All News articles – Page 103
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NewsBorder to Coast launches second private markets programme
On the go: The £36bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £55bn, has launched the second series of its private markets programme, which includes a dedicated climate opportunities offering.
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NewsMcCloud remedy causes three of four schemes to breach cost cap
The Government Actuary’s Department has published the cost cap valuations of four public sector schemes, confirming that the cost of implementing the McCloud remedy has led to a breach of the cost control mechanism, cancelling previously-agreed benefits increases.
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NewsDC infra investments could surpass £100bn by end of decade
On the go: Defined contribution assets invested in infrastructure may cross the £100bn mark by the end of the decade, according to new research.
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NewsDWP makes six further state pension errors since 2007
On the go: The Department for Work and Pensions has made a series of state pension errors, prior to the current large-scale correction exercise, according to a Freedom of Information request.
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News
PIPA 2022: Have you made the shortlist?
Find out if you have been shortlisted for the annual Pension and Investment Provider Awards organised by Pensions Expert. The winners will be announced at an exclusive event later this year.
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NewsNHS workers make up a third of annual allowance breaches
On the go: At least 34 per cent of all people who exceeded the annual pension contribution allowance in 2019-20 were members of the NHS pension scheme.
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NewsGMP guidance ‘helpful’ but ‘could have gone further’ on conversion
The government’s supplementary guidance on guaranteed minimum pensions equalisation was broadly welcomed by the industry as it could save trustees “time and money”, but some have cautioned that the section on conversion will make little difference without legislation.
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NewsMinister demands resolution as Dundee Uni staff set for strike
On the go: The Scottish government's higher education minister has spoken out against plans for University of Dundee staff to commence a third round of strike action over proposed changes to their pension arrangements.
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NewsCentrica picks Schroders to invest its £10bn in scheme assets
On the go: Energy provider Centrica has chosen Schroders Solutions as its outsourced chief investment officer for its £10bn in pension scheme assets.
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NewsAlstom schemes appoint Mercer as fiduciary manager
On the go: Alstom UK’s Common Investment Fund has appointed Mercer to provide fiduciary management services for three of its defined benefit schemes with assets totalling £1.6bn.
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NewsDorset Pension Fund hit by audit delays
On the go: The Dorset Pension Fund is still waiting to receive its audit report covering its 2020-21 period from Deloitte, in a delay that is hampering audit sign-offs in wider local government.
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NewsInvestors eye climate risk reporting omissions, CofE challenges VW
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including an investor coalition applying pressure on companies over their climate reporting, and the Church of England Pensions Board raising the heat on Volkswagen.
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NewsOverpayment woes at Teachers’ Pension Scheme continue
The Pensions Ombudsman has partially upheld two more complaints about overpayments to members of the Teachers’ Pension Scheme, the latest in a series of cases where the scheme and its administrators, Teachers’ Pensions, have faced accusations of maladministration.
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NewsSchemes and providers team up to push pensions engagement
On the go: Around 15 pension providers and schemes representing approximately 41.5mn savers and customers have committed to support a campaign to encourage engagement with pensions.
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NewsIs sustainability an important part of risk transfers?
Environmental, social and governance factors are becoming an important consideration for trustees running a pension scheme, but what issues does sustainability raise when trustees are looking to conduct a risk transfer?
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NewsOlder savers reap rewards of asset growth at close of 2021
On the go: Older savers with bigger pension pots experienced greater lifts to their expected retirement living standards than their younger counterparts towards the end of last year, new research has revealed.
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NewsFirefighters prepare fresh legal action against govt
Firefighter representatives and the Local Government Association have written jointly to the government raising the possibility of legal action if steps are not taken to compensate members affected by the remedy period resulting from the McCloud judgment.
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NewsHMRC to address GMP conversion tax issues ‘in the coming weeks’
The government has promised supplementary guidance on guaranteed minimum pensions conversion “in the coming weeks” and confirmed it is working on legislative changes, as the debate on the second reading of the pension schemes (conversion of GMPs) bill concludes in the House of Lords.
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NewsUSS trustee concerned by ‘misleading’ use of financial reports
On the go: The Universities Superannuation Scheme trustee has issued an update on scheme finances, and expressed its concern that previous use of monitoring statements by parties involved in the ongoing 2020 valuation dispute could be “misleading” members about the true state of the scheme.
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NewsGovt admits errors in almost 20,000 NHS GP pension records
Health minister Edward Argar told parliament in March that there were nearly 20,000 NHS GP pension records in error, prompting the British Medical Association to call for an end to the outsourcing of NHS pensions administration.