All articles by Pádraig Floyd – Page 5
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NewsGAD analysis identifies LGPS pay and pension gender gaps
Female members of the Local Government Pension Scheme (LGPS) for England and Wales suffer considerable gender pay and pensions gaps, according to a new report from the Government Actuary’s Department (GAD).
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NewsTreasury to bear risk of unfunded legacy public sector schemes
Members of the reformed public sector pension schemes will no longer bear the costs of legacy schemes under the government’s solution to its 2015 public sector pensions changes, the Treasury has confirmed.
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NewsHalf of freelance workers not saving for their retirement
Almost half (45%) of freelance and other self-employed workers do not save into a pension, according to new research.
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NewsLord Mayor: DC funds hold UK's future growth in their hands
Defined contribution (DC) pension funds offer the key to turbocharging the growth of the UK’s fintech sector, according to Nicholas Lyons, Lord Mayor of London, speaking at DG Publishing’s DC Strategic Summit on Monday 15 May.
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NewsQuietroom launches service to get companies consumer duty ready
Communications consultancy Quietroom has announced the launch of a new audit service to help Financial Conduct Authority (FCA) regulated businesses get up to speed with the FCA’s new consumer duty requirements.
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NewsDC funds adoption of ESG investments accelerates
How defined contribution (DC) schemes invest has been a topic of much debate with various government consultations threatening change and offering opportunity in equal measure. The master trust sector clearly wishes to be seen to be driving forward the debate, aiming to set the investment agenda and also offer more sophisticated investments to members.
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NewsPensions Expert will go on (under new ownership)
Pensions Expert has been acquired by DG Publishing, a specialist provider of pensions information and events.
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NewsReport: parliamentarians call for greater accountability of regulators
A group of Conservative MPs, including former ministers and a previous chair of the Competition and Markets Authority, have called for greater parliamentary accountability of the UK’s regulators.
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NewsSix providers score gold for financial wellness offerings
Six workplace pension providers have been awarded an overall gold rating in Benefit Guru’s third annual Financial Wellness ratings.
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NewsReport: UK workers face more than £115,000 retirement income deficit
That people are not saving enough for their retirement is a well established fact. But a new report has put a figure of £115,000 as the deficit those who rely solely on pension contributions will face once they retire.
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NewsThree-quarters of UK adults are ignorant of their pension savings
Three in every four people (75 per cent) are ignorant of how much they have saved in their pensions, according to new research by Standard Life.
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NewsLDI: all in it together, but some responsibilities are regulators’ alone
The Pensions Regulator published new guidance on April 24 that outlined how leveraged liability-driven investment should be used within defined benefit schemes’ investment strategies.
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NewsReal estate asset managers set to miss carbon reduction targets
New research shows that almost all commercial real estate assets managed by asset management companies will fail to reach their carbon emissions reduction targets.
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NewsDisappointment over DB funding code delay
When the Pensions Regulator released its 2023-24 corporate plan last week, it revealed that it had put its long-awaited and much-vaunted defined benefit funding code on the back burner.
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NewsInflation falls but remains high enough to do damage
The hopes of analysts waiting with bated breath for the latest inflation rates have been dashed, after the headline figure is shown to have remained in double digits at 10.1 per cent, according to the latest data from the Office for National Statistics.
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NewsDB funding remains strong, but transfers remain high risk
The March 2023 PPF 7800 index estimates the aggregate surplus of the 5,131 schemes it covers to have decreased over the month to £359.3bn as of March 31, from a surplus of £381.4bn at the end of February, a fall of almost 6 per cent.
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NewsUCU declares ‘historic victory’ over recovery of ‘stolen pensions’
The University and College Union declared a “historic victory” on April 17 after members voted overwhelmingly by 85 per cent to move forward with pension proposals agreed with employers, leaving the door open for benefits to be restored.
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NewsNext generation will live beyond their means in retirement
A generation of retirees is unsure about their financial position and needs support to understand it, according to a new study by The Wisdom Council, published on April 4.
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NewsUSS confirms full restoration of benefits on course for April 2024
The Universities Superannuation Scheme has confirmed that restoring benefits cut last year will cost less than employers and staff are currently paying into the pension scheme.
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NewsBank of England: LDI strategies need 250bp collateral buffer
The Bank of England’s Financial Policy Committee announced on March 29 a recommendation to the Pensions Regulator that it specify “minimum levels of resilience” in relation to pension schemes’ liability-driven investments to avoid damaging feedback loops from being forced sellers of assets.