All News articles – Page 203
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NewsAlmost 200 schools leaving Teachers’ Pension Scheme
More than one in 10 private schools participating in the Teachers’ Pension Scheme are leaving the pension fund, with the majority opting for a defined contribution arrangement to avoid a massive increase in contributions.
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Calls for NHS pension solution to be extended to armed forces
On the go: The Forces Pension Society has called on the government to extend its temporary fix for pension tax issues for senior clinicians to the armed forces.
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Only three asset managers ‘walking the walk’ on climate change
Among the world’s 15 largest asset managers, only three companies are making the grade on environmental, social and governance considerations, a report from InfluenceMap shows.
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Lloyds to cut chief executive pensions allowance
On the go: Lloyds Banking Group is planning to cut the pensions allowance of its chief executive by more than £220,000, while increasing contributions to its staff.
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Darren Ryder steps down from TPR
On the go: The Pensions Regulator’s director of auto-enrolment, Darren Ryder, will leave his role next year to help other countries develop their own auto-enrolment programmes.
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SNP vows to end executive pay pensions gap
On the go: The Scottish National Party will support moves to ensure executive pension contributions are the same as for all workers.
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National Grid completes £1.6bn buy-in with Legal & General
On the go: The National Grid UK Pension Scheme has completed a £1.6bn buy-in with Legal & General.
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The People’s Pension fee structure changes delayed
On the go: Changes to The People’s Pension charges structure have been delayed after a problem was encountered during testing.
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PASA launches guidance for master trust consolidation
On the go: The Pensions Administration Standards Association has launched guidance for master trusts to follow when considering consolidation.
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Labour promises £58bn redress to 1950s women
On the go: The Labour party has pledged to compensate women affected by the state pension age hike, with a £58bn commitment.
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Conservatives promise to revive pensions bill
On the go: The Conservative party has promised to bring back Guy Opperman’s three-part pensions bill if re-elected, in a manifesto that largely maintains the status quo in retirement saving.
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Trustees vindicated in RPI/CPI switch complaint
The Pensions Ombudsman sided with pension scheme trustees in two separate cases over the decision to switch their inflation measure away from the retail price index.
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NewsLabour’s nationalisation plans could dent scheme portfolios
The Pensions and Lifetime Savings Association has urged the Labour Party to clarify its plans for nationalisation of infrastructure and utilities, stressing that current investors must be compensated.
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Ombudsman: DWP failed to explain GMP downgrade to members
The Department for Work and Pensions failed to properly communicate the detrimental impact that ending contracting out had on increases for individuals with a guaranteed minimum pension, the Parliamentary and Health Services Ombudsman has concluded.
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Border to Coast launches £5bn global equity fund
On the go: Border to Coast Pensions Partnership has launched a Global Equity Alpha Fund, with assets worth £5bn spread across four asset managers hired in June.
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Woodford debacle wipes out £63m from Kent Council Fund
On the go: The Kent County Council Superannuation Fund has seen the value of its holdings in Woodford Investment Management’s flagship fund fall 24 per cent in six months, wiping out £63m.
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Nursery and director fined for failing to enrol staff
On the go: A children’s nursery and its director have been ordered to pay £8,200 by the Pensions Regulator for failing to enrol staff in a workplace pension and misleading the watchdog.
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NewsDalriada working with replaced trustee to recoup £14m
Professional trustees charged with rescuing three pension schemes that flouted investment rules say selling out of prohibited assets may thwart their efforts to recoup more than £14m owed to members.
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Lib Dems in NHS pensions pledge
On the go: The Liberal Democrats have pledged to find a solution for the pensions crisis driving senior NHS staff to turn down extra work, but stopped short of any commitment to end the annual allowance taper.
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University employers write to staff ahead of strikes
Representatives of the UK’s universities have written an open letter to staff asking them to reconsider strikes over issues including pensions, planned to begin next week.