All News articles – Page 78
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NewsFCA urges BSPS members to quickly file complaints
The Financial Conduct Authority has written to individuals who transferred out of the British Steel Pension Scheme in 2016, urging them to file their complaints as soon as possible.
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NewsMaps aware living squeeze could see savers dip into their pensions
On the go: The Money and Pensions Service has said it is “mindful” of the ongoing living cost crisis and the pressure it is placing on savers’ pension pots.
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NewsAltmann: Pension providers prioritise fees over people
On the go: Pension providers pay too much attention to short-term fee income rather than long-term product solutions to the pensions gap, a former government pensions minister has warned.
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NewsLifetime allowance punishes disciplined savers, PensionBee says
On the go: The lifetime allowance should be scrapped as it penalises disciplined savers, the chief executive of PensionBee has said.
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NewsLambeth eyes affordable housing, BCPP picks ESG data provider
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the London Borough of Lambeth Pension Fund planning investment in affordable housing, and the Border to Coast Pensions Partnership appointing an ESG data provider.
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NewsPodcast: Partial AE reform should be prioritised before long-term fix
Podcast: The absence of auto-enrolment reform from the Queen’s speech means the government will be hard-pressed to meet its middle-of-the-decade deadline to achieve it. The priority should be getting the most important parts done as quickly as possible, and introducing the rest of the 2017 reform proposals enacted longer-term. Sackers partner Helen Ball and Mark Ormston, chair of the Industry Policy Committee at the Pensions Administration Standards Association, discuss auto-enrolment, online safety and the proposed value for money framework.
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NewsTUC urges govt action on ‘whopping’ gender pensions gap
The income gap between men and women in retirement has reached 38 per cent, more than twice the level of the gender pay gap, as women continue to be at a disadvantage in their later years.
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NewsBrookfield to safeguard HomeServe DB pensions in £4bn deal
On the go: Canadian asset manager Brookfield has said that it will retain repair business HomeServe’s current defined benefit pensions arrangements, following the announced agreement of a £4bn takeover of the company.
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NewsRailways scheme urges patience as it reviews early retirement
On the go: The Railways Pension Scheme is reviewing its early retirement factors and is advising members considering taking early retirement that they should wait until the review is completed before making their decision.
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NewsFree tool launched to help pension transfer clients identify scams
On the go: Help & Advice has introduced a scam predictor to allow those considering a pension transfer to check whether they are at risk of being scammed.
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NewsDundee University staff plan strike action over DB scheme closure
On the go: More than 100 University of Dundee staff will be balloted on strike action after rejecting plans to close its defined benefit scheme to new members, Unite the union has announced.
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NewsCapita Pensions Solutions narrows 2020 losses with restatement
On the go: Capita Pensions Solutions has cut its 2020 pre-tax losses by £200,000 after revenues and costs from a 2017 contract were retrospectively recognised in its income statement.
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NewsMajority of FTSE 100 execs overlook Opperman workplace savings appeal
Pensions minister Guy Opperman has said that more companies should offer payroll savings mechanisms to their employees.
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NewsHymans Robertson calls for AE credits to tackle gender gap
Hymans Robertson has called for the creation of auto-enrolment credits in a bid to tackle the gender pensions gap, which would see the government paying pension contributions for people taking career breaks.
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NewsPASA bolsters cyber attack admin checklist amid crime surge
The Pensions Administration Standards Association has published a new cyber crime checklist, advising administrators to keep up to speed with legislation and assess their vulnerabilities to cyber attacks amid a spike in online criminal activity.
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NewsJames Walker scheme agrees full £43mn buy-in
On the go: The James Walker (Leith) Limited Retirement Benefit Scheme has agreed a full £43mn buy-in with Just Group.
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NewsPLSA’s retirement living standards now cover 35mn members
On the go: Pension scheme communications from more than 100 organisations now provide up to 35mn members with access to the Pensions and Lifetime Savings Association’s retirement living standards, the industry body has announced.
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NewsPerceptions of TPR’s performance quality deteriorate in 2021
The perception of the Pensions Regulator’s performance quality diminished last year, according to the watchdog’s ‘Perceptions of TPR’ report
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NewsBT awards $1bn private equity mandate to Hermes
On the go: The £57.5bn BT Pension Scheme has awarded a $1bn (£801.4mn) private equity mandate to Hermes GPE, further building on two previous private equity investments with the manager.
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NewsGovernment issues call for evidence on climate investment
On the go: The UK government is exploring ways to increase the mobilisation of public and private investment to achieve 2030 climate and nature targets in emerging and developing economies, having launched a call for evidence on May 12.