All News articles – Page 128
-
NewsPreliminary findings show govt failings on state pension age changes
On the go: Women born in the 1950s suffered delays of more than two years in being informed about rises in their state pension age due to government maladministration, according to preliminary findings by the Parliamentary and Health Service Ombudsman.
-
NewsACA calls for more time to comply with pension scams rules
On the go: The Association of Consulting Actuaries has said administrators and trustees will need more time to comply with new pension scam rules being introduced by the government.
-
NewsOnly half of trustee boards conduct governance reviews
On the go: Only half of defined benefit scheme trustee boards review their effectiveness annually, which shows the industry still has some way to go when it comes to governance, according to Willis Towers Watson.
-
NewsUK DB scheme surplus increases £41bn in May
On the go: The aggregate surplus of 5,318 defined benefit schemes eligible for the Pension Protection Fund increased by £40.9bn in May.
-
NewsDWP presses ahead with TCFD rules in time for COP 26
The Department for Work and Pensions is to press ahead with new rules that will require trustees to report on their schemes’ climate change investment risks by October, but has introduced a number of changes and easements to the regulations after industry concerns.
-
NewsResearch tech DB scheme receives £8.1m additional deficit payment
On the go: Oxford Instruments made an additional deficit recovery payment of £8.1m to its defined benefit pension scheme in the year ending in March 2021.
-
NewsNest launches bulk transfers service for employers
On the go: Nest will be offering a “robust and efficient” bulk transfers service for UK employers, which will allow members’ abandoned pots to be automatically transferred to new ones
-
NewsGE facing industrial action over pension cut proposals
On the go: General Electric’s UK division is facing the prospect of industrial action over reforms to its pension schemes, which, critics have said, will leave workers thousands of pounds worse off.
-
NewsUK pension funds target net zero and Aegon moves £5bn into ESG assets
ESG Spotlight: A roundup of the latest news on environmental, social and governance initiatives, with UK pension funds pledging to commit to net- zero by 2050, and Aegon to transition a further £3.5bn of its workplace default funds in June.
-
NewsStrathclyde Pension Fund updates investments to target net zero
On the go: The £26.8bn Strathclyde Pension Fund has agreed to a series of commitments to cut its carbon emissions, including targeting net zero by 2050.
-
NewsFCA announces expectations for publication of costs and charges data this summer
On the go: The Financial Conduct Authority has announced it will allow pension providers to disclose their charges at a scheme level rather than employer level for this year when data are published under new rules this summer.
-
NewsHigh Court spares council £6.5m in LGPS exit credit ruling
The High Court has found in favour of a county council in a battle with a contractor over £6.5m in exit credits, a ruling legal experts say provides much-needed clarity over regulations that have given rise to several legal disputes.
-
NewsAon sells US businesses to complete merger with WTW
On the go: Aon has sold two US businesses in order to complete its merger with Willis Towers Watson, after concerns were raised by the US Department of Justice.
-
NewsCushon acquires Northern Ireland master trust
On the go: Pension provider Cushon has acquired the Workers Pension Trust, a master trust in Northern Ireland, after raising £26m in a funding round.
-
NewsUK LGPS Pool secures additional private markets commitments
On the go: The Border to Coast Pensions Partnership, which handles the assets of 11 local government pension schemes worth a total of around £55bn, has secured approximately £2.7bn of commitments for its latest round of private markets investments. The pool has also selected its final private equity and infrastructure funds for a previous offering.
-
NewsBA signs 'first of its kind' £21bn deal with BlackRock
The trustees of the British Airways pension schemes have signed a deal with BlackRock that places the investment management company in charge of the day-to-day management of more than £21bn of assets.
-
NewsUK to lead TCFD disclosures by 2025 for all companies
On the go: The Taskforce on Climate-related Financial Disclosures is to launch a consultation on best practice for measuring investors’ alignment with a “net zero” future later this month.
-
NewsTfL to review pension scheme as part of new funding package
On the go: Transport for London will be conducting a review of its £10.6bn defined benefit scheme as part of a new government package.
-
NewsDB transfers hit by pandemic and rule changes
On the go: Cash equivalent transfer values have been significantly impacted by both the coronavirus pandemic and shake-up of defined benefit transfer advice rules, according to Barnett Waddingham.
-
NewsGovt fixes NHS scheme rules to avoid hefty retirement bills
The government is to amend regulations to the NHS Pension Scheme that has seen hundreds of employers, including GPs, hit with charges for staff members who are in the last three years prior to retirement, which could amount to hundreds of thousands of pounds.