All News articles – Page 193
-
NewsGreater platform use will open up alts to smaller schemes
Data crunch: Defined benefit trustees are in a bind on cash flows, with low or even negative yields persisting in traditional fixed income just as their schemes’ liabilities begin to mature and cash injections dry up. Asset managers are responding by offering new solutions to help access alternative, secure income-generating assets.
-
News
Law firm targets ‘short-changed’ doctors, teachers and police officers
On the go: The government could face legal challenges from hundreds of thousands of teachers and doctors following changes to their pension schemes, according to Leigh Day.
-
News
Trustees should act now to guard against market collapse
On the go: Trustees and sponsors of defined benefit schemes should increase their asset allocations to alternatives and hedge funds in light of high valuations and stretched yields, Cambridge Associates urges in new research.
-
News
Dichotomy between FTSE chiefs and workers’ pensions remains
On the go: Just 30 per cent of FTSE 100 companies have pledged to cut their pension payments for their directors, following a campaign by the Investment Association on excessive boardroom pay.
-
News
Arcadia CVAs approved
On the go: Arcadia Group, the struggling fashion empire controlled by Sir Philip Green, can move forward with its restructuring plans after a challenge from US landlords was withdrawn.
-
News
DB transfer values hit all-time high
On the go: Defined benefit pension transfer values soared to an all-time high on August 21, according to the latest analysis from consultancy XPS Pensions.
-
News
Aviva Master Trust and Workers Pension Trust gain authorisation
On the go: The Aviva Master Trust and Workers Pension Trust have been added to the Pensions Regulator’s list of authorised schemes.
-
News
USS recovery plan talks begin after employers fail to head off strike threat
On the go: The trustee of the Universities Superannuation Scheme has issued a series of consultation documents in a bid to commence agreements with employers on a suitable recovery plan and contribution rates for the scheme.
-
News
GMP equalisation soars up list of trustees concerns
On the go: GMP equalisation has soared up the list priorities for pension schemes following the Lloyd’s Banking Group case earlier this year, Equiniti research has found.
-
News
ONS: One in four people will be over 65 by 2050
On the go: The UK population is growing older, Office for National Statistics figures have shown, with potentially big repercussions retirement patterns.
-
News
Business handed £350k fine for not complying with pension duties
On the go: The Pensions Regulator is warning employers not to avoid their pension duties after one company ended up with a £350,000 fine.
-
NewsOne in five people 'not bothering' with their pensions, survey shows
Experts have stressed the need for financial education after recent research found that more than a third of savers do not know how to access their pension pots and one in five people are “not bothering” with their pensions at all.
-
News
9m workers sleep-walking into retirement, report finds
On the go: Nearly 9m mid-career employees are flying blind into retirement, clueless on how much they need to save for their retirement, Aviva research has found.
-
News
Slowdown in death rate in 2019 may increase DB liabilities
On the go: The relatively low number of deaths reported so far this year appears to buck the trend of stalling life expectancy improvements since 2011, an LCP report has highlighted.
-
News
TPR adds three more master trusts to list of authorised schemes
On the go: Atlas Master Trust, The Cheviot Pension and The People’s Pension have all been added to the Pensions Regulator’s list of authorised master trusts.
-
News
Employers urged to monitor default performance more closely
On the go: Employers should look under the bonnet when reviewing their default fund as there is a huge variation in asset allocation and performance of these products, according to Punter Southall Aspire analysis.
-
News
State pension age should rise to 75, says think tank
On the go: A chorus of critics has condemned the Centre for Social Justice’s proposal to increase the state pension age to 70 by 2028, with a further rise to 75 by 2035, to make the system more sustainable and reflect longer life expectancies.
-
News
High Court blocks Prudential's £12bn annuity transfer to Rothesay
On the go: The High Court of England and Wales has taken the exceptional step of blocking the transfer of a £12bn portfolio of annuities from The Prudential Assurance Company Limited, a subsidiary of M&GPrudential, to Rothesay Life – leaving a question mark over future deals of this nature
-
News
Nest signs up to ‘Star’ initiative as Opperman urges others to join
On the go: Master trust Nest – one of the UK’s biggest pension schemes, with 8m members – has joined the pensions industry ‘Star’ initiative.
-
News
TPR writes to 120 schemes about incorrect equalisation calculations
The Pensions Regulator has written to the trustees of 120 pension schemes administered by Prudential making them aware of potential pension payment errors.