More defined benefit news – Page 21
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NewsWhat does a rise in the mortality rate mean for pension funds?
The Continuous Mortality Investigation (CMI) showed a rise in the UK’s average mortality rate, but the Institute and Faculty of Actuaries (IFoA) said it was likely to be a pandemic-related rise.
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NewsWhat pension schemes can do to cope with the capacity crunch
The capacity crunch industry experts have long warned of is now here, but there are still measures pension schemes and administrators can put in place to ease the burden.
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News'More work needed' to speed up pension transfer scam protection measures
Over 20 pension schemes, administrators and industry bodies took part in the DWP's 18-month review, which found that only four per cent of transfers were given a red or amber flag.
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NewsOne in six savers don't know where to access pensions advice
The workplace can play a part in helping plug the pensions advice gap, as over a quarter of over 55s admit eschewing any type of support.
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NewsAEAT Pension Scheme PAC inquiry findings imminent
The House of Commons public accounts committee is expected to publish the findings from its inquiry into the Atomic Energy Agency Technology Pension Scheme (AEAT) later this week.
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NewsPLSA offers pragmatic alternatives to politicians' ideas for UK growth
In recent months, the government, the opposition, the lord mayor of London and other lobbyists and policy wonks have floated various notions as to how pension funds – defined benefit (DB) and defined contribution (DC) – should invest their assets in order to boost growth in the UK’s economy.
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NewsYet more consultation required to put in place the McCloud remedy
The government is to further consult on supplementary matters and scheme regulations concerning the McCloud remedy in the Local Government Pension Scheme (LGPS).
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NewsIsio seals Deloitte UK pensions business deal
Isio Group has completed its acquisition of Deloitte Total Reward and Benefits, the UK pensions advisory business of Deloitte LLP, following FCA approval.
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NewsTrust is the greatest obstacle to bridging the advice gap
Trust remains one of the biggest obstacles against bridging the advice gap, according to new data from specialist marketing and communications agency, Lang Cat Financial.
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NewsThink big: Think tank suggests creation of regional superfunds
The Tony Blair Institute has has suggested that thousands of public and private sector pension plans should be pooled into a series of regional ‘superfunds’ with assets of up to £500 billion, as part of an “extremely radical” proposal to free billions of pounds of investment capital to boost the growth of UK businesses.
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NewsDWP announcement on dashboard programme is imminent
A Department for Work and Pensions (DWP) announcement on the next stage of the delayed pension dashboards programme is expected within days.
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NewsTPR at the root of high levels of industry dissatisfaction over policy direction
More than six in ten (61%) of pension industry respondents are unhappy with the direction of pensions policy over the past six months, according to the latest Pensions Management Institute (PMI) Pulse Survey. That’s an increase of almost 40% (38.6%) compared with last year’s survey.
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NewsACA chair balks at funding code for open schemes while backing CDC
Concerns about the new funding code forcing “unnecessarily cautious” funding approaches upon open defined benefit (DB) schemes were raised at the All Party Parliamentary Group’s annual pensions lunch earlier this week.
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NewsDelays are not the only problem with existing pension scam rules
Despite the uncertain economic environment, criminals are making hay, with 40% of all UK crime being attributed to fraud.
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NewsPension industry unites to put an end to inequity
A group of more than 20 businesses have formed the Pensions Equity Group (PEG), a new industry coalition to tackle pension equalities in the UK.
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NewsDerisking well funded DB schemes may be an opportunity missed
Employers should adopt a more ambitious approach to managing well-funded defined benefit (DB) schemes and see them as an opportunity, according to pensions experts.
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NewsTPR's new CEO unapologetic for demanding high standards
The Pensions Regulator has called for greater industry collaboration while firing a warning shot across the bows of schemes and trustee boards that don’t meet the regulator’s standards.
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NewsHow do sponsor's net zero commitments affect the employer covenant?
LCP is calling on trustees to get a better handle off the net zero ambitions, efforts and achievements, as they may all have a bearing on the sponsor’s ability to support the defined benefit (DB) scheme.
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NewsAMNT says schemes and regulators must do more to support MNTs
Ever since the Robert Maxwell scandal of the early 1990s, member nominated trustees (MNTs) have been a tenet of scheme governance. Yet, they have often come in for criticism.