All articles by Nick Reeve – Page 26
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NewsAutomation ‘could save DB schemes £300m a year’
Automation could save defined benefit (DB) pension schemes tens of thousands of pounds a year, according to research by Spence & Partners.
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NewsTPR to scrutinise ‘systemically important’ professional trustee firms
Professional trustee firms have become “systemically important” to the industry and will be a focus for regulation in the coming years, according to the Pensions Regulator (TPR).
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NewsIndustry doubts prospect of success of Mansion House reforms
Less than a third of pension industry professionals believe the Mansion House reforms will be effective, according to the Pensions Management Institute (PMI).
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NewsBulk annuity latest: Construction group seals £16m buy-in
Building company John Graham Construction has completed a £16m buy-in with Legal & General (L&G).
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NewsLGPS in surplus as assets hit record £400bn
Local authority pension funds across England and Wales had an aggregate funding level of 106% at the end of March 2024, according to Isio.
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NewsWTW urges higher default contribution levels to boost saving
Higher default contributions, more decumulation options and appropriate investment strategies should all help improve pension adequacy, WTW says.
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NewsTPR Annual Funding Statement: Is your scheme’s strategy fit for purpose?
Endgame options, climate risk and sponsor covenant all feature prominently in TPR’s latest annual funding statement.
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NewsUse surplus to restore inflation protection, say trustees
The call comes as DB schemes are enjoying their largest aggregate surplus in years, and the government is seeking to provide more flexibility over accessing this money.
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NewsSPP urges care over PPF valuation changes
Proposed changes to valuation metrics for schemes in the Pension Protection Fund’s (PPF) assessment period could push smaller funds away from better options in the insurance market, according to the Society of Pension Professionals (SPP).
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NewsWhat we learned from the FCA’s retirement data
Pensions Expert delves into the numbers released by the regulator this week to explore what they say – and what they don’t – about the UK’s retirement landscape.
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NewsPPF as a consolidator: the pros and cons
The pensions industry has called for caution as the government considers expanding the remit of the Pension Protection Fund (PPF) to become a public consolidator for defined benefit (DB) schemes.
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NewsWhy consumer confidence could undermine pots for life
Research by Barnett Waddingham has shown consumers to be keen on the government’s pots for life concept – but a lack of confidence in decision-making could hamper its success.
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NewsTPR statement of strategy plan ‘asking too much’
The Pensions Regulator’s (TPR) proposal for scheme statements of strategy will create significant additional and unnecessary workloads for trustee boards, industry professionals have warned.
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NewsLifeSight to back private equity LTAF launch
The LifeSight master trust is to invest up to 5% of its default option into a new private equity-focused long-term asset fund (LTAF) soon to be launched by WTW.
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NewsBulk annuity latest: Just Group announces two buy-ins
Insurance company Just Group has announced two bulk annuity transactions worth a combined £190m.
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NewsSupport for government surplus access plans
Defined benefit (DB) schemes could generate half a trillion pounds in surplus payments over the next decade, according to Van Lanschot Kempen.
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NewsStrathclyde to switch £4bn into low-carbon indices
The Strathclyde Pension Fund has begun moving approximately £4bn into low-carbon equity index strategies as part of an overhaul of its investment strategy.
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NewsCall for ban on cash incentives for pension switching
Pension providers should be banned from giving individuals cash incentives to switch to them, according to the People’s Partnership.
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NewsHMRC rushes to implement lifetime allowance changes
A government update has raised more questions about the hasty abolition of the lifetime allowance.
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NewsBulk annuity latest: De Beers seals £870m buy-in
Four bulk annuity deals worth a combined £1bn have been announced this week, further demonstrating the significant amount of activity in the insurance market.