All News articles – Page 216
-
News
Pension scheme membership rises to record 45.6m
On the go: Total membership of occupational pension schemes in the UK reached 45.6m in 2018, up from 41.1m in 2017, according to new Office for National Statistics data.
-
News
Court of Appeal rejects ITV appeal against Upper Tribunal decision
On the go: The Court of Appeal has dismissed ITV's appeal against the Upper Tribunal's decision that a Financial Support Direction should be issued to the broadcaster in relation to the Box Clever scheme.
-
News
Employers exposing staff to unexpected tax charges, warns Aon
On the go: Members of pension schemes with group life cover and their beneficiaries may face unexpected tax charges, with many employers yet to update their provision since the 2006 introduction of the lifetime allowance.
-
News
75% of DB funds paying out more money than they receive, finds Buck
On the go: Three-quarters of defined benefit schemes are now cash flow negative with contributions no longer sufficient to meet regular benefit payments, according to Buck.
-
News
FCA plans to ramp up supervision of transfer advice market
On the go: The Financial Conduct Authority intends to ramp up its supervision of the most active firms in the transfer advice market, after finding that 69 per cent of people seeking advice had been recommended to transfer between 2015 and 2018.
-
News
Unions allege govt sidestepped advice on NHS pensions
On the go: The Department for Health and Social Care is under fire for reportedly deciding to pursue its ‘50:50’ reform for NHS Pensions before it had received a report commissioned from its advisory board.
-
News
Investors push for greater disclosure on environmental impact
On the go: Eighty-eight investors have come together to target hundreds of companies across 46 countries for not reporting their climate change, deforestation and water security data.
-
News
More schemes offering member concessions on DB closure
The number of defined benefit funds undertaking benefit reviews has soared since 2014, recent research has revealed, prompting yet more scheme closures amid a growing tendency to offer member concessions.
-
News
Investment Association in push for more black fund managers
On the go: The Investment Association is leading a drive to recruit more black fund managers, after a new report revealed the poor extent of black representation in the industry.
-
News
Nest to divest all tobacco holdings
On the go: Nest is to sell all its tobacco shares, the master trust has announced, as it warned of impending regulatory backlash against the sector.
-
News
Arcadia CVA proposals approved
On the go: All seven of Arcadia’s company voluntary arrangements have been approved by the required majority of the retailer’s creditors.
-
News
Fate of Arcadia on a knife edge
On the go: A crucial vote takes place today on a rescue package for Sir Philip Green’s beleaguered Arcadia Group.
-
News
PSIG calls on trustees to review procedures amid rise in scammers
The Pension Scams Industry Group exhorted trustees to review their scam prevention procedures on Tuesday, as pension fraud attempts continue to rise despite tightening government regulations.
-
News
DB deficit grows during May
On the go: UK defined benefit funding levels dropped by four percentage points on aggregate at the end of May, according to the latest update from the Pension Protection Fund.
-
News
ACA voices support for pensions/housing hybrids
On the go: The Association of Consulting Actuaries has thrown its weight behind flexibilities to allow pension savers to divert pots towards housing purchase, after housing secretary James Brokenshire’s controversial proposal.
-
News
CMA takes final step in reform of fid man and consultancy sectors
On the go: The Competition and Markets Authority has issued a legally binding order requiring investment consultants and fiduciary managers to provide clearer information about what their customers are getting for their money.
-
News
The Pensions Regulator plans to extend its reach
The Pensions Regulator’s head of regulatory policy David Fairs announced plans to “ramp up” its reach on Friday, telling trustees they could no longer get away with ignoring the regulator’s requirements.
-
News
Trustees face tougher ESG disclosure rules from 2020
On the go: Regulations have been laid in Parliament today that impose tougher disclosure rules for trustees on their stewardship and engagement policies.
-
News
Trustee fined for tardy transfer and reported to TPR
On the go: The Pensions Ombudsman has upheld a complaint against the trustee of the Commando 2012 Pension Scheme for failing to a pay a transfer payment within the statutory time frame.
-
News
Rolls-Royce and L&G complete record £4.6bn deal
On the go: Rolls-Royce has completed a partial buy-in on the way to buyout in excess of £4.6bn, securing the benefits of around 33,000 members of the Rolls-Royce UK Pension Fund.