All News articles – Page 187
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Unions take govt to court over cost floor inaction
On the go: Trades unions representing firefighters have launched High Court legal action against the government, over delays to pension top-ups due under public sector scheme rules.
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Govt suspends tax rule for returning NHS workers
On the go: The government has temporarily suspended tax rules that could have seen returning NHS workers hit with a significant tax charge on their pensions income.
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Another way to give DB employers relief?
Analysis: Trustees of defined benefit schemes are being asked to make tough decisions as to whether to allow employers to change their scheduled contributions, amid the lockdown-driven economic crisis. Could changing the employer assets over which they have security help bosses free up the cash to stay afloat?
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Premier Foods sets up tasty scheme merger
Premier Foods, maker of Mr Kipling cakes, has reached a groundbreaking agreement to merge its RHM, Premier Foods and Premier Grocery Products pension schemes, a move that the company estimates could save it as much as £145m in contributions.
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Company stung by £80,000 HMRC charge for unauthorised pension loan
A light fittings company has been hit with an £80,000 scheme sanction charge by HM Revenue & Customs for making an unauthorised loan from its pension fund to an affiliated business.
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£37bn a year to flow from DB to bulk annuity providers
On the go: Demand for buy-ins and buyouts is predicted to average £37bn a year for the next decade, according to new analysis.
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First trustee passes professional accreditation standard
On the go: The accreditation system put in place for professional trustees has seen its first candidate pass through the process, as qualification providers eye online migration of examination processes.
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NewsCovid-19: Don’t lose sight of strategic allocation
Market moves:As the world struggles to grapple with the concept of negative oil prices, three separate analyses all urge pension schemes to focus on the risks in their strategic asset allocations.
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NewsBA trustees disembark as destination comes into view
A British Airways defined benefit scheme is shrinking its trustee board size, due to decreased workload after a buy-in and successfully weathering the Covid-19 funding storm.
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Scottish govt bows to pressure over NHS death benefits
On the go: The Scottish government has agreed that all National Health Service staff providing frontline treatment to Covid-19 patients will receive full death benefits under the NHS pension scheme, including those returning on a temporary basis.
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Waspi women call for state pension access
On the go: A group of women born in the 1950s affected by an increase in the state pension age has called on the government to give early access to the state pension for those affected by the coronavirus outbreak.
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Agri business and research institute switch to fiduciary management
On the go: Defined benefit schemes belonging to a malt production business and a social research institute have both switched to fiduciary management with Netherlands-owned Kempen Capital Management.
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Minister urges saver caution over scams
On the go: The government has cautioned against savers making hasty alterations to pensions, warning that rash decisions motivated by fears surrounding the coronavirus crisis and market crash may be exploited by scammers.
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Investors sound alarm over AGM shut-outs
On the go: Two-thirds of FTSE 100 companies that have announced annual meetings plan to conduct them behind closed doors under the Covid-19 lockdown, sparking concerns over shareholder rights.
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Multibillion pension sponsors among vulnerable to demand shock
Sponsors of some of the UK’s largest defined benefit pension schemes are among those exposed to a potentially unsustainable level of debt if their cash flows dry up, new analysis has suggested.
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TPR clarifies treatment of salary sacrifice under furlough
On the go: The Pensions Regulator has issued guidance to large employers stating they must continue to pay furloughed workers’ pension contributions as normal where they have entered into a salary sacrifice arrangement.
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Bulk annuity deals to hit £25bn in 2020
On the go: Defined benefit schemes are expected to complete buy-in and buyout deals in 2020 to the tune of £25bn, according to research from Lane Clark & Peacock.
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Govt extends RPI consultation to summer
On the go: Chancellor of the exchequer Rishi Sunak has extended until August the consultation on how the retail price index should be reformed, to give businesses more time to respond.
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ESG-focused investments show durability through market meltdown
The Covid-19 pandemic has shown how important environmental, social and governance factors are when making investment decisions, according to analysts.
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FT implements Covid-19 pension cut
On the go: The Financial Times has reduced its level of pension contributions for staff, as part of a range of measures designed to cut costs in reaction to the coronavirus pandemic.