All articles by Alex Janiaud – Page 11
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NewsPandemic to affect life expectancy ‘by less than 1%’
On the go: Insurers only expect the coronavirus pandemic’s impact on future mortality improvements to affect life expectancy by less than 1 per cent, the Institute and Faculty of Actuaries has said.
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NewsAE levels out as employers seek change to age threshold
Workplace pension participation is stalling after reaching a rate of 88 per cent of eligible employees last year, according to new figures from the Department for Work and Pensions.
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NewsGovt sets 2040 gender state pension gap goal
The government has revealed a goal of eliminating the gender state pension gap by 2040, while pointing to auto-enrolment as a tool to decrease the overall savings shortfall between men and women.
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NewsBMA votes to expedite McCloud remedy and recycle pensions
The British Medical Association is expected to push for the expedition of the McCloud remedy and the introduction of pension recycling rules in the NHS Pension Scheme, after backing from its members in its annual representative meeting.
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NewsB&CE and building company botch pensions complaint
The Pensions Ombudsman has ordered B&CE and a building company to compensate an individual, after the employer failed to pay a year’s worth of contributions to his pension and took an excessive amount of time to deal with the complaint.
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NewsSchemes urged to seek GMP advice on past bulk transfers
On the go: Pension schemes that have paid bulk transfer values have been told to seek specific advice on how the Lloyds 2020 guaranteed minimum pension judgment affects those payments.
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NewsNew ONS data exposes ‘shocking’ pensions inequality
On the go: One-10th of the UK population held more private pension wealth than the rest of the country combined between 2018 and 2020, new research has revealed.
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NewsDWP gives schemes greater scrutiny of asset managers on voting
Pension schemes will be able to use the asset manager tender process to challenge prospective managers on how they would vote on shareholder resolutions, the government has said.
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PodcastsPodcast: LGPS faces affordability, engagement and policy challenges
Podcast: The Pensions and Lifetime Savings Association’s 2022 local authority conference unearthed the challenges facing the Local Government Pension Scheme and its employer members, including affordability, engagement and policy reforms. Recorded from the conference floor, Pensions Expert was joined by PLSA’s head of defined benefit, LGPS and investment Tiffany Tsang and West Midlands Pension Fund’s director of pensions Rachel Brothwood to discuss new research into the LGPS and what can be done to help employers.
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NewsAcademics reject USS Employers’ 12% pensions cut forecast
On the go: A group of academics have attempted to refute Universities UK’s claim that staff in the £90bn Universities Superannuation Scheme earning less than £40,000 annually would receive a “headline” cut of 12 per cent to their future pension, pointing out to higher losses.
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NewsFirstGroup ends deficit payments and expects £117mn return
On the go: Transport operator FirstGroup does not expect to make any further contributions towards its defined benefit pension schemes, after asset sales helped push the schemes into net surplus.
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NewsTPR publishes new scams guide in appeal for industry support
On the go: The Pensions Regulator has appealed for support from industry to protect savers from scammers, and has issued guidance for trustees on how to report pension scams.
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NewsLGPS board chair’s TCFD appeal to minister runs aground
The chair of the Local Government Pension Scheme Advisory Board believes that the government missed the opportunity to introduce new climate-related reporting rules for local authority schemes with COP26, after a request sent to the minister of state for Levelling Up Communities mysteriously failed to reach its intended recipient.
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NewsLocal government McCloud rules expected in October 2023
On the go: Legislation aimed at removing the age discrimination that formed the basis for the McCloud ruling is expected for the Local Government Pension Scheme in October 2023, the Local Government Association has said.
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NewsEmployers failing to grasp LGPS costs and ‘responsibilities’
Many employers do not understand the value or costs associated with being part of the Local Government Pension Scheme, according to the assistant director of the £28.2bn Greater Manchester Pension Fund.
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NewsLGPS advisory board chair appeals for infrastructure clarity
On the go: The government needs to provide a clearer definition of the kind of infrastructure investment it wants public sector schemes to carry out as part of its levelling up agenda, the chair of the Local Government Pension Scheme advisory board has said.
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NewsRailpen launches voting coalition, BlackRock expands client voting
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Railpen announcing a pushback against “unequal voting rights” and BlackRock giving its pension clients more say in how they take part in shareholder votes.
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NewsTPR to review initial TCFD reports
On the go: The Pensions Regulator will review schemes’ published Task Force on Climate-related Financial Disclosures reports in the coming months, it has disclosed.
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NewsNearly a third of DB trustees think net zero ‘isn’t relevant’
On the go: Thirty per cent of defined benefit pension trustees think efforts to push their schemes towards net zero emissions “isn’t relevant to them”, according to new research.
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NewsAnalysts consider PensionBee a potential takeover target
On the go: PensionBee’s competitors may have to buy the platform to stop it dominating the defined contribution market, Jefferies analysts have suggested.