All News articles – Page 72
-
NewsSmiths Group scheme secures final £640mn buy-in
On the go: The £1.7bn TI Group Pension Scheme has completed a £640mn buy-in with Rothesay, covering its remaining uninsured members.
-
NewsPandemic to affect life expectancy ‘by less than 1%’
On the go: Insurers only expect the coronavirus pandemic’s impact on future mortality improvements to affect life expectancy by less than 1 per cent, the Institute and Faculty of Actuaries has said.
-
NewsFCA supports regulation of ESG ratings
On the go: The Financial Conduct Authority has expressed its support for the regulation of environmental, social and governance data and ratings agencies after consulting the industry.
-
NewsOpperman: Employers should provide ‘rainy-day fund’ to keep staff
Pensions minister Guy Opperman has argued there is a need for employers to have a savings product offering, in addition to a pensions package, as a means of retaining staff.
-
NewsTrustees urged to include ESG factors in covenant assessment
On the go: Accounting for Sustainability and the Employer Covenant Practitioners Association have teamed up to launch a “top tips” guide for considering environmental, social and governance risk in the employer covenant process, hailed by the Pensions Regulator chair Sarah Smart as “an important first port of call for trustees”.
-
NewsRise in number of DB schemes appointing advisers to continue
On the go: A growing number of defined benefit pension schemes are offering new benefits to members such as appointing a financial advice company, according to consultancy LCP.
-
NewsOne in 10 pause contributions due to cost of living crisis
On the go: Around one in 10 savers have cut back or stopped contributing to their pension as a result of stagnant wages and inflation, according to a new report.
-
NewsDWP’s dashboards consultation criticised over launch date proposals
A second government consultation into pensions dashboards has been criticised over plans to give schemes just 90 days’ notice before the dashboards go live, with experts warning of a capacity crunch.
-
NewsAE levels out as employers seek change to age threshold
Workplace pension participation is stalling after reaching a rate of 88 per cent of eligible employees last year, according to new figures from the Department for Work and Pensions.
-
NewsTPR supports actuaries’ climate report, Smart commits to net zero
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including a new climate change report for actuaries, Smart Pension announcing a net zero target for 2040, and savers supporting the government’s push for greener pensions.
-
NewsGovt sets 2040 gender state pension gap goal
The government has revealed a goal of eliminating the gender state pension gap by 2040, while pointing to auto-enrolment as a tool to decrease the overall savings shortfall between men and women.
-
NewsFour in five DB transfer requests raise scam warning
On the go: Four in five (83 per cent) defined benefit transfer requests have raised one or more warning flags, according to XPS Pensions Group.
-
NewsIndustry calls for clarity on TPR’s enforcement powers
Industry experts, though broadly supportive of the Pensions Regulator’s approach to its new enforcement powers, have nonetheless called for additional clarity in how they will be used, with some concerned that outcomes could be determined in part by “luck”.
-
NewsBMA votes to expedite McCloud remedy and recycle pensions
The British Medical Association is expected to push for the expedition of the McCloud remedy and the introduction of pension recycling rules in the NHS Pension Scheme, after backing from its members in its annual representative meeting.
-
NewsB&CE and building company botch pensions complaint
The Pensions Ombudsman has ordered B&CE and a building company to compensate an individual, after the employer failed to pay a year’s worth of contributions to his pension and took an excessive amount of time to deal with the complaint.
-
NewsSchemes urged to seek GMP advice on past bulk transfers
On the go: Pension schemes that have paid bulk transfer values have been told to seek specific advice on how the Lloyds 2020 guaranteed minimum pension judgment affects those payments.
-
NewsPDP connects first commercial dashboard provider
On the go: The Pensions Dashboards Programme has completed the connection of the first commercial dashboard provider, alongside another integrated service provider.
-
NewsRetirement guidance is improving but decumulation challenges remain
On the go:Support available to those approaching retirement is improving, particularly in master trusts, but a comprehensive framework is still required to ensure all savers get the help they need, according to new research.
-
NewsSmall pots group revisits pot-follows-member solution
The small pots working group has come up with three recommendations to consolidate the large number of small defined contribution pension pots in the UK, one of which includes the pot-follows-member solution, which has been touted before.
-
NewsONS reveals schemes’ overseas investments and assets
On the go: The Office for National Statistics has published data on UK-funded occupational pension schemes’ overseas assets and direct investments for the first time.