All articles by Rolhat Zen-Aloush – Page 4
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NewsAMNT updates red line voting policies due to regulatory changes
On the go: The Association of Member Nominated Trustees has updated its 'red line' voting policies to reflect industry and regulatory changes since the campaign was first launched in 2016.
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NewsA third of DB schemes now have professional trustees
On the go: The number of defined benefit schemes with a professional trustee on its board has increased by 60 per cent in five years, with a third of pension funds now using these services, according to consultancy LCP.
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NewsACA calls for more time to comply with pension scams rules
On the go: The Association of Consulting Actuaries has said administrators and trustees will need more time to comply with new pension scam rules being introduced by the government.
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NewsUK DB scheme surplus increases £41bn in May
On the go: The aggregate surplus of 5,318 defined benefit schemes eligible for the Pension Protection Fund increased by £40.9bn in May.
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NewsResearch tech DB scheme receives £8.1m additional deficit payment
On the go: Oxford Instruments made an additional deficit recovery payment of £8.1m to its defined benefit pension scheme in the year ending in March 2021.
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NewsNest launches bulk transfers service for employers
On the go: Nest will be offering a “robust and efficient” bulk transfers service for UK employers, which will allow members’ abandoned pots to be automatically transferred to new ones
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NewsUK pension funds target net zero and Aegon moves £5bn into ESG assets
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with UK pension funds pledging to commit to net- zero by 2050, and Aegon to transition a further £3.5bn of its workplace default funds in June.
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NewsFCA announces expectations for publication of costs and charges data this summer
On the go: The Financial Conduct Authority has announced it will allow pension providers to disclose their charges at a scheme level rather than employer level for this year when data are published under new rules this summer.
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NewsAon sells US businesses to complete merger with WTW
On the go: Aon has sold two US businesses in order to complete its merger with Willis Towers Watson, after concerns were raised by the US Department of Justice.
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NewsCushon acquires Northern Ireland master trust
On the go: Pension provider Cushon has acquired the Workers Pension Trust, a master trust in Northern Ireland, after raising £26m in a funding round.
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NewsUK to lead TCFD disclosures by 2025 for all companies
On the go: The Taskforce on Climate-related Financial Disclosures is to launch a consultation on best practice for measuring investors’ alignment with a “net zero” future later this month.
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NewsTfL to review pension scheme as part of new funding package
On the go: Transport for London will be conducting a review of its £10.6bn defined benefit scheme as part of a new government package.
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Muslims missing out on pensions worth £13bn due to sharia concerns
One-third of Muslims in the UK do not have a pension due to the lack of sharia-compliant pension options, missing out on an estimated £12.8bn in savings for retirement, which has prompted calls for trustees to introduce Islamic funds in defined contribution schemes.
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NewsTwo-thirds of schemes to increase allocation to social investments
On the go: Sixty-six per cent of pension schemes expect to increase their allocation to social investment passive funds over the next three years, new research has shown.
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NewsOmbudsman gives providers a month to update transfer processes
The Pensions Ombudsman expects pension providers to update their transfer processes, due diligence checks and member communications within one month of the new scams regulatory guidance being issued.
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NewsPPF could receive DWP loan for Fraud Compensation Fund
On the go: A bill has been introduced to parliament that will enable the Pension Protection Fund to receive a loan from the Department for Work and Pensions in order to make fraud compensation payments.
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NewsFTSE 100 scheme funding stays flat despite £200bn contributions
On the go: FTSE 100 companies have seen the funding position of their defined benefit schemes remain broadly unchanged since the financial crisis, despite sponsor contributions of more than £200bn, a report by LCP has shown.
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NewsCo-op pensions aim to achieve net-zero by 2040
On the go: The Co-op has partnered with the Make My Money Matter campaign to engage with its employees in order to increase transparency on how their pension pots are invested and better understand their sustainability priorities.
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NewsDemand for punchier real estate debt strategies on the rise
On the go: Demand for punchier real estate debt strategies among Bfinance’s international institutional client base grew significantly in 2020 and remained strong in 2021.
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NewsTrustees not fully aware of new code of practice requirements
On the go: Many trustees are not fully aware of the requirements of the Pensions Regulator’s new code of practice, a survey by Barnett Waddingham has found.