All News articles – Page 207
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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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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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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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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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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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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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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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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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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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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.
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Opperman pushes 50 largest funds to lead way on climate change
On the go: Pensions and financial inclusion minister Guy Opperman has written to the largest pension funds in the UK, reminding them to pull their weight in the fight against climate change.
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NewsField sounds alarm over unregulated DB superfunds
The chair of the Work and Pensions Committee has warned that the government may be putting retirements at risk if it does not bring forward legislation to regulate defined benefit superfunds.
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UK pension funds invest £120m in low-carbon greenhouses
On the go: A number of UK pension funds have invested £120m – managed by Greencoat Capital – in the construction of two of the UK’s largest greenhouses at farmland sites near Norwich and Bury St Edmunds.
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Women born in the 1950s lose state pension claim
On the go: The High Court has ruled against the BackTo60 campaign group, who were seeking the restitution of their state pensions backdated to age 60.
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TPR: 400 schemes fail to review data within three years
On the go: The Pensions Regulator is demanding that four hundred pension schemes review their data urgently within six months as part of a crackdown on poor record-keeping, with tough sanctions for non-compliance.
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Ombudsman upholds complaint against LGPS despite predator warning
On the go: The Pensions Ombudsman has upheld a complaint against Hampshire County Council and the Hampshire Pension Fund involving a transferring member who fell victim to a scam.
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Brexit property slump means DB pension will be worth more than average home
On the go: Brexit uncertainty rattling the UK housing market could lead to pensions wealth overtaking the value of private housing in the UK, according to analysis by Hymans Robertson.
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Authorised master trust group swells to 33 providers
On the go: Two more master trusts have been authorised by the Pensions Regulator, bringing the total number of regulated providers to 33.