All News articles – Page 6
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NewsBritish Business Bank confirms pension investors in £200m first fund
The £3.7bn NatWest Cushon master trust is among the confirmed backers of British Growth Partnership Fund I, targeting investment in high-growth UK companies, the British Business Bank has announced.
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NewsBulk annuities update: Just announces trio of sub-£50m buy-ins
Insurance company Just Group has announced three buy-ins this week, totalling approximately £80m in premiums paid.
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NewsSmart acquires Waystone’s £580m master trust in ‘first of wave’
Smart Pension has acquired the WS Stakeholder Pension Scheme, the first time it has taken on a contract-based defined contribution scheme.
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NewsSPP warns against blanket law change on pre-1997 indexation
The Society of Pension Professionals has urged the government not to impose a universal requirement for DB schemes to grant inflation increases on pre-1997 pensions.
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NewsPPF consults on zero levy as industry awaits Pension Schemes Bill
The lifeboat fund has set out plans to charge a zero levy for the 2026-27 financial year, with fallback options if the Pension Schemes Bill has not passed into law in time to facilitate the zero charge.
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NewsBulk annuities: Wolseley taps £600m buy-in with Aviva
Plus: Troubled pub group Stonegate insures two pension schemes with Utmost, while Transport Friendly Society strikes a deal with Just Group for £3.3m buy-in.
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NewsPMI launches partnership initiative to boost training and development
Three administration providers have signed up as founding members of the PMI’s Development Partnerships programme, after a regulatory report flagged recruitment and retention issues in the sector.
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NewsFrom £160bn to £11bn: Government reins in surplus release estimate
Data highlighted by the Society of Pension Professionals shows that the government’s central estimate for capital released from DB surpluses is less than 10% of the £160bn it cited at the launch of the Pension Schemes Bill.
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NewsSix LGPS funds confirmed as members of expanded LPPI
The Devon, Avon, Dorset, Somerset, Cornwall and Environment Agency pension funds have signed a memorandum of understanding paving the way for them to join the Local Pensions Partnership Investments pool.
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NewsSalary sacrifice changes ‘could put millions of retirements at risk’
The Association of British Insurers has added its voice to opponents of potential changes to salary sacrifice rules, ahead of the Budget speech later this month.
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NewsEx-BoE and Treasury adviser Jagdit Chadha to speak at Pensions Expert Annual Conference
Chadha will give his reaction to the chancellor’s Budget speech, as well as casting a critical eye over the UK’s economic prospects, alongside T Rowe Price’s Tomasz Wieladek and former pensions minister Guy Opperman.
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NewsUpdated sole trustee code launched as TPR eyes increased oversight
The Association of Professional Pension Trustees has updated its code for sole trusteeship to include additional guidance on due diligence and measures providers should take to manage conflicts of interest.
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NewsTPT names trustee board for run-on superfund
The new superfund will be chaired by Aretas Trustees’ Nadeem Ladha, TPT has announced, along with professional trustees from Law Debenture, Bestrustees, and Capital Cranfield.
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NewsLCP calls for radical rethink of state pension age amid fiscal pressures
LCP’s Stuart McDonald and Steve Webb have set out a proposal that would link the state pension age to life expectancy while protecting those with shorter life expectancies.
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NewsBusiness leaders call for DC defaults to be forced to buy UK
More than 250 UK company bosses have co-signed a letter to chancellor Rachel Reeves calling for UK defined contribution (DC) default funds to be forced to allocate 25% of all asset classes to the UK.
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NewsBox Clever members transferred to ITV Pension Scheme to end decade-long saga
Box Clever members have been receiving benefits level with PPF compensation since 2014, but will now see these restored in full and back payments made after members were transferred to the ITV scheme on 1 October.
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NewsBulk annuities latest: Just, Canada Life and L&G announce deals
This week’s announcements include buy-ins for a transport and logistics company, Ford’s motor racing arm, and the producer of Irn-Bru.
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NewsScrapping salary sacrifice could cut take-home pay for staff, SPP warns
The Society of Pension Professionals has warned against making changes to salary sacrifice rules amid mounting speculation that Rachel Reeves could explore such a move in her Budget this month.
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NewsGovt sets out financial inclusion drive with payroll savings and curriculum reform
The government has set out plans to expand payroll savings initiatives as a core part of its new financial inclusion strategy, published this week.
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NewsLGPS funds invest in regional airports as schemes up infra allocations
The West Midlands and Cheshire local authority pension funds have invested in a portfolio of regional airports through a partnership established by the LGPS Central pool.