All Contributions articles – Page 8
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NewsCalls to raise the contribution limit for non-earners
On the go: The pension contribution limit for non-earners should be significantly increased to help tackle the pension savings gap, Aegon has said.
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NewsLecturers strike again over USS benefit cuts
On the go: Staff at 44 institutions are to walk out once again over planned benefit cuts to the Universities Superannuation Scheme.
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NewsEmployers and union at loggerheads as USS deadline looms
Employer representatives have again criticised the University and College Union as the deadline for avoiding “unaffordable” contribution rate hikes in the Universities Superannuation Scheme approaches.
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NewsPLSA urges ‘levelling up’ of employer contributions to 5 per cent
On the go: The Pensions and Lifetime Savings Association has called for an increase in employer contributions and an extension of auto-enrolment over the next decade, as part of a submission to the Work and Pensions Select Committee.
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NewsEmployers look to modify USS proposals in light of inflation
On the go: Universities UK, the group representing 340 employers in the Universities Superannuation Scheme, has proposed temporarily removing a cap on inflationary increases proposed as part of its solution to the scheme’s controversial 2020 valuation, following member concerns.
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NewsNow Pensions calls for AE earnings trigger to be scrapped
On the go: Workplace pension provider Now Pensions has called for an urgent policy change to remove the auto-enrolment earnings trigger to bring more people into pension saving.
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NewsProfit warnings from DB sponsors jump two-thirds
On the go: Profit warnings issued by UK-listed companies with defined benefit pension schemes leapt by 69 per cent between the third and fourth quarters of 2021.
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NewsUCU confirms strike action in February over USS dispute
The University and College Union has confirmed its members will participate in another round of industrial action in February in response to the ongoing dispute with employers over the Universities Superannuation Scheme.
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NewsIndependent school teachers to strike over scheme withdrawal
On the go: Teachers working in the Girls’ Day School Trust’s independent schools have voted to strike over the trust’s plan to exit the Teachers’ Pension Scheme.
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NewsUCU proposes solution to avoid further USS strikes
The University and College Union has presented a new set of proposals it says will avert future strike action over Universities Superannuation Scheme benefits.
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NewsOpperman declines to give timetable for auto-enrolment expansion
Industry experts have expressed disappointment at the lack of a timetable for expanding auto-enrolment, following a debate on the topic in Westminster Hall.
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NewsTPR to accept CDC applications from August
The Pensions Regulator has published its draft code of practice governing authorisation for collective defined contribution schemes, and is set to begin accepting applications from August.
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NewsAlmost half of workers cannot afford to save for retirement
On the go: Almost half (47 per cent) of individuals not yet in retirement say that spiralling costs have left them unable to save, according to a survey from the Pensions and Lifetime Savings Association.
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NewsMore universities join USS strike
On the go: The University and College Union has secured the support of yet more institutions in its campaign for strike action over member benefit cuts in the Universities Superannuation Scheme.
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NewsAccountancy institute publishes DB guidance for auditors
On the go: The Institute of Chartered Accountants in England and Wales has published new guidance aimed at helping auditors understand defined benefit pension scheme figures and establishing best practice when filing requests for information.
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NewsPLSA targets ‘adequate income’ for 2022
On the go: Securing a policy regime that guarantees an adequate retirement income for most savers will sit at the top of the Pensions and Lifetime Savings Association’s list of priorities this year, it has announced, with the industry body advocating for the expansion of auto-enrolment.
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NewsSociété Générale transfers scheme to Aegon Master Trust
On the go: Société Générale has announced the bulk transfer of its trust-based scheme into the Aegon Master Trust, a move it says will “enhance the savings journey” of 4,500 members.
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NewsWorkplace pensions bounce back after Covid-19 effects
On the go: Workplace pension contributions grew by more than 15 per cent in the second quarter of 2021, when compared with the previous year, due to contribution levels recovering after the pandemic, according to the Office for National Statistics.
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NewsLGPS market value up nearly 25 per cent in a year
On the go: The market value of the Local Government Pension Scheme rose by 23.8 per cent in 2020-21 when compared with 2019-20, according to new figures from the Department for Levelling Up, Housing and Communities.
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NewsNew Judicial Pension Scheme progresses despite concerns
The Ministry of Justice has confirmed it will move forward with the creation of a new pension scheme for judges, despite concerns from some judges and legal associations that it will be less generous than the existing arrangements