All News articles – Page 225
-
News
BT sweetens DB closure with promise of 'hybrid' scheme
BT has announced the closure of its defined benefit scheme and agreed to work with the Communication Workers Union over a forthcoming ‘hybrid’ solution.
-
News
Govt says it has learnt from BSPS saga
Lessons "can and will be" learnt from the British Steel Pension Scheme events, the government has said, but stands by the outcome involving a regulated apportionment arrangement and new pension scheme.
-
News
United Utilities faces two-day strike over pensions
About 1,500 United Utilities employees are expected to walk out on Friday and Monday because of the company's plans to change the final salary scheme to a hybrid arrangement.
-
News
Women push for equal pay settlement to be made pensionable
Former and current female employees of Glasgow City Council are pushing for pensions to be included as part of an equal pay settlement, as parties opt for negotiation over litigation.
-
News
Hammersmith & Fulham weighs up fossil fuel divestment
The £1bn London Borough of Hammersmith & Fulham Superannuation Fund is discussing whether to lower its fossil fuel exposure as part of its next investment strategy review.
-
NewsReuters steps up member comms during sponsor M&A
Trustees of the defined benefit schemes of Thomson Reuters have been updating members about the agreed sale of part of the business, as experts stress the fine line between saying too much or too little about a deal.
-
News
Govt 'tempted' by latest Royal Mail CDC proposals
The Department for Work and Pensions is “tempted” to lay regulations facilitating the creation of collective defined contribution schemes, following a recent breakthrough by the team drafting proposals on behalf of Royal Mail.
-
News
Canary Wharf govt hub to include ombudsman but not FCA
The Pensions Ombudsman has said it is moving offices from London Victoria to a newly renovated "government hub" in London's financial district Canary Wharf on April 3 this year. This follows a previous announcement by the Financial Conduct Authority that it will move from Canary Wharf to Stratford in north east London this year.
-
News
New British Steel Pension Scheme meeting size and funding tests
Under the terms of the agreement between Tata Steel UK and the BSPS relating to the regulated apportionment arrangement, the New BSPS will only go ahead if certain conditions are met – including conditions related to size and funding level.
-
News
Field urges FCA to cast net wider on transfer advice
The Work and Pensions Committee has urged regulators “to get their houses in order now” to protect pension scheme members from another mis-selling scandal.
-
NewsVirgin Money introduces financial wellbeing portal for employees
Virgin Money has introduced a financial wellbeing portal to help employees think differently about their relationship with their own money, including retirement savings.
-
News
DB deficits increase in February
Defined benefit deficits across schemes eligible for the Pension Protection Fund have increased to £72.1bn at the close of February 2018, from a deficit of £51bn at the end of January 2018.
-
News
Councils fear loss of control under London CIV proposals
The London Collective Investment Vehicle has announced a number of upgrades to its governance structures in response to personnel changes, but local authority participants still have fundamental concerns about how investing in the pool will work.
-
News
Govt creates taskforce to boost private social impact investment
Theresa May has commissioned an industry taskforce on social impact investment, led by vice-chair of Allianz Global Investors Elizabeth Corley.
-
News
Striking academics turn down pension offer
The University and College Union has voted to reject proposals agreed by the union and Universities UK over pension pay, meaning lecturers will continue to strike.
-
News
Shadow work and pensions secretary 'stood down'
The Labour Party’s shadow work and pensions secretary, Debbie Abrahams, has been forced to leave her role over allegations reportedly related to claims over her behaviour.
-
News
UUK and UCU strike pensions deal
Universities UK, which represents employers, and the University and College Union have said they reached an agreement on Monday in the dispute about the closure of academics' defined benefit arrangement.
-
NewsMineworkers receive tax demands after admin error
Members of the £11.4bn Mineworkers’ Pension Scheme have received notices from HM Revenue & Customs incorrectly telling them that they owe thousands of pounds in tax.
-
News
Rising interest rates threaten sponsor covenants, say experts
PLSA Investment Conference 2018: Interest rate and inflation risk could pose imminent threats to schemes and sponsors, while quantitative easing might not have been bad news for schemes, experts have said.
-
News
Anglian Water in spat with three unions
Anglian Water has refused to meet unions GMB, Unite and Unison for talks at a conciliation service over the closure of its defined benefit pension scheme, prompting them to accuse it of provoking industrial action.