All News articles – Page 196
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Standard Chartered under fire over bumper executive pensions
On the go: The Work and Pensions Committee has demanded answers from Standard Chartered over its pension payouts to executives, escalating the debate over bumper retirement awards at the top of corporate structures.
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Transfers head list of complaints at the Pensions Ombudsman
On the go: Complaints to the Pensions Ombudsman rose by 5 per cent according to its recently published annual report and accounts for 2018/19.
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Lancashire hails portfolio's positive impact on local area
The Lancashire County Council Pension Fund, which has invested £200m in its local community since 2013, has become an industry trailblazer amid growing interest in social impact investments.
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Royal London: Retirees’ withdrawals range from 4 per cent to 10 per cent a year
On the go: People using the pension freedoms are taking income at rates varying from 4 per cent to 10 per cent, depending on their pot size and income needs.
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Military pension verdict could open floodgates for public sector claimants
On the go: A woman has won the right to her late partner’s military pension in a Court of Appeal ruling on the rights of unmarried couples.
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TPR shows off tougher approach alongside single-source code of practice
The Pensions Regulator's use of its frontline powers has risen by a third over the past year, it has revealed, as the watchdog cements its “clearer, quicker, tougher” ethos into its practice.
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3 in 4 companies happy to extend AE to self-employed and low-paid
On the go: Three quarters of businesses back the extension of auto-enrolment to include the self-employed and those earning less than £10,000 a year, but have a limited appetite for mandatory contribution increases, according to new research.
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FTSE 100 employers' DC contributions rise to 7.1 per cent
On the go: FTSE 100 employers are paying more than ever into their staff's defined contribution pensions, and are some way ahead of auto-enrolment minimums, a new report has found.
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Employers dodging pension duties by changing their identity, says TPR
On the go: A number of employers appear to have tried to hide their failure to comply with the law by disguising themselves behind a new name, The Pensions Regulator has revealed.
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NewsFCA's move to shrink IFA market poses trustee challenges
The Financial Conduct Authority defended its increase to the compensation limit on Wednesday, accepting that the financial advice market was shrinking but reaffirming that it will help protect consumers.
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Fossil free campaigners set to gather outside GMPF offices
On the go: The Fossil Free Greater Manchester campaign group plans to gather outside the Greater Manchester Pension Fund offices on Friday, urging the local authority scheme to address climate change.
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ECPA: Covenant assessments must consider climate change
On the go: The Employer Covenant Practitioners Association has emphasised the need to consider potential implications of climate change on sponsors’ businesses as part of defined benefit covenant assessments.
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Schemes urged to start work on progressing GMP equalisation
On the go: The GMP Equalisation Working Group has urged schemes to start work on progressing guaranteed minimum pensions equalisation and rectification.
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NewsArcadia CVAs challenged by US property group
Arcadia has received applications challenging two of its seven company voluntary arrangements, raising questions over the future of its pension schemes.
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Treasury accepts pension reforms were unlawful
On the go: The Treasury accepted that its 2015 public sector pension reforms were unlawful on Monday, with the court judgment likely to cost the department £4bn a year and restrict the next chancellor’s spending.
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Swansea to divest £500m after declaring climate emergency
On the go: Swansea’s local authority pension fund is to transition its £500m equity allocation to a low carbon index by the end of July, after the fund’s administering authority declared a climate emergency last month.
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Regulator hits back over influence on USS valuation
The Pensions Regulator has defended its record over the Universities Superannuation Scheme, after the Work and Pensions Committee questioned the regulator’s role in USS’s contested 2017 valuation.
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BoE highlights systemic risk of funds’ use of leveraged loans
On the go: Pension fund liability-driven investing techniques are among the systemic risks to the UK’s financial system highlighted by the Bank of England in a new report.
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PIC de-risking reaches £6bn in H1 with £40bn in pipeline
On the go: The Pension Insurance Corporation has completed nine de-risking transactions totalling £6bn in the first half of 2018, a record for the company with a pipeline of new business of more than £40bn.
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APPT delays start of professional trustee accreditation system
On the go: The start of the new process for accrediting professional trustees has been delayed. Originally set to start in the summer of 2019, arrangements are now expected to be finalised later this year.