All News articles – Page 215
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NewsLogistics company and Glasgow Uni join Nest sidecar trial
Master trust Nest has announced two new participants in its trial of a 'sidecar' savings solution, with employees at Yusen Logistics and the University of Glasgow to be offered the product in early autumn.
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Does proposed professional trustee rule spell the end for lay trustees?
The Pensions Regulator is considering whether an accredited professional trustee should sit on every board, but what could this mean for the future of lay trustees?
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Smiths Industries completes £176m bulk annuity transaction
On the go: The £3bn Smiths Industries Pension Scheme has completed a £176m bulk annuity with Canada Life – its second transaction of this kind with the insurer.
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Clara Pensions first consolidator to join PASA
On the go: Clara Pensions became the first consolidator to join the Pensions Administration Standards Association on Wednesday, boosting its legitimacy before the announcement of its first client.
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TPR authorises four more master trusts
On the go: The Pensions Trust, Fidelity, Standard Life and Stanplan A have gained authorisation from the Pensions Regulator, bringing the total number of approved master trusts to 10.
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Aviva launches ESG default fund
On the go: Aviva has launched a defined contribution default fund with environmental, social and governance considerations at its heart, in line with growing demand from workers.
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TPR ponders mandatory professional trustee requirement
The Pensions Regulator is consulting on proposals to make it mandatory for a professional trustee to sit on every trustee board, in a bid to ramp up standards and drive consolidation.
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DB continues to mature as 73% cash flow negative
On the go: Almost three out of every four defined benefit schemes in the UK are now cash flow negative, according to consultancy Mercer’s 2019 asset allocation survey.
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Rumours of buyout for British Steel scheme
On the go: Trustees of the British Steel Pension Scheme are mulling a full buyout of the rescued scheme, according to reports from Sky News.
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NewsUCU threaten autumn strikes after USS whistleblowing
The University and College Union has outlined a timetable for industrial action at UK universities later this year, demanding concrete action from employers to improve pay and secure pensions.
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TPR publishes new DC investment guidance
On the go: The Pensions Regulator has updated its DC investment guidance to incorporate new regulations on environmental, social and governance risk coming into force from October 2019 and October 2020.
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Supreme Court denies govt leave to appeal in firefighters' pension case
On the go: The Supreme Court has denied the government’s application for permission to appeal a Court of Appeal ruling that pension changes discriminated against younger members of the Firefighters' Pension Scheme.
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Regulator keeping 'careful eye' on watch list of 50 schemes
The Pensions Regulator has a watch list of 50 defined benefit schemes that it is most concerned about, the watchdog’s chief executive, Charles Counsell, has revealed.
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NewsBMA launches legal challenge over new NHS scheme suspension rules
The British Medical Association has issued legal proceedings against the government, challenging recent changes that enable the suspension of benefit payments when a National Health Service Pension Scheme member has been charged with certain criminal offences.
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Trinity rocked by fellow resignations
Three academic fellows resigned from Trinity College Cambridge on Monday, protesting the college’s decision to exit the Universities Superannuation Scheme.
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PIC hails record reinsurance availability
On the go: Bulk annuity provider Pension Insurance Corporation has secured a record-breaking £7bn of reinsurance to date in 2019.
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Hidden drawdown dangers for 615,000 retirees
On the go: Hundreds of thousands of over-55s are unaware they can scale back or stop their withdrawals from their drawdown income, putting them in danger of draining their retirement savings too rapidly.
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NewsTrinity fellows go ahead with plans to leave USS despite UCU censure
A special meeting of fellows at the University of Cambridge’s Trinity College has supported the decision to leave the Universities Superannuation Scheme, despite the threat of censure from a trade union.
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ExxonMobil and MetLife fail to meet LGIM’s climate change criteria
On the go: Legal & General Investment Management is removing five companies from its Future World Fund range for failing to meet stringent climate change criteria.
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Pensioner poverty rises for the first time since 2011-12
On the go: After more than two decades of virtually continual falls, pensioner poverty has shown a stark rise.