All articles by Maria Espadinha – Page 5
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NewsTPR warns trustees about imminent dashboards deadline
The Pensions Regulator has launched a campaign urging trustees to prepare for the pensions dashboards deadline, as new research shows that less than 10 per cent of schemes have begun to digitise the information they hold in preparation for the initiative.
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NewsProviders to engage with members on ESG under ‘green nudge’ trial
On the go: Smart Pension, Aviva and Hargreaves Lansdown will be encouraging members to learn more about making greener pension choices under a new trial.
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NewsVolume of legislative change is main barrier for admins
On the go: Two-thirds of administrators identified the volume of legislative change as one of the main barriers they faced to providing a high-quality service, according to new research.
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NewsTPR considers regulatory action in Norton Motorcycles case
On the go: The Pensions Regulator is considering taking regulatory action against Stuart Garner, former owner of Norton Motorcycles, its chief executive has revealed.
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NewsBulk annuity deals hit £27.7bn in 2021
On the go: Buy-in and buyout transactions hit £27.7bn in 2021, with the majority of deals, representing £20.9bn, occurring in the second half of the year, according to new research.
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NewsNest seeks ESG provider, IIGCC releases infra net zero guidance
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including Nest’s tender for an ESG data provider, and the Institutional Investors Group on Climate Change’s new net zero guidance for infrastructure investments.
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NewsUnion takes Bolt to court over pension rights
GMB union is taking ride-hailing service Bolt to court in a bid to grant its drivers employment rights including pensions, while Uber has promised a Sharia-compliant pension fund for its drivers by October.
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NewsDB schemes’ surplus increases £55bn in May
On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £55.4bn in May.
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NewsSmall pots member exchange trial scuppered by NMPA
A trial being developed by three master trusts to exchange small pots has ground to a halt before it even started, due to the new normal minimum pension age rules, and will only be able to advance if new legislation is introduced.
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NewsOpperman supports public sector DB reform
On the go: Pensions minister Guy Opperman has warned that public sector defined benefit schemes should be reformed, branding the system unsustainable.
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NewsICO in talks with TPR over member communications
On the go: The Information Commissioner’s Office is engaging with the Pensions Regulator to clarify the current rules involving member communications, as schemes and providers believe existing legislation prevents them from reaching out to these individuals.
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OpinionFive years on the ‘pensions horse’, is Opperman winning the race?
Almost five years have passed since Guy Opperman assumed the role of pensions minister, which we all know he asked for. What we can hope is that after all these years he knows what a guaranteed minimum pension is.
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NewsNI Police Pension Scheme breaches cost cap
On the go: The Police Pension Scheme for Northern Ireland has breached its cost-control mechanism ceiling as a result of the McCloud remedy, according to data from the Government Actuary’s Department.
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NewsWork and Pensions Committee chair Timms receives knighthood
On the go: Work and Pensions Committee chair Stephen Timms has received a knighthood in the Queen’s birthday honours.
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NewsFTSE 100 schemes see surplus hit £100bn record
On the go: Defined benefit schemes sponsored by FTSE 100 companies have seen their surplus on an IAS 19 basis hit a record £100bn in mid-May, according to new analysis.
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NewsCharles Counsell to step down from TPR in 2023
On the go: Charles Counsell will be stepping down as chief executive of the Pensions Regulator in 2023 as he will not be seeking a second term at the watchdog’s helm.
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NewsNew British Steel scheme signs second buy-in
On the go: The British Steel Pension Scheme II has secured a second buy-in with Legal & General, insuring around 25 per cent of its liabilities.
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News‘Flurry of activity’ expected in the bulk annuity market
On the go: The buy-in and buyout market is expected to have a “flurry of activity” over the next 12 months as defined benefit schemes look to accelerate their derisking plans, according to LCP.
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NewsMaster trusts call for AE rate increase with opting down option
Pension specialists are calling for the government to introduce an opting down option when setting the next auto-enrolment minimum rate increase as a way of protecting those on lower earnings.
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NewsThird of schemes using GMP to improve member options
On the go: One-third of pension schemes are using the guaranteed minimum pensions equalisation process as an opportunity to improve member options, according to new research.