All Pension Schemes Bill articles – Page 3
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NewsGovernment to remove LGPS investment power from Pension Schemes Bill
The government has proposed to remove a paragraph in the Pension Schemes Bill that would have given it the power to direct investments by LGPS asset pools.
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In DepthAmendment Watch: What changes are being proposed to the Pension Schemes Bill?
More than 270 amendments to the Pension Schemes Bill have been put forward for consideration by the parliamentary committee scrutinising the draft legislation. Pensions Expert looks at some of the most significant proposals.
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NewsBell fights back as pensions industry unites against investment mandation
Pensions minister Torsten Bell has argued that the proposed reserve power to mandate investments, contained in the Pension Schemes Bill, is necessary because of a “collective action problem” across the industry.
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NewsScottish LGPS funds to come in scope of Pension Schemes Bill
The pensions minister has tabled a series of amendments to the Pension Schemes Bill aimed at bringing Scottish Local Government Pension Scheme funds into the scope of the bill.
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NewsGovernment seeks to mitigate Virgin Media issue with Pension Schemes Bill amendments
Trade bodies, including the representative groups for actuaries and pension lawyers, have been lobbying the Department for Work and Pensions for months in relation to the issue, which relates to the interpretation of section 37 of the Pension Schemes Act 1993.
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NewsLib Dems table ‘universal advice’ amendment to Pension Schemes Bill
Liberal Democrat and Plaid Cymru MPs have tabled several major amendments to the Pension Schemes Bill as a parliamentary committee prepares to scrutinise the proposed legislation.
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OpinionThe Friday Takeaway: All eyes on parliament
The Pension Schemes Bill will be scrutinised by a committee of MPs next week, and there’s the prospect of another pensions-related bill on the horizon too, if the regulator gets its way.
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NewsPensions UK to lobby for changes to mandation rules in Pension Schemes Bill
The retirement industry trade body is to step up lobbying against investment mandation when the Pension Schemes Bill returns to parliament next week.
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NewsBorder to Coast could reach £110bn as seven LGPS funds seek to join
Seven members of the ACCESS LGPS pool have stated their intention to switch to Border to Coast, a move that would significantly increase the latter pool’s assets under management.
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NewsShould pension schemes access illiquid markets through investment trusts?
Former pensions minister Baroness Ros Altmann is among those calling for closed-ended listed funds to be included in the scope of the Pension Schemes Bill to give more options for private markets investment.
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NewsPension funds bring in Australian ratings firm to support value for money work
SuperRatings – which assesses Australian superannuation funds – attended an industry event to help UK pension funds and regulators develop this country’s value for money regime.
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FeaturesFive Questions For… Morten Nilsson, Brightwell
Pensions Expert spoke to Brightwell chief executive Morten Nilsson about the government’s surplus release plans, and how he envisages sharing the BT Pension Scheme’s experiences with the wider market.
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FeaturesCase study: First Bus bypasses master trusts for a bespoke DC route
First Bus’ defined contribution (DC) pension scheme has opted not to consolidate into a master trust so far. Head of pensions Muntazir Hadadi explains why, with contributions from the scheme’s lawyer and members.
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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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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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NewsSackers poll: Surplus reform and decumulation top industry wish list
Trustees and employers have backed surplus flexibility and retirement income solutions in the Pension Schemes Bill – but Sackers warns that pensions adequacy risks being overlooked.
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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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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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NewsHow employers plan to change their DC pension provision
The anticipated overhaul of DC pension schemes through the Pension Schemes Bill could see a majority of employers make changes to their provision, research indicates.