All News articles – Page 7
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NewsAptia seeks to expand service offering with Atkin Pensions acquisition
Administration provider Aptia has also hired Stuart Heatley from Capita to lead a new unit that will provide bundled consultancy and actuarial services.
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NewsBT Pension Scheme connects to dashboard system as PDP hails 75% coverage
The UK’s biggest corporate defined benefit pension scheme has connected its 250,000 members to the pensions dashboards ecosystem, with just under a year to go until the government’s statutory connection deadline.
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NewsMore ‘humane’ approach to pensions inheritance tax rules needed
The House of Lords Economic Affairs Committee is conducting an inquiry into the draft Finance Bill, including the proposed changes to the IHT treatment of unused pension funds.
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NewsLogistics firm agrees buy-in for TPT master trust section
Seabourne Holdings has secured a buy-in with Just Group, insuring a section of the TPT DB Master Trust after five years of outsourced scheme management.
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NewsChurch of England leads investor coalition plan to raise mining industry standards
The Church of England Pensions Board, along with providers including Legal & General and Royal London, have backed an international collaboration on sustainable mining practices.
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NewsLGPS Central confirms six new partner funds as assets top £100bn
Hampshire, Norfolk, Suffolk, Gloucestershire, Oxfordshire, and Wiltshire are confirmed as new members of LGPS Central, as the pool seeks to help break a deadlock at the Isle of Wight LGPS fund.
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NewsBulk annuities latest: Royal London completes £16m buy-in
Plus, Aviva and M&G complete buy-in transactions for unnamed pension schemes sponsored by US parent companies, with combined premiums totalling more than £220m.
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NewsOne in five workers faces retirement poverty as adequacy gap widens
Research from Scottish Widows and Fidelity International shows millions risk poverty in retirement, as longer lives and low engagement threaten future income security.
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NewsMyCSP staff union announces three more weeks of strike action
The Public and Commercial Services union plans a further escalation in its dispute with MyCSP, the outgoing administrator of the Civil Service Pension Scheme, with members preparing to strike from 7 to 28 November.
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NewsFord drives biggest buy-in of 2025 with £4.6bn L&G deal
The transaction covers around 35,000 members of two Ford defined benefit schemes, and is the second largest deal L&G has ever completed.
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NewsLabour MPs turn on government over lack of WASPI compensation
Representatives of WASPI – Women Against State Pension Inequality – received support from around 100 MPs from multiple parties ahead of a legal challenge set to be heard in December.
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NewsChanging state pension age does not tackle wider retirement concerns, SPP warns
The SPP warns that relying solely on raising the state pension age implies that it could increase to 75 or beyond in the coming decades, which would “present significant political and social difficulties and would fundamentally alter retirement expectations”.
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NewsBoost member-nominated trustees through Pension Schemes Bill, MPs told
Representatives of retired former Hewlett-Packard, BP, and American Express workers appeared before the Work and Pensions Committee this week to put the case forward for changes to the bill related to the indexation of DB pensions.
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NewsLGPS expected to join Sterling 20 initiative next year
Senior members of the LGPS, including representatives of the Local Pensions Partnership Investments and LGPS Central pools, attended the government’s inaugural Regional Investment Summit this week.
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NewsIndustry hails ‘major step forward’ as collective DC laws head to parliament
The government will lay legislation in parliament tomorrow paving the way for multi-employer collective DC schemes, and will also consult on ‘retirement only’ arrangements.
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NewsMPs to hear evidence from members, trustees, and TPR on pre-97 indexation
Campaigners, trustees, pension professionals and the Pensions Regulator will all give evidence to the Work and Pensions Committee in relation to discretionary increases and pre-97 indexation.
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NewsRaising auto-enrolment contributions ‘could bankrupt businesses’
With auto-enrolment contributions one of many things the Pensions Commission is considering, new research indicates that many businesses are not in sufficient shape to cope with higher payments.
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NewsNest backs UK businesses through Schroders and IFM commitments
The master trust has allocated to UK private equity through an expanded partnership with Schroders Capital, and has begun deploying money through its arrangement with IFM Investors into UK infrastructure-related businesses.
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NewsUK’s largest pension funds back regional investment drive through ‘Sterling 20’
The move builds on the Mansion House Accord agreed in July, and will be launched at the government’s inaugural Regional Investment Summit in Birmingham.
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NewsPension engagement and profitability ‘go hand-in-hand’, research suggests
Two-thirds of UK businesses that take an active role in educating employees on pensions reported ‘very good’ financial performance, according to new research from Scottish Widows.