All News articles – Page 33
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NewsWhy pensions schemes are ‘attractive targets’ for cyber criminals
The CrowdStrike outage this summer provided another reminder for trustees of the importance of contingency plans in case of technology issues.
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NewsMore ESG reporting raises risk of legal challenges for trustees
A lawyer has warned of increased litigation risk over environmental policies, saying that “it will only take one case for duties to be extended or flexed”.
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NewsTPR grows investment team and vows to ‘probe’ strategies
The Pensions Regulator has set out its expectations for trustees’ investment strategies and decision-making, as schemes face increased pressure to allocate to UK assets.
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NewsPLSA urges caution on potential tax relief changes
No alternative tax relief system is perfect, the trade body says, as it calls for the government to focus on fairness, simplicity and sustainability in any changes.
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NewsEmployers recognise pension provision shortfalls, research shows
Employers are planning to address retirement adequacy over the next two years as they are concerned about their staff’s pension prospects, according to WTW.
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NewsLiving Wage data lends weight to 12% contributions call
Workers earning the UK Living Wage of £12 an hour would need to save 12% of salary to replicate this income in retirement, research has shown.
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NewsUncovering the truth of pension schemes’ UK allocations
New research from the PPI shows a complex, dynamic picture of UK asset allocation, while Nest estimates that it will invest £20bn in the UK by 2030.
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NewsTPR’s Neil Bull to speak at the DB Strategic Investment Forum
The regulator’s executive director of market oversight will explain TPR’s approach to DB schemes’ endgame planning as well as the productive finance agenda.
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News10 questions that will shape the Pensions Review
Consolidation, value for money and UK investment are the central areas of the government’s call for evidence to inform its Pensions Review.
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NewsDashboards: Act now so we don’t have to, says TPR
“Failure is not an option”, says the regulator’s Nina Blackett as TPR sets out its compliance and enforcement policy for pension dashboards.
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NewsPIC insures Coats scheme in £1.3bn buy-in
The biggest buy-in of 2024 so far includes a deferred premium arrangement and the in-specie transfer of illiquid assets.
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NewsTax relief: Rumours abound as chancellor pressed on plans
The PLSA has played down speculation about tax relief changes after a “drafting error” detailing the pensions minister’s appearance at its annual conference sparked rumours online.
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NewsData a ‘fundamental problem’ for dashboards: Opperman
The former pensions minister expresses “disappointment” that the dashboards project has not yet been fully implemented.
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NewsInvestment latest: Railpen invests in waste management company
Also: Future Planet Capital launches dedicated pension vehicle for UK high growth companies, and Aviva opens venture capital business to external investment.
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NewsThree firms sign up to Dashboard Operators Coalition
Moneybox, NatWest Cushon and Smart Pension have all signed up to the Dashboard Operators Coalition, an industry group of potential providers of pension dashboards.
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NewsLCP takes over executive functions at National Grid scheme
The executive and governance team at the £11.8bn National Grid UK Pension Scheme has transferred to consultancy group LCP.
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NewsWhat TPR wants from Value for Money consultation
The regulator has called for industry input on measures of service quality and forward-looking performance metrics to build out its Value for Money framework.
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NewsUK facing ‘cliff edge’ on pension provision
The UK is facing a “cliff edge of challenges” for its £2trn pensions system including low engagement, poor savings levels and low productivity, according to Mercer.
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NewsTrustees increase focus on endgame planning
Almost nine in 10 trustees of defined benefit (DB) pension schemes are expected to decide their endgame strategy within the next five years, new research suggests.
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NewsBulk annuities latest: Scottish Milk scheme insures with Just for £42m
The latest defined benefit insurance transactions also include a £34m deal for the Macmillan charity’s scheme.