All articles by Pensions Expert – Page 22
-
Opinion
Governance and investment: What are the duties of employers and providers?
Andy Cheseldine from Capital Cranfield, Nasir Rafiq from Islamic Relief Worldwide, Ami Bartrip from the Financial Times, Caroline Roberts from VisitBritain, Mark Rowlands from Nest, Jason Green from the Finance & Technology Research Centre and Rosemary Lemon from Hays consider the responsibilities of employers and providers in relation to scheme management and default investment.
-
News
UK sees launch of first superfund
The UK is seeing the launch of its first so-called superfund, designed to consolidate defined benefit schemes, with an initial £500m of capital subject to transaction approvals.
-
News
Govt says it has learnt from BSPS saga
Lessons "can and will be" learnt from the British Steel Pension Scheme events, the government has said, but stands by the outcome involving a regulated apportionment arrangement and new pension scheme.
-
News
BT sweetens DB closure with promise of 'hybrid' scheme
BT has announced the closure of its defined benefit scheme and agreed to work with the Communication Workers Union over a forthcoming ‘hybrid’ solution.
-
News
DB white paper promises tougher fines and consolidation drive
Employers who wilfully or recklessly put their defined benefit pension schemes at risk are in the firing line of new punitive fines announced in a government policy statement released on Monday.
-
News
TPR and FCA seek input for joint strategy
The Pensions Regulator and the Financial Conduct Authority are jointly calling for input on regulating the pensions and retirement sector.
-
News
United Utilities faces two-day strike over pensions
About 1,500 United Utilities employees are expected to walk out on Friday and Monday because of the company's plans to change the final salary scheme to a hybrid arrangement.
-
News
Field urges FCA to cast net wider on transfer advice
The Work and Pensions Committee has urged regulators “to get their houses in order now” to protect pension scheme members from another mis-selling scandal.
-
News
New British Steel Pension Scheme meeting size and funding tests
Under the terms of the agreement between Tata Steel UK and the BSPS relating to the regulated apportionment arrangement, the New BSPS will only go ahead if certain conditions are met – including conditions related to size and funding level.
-
News
Canary Wharf govt hub to include ombudsman but not FCA
The Pensions Ombudsman has said it is moving offices from London Victoria to a newly renovated "government hub" in London's financial district Canary Wharf on April 3 this year. This follows a previous announcement by the Financial Conduct Authority that it will move from Canary Wharf to Stratford in north east London this year.
-
News
Striking academics turn down pension offer
The University and College Union has voted to reject proposals agreed by the union and Universities UK over pension pay, meaning lecturers will continue to strike.
-
News
Govt creates taskforce to boost private social impact investment
Theresa May has commissioned an industry taskforce on social impact investment, led by vice-chair of Allianz Global Investors Elizabeth Corley.
-
News
DB deficits increase in February
Defined benefit deficits across schemes eligible for the Pension Protection Fund have increased to £72.1bn at the close of February 2018, from a deficit of £51bn at the end of January 2018.
-
OpinionHow can employers, providers and trustees work together to ensure good governance?
Rosemary Lemon from Hays, Caroline Roberts from Visit Britain, Nasir Rafiq from Islamic Relief Worldwide, Mark Rowlands from Nest, Ami Bartrip from the Financial Times, Jason Green from Finance & Technology Research Centre and, Andy Cheseldine from Capital Cranfield, discuss the importance of governance in delivering good member outcomes.
-
News
UUK and UCU strike pensions deal
Universities UK, which represents employers, and the University and College Union have said they reached an agreement on Monday in the dispute about the closure of academics' defined benefit arrangement.
-
News
Shadow work and pensions secretary 'stood down'
The Labour Party’s shadow work and pensions secretary, Debbie Abrahams, has been forced to leave her role over allegations reportedly related to claims over her behaviour.
-
News
Anglian Water in spat with three unions
Anglian Water has refused to meet unions GMB, Unite and Unison for talks at a conciliation service over the closure of its defined benefit pension scheme, prompting them to accuse it of provoking industrial action.
-
News
Civil service scheme overpaid pensioners by £22m
Pensioners of the Civil Service Pension Scheme have received historic overpayments of £22m and face reduced pensions to correct the mistake.
-
News
Healthcare company pleads guilty to misleading TPR
A Birmingham-based healthcare company and its managing director have pleaded guilty to misleading the Pensions Regulator about enrolling staff into a workplace pension, after a whistleblower raised the alarm.
-
News
Government commits to 2018 cold-calling ban
The Department for Work and Pensions has committed to banning pensions cold calls by June this year, bowing to pressure from MPs and peers to bring forward its timetable for taking action.