All News articles – Page 98
-
NewsHigh Court hands De La Rue victory over £20m pensions bill
De La Rue, the banknotes manufacturer, has avoided adding £20m to its pension scheme’s liabilities after a judge ruled in its favour over how certain members’ deferred benefits should be revalued.
-
NewsThe Pension SuperFund revamps executive structure
On the go: The Pension SuperFund has announced the appointment of a new chief executive officer as part of a governance shakeup as it awaits authorisation from the Pensions Regulator.
-
NewsDWP tweaks 'stronger nudge' in response to industry complaints
The Department for Work and Pensions has announced several changes to its proposed “stronger nudge” in response to industry concerns, with the aim being to lessen the burden of administering them.
-
NewsSlash EU red tape and use pension money to level up, Aviva boss says
On the go: The government should use Brexit to loosen insurance regulation in order to “put our country’s pension funds to national use”, Aviva chief executive Amanda Blanc has said.
-
NewsLord Myners, author of institutional investment study, dies aged 73
On the go: Lord Paul Myners, a city grandee who investigated institutional investment for the Labour government in 2001, has died.
-
NewsWarning 7,000 NHS staff could retire as pension penalties loom
On the go: Quilter has warned there could be an exodus of NHS staff in March as Covid-19 rules, which prevented workers from receiving a financial penalty, come to an end.
-
NewsMultimillion-pound pension fraud suspect changes plea to guilty
On the go: A defendant charged with participating in a multimillion-pound pension fraud has changed his plea to guilty at a hearing.
-
NewsAccountancy institute publishes DB guidance for auditors
On the go: The Institute of Chartered Accountants in England and Wales has published new guidance aimed at helping auditors understand defined benefit pension scheme figures and establishing best practice when filing requests for information.
-
NewsJust two bulk annuity insurers are signed up to UK Stewardship Code
Only Aviva and Scottish Widows have signed up to the UK Stewardship Code out of the eight bulk annuity insurers, new LCP research has highlighted.
-
NewsAccess pool appoints illiquids alternatives consultant
On the go: The Access pool, which handles £32.6bn in pension assets for 11 Local Government Pension Scheme funds worth a collective £55.6bn, has selected MJ Hudson as its implementation adviser for the pooling of illiquid assets.
-
NewsOpperman rules out mandatory guidance for 50-year-olds
Pensions minister Guy Opperman has ruled out the prospect of automatic appointments for 50-year-olds with Pension Wise as it would be expensive and ineffective.
-
NewsPLSA targets ‘adequate income’ for 2022
On the go: Securing a policy regime that guarantees an adequate retirement income for most savers will sit at the top of the Pensions and Lifetime Savings Association’s list of priorities this year, it has announced, with the industry body advocating for the expansion of auto-enrolment.
-
NewsImperial Tobacco agrees £1.8bn deal, charity completes full buy-in
Risk watch: A roundup up of the latest derisking transactions, including the Imperial Tobacco Pension Fund’s 1.8bn deal with Standard Life, and the Royal National Mission to Deep Sea Fishermen Retirement Benefit Scheme’s full buy-in with Legal & General.
-
NewsBorder to Coast increases investments in private markets
On the go: The £34.6bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective of £55bn, has committed a further £1.2bn to private markets.
-
NewsCushon Master Trust hires bond managers
On the go: The £1.1bn Cushon Master Trust has appointed Wellington Management and Lombard Odier Investment Managers to handle the bond element of its new investment strategy, which focuses on sustainable investments and is launching in early 2022.
-
NewsPension ages need a rethink as life expectancy falls
On the go: The government should rethink its plans to increase the state pension age as life expectancy estimates show a further decline, according to a former pensions minister.
-
NewsAccess pool criticised by LGPS board over policy failings
Investment pool Access has earned the ire of the Local Government Pension Scheme Advisory Board, having failed to implement a policy on member representation that was decided in 2017.
-
NewsWhat UK pension schemes can learn from abroad about reaching net zero
The UK is said to be leading on climate change; however, there are examples of best practice seen internationally that schemes could follow in the push for net zero.
-
NewsStandard Life moves 1.5m savers into sustainable default funds
On the go: Standard Life, part of Phoenix Group, is moving £15bn of assets and 1.5m pension clients to a default strategy that will mainly provide a passive, lower-cost sustainable solution.
-
NewsHigh Court rebuffs police officers’ McCloud judicial review
The High Court has rejected a judicial review claim brought by the Police Superintendents’ Association against the government’s McCloud consultation, despite finding legal errors in the process.