All News articles – Page 13
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Help trustees support member decisions, PLSA urges govt
The government needs to clarify the legal extent to which trustees can support members to make decisions at retirement, according to the Pensions and Lifetime Savings Association (PLSA).
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Savers not keen on AI in pension communications, research shows
Scheme members are reluctant to engage with their pensions using artificial intelligence (AI) and other forms of technology, according to Trafalgar House.
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Merseyside strikes £200m bulk annuity deal with Aviva
The Merseyside Pension Fund has secured the benefits of around 2,500 former Arriva employees in a buy-in transaction with Aviva.
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IFS sets out roadmap to boosting auto-enrolment
Industry figures have called for the government to incorporate recommendations made by the Institute for Fiscal Studies (IFS) for expanding and evolving the UK’s automatic enrolment system into its Pensions Review.
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TPR homes in on administrators in engagement drive
The Pensions Regulator (TPR) is to engage with some of the country’s biggest pensions administrators after a pilot programme uncovered areas for improvement.
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More ESG reporting raises risk of legal challenges for trustees
Tougher reporting requirements for environmental, social and governance (ESG) factors leave pension schemes and companies more exposed to the risk of legal challenges, a senior lawyer has warned.
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Why pensions schemes are ‘attractive targets’ for cyber criminals
Pension schemes are ‘attractive targets’ for cyber criminals and trustees and managers must create contingency plans to mitigate the impact of an attack, an expert has warned.
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Industry calls for change to levy rules as PPF seeks to raise £100m
The government should rewrite rules around the Pension Protection Fund’s (PPF) levy to reduce unnecessary costs for defined benefit (DB) schemes, according to industry commentators.
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TPR grows investment team and vows to 'probe' strategies
The regulator has doubled its investment consultant staff in a bid to increase its scrutiny of investment strategies as schemes seek to allocate more to UK-centric assets.
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Employers recognise pension provision shortfalls, research shows
Employers are planning to address retirement adequacy over the next two years as they are concerned about their staff’s pension prospects, according to WTW.
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PLSA urges caution on potential tax relief changes
The Pensions and Lifetime Savings Association (PLSA) has urged the government to tread carefully regarding potential changes to pension tax relief in next month’s Budget.
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TPR's Neil Bull to speak at the DB Strategic Investment Forum
Neil Bull, executive director of market oversight at the Pensions Regulator (TPR), is to give the keynote speech at this month’s DB Strategic Investment Forum.
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Uncovering the truth of pension schemes’ UK allocations
The government needs to understand the complex and dynamic drivers of asset allocation changes if it is to successfully promote pension scheme investment in UK assets, according to the Pension Policy Institute (PPI).
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Living Wage data lends weight to 12% contributions call
Workers earning the UK Living Wage of £12 an hour would need to save 12% of salary to replicate this income in retirement, research has shown.
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Dashboards: Act now so we don’t have to, says TPR
The Pensions Regulator (TPR) will crack down on “wilful or reckless non-compliance” with dashboard regulations, including on poor data management, it has announced.
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10 questions that will shape the Pensions Review
The government has published 10 questions designed to inform the first phase of the Pensions Review.
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Data a ‘fundamental problem’ for dashboards: Opperman
The quality of member data across the pensions industry remains a “fundamental problem” that needs to be addressed for pensions dashboards to succeed, according to former pensions minister Guy Opperman.
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Tax relief: Rumours abound as chancellor pressed on plans
The Pensions and Lifetime Savings Association (PLSA) has sought to calm rumours of changes to tax relief on pension contributions after a communication sparked concern online.
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PIC insures Coats scheme in £1.3bn buy-in
Pension Insurance Corporation (PIC) has insured the pensions of more than 18,000 members of the Coats UK Pension Scheme, in the biggest buy-in deal announced so far this year.
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Investment latest: Railpen invests in waste management company
Also: Future Planet Capital launches dedicated pension vehicle for UK high growth companies, and Aviva opens venture capital business to external investment.