All News articles – Page 96
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NewsGovt proposes ‘find and view’ dashboards amid public sector delay
The government will be moving forward with the ‘find and view’ functionality on pensions dashboards from launch day, despite industry concerns about the size of the task ahead, while it acknowledged that public sector schemes will only be onboarded in 2024 due to the “considerable work” caused by the McCloud remedy.
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NewsNorthern Bank agrees two buy-ins, Phoenix signs reinsurance deals
Riskwatch: A roundup up of the latest derisking transactions, including Northern Bank Pension Scheme’s two buy-in transactions with Aviva, and Phoenix Group’s two longevity reinsurance transactions with a MetLife subsidiary.
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NewsProfit warnings from DB sponsors jump two-thirds
On the go: Profit warnings issued by UK-listed companies with defined benefit pension schemes leapt by 69 per cent between the third and fourth quarters of 2021.
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NewsOmbudsman cracks down on trustees with new anti-scam unit
The Pensions Ombudsman has launched a new specialist team dedicated to investigate breaches of trust, and allegations of dishonest and fraudulent behaviour by pension scheme trustees.
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NewsUCU confirms strike action in February over USS dispute
The University and College Union has confirmed its members will participate in another round of industrial action in February in response to the ongoing dispute with employers over the Universities Superannuation Scheme.
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NewsManufacturing company agrees £75m buy-in
On the go: The Triplex Lloyd Final Salary Plan has agreed a circa £75m bulk annuity transaction with Legal & General Assurance Society for the Doncasters section of the defined benefit scheme.
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NewsIndependent school teachers to strike over scheme withdrawal
On the go: Teachers working in the Girls’ Day School Trust’s independent schools have voted to strike over the trust’s plan to exit the Teachers’ Pension Scheme.
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NewsLGPS Central commits to net zero, PIC invests in urban regeneration
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including LGPS Central committing to net zero, and Pension Insurance Corporation investing in an urban regeneration project.
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NewsPension professionals demand dashboards and climate action
On the go: Pensions dashboards and climate change action ranked as the joint top priority for Society of Pension Professionals members, according to a new survey.
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NewsDC market consolidates by nearly 40% in a decade
On the go: The defined contribution market has shrunk by almost 40 per cent over the past 10 years, according to data published by the Pensions Regulator.
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NewsStrong start is key to dashboards success, study finds
On the go: The pensions dashboards initiative needs to hit the ground running and offer a comprehensive ‘find and view’ service from its point of launch in order to maximise its chances of success, according to Ipsos Mori research.
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NewsFinancial regulators sign deal to ensure fair compensation
On the go: The UK’s financial regulatory bodies have agreed to collaborate on matters of common interest and ensure fair compensation for consumers.
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NewsUCU proposes solution to avoid further USS strikes
The University and College Union has presented a new set of proposals it says will avert future strike action over Universities Superannuation Scheme benefits.
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NewsOpperman declines to give timetable for auto-enrolment expansion
Industry experts have expressed disappointment at the lack of a timetable for expanding auto-enrolment, following a debate on the topic in Westminster Hall.
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NewsSchemes unsure where to start with net zero pledges
Net zero pledges are now one of the industry’s most pressing challenges and, while progress is being made, significant barriers remain, inhibiting many pension schemes from making environmental commitments.
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NewsChurch of England puts pressure on miners, PIC invests in student halls
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the Church of England Pensions Board pushing miners on standards, the Pension Insurance Corporation’s investment in low-carbon student accommodation, and a pledge by the Net-Zero Asset Owner Alliance to halve portfolio emissions by 2030.
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NewsDefined benefit transfers fall to lowest level in four years
On the go: The number of defined benefit transfers has fallen to its lowest level since 2018, according to data from XPS Pensions Group.
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NewsTPR to accept CDC applications from August
The Pensions Regulator has published its draft code of practice governing authorisation for collective defined contribution schemes, and is set to begin accepting applications from August.
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NewsFOS has 98% uphold rate for BSPS transfer cases
On the go: The Financial Ombudsman Service has revealed it has a 98 per cent uphold rate for British Steel Pension Scheme complaints against companies that gave transfer advice.
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NewsFiduciary managers downplay pandemic disruptions
More than three-quarters of fiduciary managers endured control failures in 2020, despite “widespread claims” to the contrary, according to a new report from IC Select.