All News articles – Page 181
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Hundreds of teachers take legal action against government
On the go: More than 300 teachers are issuing claims to the employment tribunal relating to discriminatory changes made to their pensions in 2015.
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Regulator outlines Q1 policy plans
On the go: The Pensions Regulator is to publish recommendations on trustee diversity and governance in February, as the watchdog set out its policy commitments for the early months of 2020.
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TPR presses Church of England for shorter deficit recovery
The Pensions Regulator has dismissed the idea of the Church of England employers reducing their deficit contributions, after a change in the valuation method used in one of its defined benefit schemes resulted in a shortfall decrease from £236m to £50m.
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Professionals say regulation creating unnecessary costs
On the go: A survey of pensions professionals has uncovered concerns about the added cost burden placed on schemes by increasingly strict regulation.
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RPI reform consultation to be published in March
On the go: A consultation on changes to the retail price index will be published alongside the UK Budget on March 11, the chancellor of the exchequer has announced.
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UK crawls back towards PPF surplus
On the go: UK defined benefit schemes are inching towards being fully funded on the basis used by the Pension Protection Fund, new figures from the lifeboat reveal.
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Chappell ordered to pay £9.5m into BHS schemes
On the go: Dominic Chappell has been ordered to pay £9.5m into two pension schemes related to the collapsed high street chain BHS.
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NewsRailways Pension Scheme deficit called into question
New calculations showing an £11bn deficit for the Railways Pension Scheme have been dismissed by the National Union of Rail, Maritime and Transport Workers, which has promised industrial action if new measures to plug the gap are imposed without negotiation.
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New pension tax rules could be in place by April
On the go: The outcome of the government’s review on the tapered annual allowance is expected to be published in the upcoming Budget, and reforms could be in place from the start of the next tax year, according to the British Medical Association.
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GMP rectification facing further delays after HMRC announcement
The government’s delayed timeline for confirming payments due under guaranteed minimum pensions reconciliation will be published soon, HM Revenue & Customs announced on Thursday, as it attempted to put an end to long-running confusion over partial payments.
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Mineworkers and British Coal secure £268m settlement
On the go: The Mineworkers’ Pension Scheme and the British Coal Staff Superannuation Scheme have secured a $350m (£268m) settlement from a class action against a photovoltaic solar panel producer.
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Landmark vegan case could disrupt pensions industry
A landmark ruling finding that veganism is a philosophical belief will have a wider impact in the pensions industry, experts say, but warn trustees to avoid making knee-jerk changes to their schemes.
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Border to Coast hires Pimco for multi-asset credit fund
On the go: Border to Coast Pensions Partnership has appointed Pimco as the core manager for its multi-asset credit fund, which is expected to launch in early 2021.
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One third of investment firms lacking on systematic ESG analysis
On the go: Nearly a third of investment managers do not consider environmental, social and governance factors systematically across all asset classes, despite claims from the majority that they invest responsibly, according to a report from LCP.
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Accountant ordered to pay £5k for misleading pensions regulator
On the go: A former accountant has been ordered to pay £4,987 for providing false or misleading information to the Pensions Regulator over workplace pensions duties.
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National Grid scheme commits £185m to UK renewables
On the go: The National Grid UK Pension Scheme has awarded a £185m mandate to Octopus Renewables to manage UK solar and onshore wind assets.
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PPF reaches 1,000th scheme transfer milestone
On the go: The Pension Protection Fund has accepted its 1000th scheme with the transfer of Carillion Rail, a section of the Railways Pension Scheme with almost 4,000 members.
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Scottish local funds urged to develop information standards
Inconsistencies and lack of standardisation in information are frustrating efforts to make a ‘like-for-like’ comparison between local authority funds in Scotland, a new government report has found.
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Pensions Ombudsman reports Green Coal to TPR
On the go: The Pensions Ombudsman has reported the Green Coal Limited Occupational Pension Scheme to the Pensions Regulator with concerns over the “status of the scheme”, after upholding a complaint against it.
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Brunel eyes full transition of scheme assets by end of 2020
On the go: The Brunel Pension Partnership is aiming to complete the transition of assets from its partner funds by the fourth quarter of 2020, by which point it expects to have launched the majority of its portfolios.