All Tesco articles
-
NewsOpperman: 12mn people are under-saving for retirement
Pensions minister Guy Opperman has told MPs that around 12mn people are under-saving for their retirement, accounting for 38 per cent of the nation’s working age population.
-
NewsBW’s Sara Cook elected president of the Pensions Management Institute
On the go: The Pensions Management Institute has appointed Barnett Waddingham principal Sara Cook as its president.
-
News60% of pension funds don’t expect to meet net zero goals
Sixty per cent of a group of large pension funds across North America, Europe and Australasia believe they will fail to achieve their net zero goals under current conditions, new research has revealed.
-
NewsTesco: 9 in 10 members seek trust and safety in an ESG strategy
Members want a responsible investment strategy to deliver growth, but they also want to have trust in their scheme and ensure their savings are safe, according to research on Tesco’s defined contribution scheme members.
-
NewsEighteen new pension firms sign up to UK Stewardship code
On the go: Wales Pension Partnership, the Pension Protection Fund and Barnett Waddingham are among the 18 new pension companies that have successfully signed up to the UK Stewardship Code.
-
News
How to win a PIPA and influence judges
The March 11 deadline for submissions into this year’s Pension and Investment Provider Awards is fast approaching.
-
NewsUK bulk annuity deals drop at the end of 2021
Data crunch: The volume of bulk annuity transactions edged downwards towards the end of last year, according to new research, although buy-ins and buyout deals rose between Q3 and Q4.
-
NewsSupermarket pension schemes commit to net zero
On the go: The Tesco Plc Pension Scheme and the Tesco Retirement Savings Plan, which together have assets of more than £24bn, have pledged to reach net zero by no later than 2050.
-
NewsRenewed calls for charges transparency in annual statements
On the go: Six in 10 pension savers are unaware of the charges they pay on retirement savings, prompting new calls for increased transparency for charges on annual pension statements.
-
NewsGuidance needed to boost DC access to illiquid opportunities
New guidance on fund-level liquidity management is required to bolster illiquid investing by defined contribution schemes, the Bank of England has said, despite stopping short of recommending an overhaul of daily dealing requirements.
-
NewsRailpen targets net-zero, LGPS funds invest in renewable assets
ESG spotlight: AA roundup of the latest news on environmental, social and governance initiatives, with the Railways Pension Scheme pledging to reduce carbon emissions, Local Government Pension Scheme funds investing in a renewable strategy, and new signatories to the Green Pensions Charter.
-
NewsFourteen pension schemes commit to net-zero targets
On the go: Fourteen pension schemes, which collectively manage nearly £270bn of assets, have committed to set net-zero targets to align their investment portfolios with a 1.5C pathway.
-
News
Multibillion pension sponsors among vulnerable to demand shock
Sponsors of some of the UK’s largest defined benefit pension schemes are among those exposed to a potentially unsustainable level of debt if their cash flows dry up, new analysis has suggested.
-
News
Tesco to clear pension deficit with Thailand and Malaysia business sale
On the go: Tesco will be making a one-off £2.5bn pension contribution from the sale of its businesses in Thailand and Malaysia that is expected to eliminate the current scheme deficit.
-
News
DC trustees eye master trusts for decumulation options
Data crunch: Trustee reluctance to offer in-house drawdown means single-employer defined contribution schemes may look to partner with a master trust to offer decumulation products to members, new analysis shows.
-
NewsFunding levels up as FTSE 100 companies cut back DB
The UK’s blue chip companies have cut back their defined benefit servicing costs by around 15 per cent over 2017, analysis by JLT Employee Benefits has found, while funding levels continue their painstaking recovery.
-
NewsAE review: Consensus on solutions is still lacking
PLSA Annual Conference 2017:Despite unanimity on the need to increase coverage and boost contributions, there is still a distinct lack of consensus on exactly how to address these issues, according to independent advisers on the government’s auto-enrolment review.
-
News
Defaults and dashboards: Top DC and AE stories from 2016
Year in review: The battle to make defined contribution a safer place for members proved to be an uphill struggle in 2016, as schemes, regulators and even the police were trying to keep up with developments in the market.
-
News
Tesco gears DC default towards freedoms
Supermarket Tesco has a new default investment structure aimed at allowing members to access the full range of freedoms in its recently established defined contribution plan, but administrative complexity still holds many schemes back.
-
OpinionEditorial: Not Tesco's finest hour
Closing a defined benefit scheme to future accrual is no longer considered a controversial move in the private sector.