All News articles – Page 120
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NewsCabinet Office opens consultation as McCloud challenges mount
The Cabinet Office has launched a consultation on how the McCloud remedy is to be implemented for members of the civil service pension scheme, while the GMB union has joined the list of those challenging it in the courts.
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NewsRegulatory burden prompts fears of trustee exodus
On the go: Three-quarters of employers fear the trustees of their pension schemes will consider resigning rather than face an “onslaught” of regulatory and legislative change, according to a survey from the Association of Consulting Actuaries.
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NewsPension videos could boost guidance take-up, govt told
On the go: Videos could help encourage up to 60 per cent of people to take up the government’s free pensions guidance offer, a response to a Work and Pensions Committee inquiry has claimed.
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NewsUnion ballots for strike action over schools’ exit from Teachers’ scheme
On the go: The National Education Union is balloting its members on industrial action over plans by the Girls’ Day School Trust to exit the Teachers’ Pension Scheme.
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NewsTeachers’ Pension Scheme faces high-profile ombudsman complaints
The Teachers’ Pension Scheme is facing a number of potential high-profile complaints to the Pensions Ombudsman over alleged maladministration, including a grievance about a £98,000 overpayment, Pensions Expert can reveal.
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NewsCOP26 sees 12% uptick in net zero commitments
More than half (52 per cent) of insurers and 50 per cent of pension funds have committed to making their portfolios net zero by 2050, up 12 per cent from last year, according to a new report from Aviva Investors.
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NewsPPI: Governance should be focus of UK value-for-money framework
Lessons on how to successfully integrate robust governance procedures in providing value for money in UK pensions must be taken from overseas, the Pensions Policy Institute has said.
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NewsRoyal Mail finalises CDC contribution rates
On the go: The Royal Mail’s new collective defined contribution plan will have a fixed employer contribution of 13.6 per cent, as well as a standard employee contribution of 6 per cent, the group confirmed on Thursday.
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NewsReuters scheme agrees full buy-in with L&G
On the go: The Reuters Supplementary Pension Scheme has agreed a circa £310m full buy-in with Legal & General Assurance Society.
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NewsPoor understanding of ‘company beliefs’ may hamper endgame plans
On the go: Defined benefit scheme endgame plans are threatened by a lack of understanding about “company beliefs”, according to Hymans Robertson, warning that trustees must ensure such beliefs are aligned with strategic pensions choices.
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NewsGovernment considers overturning PPF’s Bauer ruling
The government is looking to remove the effects of the Bauer ruling, impacting the Pension Protection Fund, from UK law and will introduce primary legislation in the near future, according to a letter sent to various industry stakeholders.
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NewsUniversities to face strike action over USS pensions dispute
Fifty-eight universities will be hit with three days of strike action in December after University and College Union members backed industrial action over pension cuts, pay and working conditions.
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NewsMore than 200,000 savers on the hunt for missing pensions
On the go: More than 200,000 people have contacted the government to ask for help locating their missing pensions, just as the dormant assets scheme gears up to expand into retirement savings.
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NewsUSS points members to LifeSight master trust for drawdown services
On the go: The trustee of Universities Superannuation Scheme has decided to signpost its members to LifeSight – Willis Towers Watson’s defined contribution master trust – for drawdown provision.
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NewsGovt rejects Lords’ attempt to retain state pension triple lock
On the go: The House of Commons has rejected proposed amendments from the House of Lords to retain the earnings element of the state pension triple lock next year.
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NewsBMA joins firefighters in threatening McCloud legal action
The British Medical Association is the latest public sector body to threaten legal action should the government persist with plans to make its members pay for the cost of the McCloud remedy.
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NewsWomen face £185,000 gender pensions gap
On the go: Women will need to save an average of £185,000 more during their working life to enjoy the same retirement income as men, according to new research by Scottish Widows.
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NewsMitchells & Butlers trustees win ‘significant’ inflation court case
A decades-old rule change to the Mitchells & Butlers Pension Plan that shifted the authority in deciding pensions indexation should be rectified, a high court judge has ruled, in what has been described as “one of the most significant pension rectification cases in recent years”.
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NewsHonda pension scheme appoints Mercer as fiduciary manager
On the go: The £1.7bn Honda Group UK Pension Scheme has selected Mercer to provide fiduciary management services.
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NewsRodda keen to expand AE but remains silent on pensions tax
Shadow pensions minister Matt Rodda has said he is keen on expanding auto-enrolment and called for a negotiated settlement between unions and the Universities Superannuation Scheme, but he would not be drawn on Labour’s plans for pensions taxation during a talk with the Society of Pension Professionals.