More defined benefit news – Page 78
-
NewsFiduciary managers survive Covid scare with strategies intact
On the go: Most fiduciary managers had positive returns in 2020 without needing to change their investment strategies in light of the Covid-19 pandemic, analysis from XPS has shown.
-
NewsNHS staff turn to scheme pays as taper issues rumble on
On the go: Nearly 40 per cent of the NHS staff who breached their annual allowance in 2018-19 turned to scheme pays to help them foot the bill, Quilter said, as it warned of a legacy of allowance issues for many doctors.
-
NewsPPF could receive DWP loan for Fraud Compensation Fund
On the go: A bill has been introduced to parliament that will enable the Pension Protection Fund to receive a loan from the Department for Work and Pensions in order to make fraud compensation payments.
-
NewsFTSE 100 scheme funding stays flat despite £200bn contributions
On the go: FTSE 100 companies have seen the funding position of their defined benefit schemes remain broadly unchanged since the financial crisis, despite sponsor contributions of more than £200bn, a report by LCP has shown.
-
NewsRussell Group universities propose USS compromise
Russell Group has backed the Universities Superannuation Scheme trustee’s suggested “lower-cost, more flexible” alternative to the existing scheme structure.
-
NewsSPP, PMI criticise rushed code of practice consultation
The Society of Pension Professionals and the Pensions Management Institute have both criticised the timeframe of the Pensions Regulator’s consultation on its combined code of practice, raising the prospect of its flawed and costly implementation.
-
NewsCII scheme completes full buy-in with L&G
On the go: The Chartered Insurance Institute Pension Scheme 1993 has completed a £55m full buy-in with Legal & General Assurance Society.
-
NewsEmployer data struggles hamper McCloud administration
On the go: Gaps in employer records are far and away the biggest data challenge for administrators looking to tackle problems like McCloud, according to a Pensions and Lifetime Savings Association poll.
-
NewsMcCloud funding impact ‘minimal’ but MHCLG needs to step up
On the go: The funding impact of the deferred choice underpin on the Local Government Pension Scheme is expected to be minimal, but the government needs to provide much more information to put minds at ease, according to speakers at the Pensions and Lifetime Savings Association’s Local Authority Conference.
-
NewsScams, dashboards, superfunds feature in TPR’s three-year plan
The Pensions Regulator has published its latest three-year plan, an agenda encompassing everything from pensions security, tackling scams, dashboards, superfunds, and coping with the changing nature of defined contribution pension provision.
-
NewsNew code of practice makes life ‘harder’ for LGPS funds
On the go: The Pensions Regulator’s new combined code of practice risks making life “harder" for Local Government Pension Scheme funds, and more needs to be done to accommodate their specific needs.
-
NewsLGPS pool plans to launch new ESG funds
On the go: London CIV, which oversees £23bn on behalf of 32 London Local Government Pension Schemes worth a collective £44bn, is planning to launch new environmental, social and governance-focused funds.
-
NewsUK pension funds to increase allocations to industrial metals
On the go: UK pension funds are set to increase their allocations to industrial metals to take advantage of a commodity “super cycle”, defined as a decades-long period during which commodities are predicted to trade above their long-term price trend, according to a new study by NTree International.
-
NewsLGPS assets drop 5% in 2020 as contribution income rises
Local Government Pension Scheme assets fell by 4.9 per cent in 2020 to £276bn, but funds saw increases in membership and contribution income, according to the most recent annual report from the LGPS Advisory Board.
-
NewsPPI launches UK pensions framework
On the go: The Pensions Policy Institute is launching a UK pensions framework, since “work and retirement landscapes are undergoing significant change around the world”.
-
NewsPLSA calls for new legislation to support members at retirement
On the go: The Pensions and Lifetime Savings Association has called on the government to introduce legislation underpinning a new set of product, communication and governance standards to build on pension freedoms and provide greater support for savers at retirement.
-
NewsUSS invests in Iberian solar energy platform
On the go: The £67.6bn Universities Superannuation Scheme has invested €225m (£193.7) in an Iberian solar energy platform.
-
NewsBTPS develops tool to assess govt bonds’ climate change exposure
On the go: The BT Pension Scheme and the Church of England Pensions Board are part of an investors group that is creating a tool to measure, monitor and compare sovereign bonds’ climate change governance and performance.
-
NewsGovt’s new anti-scam measures cause industry concern
Industry reaction to the government’s new consultation on pension scams and transfers have been far from unanimous, with many welcoming the intention but warning of the potential for thousands of legitimate transfers to be needlessly blocked and delayed.
-
NewsMPs urged to tweak 25% tax-free cash rules
On the go: Pensions consultancy LCP has proposed new rules that would allow pension savers to access tax-free cash at a normal minimum pension age while leaving the remaining balance behind.