All News articles – Page 90
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NewsIs now the time for schemes to consider natural capital?
More thematic funds are creating opportunities for schemes to engage with natural capital, but the need for more robust frameworks is paramount, experts claim.
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NewsMcCloud legislation on track for April
On the go: Secondary legislation necessary for the implementation of the McCloud remedy is on track to be published by April 1, and another round of consultations is due before October, the government has confirmed.
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NewsDashboards’ staging deadline too ambitious for LGPS
The government’s timetable for dashboards’ integration is likely to be too ambitious for the Local Government Pension Scheme, with administering authorities bogged down by other challenges, its pensions committee has warned.
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NewsPension providers call for personalised advice rules
On the go: Pension providers have called on MPs to change advice rules to allow them to offer more personalised guidance.
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NewsChurch of England Pensions Board secures £160mn buy-in with Aviva
On the go: The £3.7bn Church of England Pensions Board has agreed a £160mn bulk purchase annuity buy-in with insurer Aviva Life & Pensions UK for its circa £646.1mn Church Workers Pension Fund defined benefit scheme.
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NewsEight out of 10 young adults demand earlier pension saving
On the go:More than eight in 10 young people want pension saving to begin before individuals reach the age of 22 — the default age from which employees are automatically enrolled into a workplace pension.
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NewsLGPS Russian exodus under way as TPR tells trustees to ‘be vigilant’
Local Government Pension Scheme funds are racing to slash their portfolios’ exposure to Russia and reassure members over the crisis, while the Pensions Regulator has issued new guidance to trustees expecting them to “be vigilant” on this matter.
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NewsUCU threatens yet more strikes over employers’ USS deal
On the go: The University and College Union has threatened yet more industrial action, including a marking and assessment boycott, as the row over the resolution of the Universities Superannuation Scheme’s 2020 consultation escalates.
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NewsGovernment to impose McCloud costs despite significant opposition
The government has confirmed it will impose the costs of the McCloud remedy on public sector schemes’ 2016 valuations, despite its consultation garnering significant opposition from members and trade unions.
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NewsPandemic could cut FTSE 100 DB contributions by £5bn
On the go: The wider health effects of the coronavirus pandemic could see FTSE 100 defined benefit scheme sponsors slash longer-term contributions by around £1bn a year, new research has revealed.
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NewsOpperman promises GMP conversion tax fix
On the go: Pensions minister Guy Opperman has clarified some of the provisions in a bill regarding guaranteed minimum pensions conversion, and pledged to work with HM Revenue & Customs on the tax implications.
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NewsDe La Rue avoids DB scheme contribution hike
On the go: Money printer De La Rue has agreed a new schedule with its pension scheme, which will allow it to maintain its deficit repair contributions at £15mn a year until March 2029, saving it £57mn in cash payments.
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NewsTPR publishes guidance for trustees on Pension Wise appointments
On the go: The Pensions Regulator has published new guidance for trustees who will be required to offer Pension Wise appointments for savers who want to access their defined contribution pensions.
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NewsPension giants call govt to adopt AE expansion
Some of the UK pension industry’s big beasts have joined forces to demand an expansion of auto-enrolment to capture young people, part-time workers and those on lower incomes.
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NewsDC focus turns to member outcomes but retirement uncertainty remains
Data crunch: Despite almost half of defined contribution schemes now stating their main aim is to deliver adequate retirement income for members, 63 per cent do not know what is the expected outcome for a typical member at retirement, according to new research.
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NewsBorder to Coast hires consultant, Kempen sets carbon target
ESG spotlight:A roundup of the latest news on environmental, social and governance initiatives, with the Border to Coast Pensions Partnership appointing a climate change consultant, and Kempen Capital Management setting a carbon emissions goal for its portfolios.
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NewsDC schemes target private markets as room for illiquid assets increases
Data crunch: UK defined contribution pension schemes poured around £1bn into private markets last year as the search for yield intensified, according to MandateWire data.
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NewsSchemes retaliate over Russia’s invasion of Ukraine
Some of the UK’s most prominent pension schemes are dialling down their exposure to Russian assets in response to its attack on Ukraine.
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NewsNest piles pressure on Unilever over healthy eating
On the go: Nest has backed a resolution calling on consumer goods giant Unilever to make its food products healthier.
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NewsSurvivors must wait for McCloud remedy for pensions clarity
Survivors of deceased public sector scheme members may have to wait for the McCloud remedy to be implemented before discovering whether they are entitled to any of their spouse’s pension, a government minister has said.