More defined benefit news – Page 16
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NewsMPs to examine future of DB pension schemes
The Work and Pensions Committee has launched an inquiry that will review defined benefit pension schemes and the challenges they pose to members, trustees, employers and the Pensions Regulator.
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NewsBudget 2023: LGPS must move faster on asset consolidation
The government is challenging Local Government Pension Scheme funds in England and Wales to move further and faster on consolidating assets, chancellor Jeremy Hunt announced in the spring Budget on March 15.
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NewsBudget 2023: Chancellor’s box of tricks makes LTA disappear
Chancellor Jeremy Hunt has faced calls in recent weeks to relax the rules on certain pension tax allowances to further his campaign to encourage older workers back into the workforce.
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NewsBeware the ideas of March – or perhaps embrace them
The Budget rumour mill has been grinding away and suggests that chancellor Jeremy Hunt is set to loosen the reins on a number of pension allowances.
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NewsAsset managers must up their game on engagement and diversity
Despite improvements in stewardship and governance in the asset management industry, research from ShareAction has shown there are considerable gaps in performance.
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NewsGulf of inequality: Little progress on women’s pensions gap
New data from HM Revenue & Customs, released on March 8, leaves little to celebrate on International Women’s Day, as it clearly shows that women are still earning considerably less than men at every stage of life.
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NewsGovernment says 12.5mn people are under-saving for retirement
The Department for Work and Pensions has said that 12.5mn people are under-saving for retirement, prompting providers to call for further pension reforms.
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NewsLatest dashboards delay is catastrophic for consumers
The latest delay to the Pensions Dashboards Programme announced at the end of last week was met with many shows of good grace – and perhaps schadenfreude – from certain parts of the pensions industry.
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NewsPensions minister delays dashboards and resets plan
Pensions minister Laura Trott has delayed the implementation of the long-awaited pensions dashboards, causing consternation for pension advisers and consultants.
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NewsCost of living crisis is compounded by apathy in the workplace
The cost of living crisis has raised concerns among pension schemes that some members may choose to abandon their pensions in order to boost their take-home pay.
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NewsPensions admin: No longer the Cinderella function
Pensions administration is often considered a sleepy backwater for technical pensions nerds, but its time has come, and 2023 is going to be the year of the administrator.
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NewsTravel towards endgame has accelerated
The buoyant mood surrounding the pension scheme derisking market has received further evidence that confidence is based on fundamentals, not sentiment.
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NewsGrowing momentum behind derisking solutions
Data crunch: With the momentum added to the derisking market in the fourth quarter of 2022, it is little wonder that 2023 is being touted as a bumper year for derisking strategies, with many getting their endgame over the line.
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NewsMarkets forced public sector funds to mull direction change in Q4 2022
Data crunch: UK local government pension schemes continued to review their investment strategies in the fourth quarter of 2022 in light of the results of March’s round of triennial actuarial valuations.
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NewsGovernment incentive plans are focused on wrong groups of workers
Government efforts to boost Britain’s economic activity should focus on supporting more mothers into work and helping older workers and those with a disability stay in work, not those who have already retired, according to new research published by the Resolution Foundation.
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NewsLocal authority pension fund postpones pool exit decision
On the go: The £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund has postponed its decision on whether or not to leave London CIV, according to tri-borough director of treasury and pensions Phil Triggs.
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NewsDashboard consultation: missed opportunities and a lack of clarity
The closure of the joint consultations on the long-awaited pensions dashboard have raised concerns about timing and the direction of both organisations running the show.
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NewsBuoyant DB pension funding environment may hasten endgame
Defined benefit pension funds’ buoyant funding levels of recent months have continued more or less unabated.
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NewsWindow may open again for members of CMG UK Pension Scheme
CMG Pension Trustees has applied to appeal a High Court ruling from August 2022 that determined members of the CMG UK Pension Scheme were not entitled to the payment of arrears.
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NewsTPR lead reviewer appointed
The Department for Work and Pensions has announced the appointment of Mary Starks to lead a review of the Pensions Regulator.