All News articles – Page 132
-
NewsGovt urged to encourage later life pension contribution plan
On the go: Policymakers should carefully consider later life cycle factors when developing future policies to increase retirement savings, according to the Institute for Fiscal Studies.
-
NewsRow erupts over FirstGroup pension black hole solution
On the go: A row has erupted between multinational transportation company FirstGroup and Coast Capital, its largest investor, over the former’s use of proceeds from an asset sale to plug a black hole in its pension fund.
-
NewsAuto-enrolment participation stagnates in 2020
On the go: 2020 was the first year to see unchanged levels of participation since the auto-enrolment scheme was introduced, according to new figures from the Office for National Statistics published on Monday.
-
NewsFCA proposes new illiquid fund structure for DC schemes
On the go: The Financial Conduct Authority is proposing a new category of fund that will allow defined contribution schemes to invest in illiquid assets.
-
NewsDC savers face retirement shortfalls as growth forecasts dip
On the go: Millions of workers face life-changing retirement shortfalls, as lower growth forecasts are set to wipe a third off pot values, according to new research.
-
NewsFinancial bodies call for new online scam rules
On the go: Seventeen groups have joined forces to warn about online scams and lobby the government to include methods to tackle this issue in its upcoming online safety bill.
-
NewsFCA to require TCFD reports from providers and asset managers
On the go:The Financial Conduct Authority is to consult on the introduction of Task Force on Climate-related Financial Disclosures requirements for schemes it regulates, bringing its regulations into line with those proposed by the Department for Work and Pensions.
-
NewsSarah Smart appointed permanent chair at the Pensions Regulator
On the go: The Department for Work and Pensions has confirmed the appointment of Sarah Smart as permanent chair of the Pensions Regulator.
-
NewsBarnet Pension Fund back on track following change in administrators
Barnet Council’s pension fund has largely recovered from an era of errors under Capita, with its new administrators overseeing significant improvements in the handling of member data.
-
NewsBrunel pool lowers carbon intensity
On the go: The Brunel Pension Partnership, composed of 10 Local Government Pension Schemes with around £30bn in assets under management, has reduced the carbon intensity of all its active portfolios and all but one of its index-tracking portfolios by at least 7 per cent compared with its 2019 baseline.
-
NewsBorder to Coast commits to private credit
On the go: The Border to Coast Pension Partnership, which handles the assets of 11 Local Government Pension Schemes worth a total of around £46bn, has made commitments of more than £575m to six private credit funds.
-
NewsJPMorgan AM urges investors to globalise real asset portfolios
On the go: JPMorgan Asset Management has advised investors to globalise real asset allocations to avoid price volatility in times of crisis.
-
NewsNest recommits to closing ethnicity and gender pay gaps
On the go: Nest has recommitted itself to closing its ethnicity and gender pay gaps, following the publication of data showing more work is needed to achieve parity.
-
NewsUK pension schemes under-allocated to Chinese equities
UK pension schemes’ allocation to China as a percentage of global equities is generally inadequate, but there is no consensus as to how big the allocation should be, according to participants at Camradata’s Investing in China roundtable.
-
NewsMPs demand Sunak addresses mineworkers’ scheme issues
On the go: The Business, Energy and Industrial Strategy Committee has called on the government to bring its approach to the Mineworkers’ Pension Scheme into line with its “levelling up” agenda, branding the current arrangement “antithetical” to that policy.
-
NewsMulti-jobbers missing out on £76m in pension contributions
On the go: Low earners with multiple jobs are missing out on £76m a year in employer contributions to their pension due to an “unfair system”, according to Scottish Widows.
-
NewsActuary receives £65,000 fine from FRC due to misconduct
The Financial Reporting Council has issued a £65,000 penalty and imposed a severe reprimand to an actuary, due to misconduct relating to services provided to Coats Group between 2005 and 2012.
-
NewsUSS targets net-zero emissions, MPs launch stewardship inquiry
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with the Universities Superannuation Scheme targeting net-zero carbon emissions, the Work and Pensions Committee launching an inquiry into stewardship, and COP26, and new research showing that almost half of savers would prefer greener pensions.
-
NewsPASA to launch DC transfers working group
On the go: The Pensions Administration and Standards Association announced on Tuesday more details about its forthcoming defined contribution transfers working group, which has the goal to speed up and lower the risk of transfers between trust and contract-based DC schemes.
-
NewsTPR takes trustees to court over employer loans
On the go: The Pensions Regulator is taking two pension trustees to court over allegations they made prohibited loans from a company pension scheme to its employer.