All News articles – Page 203
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Reform NHS pension rules or face walkouts, BMA warns
On the go: Senior NHS doctors will cut their working hours unless there is tangible reform to the health service pension scheme, the British Medical Association warned the Chancellor of the Exchequer on Thursday.
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Government urged to force matching of voluntary contributions
The government should force employers to match voluntary pension contributions made above auto-enrolment minimums, according to investment platform Hargreaves Lansdown.
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STV agrees new £127m DB funding package
On the go: Scottish broadcaster STV has agreed to pay off its £127m defined benefit pension deficit over 12 years, including additional contributions if its cash flow improves, after completing triennial valuations of its schemes.
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TPR warns on chair's statements after master trust fines upheld
On the go: Fines issued by the Pensions Regulator against two master trusts have been upheld by courts, as the watchdog warned providers to ensure their chair's statements comply with the law.
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Government releases guidance on GMP equalisation
On the go: The Department for Work and Pensions has set out a 10-stage process for UK pension schemes to equalise guaranteed minimum pensions.
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BlueSky and Crystal master trusts gain authorisation
On the go: Two more master trusts have gained authorisation from the Pensions Regulator, bringing the total approved schemes in the sector to five.
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Pensions still high on FCA agenda despite Brexit demands
On the go: Dealing with Brexit is the Financial Conduct Authority’s overarching concern, its business plan for 2019-20 reveals, but pensions are still high on its agenda.
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LGIM votes against record number of companies in 2018
On the go: Legal & General Investment Management has broken its record for voting against companies of which it is a shareholder, as the asset manager tries to cement its stewardship credentials.
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NewsSelect committee turns focus to Railways Pension Scheme deficit
The Work and Pensions Committee has written to the Pensions Regulator over what it called the “staggering, parlous state” of the £25.5bn Railways Pension Scheme.
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NHS staff get cash instead of contributions options
On the go: Doctors at risk of being caught by the tapered annual allowance will reportedly be offered cash instead of an employer contribution under new plans to reverse the trend for doctors retiring early.
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ONS: Three in four people now members of a workplace pension
On the go: Since the introduction of auto-enrolment in 2012, the proportion of UK employees enrolled in a workplace pension has soared from 47 per cent to 76 per cent in 2018, according to research published today by the Office for National Statistics.
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Field: Sir Philip Green up to 'old tricks again' with Arcadia
On the go: The Work and Pensions Committee has condemned proposals to cut deficit recovery funding for the Arcadia pension schemes.
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Higher pension costs could see 57 schools closing
On the go: Fifty-seven independent schools could close because of the £1.1bn rise in the employers’ contribution to the Teachers’ Pension Scheme from September 1 2019, with a further 185 withdrawing from the scheme.
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Fiduciary managers struggle in 2018’s testing markets
On the go: Fiduciary managers significantly undershot their targets in 2018, with underperformance ranging from 6 per cent to more than 11 per cent, according to the first XPS FM Watch report.
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TPO orders trustees to repay £2.4m into pension scheme
On the go: The Pensions Ombudsman has required the trustees of Henry Davison Limited Pension Scheme to repay £2.4m back into the scheme.
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Tax regime ripe for reform says AJ Bell as 12,000 lose LTA protection
On the go: Over 12,000 pension savers have breached lifetime allowance ‘protections’ in the past 12 years, leaving them to face tax bills running into hundreds of thousands of pounds.
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British Airways agrees settlement with APS
British Airways has finally agreed an out of court settlement with the trustees of the Airways Pensions Scheme.
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Debenhams scheme survives pre-pack administration
On the go: Trustees of the Debenhams pension schemes have reassured members that they still have a sponsoring employer after the retailer went into a pre-pack administration on Tuesday.
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New pensions service calls for stakeholder views on financial wellbeing
On the go: The Money and Pensions Service will be carrying out a number of events across the UK between now and June, enabling stakeholders to discuss what is needed to boost financial wellbeing in local communities and across the country.
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South Yorkshire Pension Authority invests £80m in local region
South Yorkshire Pension Authority has announced plans to ramp up its local investing efforts, committing £80m to lending aimed at supporting property development in Sheffield and extending an existing allocation to another Yorkshire-based property fund.