All Aon articles – Page 7
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Features
Scottish Widows hires former regulator as master trust chair
Andrew Warwick-Thompson has been at centre of the pensions industry since 1986, in a variety of top jobs including leading roles at the Pensions Regulator and in the Local Government Pension Scheme, and now clutching his first non-executive role as chair of the Scottish Widows Master Trust.
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News
ESG-focused investments show durability through market meltdown
The Covid-19 pandemic has shown how important environmental, social and governance factors are when making investment decisions, according to analysts.
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FeaturesCounting the cost of coronavirus
Counting the costof coronavirus Coronavirus and the market volatility that has greeted it has dealt a triple blow to defined benefit schemes - damaging asset values, causing wild swings in liabilities, and weakening sponsor covenant. Pensions Expert looks at which sectors will be worst hit, and what trustees can do ...
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News
DB schemes to face major data exercise for dashboards
New requirements to translate defined benefit pensions into an annual income in today’s terms could mean trustees and administrators face a major data exercise to comply with the pensions dashboards, according to experts.
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News
HSBC ahead of curve with TCFD compliance
As the government seeks powers to mandate pension schemes to disclose their climate change risks, the HSBC Bank (UK) Pension Scheme is already on its second report under the Task Force on Climate-related Financial Disclosures.
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NewsVolatility exposes trustees’ slow reaction times
Volatility playing havoc with defined benefit funding ratios may speed the transition towards fiduciary management and consolidation of final salary schemes, according to governance specialists.
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News
Aon’s merger with Willis Towers Watson to create $80bn giant
Aon and Willis Towers Watson have agreed on a merger, which will see the companies creating the UK’s largest pensions consulting firm and a worldwide insurance broker worth $80bn (£61bn).
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News
Xylem completes £255m bulk annuity deal
On the go: Trustees of the Xylem UK Pension Plan have completed a £255m buy-in with Rothesay Life.
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News
Auto-enrolment process creates 'employee underclass'
Three out of four pensions professionals say employers should be free to statutorily enrol any employee they wish, even if current auto-enrolment age and earnings criteria are not met.
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News
HMRC GMP equalisation guidance fails to address all tax issues
On the go: Long-awaited guidance on tax issues arising from the equalisation of guaranteed minimum pensions has failed to address key technical and tax issues, according to experts.
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News
Co-op buys in further £1bn of liabilities
On the go: Retail group The Co-op has secured the pensions of 7,000 defined benefit members in a bulk annuity transaction with the Pension Insurance Corporation.
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News
Increased trustee workload to unleash wave of DC consolidation
On the go: One in three trust-based defined contribution arrangements expects to transfer members into a master trust over the next five years, with stakeholders citing the drain on time and resources of running an own-trust solution.
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Features
Hundreds of thousands of micro pots suffer remorseless attrition
Data crunch: Eight years after the auto-enrolment revolution, millions of workers’ pensions are left languishing in master trusts when they move jobs.
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News
Kent Council fund initiates revamp of its ESG policies
Kent County Council is sprucing up its responsible ownership pension policy as climate concerns become mainstream.
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News
Pensions experts predict RPI limbo for years to come
Experts have condemned delays in publishing a long-awaited consultation on reforms to the retail price index, since its outcome could radically alter the fortunes of pension funds and pensioners.
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News
OECD: One in three workers risks falling through the pension cracks
Pensions provision has not caught up with the 21st century phenomenon of the non-standard worker, as this type of employment now accounts for one in three jobs in OECD countries, a new report has revealed.
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News
National Grid completes £1.6bn buy-in with Legal & General
On the go: The National Grid UK Pension Scheme has completed a £1.6bn buy-in with Legal & General.
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News
Electricals scheme agrees UK’s largest ever buyout deal
On the go: Rothesay Life has agreed the largest buyout ever undertaken in the UK, with £4.7bn of assets and liabilities transferring to it from the GEC 1972 Plan.
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News
GMP compensation could cost members thousands in extra tax
On the go: Inadvertent action by an employer or pension scheme to compensate scheme members for inequalities in guaranteed minimum pensions could invalidate longstanding protection from onerous tax burdens, landing wealthy pensioners with tax bills of hundreds of thousands of pounds.
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News
DB deficit spikes as hedging continues to be vindicated
On the go: The defined benefit liabilities of the UK's largest companies shot up by £30bn at the end of August, according to Mercer, as a slump in corporate bond yields refocuses trustee minds on immunising risk.