All News articles – Page 20
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NewsDashboard costs rose by 23% in 2023, figures show
The estimated cost of the Pensions Dashboard Programme reached £289m in 2023, according to the National Audit Office (NAO), up from an initial estimate of £235m in 2020.
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NewsBulk annuities latest: Construction group seals sub-£5m buy-in with Aviva
A Preston-based construction group has completed a full scheme buy-in with Aviva, part of a plan to buy out and wind up the defined benefit (DB) scheme.
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News‘A fundamental point of fairness’: MPs call for action on discretionary increases
Major UK employers have been criticised by MPs for failing to ensure pension payments keep up with inflation.
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NewsEssex, Hampshire invest in property fund through ACCESS
The Essex and Hampshire local authority pension funds have invested into a new property vehicle launched by the ACCESS pool.
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NewsTPR to scrutinise ‘systemically important’ professional trustee firms
Professional trustee firms have become “systemically important” to the industry and will be a focus for regulation in the coming years, according to the Pensions Regulator (TPR).
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NewsAutomation ‘could save DB schemes £300m a year’
Automation could save defined benefit (DB) pension schemes tens of thousands of pounds a year, according to research by Spence & Partners.
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NewsBorder to Coast bags two awards at Investment Innovation Summit
Other winners of Innovation Awards include Scottish Widows, Clara Pensions, Penny and Cardano.
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NewsIndustry doubts prospect of success of Mansion House reforms
Less than a third of pension industry professionals believe the Mansion House reforms will be effective, according to the Pensions Management Institute (PMI).
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NewsTPR: Time is running out to clean up your data
The Pension Regulator (TPR) has warned scheme administrators to make sure they deal with any data issues during the Pensions Administration Standards Association (PASA) conference in the City of London this week.
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NewsSchemes eager to back government’s infrastructure investment drive
Almost two-thirds (65%) of UK pension fund leaders expect to increase allocations to UK infrastructure over the next 12 months, according to new research.
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NewsBulk annuity latest: Construction group seals £16m buy-in
Building company John Graham Construction has completed a £16m buy-in with Legal & General (L&G).
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NewsWTW urges higher default contribution levels to boost saving
Employers should look to increase the default contributions into pension funds when auto-enrolling staff, as part of measures to improve pension adequacy, according to WTW.
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NewsLGPS in surplus as assets hit record £400bn
Local authority pension funds across England and Wales had an aggregate funding level of 106% at the end of March 2024, according to Isio.
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NewsAuto-enrolment contributions boost ‘could add £10bn a year’
Increasing minimum auto-enrolment contributions from 8% to 12% could bring an additional £10bn a year into the pension system and significantly boost the retirement savings of younger members, according to Phoenix Group.
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NewsUse surplus to restore inflation protection, say trustees
Defined benefit schemes with healthy funding surpluses should look to help members who have missed out on inflation protection, according to the Association of Member Nominated Trustees (AMNT).
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NewsTPR Annual Funding Statement: Is your scheme’s strategy fit for purpose?
Endgame options, climate risk and sponsor covenant all feature prominently in TPR’s latest annual funding statement.
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NewsSPP urges care over PPF valuation changes
Proposed changes to valuation metrics for schemes in the Pension Protection Fund’s (PPF) assessment period could push smaller funds away from better options in the insurance market, according to the Society of Pension Professionals (SPP).
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NewsACCESS seeking to appoint two private equity allocators
ACCESS, which consists of assets totalling c.£35 billion on behalf of participating pension funds, is seeking to appoint two private equity allocators.
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NewsWhat we learned from the FCA’s retirement data
Pensions Expert delves into the numbers released by the regulator this week to explore what they say – and what they don’t – about the UK’s retirement landscape.
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News‘Capacity crunch’ risk as schemes failing to plan for dashboards
Less than half of pension schemes have a plan for connecting to the pension dashboard system, according to a poll from LCP.