All News articles – Page 170
-
News
Fraudster forced to repay £274k to workplace scheme
On the go: A convicted fraudster has been ordered to pay back £274,000 he had stolen from a workplace pension scheme.
-
News
Nest outlines small steps to close ‘gender pensions gap’
On the go: Opting in to a pension scheme at 18, understanding if the employer matches the worker’s contributions, and adding as little as an extra £2.50 a week to the pension pot are all ways of closing the gender pensions gap, according to a report from Nest.
-
News
Greenwashing poses obstacle for would-be sustainable investors
On the go: Sixty per cent of investors say greenwashing is an obstacle to their sustainable investment intentions, while active engagement is one of the key ways asset managers drive sustainable change, according to a report by Schroders.
-
News
Stephen Timms: Regulators need to be vigilant over scams
The Work and Pensions Committee, chaired by Stephen Timms, is now well into its inquiry on the impact of pension freedoms five years on.
-
News
Brunel launches £1.2bn sustainable equities fund
On the go: Brunel Pension Partnership has launched an equity fund with environmental, social and governance considerations that will be managed by three asset managers.
-
News
Rolls-Royce warns regulators about spike in transfer numbers
On the go: The Financial Conduct Authority has issued a data request to financial advisers involved in defined benefit transfers from the Rolls-Royce pension scheme, after the company warned regulators about high activity in this area.
-
News
Govt to tighten guidance rules for accessing pensions
On the go: The Department for Work and Pensions plans to require providers of workplace pensions to signpost guidance whenever savers look to access or transfer their pots.
-
News
Calls for retirement estimates to be dropped from first dashboards
Pension schemes and administrators have requested that the first version of the pensions dashboards run without the inclusion of estimated retirement income data, due to the lack of data and standards for these calculations.
-
News
SNP revives pensions commission in bill amendment
On the go: Two Scottish National party MPs have tabled an amendment to the pension schemes bill to set up a new pensions advisory commission.
-
News
Covid leaves Northern Ireland Water deficit recovery in rough sea
Northern Ireland Water could have to pay an additional £4.6m a year in deficit repair contributions to its scheme, but uncertainty about how Covid-19 has impacted its investment and ongoing negotiations with trustees makes it hard to gauge its recovery plan.
-
News
Larger DB schemes face £100bn bill due to new regulations
The impact of new regulations in the pension schemes bill and the future defined benefit funding code will mean that sponsors of the UK’s largest schemes will have to fork out £100bn over the next 10 years, according to new analysis from LCP.
-
News
Two-thirds of DB sponsors issue 2020 profit warnings
On the go: Almost two-thirds (61 per cent) of listed companies sponsoring defined benefit schemes have issued profit warnings in 2020, according to analysis by EY.
-
News
Govt pushes back against dashboard scam protections
On the go: The government has moved to reverse an amendment to the pension schemes bill that sought to exclude all financial transactions from the pensions dashboard to protect savers from scams.
-
News
Old British Steel scheme agrees £2bn buy-in
On the go: Thousands of steelworkers could receive a boost to their pensions after a £2bn buy-in was agreed — a first step towards a full buyout, taking the scheme out of the Pension Protection Fund.
-
News
APPT launches new code of practice for sole trustees
On the go: The Association of Professional Pension Trustees has set out a code of practice for trustees carrying out sole trustee appointments.
-
News
DWP still keeping millions in the dark over loss of GMP top ups
Millions of people are still unaware of the loss of a valuable indexed guaranteed minimum pension benefit to their state pension since 2016, as the Department for Work and Pensions still has not complied with a Parliamentary and Health Services Ombudsman ruling to inform the public of this deprivation.
-
News
Philip Green 'disliked the Pensions Regulator immensely'
On the go: Fallen businessman Dominic Chappell told Southwark Crown Court of Philip Green’s intense dislike of the Pensions Regulator, and promises made to plug the deficit of BHS pension schemes.
-
News
Lifetime allowance to rise 0.5 per cent next year
On the go: The pensions lifetime allowance is set to rise to £1,078,900 after inflation was confirmed at 0.5 per cent on Wednesday.
-
News
Kier schemes agree cut to deficit contributions as funding improves
The trustees of construction company Kier Group’s defined benefit pension plans have agreed a new payment schedule, to reduce sponsor contributions as the schemes approach full funding.
-
News
Regulator unveils superfunds guidance for trustees
The Pensions Regulator has published new guidance for defined benefit schemes transferring into a commercial consolidation 'superfund', placing the burden of proof on trustees to show that their plan is in members' best interests.