All News articles – Page 189
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Aviva staff scheme completes first buy-in
On the go: Aviva Life & Pensions UK has completed a £1.7bn bulk annuity buy-in of the Aviva Staff Pension Scheme.
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PPF aims to spruce up assessment panel as it tenders for 10 experts
On the go: The Pension Protection Fund has set the ball rolling for a retender of its assessment period trustee panel with a special focus on corporate restructuring and insolvency proceedings.
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KPMG in exclusive talks with Exponent to sell pensions arm
On the go: KPMG has confirmed that it is in exclusive talks with private equity firm Exponent to offload its pensions arm.
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FRC unveils stewardship code addressing ESG engagement
On the go: A new code from the Financial Reporting Council dictates how asset managers and pension funds should engage with companies for better environmental and social outcomes, including on climate change.
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ACA: Widespread indecision over complexity and cost of GMP equalisation
On the go: The complexity and cost of equalising guaranteed minimum pensions is a major concern for many employers, who have yet to decide on how they should respond to the legal requirement to act, according to Association of Consulting Actuaries research.
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RPI changes could hit pensions funding by up to 10 per cent
On the go: Reforms to the calculation of the retail price index could have a massive impact on pension funding, LCP reveals in a new report.
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Lack of opportunities still a barrier for schemes seeking illiquidity
On the go: Demand for real assets is growing, but pension funds say regulatory interference and availability of assets is still the biggest challenge facing investors on the hunt for illiquidity premium.
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DWP proposes levy rise for pension schemes
On the go: The Department for Work and Pensions sought feedback from the pensions industry on Friday ahead of its proposed increase to the general levy paid by pension schemes.
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Asda enters mammoth buy-in ahead of possible float
On the go: UK supermarket chain Asda has offloaded £3.8bn of its defined benefit liabilities in a buy-in with Rothesay Life.
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Opperman urges schemes to ‘act now to equalise GMP’
On the go: Guy Opperman has called on pension schemes to take immediate action to equalise guaranteed minimum pension payments.
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Traditional pensions fail millennials, finds Smarterly
On the go: A report has questioned whether employers truly understand their employees’ financial priorities.
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PASA president warns over data costs
On the go: The president of the Pensions Administration Standards Association has warned that the poor quality of pension scheme data could frustrate the efforts of pensions dashboards.
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BNP Paribas swells the ranks of Nest’s private credit hires
On the go: Master trust Nest has taken another step in its move into private credit, with the hire of BNP Paribas Asset Management as a diversified global loans specialist.
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As Nest adds private credit, should platforms ditch daily dealing?
Asset management platform providers have been urged to open up defined contribution schemes’ access to private market funds, following the announcement of a third private credit mandate by Nest.
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Providers to be fined £50k if they break dashboard rules
On the go: The government has revealed that providers that fail to supply data for the pensions dashboards could be fined up to £50,000 by The Pensions Regulator.
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Trustees unconvinced on lifetime mortgage backing
Data crunch: Lifetime mortgage providers are hoping to tap into pension fund capital to fuel market expansion, but a combination of limited expertise, social risks and maturing defined benefit liabilities are holding trustees back.
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Consultation on DB funding code expected early 2020
On the go: A consultation on a revised defined benefit funding code will be launched at the start of next year, according to Charles Counsell, chief executive of the Pensions Regulator.
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10k-20k-30k: PLSA launches new retirement living standards
On the go: The Pensions and Lifetime Savings Association has launched its retirement living standards, an attempt to translate savings targets into a description of the quality of life they will actually enjoy in later life.
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LTA to increase to £1.075m next year while pensioners get bumper rise
On the go: The latest data from the Office for National Statistics shows the consumer price index of inflation grew by 1.7 per cent in September 2019, with impacts on the state pension and the lifetime allowance.
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Consolidators unfazed after being dropped from pensions bill
The two existing defined benefit commercial consolidators have said they are not surprised by the lack of superfund provisions in the pensions bill.