All News articles – Page 188
-
News
Will Generation X be the most vulnerable at retirement?
On the go: Thirteen million people born between 1966 and 1980, the so-called Generation X, will face acute problems as they come up to retirement in the next 12 to 28 years unless decisive action is taken, according to the Pensions Policy Institute.
-
News
FCA scam warning: 22 years of pension savings gone in 24 hours
On the go: Victims of pension scams lost an average of £82,000 to fraudsters last year, equivalent to 22 years’ worth of savings evaporating within 24 hours, according to the Pensions Regulator and the Financial Conduct Authority.
-
News62 private schools exit teachers’ scheme as costs rise by 43%
A total of 62 independent schools have told the government they plan to leave the Teachers’ Pension Scheme, with more set to follow.
-
News
Superfund delays are ‘egregious waste’ of investors’ capital
The chief executive of The Pension SuperFund has hit out at the government, over its failure to agree a regulatory framework for defined benefit consolidation despite ministers having encouraged the creation of the sector in the first place.
-
NewsMothercare UK pensioners avoid PPF haircut with restructure
A transfer of sponsor has saved Mothercare UK’s pension schemes from falling into the Pension Protection Fund, following the collapse of the retailer into administration on Tuesday.
-
News
Authorisation sees master trust market shrink to 37 providers
On the go: A final total of 37 master trusts have received authorisation from the Pensions Regulator, with the FCA Pension Plan and Salvus Master Trust the last to get the go-ahead on Tuesday.
-
News
Cyber attacks pose huge risk to portfolios
On the go: Two of the UK’s highest-profile pension schemes have urged fiduciaries to pay more attention to the impact of cyber breaches on the performance of companies they invest in.
-
News
UCU calls 8-day pensions strike affecting 60 universities
On the go: University staff will walk out at 60 of the UK's higher-education institutions later this month, after a conflict between unions and bosses on pensions and pay failed to reach a resolution.
-
NewsTrustees’ retort to minister’s ‘just switch’ ESG comments
An industry body representing trustees says market failures are preventing it from meeting the pensions and financial inclusion minister’s call to sack managers who refuse to implement voting policies, but cautiously welcomes the introduction of a new stewardship code.
-
NewsMPs up pressure on govt over non-commercial dashboard
The government’s failure to commit to a rollout timetable for a new pensions dashboard with state pension data was criticised on Saturday by the Work and Pensions Select Committee.
-
News
Lords bill seeks to give TPR dividend approval and scrap PPF cap
On the go: An ambitious bill brought before the House of Lords last week would give the Pensions Regulator approval over company dividend payments, and remove the cap on compensation payments made by the Pension Protection Fund.
-
News
Minister presses ahead on simpler statements
On the go: The Department for Work and Pensions is consulting on measures to hasten the adoption of two-page simplified pension statements, in response to sluggish uptake from the industry.
-
News
University staff back strike action over pensions
On the go: Members of the University and College Union have voted in favour of strike action over changes to the Universities Superannuation Scheme, the latest threat of a walkout in a long-running pensions dispute.
-
News
Johnson lambasts billion-pound costs of LGPS
The stellar investment returns of the Local Government Pension Scheme over the past decade may be overplayed, according to a leading expert from a right-wing think tank, who also controversially claimed that the scheme offers poor value for money.
-
News
Workers must save quarter of income for ‘moderate’ retirement lifestyle
On the go: UK savers need to save at least £800 a month to achieve the moderate living standard outlined by the Pensions and Lifetime Savings Association, research by the Institute and Faculty of Actuaries has found.
-
NewsESG gauntlet laid down as member demand grows
Asset manager Schroders says trustees do not do enough to communicate their views on sustainability to their managers, as environmental, social and governance issues rise up the institutional and consumer agenda.
-
News
Regulator under fire for insurance supervision
On the go: The Prudential Regulation Authority has been criticised over its supervision of the insurance sector, and in particular the proposed transfer of £12bn of annuities by Prudential to Rothesay Life.
-
News
Master trusts welcome CDC in decumulation
Several master trusts would welcome the ability to offer a collective defined contribution solution for their members in decumulation, after the government hinted at such a possibility.
-
News
Regulator’s AE report: Work still to do despite policy success
A transformation in levels of workplace pension scheme participation following automatic enrolment has been applauded by experts, but engagement and average contributions remain low.
-
News
Nearly one in five schemes use FM as green issues come to the fore
On the go: Despite a regulatory investigation, assets managed by fiduciary managers have broken the £170bn barrier, up 21 per cent from £142bn in 2018.