All News articles – Page 101
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NewsTPR’s DB funding code consultation delayed until ‘late summer’ 2022
The second consultation into the Pensions Regulator’s new defined benefit funding code will be delayed until “late summer” 2022.
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News‘Transitory’ inflation soars to 10-year high, with more pain to come
Inflation soared to a 10-year high of 5.1 per cent in the year to November 2021, and those who once argued that the inflationary trend would be transitory are now warning that the worst is yet to come.
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NewsDB funding code’s bespoke route could reduce schemes’ costs
Forty per cent of FTSE 350 defined benefit schemes will not be sufficiently well funded to opt for the ‘fast-track’ route in the Pensions Regulator’s forthcoming DB funding code, but the bespoke route offers significant cost savings.
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NewsAston Martin faces strike action over DB scheme closure
Workers at carmaker Aston Martin have threatened industrial action following news that it plans to close its defined benefit pension scheme in January 2022.
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NewsRisk settlements to top £45bn for third consecutive year
On the go: The UK pension risk settlement market is anticipated to see volumes of more than £45bn by the end of 2021, the third year in a row that it has reached this level, according to analysis by Aon.
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NewsDB schemes’ surplus falls by £33bn in November
On the go: The aggregate surplus of the 5,215 defined benefit schemes in the Pension Protection Fund 7800 Index fell by £33.1bn in November.
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NewsDB scheme membership plummets 2.5m in 10 years
On the go: New data from the Pensions Regulator shows that defined benefit schemes continued to decline in 2020-21, a decrease that has gone almost unbroken since 2012.
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NewsDB schemes derisk investments as funding levels improve
On the go: Defined benefit schemes are increasingly looking to derisk their investment approach to protect their improved funding levels, according to new research from Aon.
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NewsInvestors facing up to the social costs of fast fashion
Fast fashion is big business but often negatively associated with workers’ rights issues. Can interested investors successfully ensure they are not contributing to poor working conditions?
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NewsScottish pensions agency proposes raft of LGPS amendments
The Scottish Public Pensions Agency has launched a consultation into a host of changes to the Local Government Pension Scheme in Scotland, covering early payment of pensions, survivor benefits and the cost cap.
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NewsNest to break even in 2024 and eyes loan repayment by 2038
On the go: Master trust Nest is expected to break even in 2024, two years ahead of previous forecasts, and anticipates it will repay the loan from the UK government by December 2038, according to its latest annual report.
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NewsPLSA calls for ‘major review’ of Fraud Compensation Fund
On the go: The Pensions and Lifetime Savings Association has called for a “major review” of the Fraud Compensation Fund, branding the current arrangement “not fit for purpose”.
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NewsRegulators’ value for money paper branded ‘utopian’ by SPP
On the go: The Society of Pension Professionals has criticised the “utopian” value for money discussion paper published by the Pensions Regulator and the Financial Conduct Authority, arguing that there is “no practical way” of achieving the goals set out.
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NewsVast majority lack confidence in govts’ approach to climate change
On the go: Eighty-eight per cent of Britons do not have confidence in the agreements made by governments at COP26, PensionBee research shows.
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NewsIndustry concerns remain over anti-scam transfer restrictions
Almost half of schemes have more work to do to comply with new anti-scams transfer guidance, while nearly 10 per cent have “lots of work” to do, an XPS Pensions Group webinar has heard.
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NewsGovt consults on NHS scheme McCloud remedy
On the go: The Department of Health and Social Care has published a consultation into changes to be made to the NHS Pension Schemes to accommodate the McCloud remedy.
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NewsLondon CIV launches passive equity Paris-aligned fund
On the go: London CIV, which oversees around £26bn on behalf of 32 London Local Government Pension Scheme funds worth a collective £45bn, has launched its Passive Equity Progressive Paris Aligned Fund.
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NewsAsset owners need to address fast-fashion environmental impact
Fast fashion has transformed the ready-to-wear industry, but with consumers making a saving, how is the environment footing the bill?
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NewsLGPS pool appoints adviser for net zero 2050 plan
On the go: The Local Pensions Partnership has appointed Chronos Sustainability to work on a partnership target of attaining net zero emissions by 2050.
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NewsPub company schemes hire new fiduciary manager
On the go: The £86m Laurel Pub Pension Scheme and its sister, the £14m Yates Group Pension Scheme, have appointed Kempen Capital Management as their fiduciary manager.