All News articles – Page 91
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News
PIPA Awards – deadline for entries extended
The Pension and Investment Provider Awards 2022 deadline for entry submissions has been extended to March 11.
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NewsRegulators need advice and guidance take-up targets
On the go: Conservative MP Nigel Mills has argued that the government needs to set a target or benchmark on what the level of take-up of advice and guidance needs to be for pension savers.
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NewsChemicals manufacturer scheme completes full £9mn buy-in
On the go: The Lakeland Laboratories Limited 2012 Retirement Benefit Scheme has completed a full £9mn buy-in with Just Group.
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NewsCoronavirus triggers medium-term uncertainty over liabilities
On the go: The coronavirus pandemic is driving uncertainty over life expectancies over the next five to 10 years, according to new research.
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NewsCommuters face travel chaos as TfL workers strike over pension cuts
Commuters on the London Underground face two days of travel chaos as Transport for London staff strike over planned pension cuts.
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NewsOmbudsman requests more info on state pension changes from DWP
On the go: The Parliamentary and Health Service Ombudsman is waiting for the Department for Work and Pensions to send evidence relating to the communication of changes to the women’s state pension age.
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NewsPublic sector savers need to sort LTA protections before April
On the go: Members of public sector schemes are being advised to take action before April to keep their protection against lifetime allowance charges, as part of the McCloud remedy.
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NewsLawsuit against USS to proceed as High Court overturns dismissal
On the go: A lawsuit against Universities Superannuation Scheme directors over their handling of the scheme’s 2020 valuation is to proceed, after the High Court ruled against attempts to deny the legal action.
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NewsAE reform unlikely to get through in time for Queen’s Speech
On the go: Pensions minister Guy Opperman has said the auto-enrolment reform bill will not get through in time for the Queen’s Speech in May.
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NewsMerseyside Pension Fund delays Israeli investments decision
Councillors responsible for the £10bn Merseyside Pension Fund have delayed a decision over its investments in companies active in occupied Palestinian territories.
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NewsHigh Court resolves Merchant Navy ill-health pensions conundrum
The High Court has approved a settlement over ill-health benefits in the Merchant Navy Ratings Pension Fund, which will see members compensated via lump sum arrears and increased pensions to those who had not been treated in accordance with scheme rules.
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NewsAsset manager consolidation and scheme maturation increase fees
On the go: Investment management fees across some asset classes have moved upwards after years of decline, according to new research.
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NewsPodcast: Universal charges could harm master trust competition
Podcast: The intent behind universal charges on default funds is sound, but the method — such as the introduction of flat fees — risks harming the master trust sector and restricting access to pensions, according to The People’s Pension’s director of policy Phil Brown. He his joined by his colleague, head of pensions policy Tim Gosling, to discuss charge structures, decumulation solutions, and baffling pensions jargon.
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NewsPLSA calls on companies to improve ESG disclosures
On the go: The Pensions and Lifetime Savings Association is calling on companies to improve their disclosures on climate change, executive remuneration and diversity, as it updates its Stewardship and Voting Guidelines.
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NewsEarnings trigger remains unaltered in auto-enrolment expansion bill
A bill to expand automatic enrolment, to be debated in parliament on February 25, will not look to remove the £10,000 earnings trigger contrary to initial expectations.
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NewsGovt could tweak transfer amber flag rules for overseas investments
On the go: The Department for Work and Pensions may amend defined benefit transfer scam rules so that low-risk overseas investments are no longer flagged.
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NewsGovt called to include paid-for advertising in online safety bill
On the go: Consumer group Which? is calling on the government to include paid-for advertising in the online safety bill, in a response to the boom in online scams.
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NewsTPR publishes example to help trustees with new ESG duties
On the go: The Pensions Regulator has published an illustrative example to help trustees and advisers comply with their environmental, social and governance duties, as it revealed it will start contacting schemes that are now in the scope of the new regulations.
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NewsUSS deal pushed through as unions threaten more strikes
Employers have agreed a deal with the trustee of the Universities Superannuation Scheme that will stave off “ruinous” contribution rate hikes resulting from its controversial 2020 valuation, but unions are threatening further industrial action over what they say amounts to a 35 per cent cut to member benefits.
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NewsMPs back amendment against political divestments by LGPS
MPs in the House of Commons have approved an amendment that would allow ministers to issue guidance stymieing the ability of public sector pension schemes, including the Local Government Pension Scheme, to pursue politically motivated boycotts and divestment policies.