All News articles – Page 5
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Arcadia secures scheme merger ahead of wind-up
A High Court ruling has approved the merger of collapsed retailer Arcadia’s two pension schemes, citing a “moral obligation” to put them on an equal footing.
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Trustee body slams UK Stewardship Code changes as ‘unacceptable’
The Association of Member Nominated Trustees has criticised the FRC for what it deems the “emasculation” of a key principle of the existing UK Stewardship code.
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TPR overhauls DC supervision to support ‘megafunds’ growth
The Pensions Regulator (TPR) is to split its oversight of defined contribution pension funds into four categories as part of a major overhaul designed to reflect the changing nature of the sector.
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Centrica reduces DB scheme contributions as deficit narrows
Centrica will pay around £30m a year less into its defined benefit pension schemes as a result of a significant reduction in the overall deficit.
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Why trustees must keep ahead of greenwashing risks
‘Greenwashing’ by asset managers and other entities can leave trustees exposed to legal, regulatory and reputational risk, a law firm has warned.
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How trustee boards are tackling the fallout from the Virgin-NTL case
The ICAEW reports three different approaches being taken by trustee boards when reviewing past scheme amendments in relation to last year’s Virgin-NTL ruling.
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UK Investment Summit: Speaker line-up revealed
The chief executives of the National Wealth Fund and the British Business Bank are to deliver keynote speeches at Pensions Expert’s UK Investment Summit on 27 February.
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‘Strategically significant’ pension funds to come under TPR’s spotlight
TPR’s chief executive has set out the regulator’s priorities for 2025 and appealed for “ideas and solutions” from the industry.
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USS rules out bid for healthcare property developer Assura
The £77.9bn pension scheme has opted not to pursue a bid for healthcare property investor Assura that it had previously submitted with KKR.
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Private markets: DC funds plot 'outsized' UK allocations
Master trust providers plan to back the government’s push for greater investment in productive finance with “outsized” domestic allocations, according to research.
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Bulk annuities latest: Utmost to overhaul IT infrastructure
Plus, buy-in deals sealed by Standard Life and Legal & General worth a combined £620m.
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TPR turns up the heat on pension schemes
Data shows that the Pensions Regulator requested more formal interviews with individuals in 2024 than in the previous five years combined.
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Government urged to rethink LGPS contribution rules
Kensington and Chelsea’s move to a 0% contribution rate for 2025-26 should spark a rethink of contribution rules and guidance, says LCP.
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Data shows gender pension gap is growing
New studies illustrate that the pension savings gap between men and women is growing and will continue to do so without positive action from employers and policymakers.
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UK pension market growth slowest among largest peers
New research shows a drop in UK pension assets as a proportion of the largest pension markets in the world.
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Kensington and Chelsea aims to cut employer contributions to zero
The local authority pension fund’s investment committee has defied actuarial advice to vote through the change – and could face backlash from central government, members and the regulator.
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LGPS funds mulling divestment from Israel-related assets
Funds within the Local Government Pension Scheme are considering their investments linked to Israel amid divestment campaigns.
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How master trusts could save on private markets investment fees
As it prepares to deploy capital into unlisted asset classes, The People’s Pension has published a report on how to do this in a cost-effective way.
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LGPS chief urges councils to preserve pension resources
The chair of the Local Government Pension Scheme’s advisory board has urged local councils not to cut the budgets of their pension teams as officials come under pressure to cut costs.
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Nest buys stake in infrastructure manager IFM Investors
The master trust has bought a 10% stake in Australian infrastructure manager IFM Investors as part of a partnership arrangement to ramp up its private markets allocation.