All articles by Nick Reeve – Page 21
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NewsMeet the new bosses: Key appointments in Labour government
Sir Stephen Timms, former chair of the Work and Pensions Select Committee, has been appointed minister of state in the Department for Work and Pensions (DWP).
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NewsBrookfield and Utmost to enter bulk annuity market
North American financial services giant Brookfield is set to become the latest insurance provider in the bulk annuity market.
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NewsPLSA calls for government focus on DC decumulation, Funding Code
The new Labour government needs to fast-track the implementation of the Defined Benefit (DB) Funding Code as one of its first priorities for the pensions sector, according to the Pensions and Lifetime Savings Association (PLSA).
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NewsElection 2024: The pensions industry reacts
Pensions Expert rounds up views from the industry as Sir Keir Starmer’s Labour Party prepares to take power following the general election.
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NewsPMI launches innovation initiative as part of strategic overhaul
The Pensions Management Institute (PMI) has established a Global Innovation Centre to enhance its work on innovative and collaborative solutions for the UK pensions sector.
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NewsPIC seals biggest buy-in of the year with £1.2bn TotalEnergies deal
The transaction follows a £1.6bn buy-in a decade ago and means the whole scheme is now insured.
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NewsUniversities urged to tackle DB pension costs
Universities should act to control the running costs of their defined benefit (DB) pension schemes, according to a new report from Spence & Partners.
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NewsL&G unveils DC target-date range and private markets LTAF
The financial services giant has also launched a new range of target-date funds under the brand “Lifetime Advantage”.
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NewsAre employers short-changing staff through auto-enrolment?
Some of the UK’s largest employers may have been passing the costs of automatic enrolment onto their staff through lower take-home pay, according to research.
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NewsStandard Life completes £880m buy-in of Rolls-Royce-Bentley scheme
The deal is one of the biggest bulk annuity transactions announced so far this year and includes the conversion of a 2013 longevity swap contract.
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NewsInnovation Interviews: How Cardano embraces AI
Felix Mantz, director at Cardano Advisory, gives Pensions Expert a tour of how his company is using cutting-edge technology to enhance its services to trustees.
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NewsCourt rules members should not lose out on DB amendments
A judge has ruled that members of a defined benefit (DB) scheme that lost out when it moved to a career average benefit structure can be reimbursed, while those who benefitted can keep their amended pensions.
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NewsInnovation Interviews: Penny probes for lost pension pots
Fintech startup Penny’s head of pensions David Henderson explains how an app set up by two brothers has now helped reunite hundreds of users with more than £300m of ‘lost’ pensions.
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NewsLGPS fund nets share of $434m Under Armour settlement
The North East Scotland Pension Fund has landed a windfall from a legal case in the US after sportswear manufacturer Under Armour tabled a $434m (£342.7m) settlement.
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NewsData casts doubt on Conservatives’ state pension pledge
Data from LCP has called into question the Conservative Party’s “triple lock plus” policy and its promise to pensioners that they will “never” be taxed on their state pension.
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NewsProfessional trustee firms on hiring spree as demand surges
The number of professional trustee appointments has surged by 11% over the past 12 months, with firms intensively recruiting to meet the current demand and future growth expectations.
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NewsElection 2024: Sir Steve Webb reviews the party manifestos
Former pensions minister Sir Steve Webb has welcomed Labour’s decision not to mention the lifetime allowance in its general election manifesto – but warned that it does not mean the policy is completely off the table.
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FeaturesPension policy roundup: What made the manifestos?
With the election campaign heating up before 4 July, Pensions Expert explores the main issues at stake for political parties including Reform UK, the Scottish National Party, and Plaid Cymru.
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NewsErrors ‘could cost DC members thousands’ in lost contributions
Data errors affecting defined contribution (DC) scheme members are becoming “increasingly commonplace” and could cost them thousands in lost payments, according to Hymans Robertson research.
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NewsBulk annuity update: L&G targets £65bn in new business by 2028
Legal & General (L&G) expects to write up to £65bn worth of bulk annuity business by 2028, according to a business update.