All News articles – Page 209
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Rookes and Hirons-Wood join Pension SuperFund trustee board
On the go: Defined benefit consolidator the Pension SuperFund has announced the addition of two further trustees to its board.
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Health secretary in talks with chancellor over pensions tax relief
On the go: Matt Hancock, the secretary of state for health and social care, is in discussions with the chancellor over the issue of pensions tax relief and the impact it has on GP retention.
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APS trustees given go ahead to use scheme assets to fund appeal
On the go: Trustees of the Airways Pension Scheme have been given permission to use scheme assets to fund an appeal to the Supreme Court over APS discretionary increase litigation.
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FCA warns of looming retirement poverty prospect
On the go: Inadequate retirement incomes that do not meet consumers’ expectations remain the central challenge for the pensions industry, according to the Financial Conduct Authority.
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Fees can cut returns by 25 per cent, finds ESMA
On the go: The EU’s financial regulator has warned of the impact charges can have on savers’ returns, in a sign of further pressure on investment managers to control fees.
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Accounts manager admits workplace pensions cover-up
On the go: A Bradford-based accounts manager lied to investigators to try to hide the fact that restaurants had not given their employees workplace pensions.
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PIC invests further £125m in University of Exeter
On the go: Pension Insurance Corporation has completed an additional £125m investment with University Partnerships Programme, allowing UPP to design, build, fund and operate affordable accommodation for the University of Exeter.
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Half of FTSE 100 liabilities funded to buyout levels by 2029
Full buyout was once a distant dream for many sponsors of UK defined benefit schemes.
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DB funding slips lower over December
On the go: Surplus in the UK's defined benefit pension schemes evaporated over December, according to a funding measure used by the Pension Protection Fund.
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Older workers look away from 'cliff-edge' retirement
Almost half of UK workers over the age of 50 prefer to transition gradually into retirement by blending work and retirement, according to a new study
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Select committee launches inquiry into contingent charging
On the go: The Work and Pensions Committee has launched an inquiry into contingent charges for defined benefit transfer advice.
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FTSE 350 pension deficit increased by 28% in 2018
On the go: The deficit of defined benefit pension funds for the UK’s 350 largest listed businesses rose to £41bn at the end of 2018, from £32bn at the end of 2017 – an increase of 28 per cent, according to Mercer.
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Master trusts slow to seek authorisation from TPR
On the go: Master trusts continue to be tardy in applying for authorisation from the Pensions Regulator, with the watchdog revealing that it has only received six applications for authorisation as at December 31 2018.
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Whitbread derisks pension scheme with £380m one-off payment
On the go: The leisure group Whitbread has agreed with the trustee of its defined benefit pension scheme, the Whitbread Group Pension Fund, to make a one-off contribution to the pension fund of up to £380m.
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144% rise in number of businesses fined for auto-enrolment errors
On the go: The number of businesses fined by the Pensions Regulator for auto-enrolment errors has climbed 144 per cent to 35,810 in 2017-18 from 14,650 in 2016-17, according to recent analysis by commercial law firm EMW.
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PPF starts payments following ECJ ruling
On the go: The Pension Protection Fund has begun to top up the compensation of members receiving less than 50 per cent of their original pension promise, following a landmark ruling by the Court of Justice of the European Union.
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SFGB opens for business
On the go: The Single Financial Guidance Body launches this week, as three existing providers of government-sponsored financial guidance merge.
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ACA backs further AE reforms despite small employer opt-outs
Smaller employers expect a rise in the number of staff opting out of their auto-enrolment pension as minimum contribution rises bite, research has shown.
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NewsPIPA 2019: Meet the judges
Pensions Expert has assembled a team of leading authorities on pension scheme management to judge the 2019 edition of the Pensions and Investment Provider Awards, which are now open for entry.
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UK DB deficit shows modest improvement over 2018
On the go: The aggregate accounting deficit of all UK private sector defined benefit pension schemes has shown a modest improvement over the year, according to JLT Employee Benefits, falling to £107bn at December 31 2018 from £119bn a year earlier.