All News articles – Page 8
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NewsPensions dashboard to be tested on ‘non-pensions’ people for first time
Launched this month, the first “low volume” testing phase for the dashboards will involve “non-pensions specialists” and will pave the way for higher-volume work next year.
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NewsThe evolving nature of trusteeship: accreditation, consolidation and AI
With the pensions sector facing up to impending consolidation across the board, the Association of Member Nominated Trustees (AMNT) has voiced concern about member representation in larger pension schemes.
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NewsPensions UK outlines feasibility study for small pots consolidation
Pensions UK Annual Conference: A feasibility review of small pots consolidation, overseen by Pensions UK, has found that more than a million pots under £1,000 could be consolidated, while approximately 800,000 pots are unlikely to be consolidated.
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NewsAddressing legacy data issues ‘has power to transform the pensions industry’
Pensions UK Annual Conference: Data quality was once seen as an administrative afterthought but is now a strategic priority fundamental to every aspect of scheme management, delegates heard.
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NewsHow allocators are reassessing defence sector investments
Asset managers have been increasing the amount they invest in defence-related companies in the past three years, says Morningstar – with even ESG funds reassessing their approaches.
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NewsTorsten Bell: Time for pension ‘heroes’ to do right by savers
Pension scheme trustees and providers can play pivotal roles in a pension industry driven by a vocational need to do its best by savers, according to the pensions minister.
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News‘Traffic light’ approach to VfM underperforms in consumer testing
The Financial Conduct Authority proposed a ‘red, amber, green’ ratings system for DC schemes last year. Credit: Wikimedia The ‘red, amber, green’ proposed approach to value for money in defined contribution (DC) pension schemes has performed poorly in a recent behavioural finance exercise commissioned by The People’s ...
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NewsPensions Commission: Interim report expected in the spring
Baroness Jeannie Drake and Professor Nick Pearce addressed the Pensions UK Annual Conference this week to outline their approach to assessing and addressing adequacy issues.
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NewsCapita fined £14m over data breach that affected schemes including USS
Capita was hit by a cyberattack in 2023 that saw the personal data of approximately 6.6 million people stolen, including pension records and other financial data. This included around 470,000 USS members.
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NewsLong-term solutions needed to address adequacy issues
Pensions UK Annual Conference: Improvements in state pension provision have not been matched in the private sector, and the industry faces an uphill battle to solve its adequacy problem.
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NewsRaising the state pension age a complex issue, conference hears
Pensions UK Annual Conference: Raising the state pension age would be a tricky ask, and the ongoing review will likely have to consider wider societal issues such as health and productivity issues.
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NewsPensions UK Annual Conference - live blog coverage from Manchester
Live coverage from Manchester of the trade body’s first conference since its summer rebrand as Pensions UK.
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NewsPensions industry confident of sector’s resilience in face of major reforms
More than three quarters of pensions industry professionals expect the sector to successfully navigate the significant reforms proposed over the next few years, according to new research from trade body Pensions UK.
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News‘More flexibilities’ for trustees to consider in DB Funding Code
Three-quarters of respondents quizzed during a recent webinar hosted by LCP said they believed there was more for trustees to consider, including aspects of covenant, surplus, and investment strategy.
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NewsDC schemes should consolidate to support guided retirement aims, TPR says
The Pensions Regulator has once again urged small pension schemes to consolidate to ensure they comply with forthcoming duties related to decumulation contained within the Pension Schemes Bill.
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NewsActuarial watchdog to develop technical guidance after Virgin Media rulings
The guidance will help actuaries who are asked to sign off on legacy pension scheme amendments retrospectively – an issue that has been plaguing certain private sector DB pension schemes since a 2023 court ruling.
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NewsL&G announces new leadership for institutional retirement business
Gareth Mee will take over as chief executive of Legal & General’s institutional arm, which includes its bulk annuity services, in December this year.
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NewsTPT plots superfund launch to support schemes targeting run-on
The planned superfund would be the second to hit the market after Clara Pensions, and the first not explicitly targeting an insurance endgame.
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NewsPrivate markets to hit $24trn in value globally by 2030
Pension funds are expected to drive the continuing growth of private markets assets, with infrastructure and private debt expected to overtake real estate in value globally.
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NewsSchemes expect spike in activity from pensions dashboards
More than a third of pension schemes are bracing for a major surge in member activity once pensions dashboards launch, according to new research.