All News articles – Page 201
-
News
DB members transferring face adviser shortage as regulations bite
On the go: Nearly seven out of 10 advisers are wary of advising on defined benefit transfers, according to Aegon Research.
-
News
AMNT blasts managers’ ‘blanket refusal’ to accept scheme voting policies
On the go: The Association of Member Nominated Trustees has lodged a formal complaint with the Financial Conduct Authority as asset managers of pooled funds, in almost a “blanket refusal”, are not accepting the stewardship voting policies of their pension scheme clients.
-
News
600 Group completes £201m buyout with PIC
On the go: Yorkshire-based engineering firm 600 Group has finalised the buyout of its UK pension scheme liabilities with Pension Insurance Corporation.
-
News
TPR replaces DC pension trustees at Dunnes Stores
On the go: Pension trustees at Northern Irish high street retailer Dunnes Stores have been stopped by the Pensions Regulator from running the company’s defined contribution scheme.
-
News
Schemes set to face UK credit capacity crisis
On the go: With two-thirds of FTSE 350 pension schemes in negative cash flow, fears are mounting that there may not be enough high-quality assets to go around.
-
News
MoJ underpays pension payments to 25 judges
On the go: The Ministry of Justice has short-changed 25 members of the Judicial Pensions Scheme who have been underpaid in their pensions. The underpayments totalled £53,917.
-
News
Stagecoach announces next wave of legal action against DfT
On the go: Stagecoach started the second wave of its legal action against the Department for Transport on Friday, claiming it was illegally excluded from three rail franchise contests in April over pensions liabilities.
-
News
Plumbers’ scheme set to close to future accrual
On the go: The multi-employer defined benefit scheme for the plumbing industry will close to future accrual from June 30, despite an apparently healthy funding level.
-
NewsCambridge academics threaten to ‘greylist’ Trinity College if it leaves USS
Two-hundred-and-fifty Cambridge academics have signed an open letter condemning a proposal from Trinity College to withdraw from the Universities Superannuation Scheme and to set up its own private pensions scheme.
-
News
Ex-energy secretary: Force divestment from companies flouting Paris accord
Former energy secretary Sir Ed Davey outlined his “radical but practical” vision to tackle climate change in Westminster on Wednesday, as cross-party pressure mounts on the government to take action.
-
News
Marks & Spencer adds £1.4bn in new buy-ins
On the go: Marks & Spencer's UK defined benefit scheme has entered a £1.4bn buy-in with the Pension Insurance Corporation and Phoenix Life, bringing its total insured portfolio up to two thirds of its pensioner population.
-
News
TPR expresses 'grave concerns' over USS funding proposal
On the go: In a leaked email to Universities Superannuation Scheme, The Pensions Regulator has expressed “grave concerns” over an option for finalising its 2018 valuation that could delay funding pressures into the future.
-
News
Templates launched to improve cost transparency in £2tn industry
On the go: The Cost Transparency Initiative has unveiled its templates and guidance for asset managers and suppliers of services to pension schemes, encouraging reporting of costs and charges in a standardised format so trustees can easily compare managers and asset classes.
-
News
FTSE 100 pensions schemes face £100bn hit
On the go: Impending accounting standards changes could hit FTSE 100 pension schemes by up to £100bn with more than a quarter being hit to the tune of £1bn, according to consultancy LCP.
-
News
Return to equities not a sign of volatility ending, consultants say
Data crunch: UK pension fund allocations to equities ticked upwards in the first quarter of 2019, according to data collected by Pensions Expert’s sister title MandateWire, as managers sought to capitalise on falling prices in late 2018.
-
News
Light at end of tunnel in Barnet admin fiasco
Long-running issues with poor-quality data at the London Borough of Barnet Pension Fund, administered by Capita, are at last showing some signs of improvement.
-
News
Tailored review recommends extending watchdog's powers
On the go: A review of the Pensions Regulator has recommended that the government consider extending the watchdog’s powers to enable them to make rules in specific circumstances.
-
News
Employer prioritises pension over dividends following TPR pressure
On the go: A defined benefit pension scheme has committed to stop dividend payments for six years and shortened its recovery plan length as part of a suite of improvements following intervention by the Pensions Regulator.
-
NewsSnaps from PIPA 2019
Congratulations to all the 20th anniversary Pension and Investment Provider Awards winners, and thank you to everyone who made it a great night! Here are some snaps and tweets from the ceremony.
-
NewsPIPA 2019 winners revealed
The 20th anniversary edition of the Pensions and Investment Provider Awards saw 25 companies crowned best in the business.