All News articles – Page 134
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NewsDB schemes exposed to £200bn in losses due to inflation-linked returns
On the go: Defined benefit schemes are exposed to £200bn in losses from inflation strategies as index-linked gilts reach record high prices, new research has shown.
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NewsBig schemes turn to fiduciary managers during pandemic
Data crunch: The average size of a pension scheme taking on a fiduciary manager rose by around 80 per cent during the Covid-19 pandemic, suggesting the flexibility afforded by the model was particularly attractive in turbulent market conditions, according to research from IC Select.
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NewsUSS pushes ahead with reform proposals despite strike threat
The Universities Superannuation Scheme trustee is to push ahead with a reform package agreed by USS employers, despite threats of strike action from the University and College Union.
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NewsMajority of schemes set to increase illiquid assets allocation
On the go: Around 85 per cent of UK pension schemes are set to increase their allocations to illiquid assets in the next three years, according to research from Alpha Real Capital.
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NewsOne-third of applicants declined in UK Stewardship Code revamp
On the go: More than 60 applicants to the revamped UK Stewardship Code did not make the final list of companies complying with high standards of stewardship for those investing money on behalf of UK savers and pensioners.
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NewsPublic sector schemes wary of TPR’s new code of practice
Public sector schemes should press on with implementing the Pensions Regulator’s new code of practice, Aon has said. However, schemes are concerned about the new rules and have asked for more clarity from the watchdog.
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NewsDashboards programme appoints central digital architecture supplier
On the go: The Pensions Dashboards Programme has appointed Capgemini as the supplier of the project’s central technical architecture.
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NewsPandemic impacts DB schemes’ deficit recovery periods
On the go: The deficit recovery periods of defined benefit schemes with valuations in 2020-21 was impacted by the pandemic-led crisis, with these schemes having a smaller reduction than expected, according to new analysis.
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NewsFTSE 350 DB schemes’ deficit rises £2bn in August
On the go: Defined benefit schemes sponsored by FTSE 350 companies saw their deficits rise to £87bn in August, an increase of £2bn from £85bn in July.
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NewsPrivate sector auto-enrolment participation stalls in 2020
On the go: The number of private sector workers auto-enrolled into a pension scheme has decreased by 1 per cent for the first time since the introduction of auto-enrolment, despite opting out figures remaining stable during lockdown, new data has shown.
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NewsFujitsu pension scheme completes £7.7m buy-in with Aviva
On the go: The Fujitsu General (UK) Co Limited Pension and Life Assurance Plan has completed a £7.7m full buy-in with Aviva.
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NewsIndustry fears another missed dashboards deadline
On the go: The pensions industry doubts whether the pensions dashboards will be delivered on time, as more than three-quarters of respondents to a Pensions Management Institute survey said they thought the project would still not be operational by 2023.
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NewsPPF grants levy payment window for schemes impacted by Covid-19
On the go: Defined benefit pension schemes impacted by the pandemic will be granted a 90-day payment window to pay their Pension Protection Fund 2021-22 levy bill.
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NewsStrike action ‘inevitable’ after employers agree USS reforms
The University and College Union is to ballot its members over industrial action, branding strikes “inevitable” after employers agreed to press ahead with reforms of the Universities Superannuation Scheme.
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NewsDraft CDC regulations hampered by poor definitions, industry warns
The government’s consultation into draft regulations governing collective defined contribution schemes requires more work on definitions if these pension funds are to be properly implemented, with the Pensions and Lifetime Savings Association warning it could create a “back door” for unscrupulous employers.
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NewsFCA to review DB transfer redress guidance
On the go: The Financial Conduct Authority is preparing to review its redress guidance for unsuitable pension transfer advice by the end of the year and has clarified what it expects of financial advice companies in the meantime.
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NewsChildren’s car seat manufacturer completes £30m triple buy-in
On the go: Britax Childcare Group has completed a triple buy-in for its three defined benefit schemes worth £30m with Just Group.
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NewsTPR’s ESG guidance raises industry concerns on privacy and penalties
The Pensions Regulator’s draft guidance on climate change reporting and governance is not sufficiently clear on what constitutes compliance, and the watchdog needs to provide clarity on its approach to discretionary penalties, the Society of Pension Professionals has warned.
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NewsNew regulatory rules could put UK dividend recovery at risk
On the go: The pace of dividend recovery for UK companies could be put at risk due to new pension regulatory rules coming into force on October 1, LCP has warned.
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NewsNest to invest 5% of assets in private equity
On the go: The government-backed master trust Nest plans to allocate 5 per cent of its total assets to private equity, which is estimated to be worth £1.5bn by the end of 2024.