independent financial advice firm LEBC’s decision to leave the defined benefit transfer market has reignited concerns over shortages of quality advice, with experts warning that tighter regulation could lead to further exits.
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NewsGreater platform use will open up alts to smaller schemes
Data crunch: Defined benefit trustees are in a bind on cash flows, with low or even negative yields persisting in traditional fixed income just as their schemes’ liabilities begin to mature and cash injections dry up. Asset managers are responding by offering new solutions to help access alternative, secure income-generating assets.
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Law firm targets ‘short-changed’ doctors, teachers and police officers
On the go: The government could face legal challenges from hundreds of thousands of teachers and doctors following changes to their pension schemes, according to Leigh Day.
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Trustees should act now to guard against market collapse
On the go: Trustees and sponsors of defined benefit schemes should increase their asset allocations to alternatives and hedge funds in light of high valuations and stretched yields, Cambridge Associates urges in new research.
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Dichotomy between FTSE chiefs and workers’ pensions remains
On the go: Just 30 per cent of FTSE 100 companies have pledged to cut their pension payments for their directors, following a campaign by the Investment Association on excessive boardroom pay.
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Arcadia CVAs approved
On the go: Arcadia Group, the struggling fashion empire controlled by Sir Philip Green, can move forward with its restructuring plans after a challenge from US landlords was withdrawn.
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DB transfer values hit all-time high
On the go: Defined benefit pension transfer values soared to an all-time high on August 21, according to the latest analysis from consultancy XPS Pensions.
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Aviva Master Trust and Workers Pension Trust gain authorisation
On the go: The Aviva Master Trust and Workers Pension Trust have been added to the Pensions Regulator’s list of authorised schemes.
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USS recovery plan talks begin after employers fail to head off strike threat
On the go: The trustee of the Universities Superannuation Scheme has issued a series of consultation documents in a bid to commence agreements with employers on a suitable recovery plan and contribution rates for the scheme.
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GMP equalisation soars up list of trustees concerns
On the go: GMP equalisation has soared up the list priorities for pension schemes following the Lloyd’s Banking Group case earlier this year, Equiniti research has found.
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ONS: One in four people will be over 65 by 2050
On the go: The UK population is growing older, Office for National Statistics figures have shown, with potentially big repercussions retirement patterns.