All News articles – Page 252
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News
Auto-enrolment strikes a chord with small businesses
Small and micro employers are finding auto-enrolment less costly and time-consuming than they had anticipated, research by the Department for Work and Pensions has found.
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NewsHPE pensioners to bring inflation-proofing dispute before MPs
Pensioners of Hewlett Packard Enterprise are lobbying the government to force their former employer to provide inflation protection for pension rights built up before 1997, and have gained cross-party support for legislation.
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Timetable risks breaking dashboard consensus
The Association of British Insurers has called on government to legislate for schemes to provide their data to the pensions dashboard amid criticism a hasty delivery could leave the project failing consumers.
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Companies increase use of carbon pricing
Research by environmental data provider CDP indicates an eight-fold rise in the number of companies around the world putting a price on their carbon emissions.
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Could DGFs deliver a better DC experience?
Analysis: The perceived wisdom of defined contribution investment had always been one that places an emphasis on simplicity.
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NewsPLSA proposes national retirement income targets
The Pensions and Lifetime Savings Association has suggested the introduction of Australian-style national retirement income targets in its latest consultation paper.
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News£100m bill still hangs over Morrisons as court seeks European help
The Court of Appeal has partially upheld an equalisation ruling that could add more than £100m to the liabilities of the Safeway Pension Scheme, but has asked a European court to clarify whether benefits can be revised downwards in certain circumstances.
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NewsHMRC abandons VAT policy on insurer exemption
HM Revenue & Customs has adapted its policy on the VAT treatment of pension fund management conducted by insurers, removing an exemption for all services, other than those supplied to "special investment funds".
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NewsLeonardo protects trustees with new company
Leonardo’s defined contribution scheme is creating a company to shield trustees from personal liability as the freedoms have introduced new risks for DC trustees.
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FCA sounds alarm over unsuitable DB transfer advice
Fewer than half of defined benefit transfer advice processes are “suitable”, according to analysis by the Financial Conduct Authority, raising concerns over the lack of communication between introducing companies and transfer specialists.
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NewsOrchestra votes for lower pay rise to up pensions
Members of the Royal Opera House orchestra have voted in favour of taking a lower pay rise to fund an improved pension scheme for new and future members, a decision that has struck a chord with experts.
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PPI: Consider different policy options for self-employed pensions
Policymakers need to consider diverse attitudes and financial circumstances of different self-employed groups before deciding on options to boost pension saving levels, a new report finds.
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PLSA proposals welcomed but superfunds still ‘a step too far’
The Pensions and Lifetime Savings Association's DB Taskforce has published its final report, providing further details on the creation of superfunds, while highlighting how benefit simplification and a new chair’s statement for defined benefit scheme trustees could increase efficiency.
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Scottish charities face insolvency as exit debt bites
Community admission bodies in the Scottish Local Government Pension Scheme are in the middle of a debt crisis, accountants have said, but ceasing accrual or exiting the LGPS risks triggering unmanageable cessation debt and driving admitted bodies into insolvency.
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DC savers want compulsion, research shows
Members favour scrapping the option to opt out of auto-enrolment minimum contributions, recent research has found, as experts highlight the need for better guidance around the levels of saving required for retirement.
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NewsFCA forces asset managers to disclose transaction costs
The Financial Conduct Authority continued its transparency reform this week, with the release of a policy statement requiring greater transaction cost disclosure for workplace pensions.
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Select committee probes pension freedoms as concerns grow
The Work and Pensions Committee is launching a new inquiry into the pension freedom reforms, asking whether changes are required to better achieve the policy’s objectives.
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Jersey teachers’ fund puts faith in active management
The States of Jersey Teachers’ Superannuation Fund has bucked the current trend away from active management and increased its exposure to active equities, reducing index shares.
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TPR campaign outlines governance basics
The Pensions Regulator has launched a new campaign directed at trustees and their advisers, as part of a wider push to raise governance standards, but experts say its success relies on collaboration and engagement from all stakeholders.
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NewsRestructuring professionals call for TPR-PPF merger
The Pensions Regulator and the Pension Protection Fund should be combined into one streamlined entity and be open to restructuring deals involving pensions where insolvency is not imminent within 12 months, according to restructuring professionals.