All articles by Nick Reeve – Page 7
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NewsWhat the Pensions Commission will do – and what it won’t
The government has set out the terms of reference for the Pensions Commission, but also omitted several areas as being “out of scope” – which has led one former pensions minister to warn that the commission has “one arm tied behind its back”.
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NewsChurch scheme secures £4m buy-in as smaller deals set to increase
New endgame options and macroeconomic conditions have slowed the bulk annuity market, according to Broadstone, but deals for smaller pension schemes are expected to continue to grow.
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NewsTrustees urge Pensions Commission to consider housing and rental costs for retirees
The Association of Member Nominated Trustees has called for the new commission to incorporate housing costs into their research on pensions adequacy.
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NewsPensions Commission relaunched: ‘Significant job to finish’ on retirement living standards
Pensions UK, the industry trade body, will feed into the new Pensions Commission, while the regulator and the Institute for Fiscal Studies have also voiced their support.
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NewsGovernment resurrects Pensions Commission to oversee adequacy review
Baroness Jeannie Drake – who was one of the authors of the Turner Report – is one of three senior figures tasked with investigating retirement income adequacy and inequalities.
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OpinionThe Friday Takeaway: DWP prepares some light holiday reading
Pensions Expert editor Nick Reeve looks forward (again) to a momentous week for the UK pensions sector.
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NewsTPR outlines ‘new strategy’ for trusteeship standards in corporate plan
Customer service, value for money and improving governance are among the Pensions Regulator’s key priorities for the year ahead as it looks to pave the way for the changes heralded by the Pension Schemes Bill.
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NewsNow Pensions slapped with £100k fine for reporting failures [updated]
The master trust and its trustee company have been fined £50,000 each over communication failings and issues around reporting incidents to the Pensions Regulator.
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In DepthIn Depth: Sole trustee providers reviewing their operations as popularity soars
Sole trusteeships increased by 13% year-on-year, according to Hymans Robertson, despite increased scrutiny of professional trustee firms from the Pensions Regulator.
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NewsLiz Kendall indicates adequacy review to begin next week
The work and pensions secretary told MPs yesterday that she was “very concerned” about the challenges facing pension savers and that the government would have “more to say” next week before parliament goes to recess.
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NewsPMI criticises omission of adequacy review from Mansion House speech
Rumours had swelled in recent days that the chancellor would use her address to announce phase two of the government’s Pensions Review.
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NewsRachel Reeves ‘confident’ that investment mandation won’t be necessary
The chancellor addressed the financial services industry at an event in London last night, unveiling plans to encourage individual savers to invest more rather than hold savings in cash.
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NewsSmart targets £10bn by next year as Mody takes over as chair
Raj Mody will succeed Andy Cheseldine as chair of Smart Pension’s master trust board on 1 September.
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OpinionThe Friday Takeaway: Time for a Mansion House Adequacy Accord?
The government may find its options limited when trying to improve pensions adequacy, writes Pensions Expert editor Nick Reeve. It may be left to the industry to work on improving retirement outcomes.
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NewsAsset managers get behind ‘targeted support’ drive for pension savers
The asset management industry’s trade body has said the planned ‘targeted support’ regime for people approaching retirement will be “critical” in ensuring good outcomes.
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NewsNest approaches £50bn and begins paying back government loan
The master trust made a “modest” profit for the first time in the 2024-25 financial year, allowing it to begin repaying its £1.2bn government loan.
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NewsBoE governor warns against mandation as Bell promises ‘opt out’
The governor of the Bank of England has voiced opposition to potential policies to mandate how pension schemes invest – an intervention described as “nuclear” by a former pensions minister.
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NewsOwn-trust DC schemes ‘have the edge’ over master trusts, research shows
Barnett Waddingham research shows that employers with larger DC schemes are not always choosing to consolidate into master trusts, with single-employer approaches winning on factors such as member engagement.
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NewsDB schemes ride out Q2 volatility to retain strong funding position
Ongoing tariff negotiations and the Autumn Budget are among the risks trustees must navigate over the coming months, as well as ongoing discussions around surplus release.
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OpinionThe Friday Takeaway: We’ve got bills, they’re multiplying
Defined benefit pension schemes have been left rather upset by an unexpected bill, but could be rescued by a different Bill, as Pensions Expert editor Nick Reeve explores.