All News articles – Page 16
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NewsITV strikes deal with TPR to end Box Clever saga
Nearly 3,000 former Box Clever employees will receive their pension benefits in full after the regulator struck a deal with ITV. Pensions Expert looks back on a 13-year saga.
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NewsPrivate markets drag on TfL scheme performance
Private markets investments contributed to significant underperformance from the Transport for London (TfL) Pension Fund in the 12 months to the end of March, according to the scheme’s latest annual report.
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NewsBritish Steel redress hit by falling annuity prices
Redress paid to victims of the British Steel pension scandal has reached £106m, according to the Financial Conduct Authority (FCA).
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NewsDWP failing to fix state pension errors, says LCP’s Webb
Nearly 200,000 parents are missing part of their National Insurance record – and the Department for Work and Pensions (DWP) is moving at “a snail’s pace” to fix it.
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News‘Sleepwalking into a crisis’: Savers fear unaffordable retirement
Nearly 40% of people face being unable to fund a minimum retirement lifestyle, according to Scottish Widows.
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NewsInsurers set out plans for infrastructure investment
Major insurers and pension providers have unveiled a 10-point plan for driving more investment into “critical” infrastructure such as an electric vehicle charging network.
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News‘Fragmentation and waste’: Government sets sights on LGPS
The government has targeted a reduction in “fragmentation and waste” within the Local Government Pension Scheme (LGPS), as part of the first phase of its much-anticipated Pensions Review.
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NewsChancellor fires starting gun on Pensions Review
The anticipated Pensions Review kicks off this week after the government announced plans for a “big bang of reforms” for the sector over the weekend.
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News‘Challenging balance to strike’: Industry reacts to Pensions Review
The pensions sector has extended a cautious welcome to the government’s wide-ranging Pensions Review after the chancellor, Rachel Reeves, unveiled the plans over the weekend.
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NewsCompetitive insurance market ‘great’ for trustees, says Standard Life
Recent entries into the bulk annuity market are helping drive innovation to the benefit of defined benefit (DB) scheme trustees, according to Standard Life.
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NewsLGPS eyes upgrade to cost transparency system
The Local Government Pension Scheme (LGPS) is exploring a potential upgrade to its investment cost monitoring system that could include the use of machine learning tools.
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NewsWhat is – and isn’t – in Labour’s Pension Schemes Bill
The new government set out plans for legislation on small pots consolidation, default decumulation options, and ensuring value for money at the State Opening of Parliament today (17 July).
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NewsBus company consolidates DB scheme into TPT
TPT Retirement Solutions has consolidated the £50m defined benefit (DB) pension scheme of Reading Buses into its master trust.
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NewsSmart Pension to acquire Options master trust
Smart Pension has agreed to take on 300,000 members of the Options Workplace Master Trust through a bulk transfer.
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NewsACCESS pool backs L&G housing fund with £125m
The £34bn ACCESS local authority asset pool has allocated £125m to a new affordable housing fund launched by Legal & General (L&G).
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NewsTrustees warned against complacency as surpluses remain
The aggregate funding level of private sector defined benefit (DB) schemes remained close to 150% at the end of the second quarter, according to data from the Pension Protection Fund (PPF).
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NewsRailpen laments ‘opportunity lost’ as FCA unveils listings overhaul
Railpen has expressed strong disappointment with a new regulatory regime for UK listed companies, unveiled by the Financial Conduct Authority (FCA) this morning (11 July).
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NewsUSS, Brunel to help shape National Wealth Fund
The UK’s biggest private sector pension scheme and one of the eight local authority pension fund pools are among the members of a taskforce set up by the government.
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NewsJoined-up thinking: Emma Reynolds to work across DWP and Treasury
The appointment of a pensions minister working across the Department for Work and Pensions (DWP) and the Treasury could signal joined-up pensions policy, according to former pensions minister Sir Steve Webb.
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NewsMeet the new bosses: Key appointments in Labour government
Sir Stephen Timms, former chair of the Work and Pensions Select Committee, has been appointed minister of state in the Department for Work and Pensions (DWP).