All articles by Pensions Expert – Page 18
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News
DWP expects superfunds to have 99% probability of success
On the go: The Department for Work and Pensions has outlined its thinking on the regulation of commercial defined benefit consolidation vehicles in a consultation, removing a major hurdle to scheme sign-up.
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News
Field and PPF express concerns over Johnston Press deal
On the go: Chair of the Work and Pensions Committee Frank Field has written to the Pensions Regulator about its engagement with Johnston Press on its pension scheme, which has now entered a Pension Protection Fund assessment period. The PPF has also raised concerns over the deal.
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Opinion
DC Debate Q4: A pensions policy wishlist
After many years of tinkering, many in the pensions industry pray for no news and stability in the Department for Work and Pensions’ policy announcements. But what changes could benefit savers, rather than the taxman? Five defined contribution experts discuss.
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Opinion
DC Debate Q4: AE changes to protect the needy
Five defined contribution experts discuss whether the government should raise minimum contribution levels further than currently planned, and how to help low earners and the self-employed.
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News
Barnardo's scheme loses Supreme Court RPI appeal
On the go: Children's charity Barnardo's may not change the inflation protection it provides to members of its defined benefit scheme, the Supreme Court has ruled.
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NewsPatient capital in DC: Worth the risk?
From the blog: Philip Hammond wants pension funds to invest in patient capital, and publishing a policy paper on the subject for the second Budget in a row, it appears his approach is rather, well, patient.
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News
University of Manchester staff vote for strike action over pension closure
On the go: Support staff at the University of Manchester have voted overwhelmingly to take strike action over plans to cut and close their pension scheme.
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News
TPR and FCA launch joint strategy
On the go: The Financial Conduct Authority and the Pensions Regulator have launched a joint regulatory strategy to deliver better outcomes for pension savers and those entering retirement.
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PodcastsPodcast: What does the future hold for LDI?
Podcast: The popularity of liability-driven investment strategies among defined benefit pension funds has increased over the years. In 2017, the total notional value of liabilities hedged by LDI strategies continued to grow, rising to £965bn from £904bn, according to XPS Pensions research. In this episode, Nick Harvey, principal at XPS Pensions, discusses how scheme exposure to LDI has changed over time, and what the future holds for this type of investment strategy.
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News
UK lost pension pots could be worth £20bn
On the go: An estimated 1.6m pension pots worth almost £20bn are lost and could remain unclaimed without government intervention, according to research conducted on behalf of the Association of British Insurers.
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News
TRIG endorses new initiative for transfer framework
On the go: The cross-industry Transfers and Re-registration Industry Group has thrown its support behind an initiative aimed at raising governance standards over pension transfers.
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News
Regulator issues Scottish teachers' scheme with improvement notice
On the go: The Pensions Regulator issued the Scottish Teachers’ Pension Scheme 2015 with an improvement notice earlier this year, following the scheme’s failure to provide benefit information statements to around 14,000 members.
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News
PPF: UK DB liabilities drop by another £40bn
On the go: Defined benefit funding levels have risen over September, bringing the UK's aggregate deficit to £38.7bn on the Pension Protection Fund's section 179 basis.
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News
Nortel bought out after 9-year struggle
On the go: The UK pension scheme of failed telecoms giant Nortel has been bought out with Legal & General in a £2.4bn transaction, bringing nine years of uncertainty for members to an end.
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PodcastsPodcast: DC default design - Make sure you understand your members
Podcast: Last month, Pensions Expert reported that trustees of the Lloyds Bank Pension Scheme No.1 had overhauled the default offering for their DC members. In this episode, Lydia Fearn, head of DC and financial well-being at consultancy Redington, and Maria Nazarova-Doyle, senior investment consultant and head of DC investment consulting at JLT Employee Benefits, discuss the most important factors for trustees to consider when designing or reviewing their default investment strategy.
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News
Four bosses banned for bad transfer advice
On the go: The Insolvency Service has handed lengthy bans to four company managers for a range of offences in relation to bad pension transfer advice.
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News
TPR fines more than treble in a year
On the go: The value of fines issued by the Pensions Regulator has shot up to £42m in the year to March 31 2018, compared to the £12.6m of fines handed down over the previous 12 months.
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News
Mercer parent's JLT acquisition brings consulting giants under one roof
On the go: Marsh & McLennan, the insurance broker and consultancy that owns Mercer, has announced it is to buy Jardine Lloyd Thompson for $5.6bn (£4.3bn) in cash.
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News
TPR to introduce one-to-one supervision for 25 biggest schemes
On the go: The Pensions Regulator has introduced a new supervision regime, which includes one-to-one supervision of 25 of the largest schemes in the UK, and will aim to monitor all schemes more closely.
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News
DC value: Small schemes falling short of standards
On the go: Small defined contribution schemes are not meeting the Pensions Regulator’s expectations when it comes to demonstrating value for members, according to its latest research.