All News articles – Page 257
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Intergenerational fairness debate heats up as inquiry is launched
Analysis: An inquiry into intergenerational fairness, aiming to bring more clarity to the often heated debate about who gets what from the state and employers, has been welcomed by experts.
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Strong covenants offer schemes more slack on investment risk
Schemes with strong employer covenants could find it easier to take on more investment risk, experts have said, in light of the Pensions Regulator’s increased focus on integrated risk management.
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NewsRegulator’s approach withstands first AE judicial review
A High Court ruling has approved the Pension Regulator’s approach to itinerant employees working overseas, providing the industry with clarification on a “grey area” of auto-enrolment legislation.
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NewsBank error slows Shell pension payments to members
A Bacs processing error at Royal Bank of Scotland last week caused delays in pension payments to 30,000 members of oil giant Shell’s UK defined benefit schemes.
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And they all saved happily ever after… Uni preps students on AE
Lincoln University is entering uncharted territory as it launches a series of workshops for its students on all things money, advocating the need for planning and saving.
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Burgeoning buyout arena threatens pricing, schemes urged to prepare
The growing number of players in the UK buyout market may, counterintuitively, make it more difficult for pension schemes to get quotations from insurers, industry experts have said.
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FCA data show Pension Wise take-up is still low
More should be done to encourage pension engagement in the workplace, experts have said, after the latest data from the Financial Conduct Authority show low use of Pension Wise.
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NewsNI police pension payment glitch puts spotlight on admin
A technical error at the Police Service of Northern Ireland pension scheme has caused a delay in the payment of pensions to 12,000 former police officers and dependants.
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NewsAsset derisking could leave a funding gap
UK defined benefit pension schemes have removed nearly half of their funding level risk over the past decade, but new research has questioned whether asset derisking has gone too far.
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Regulator warns small employers with new year AE reminder
The Pensions Regulator has written to small and micro employers across the country reminding them of new workplace pension requirements, but experts say it will need to take a harder line to drive up compliance.
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NI government offers early retirement to teachers aged 55+
The Department of Education in Northern Ireland has approved a £33.1m scheme offering premature retirement terms to members over 55 years old to make space for new hires in the workforce.
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NewsSiemens issues resolution to prevent trapped surplus
Siemens, one of the world's largest electrical companies, is allowing its defined benefit scheme to make payments to the sponsoring employer, as schemes scramble to maintain their ability to prevent trapped surplus.
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NewsTesting market conditions greet 2016
Market volatility is here to stay, experts have said, urging defined benefit trustees to assess their risk management frameworks and eliminate unintended exposures as the year kicks off.
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NewsA lot to get to grips with: the legal and regulatory outlook for 2016
Legal and regulatory change was abundant last year and 2016 looks like it will continue in the same vein, as both the UK and Europe are churning out legislation and rules affecting occupational pension schemes.
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NewsLow for longer (but longing for higher) rates
Analysis: The US Federal Reserve’s decision on Wednesday to push rates up may mark the end of an era, but investment experts say UK pension funds should expect little more than a small amount of volatility as a result.
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LGPS under fire on costs to members
Reporting and cost disclosure across the Local Government Pension Scheme must become more transparent, experts have said, as a new report highlights wide disparity in the levels of charges passed on to scheme members.
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Just over half of LGPS have procedures for legal breaches
A little over half of public sector pension schemes have procedures set up to handle breaches of law, but experts have said scheme governance is improving markedly among local government pension schemes.
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GMP reconciliation: Digging up the bodies
With the arrival of the new state pension and the end of contracting out, schemes have until 2018 to clean up their act on guaranteed minimum pensions data, but they need to get in the queue by April.
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NewsSecondary annuities: Govt starts putting down advice parameters
Many pensioners hoping to sell their annuities on the open market will be required to seek financial advice before doing so, the government has announced, as the industry awaits further detail on the structure of the secondary annuity market.
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Regulator aims to 'eradicate surprises' with risk management guide
The Pensions Regulator has issued a practical guide on integrated risk management to help trustees assess and respond to covenant, investment and funding risks, but experts have said schemes will need additional help.