All Consolidation articles – Page 10
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News
Trustees call for radical softening of DB promises
On the go: The government should accept that not all defined benefit pensions are affordable and begin taking radical steps to allow employers to flex their promises, according to two prominent professional trustees.
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News
TPR to test trustees’ knowledge in bid to improve governance
The Pensions Regulator plans to conduct checks on trustees’ knowledge to assure governance standards in the industry, and has promised to consider appropriate action where they fall below expectations.
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Features
Authorised master trusts look ahead to supervision
The newly authorised master trust sector is bracing itself for a further increase in regulatory scrutiny as the supervision regime takes hold, since one-to-one supervision and annual statement requirements could amount to something approaching a “mini-authorisation” once a year.
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News
Four-fifths of FTSE 350 schemes eligible for consolidation
On the go: More than four-fifths (84 per cent) of FTSE 350 companies’ defined benefit schemes are eligible to join a commercial consolidator, new research showed.
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News
PASA launches guidance for master trust consolidation
On the go: The Pensions Administration Standards Association has launched guidance for master trusts to follow when considering consolidation.
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News
Consolidators unfazed after being dropped from pensions bill
The two existing defined benefit commercial consolidators have said they are not surprised by the lack of superfund provisions in the pensions bill.
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NewsField sounds alarm over unregulated DB superfunds
The chair of the Work and Pensions Committee has warned that the government may be putting retirements at risk if it does not bring forward legislation to regulate defined benefit superfunds.
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OpinionTurkeys don’t vote for Christmas
Too much of the pensions industry serves its own interests rather than those of its members, says CEM Benchmarking’s John Simmonds. The problem, he argues, lies in the role of scale. But is bigger truly better when it comes to pensions?
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News
Capital adequacy dispute threatens superfunds
Disagreement between the government and regulators has cast a question mark over the future of the UK’s defined benefit commercial consolidators.
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PodcastsPodcast: Tackling the 'long tail' of underperforming smaller schemes
Podcast: The Pensions Regulator’s latest defined contribution survey revealed that only 4 per cent of micro schemes and 1 per cent of small schemes are meeting all of the watchdog’s governance standards. David Fairs, TPR’s executive director for regulatory policy, analysis and advice, has previously described the “long tail” of underperforming smaller schemes as “unacceptable”. In this podcast, Mr Fairs talks to Pensions Expert about what the survey’s findings mean, and how the DC landscape might change.
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News
TPR turns up the heat on 99% failing small schemes
The Pensions Regulator continued to press for consolidation on Thursday, after its annual survey found 99 per cent of small schemes are missing statutory governance requirements.
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News
Select committee presses govt on superfund commitment
On the go: The Work and Pensions Committee has voiced its concerns about the government allowing the creation of defined benefit superfunds in the absence of a dedicated regulatory regime.
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News
The Pension SuperFund announces second deal
On the go: The Pension SuperFund has announced its second deal, having submitted its first transaction to the Pensions Regulator for clearance earlier this year.
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OpinionThe end is nigh for DB pensions
In 2001, I returned from a year working in Canada to a UK pensions industry that seemed to be changing rapidly.
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News
Superfunds left out of ‘quickie’ pensions bill
On the go: A radically stripped down pensions bill could appear later this month, according to the shadow pensions minister, as politicians try to squeeze in legislation before the uncertainty of Brexit and a new government kicks in.
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News
Clara Pensions first consolidator to join PASA
On the go: Clara Pensions became the first consolidator to join the Pensions Administration Standards Association on Wednesday, boosting its legitimacy before the announcement of its first client.
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News
Regulator keeping 'careful eye' on watch list of 50 schemes
The Pensions Regulator has a watch list of 50 defined benefit schemes that it is most concerned about, the watchdog’s chief executive, Charles Counsell, has revealed.
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OpinionSmall schemes, big changes: How to tackle the UK governance problem
The United Kingdom has a small schemes problem. With the Pensions Regulator zeroing in on any sign of weak governance at sub-scale funds, it is time for trustees to take action.
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Features
Wesbroom: Actuaries must now stand up to public scrutiny
Kevin Wesbroom has his work cut out bringing his CV up to date.
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News
Master trust authorisation period closes with 38 left in the running
On the go: A total of 38 master trust authorisation applications had been submitted to The Pensions Regulator by Tuesday, as the extension period closed with more casualties expected.