All News articles – Page 15
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NewsPensions sector moves to protect staff as riots hit UK
Staff in the pensions industry have faced increased racist abuse as violent riots have gripped parts of the UK in recent days.
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NewsNest branches into timber investing with Campbell mandate
Nest, the UK’s biggest defined contribution master trust, has appointed Campbell Global to manage a dedicated timberland investment mandate.
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NewsRegulators propose ‘red-amber-green' Value for Money framework
Defined contribution (DC) pension schemes will be required to publicly disclose investment performance, charges and service quality metrics under a proposed Value for Money framework.
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NewsIndustry casts doubt on elements of Value for Money framework
A traffic light approach to value for money risks oversimplifying, while ensuring alignment with the government’s productive finance agenda could prove difficult, say commentators.
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NewsBulk annuities update: Three buy-ins secure 900 members’ benefits
Three sub-£50m buy-ins have been announced this week, securing the benefits of 928 deferred and retired people with insurers Just, Canada Life and Aviva.
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NewsSavers support UK investment drive – if it boosts performance
Pension savers are in favour of more of their retirement pots being invested in UK assets, but only if it results in better returns.
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NewsFast buy-ins risk increasing wind-up costs, Hymans warns
Defined benefit (DB) schemes are accelerating to buy-in transactions but leaving “glaring gaps” in preparation for full scheme wind-up, according to Hymans Robertson.
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NewsDashboards latest: Trafalgar House warns of admin ‘tech debt’
Trustees should challenge administrators to show that they have up-to-date technology and security systems to cope with current and future challenges, according to Trafalgar House.
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NewsRailpen tackles payment errors with system review
Railpen is undertaking a review of its benefits system after it discovered errors in members’ pension payments.
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NewsAon survey raises concerns over workplace DC adequacy
Employers are prioritising aligning their pension provision with competitors above ensuring good outcomes for members, according to research by Aon.
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NewsL&G insures Essity pension scheme for £1.1bn
Legal & General (L&G) has finalised a £1.1bn buy-in with the SCA UK Pension Plan, securing the benefits of 9,500 members.
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NewsMarket for large bulk annuity deals slowed in H1, data shows
The bulk annuity market saw fewer large transactions in the first half of 2024 than expected, according to data from XPS Group.
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NewsPhoenix, Schroders team up to launch DC-focused asset manager
Schroders and Phoenix Group have joined forces to launch Future Growth Capital, an asset management company dedicated to investing in line with the Mansion House Compact.
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NewsLGPS urged to deploy record £45bn funding surplus
The Local Government Pension Scheme ended the first half of 2024 with a record £45bn funding surplus, according to Isio.
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NewsBulk annuity latest: Greggs completes £100m buy-in with Aviva
High street bakery chain Greggs has secured its defined benefit (DB) scheme with Aviva in a £100m buy-in deal.
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NewsTPR promises to be ‘reasonable’ over funding code
The new Defined Benefit (DB) Funding Code has been laid before parliament, paving the way for the long-awaited revised regulatory framework for DB schemes to come into force.
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NewsCalls for government action after Virgin case ruling
Industry groups have called for government intervention in the wake of the Virgin Media-NTL case, which has cast significant uncertainty over the defined benefit (DB) sector.
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NewsTPR clarifies capital release rules for superfunds
The Pensions Regulator (TPR) has set out its requirements for superfunds that wish to release capital to investors as part of their commercial business model.
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NewsThe cost of poor pension transfer decisions
Poor decisions and switching to high-cost pensions could cost savers £1.2bn a year, according to new analysis.
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NewsVirgin-NTL case ruling poses ‘major issues’ for DB schemes
Defined benefit (DB) scheme sponsors could face substantial additional costs after a court ruled that rule amendments were invalid due to missing paperwork.