All News articles – Page 203
-
NewsSelect committee turns focus to Railways Pension Scheme deficit
The Work and Pensions Committee has written to the Pensions Regulator over what it called the “staggering, parlous state” of the £25.5bn Railways Pension Scheme.
-
News
NHS staff get cash instead of contributions options
On the go: Doctors at risk of being caught by the tapered annual allowance will reportedly be offered cash instead of an employer contribution under new plans to reverse the trend for doctors retiring early.
-
News
ONS: Three in four people now members of a workplace pension
On the go: Since the introduction of auto-enrolment in 2012, the proportion of UK employees enrolled in a workplace pension has soared from 47 per cent to 76 per cent in 2018, according to research published today by the Office for National Statistics.
-
News
Field: Sir Philip Green up to 'old tricks again' with Arcadia
On the go: The Work and Pensions Committee has condemned proposals to cut deficit recovery funding for the Arcadia pension schemes.
-
News
Higher pension costs could see 57 schools closing
On the go: Fifty-seven independent schools could close because of the £1.1bn rise in the employers’ contribution to the Teachers’ Pension Scheme from September 1 2019, with a further 185 withdrawing from the scheme.
-
News
Fiduciary managers struggle in 2018’s testing markets
On the go: Fiduciary managers significantly undershot their targets in 2018, with underperformance ranging from 6 per cent to more than 11 per cent, according to the first XPS FM Watch report.
-
News
TPO orders trustees to repay £2.4m into pension scheme
On the go: The Pensions Ombudsman has required the trustees of Henry Davison Limited Pension Scheme to repay £2.4m back into the scheme.
-
News
Tax regime ripe for reform says AJ Bell as 12,000 lose LTA protection
On the go: Over 12,000 pension savers have breached lifetime allowance ‘protections’ in the past 12 years, leaving them to face tax bills running into hundreds of thousands of pounds.
-
News
British Airways agrees settlement with APS
British Airways has finally agreed an out of court settlement with the trustees of the Airways Pensions Scheme.
-
News
Debenhams scheme survives pre-pack administration
On the go: Trustees of the Debenhams pension schemes have reassured members that they still have a sponsoring employer after the retailer went into a pre-pack administration on Tuesday.
-
News
New pensions service calls for stakeholder views on financial wellbeing
On the go: The Money and Pensions Service will be carrying out a number of events across the UK between now and June, enabling stakeholders to discuss what is needed to boost financial wellbeing in local communities and across the country.
-
News
South Yorkshire Pension Authority invests £80m in local region
South Yorkshire Pension Authority has announced plans to ramp up its local investing efforts, committing £80m to lending aimed at supporting property development in Sheffield and extending an existing allocation to another Yorkshire-based property fund.
-
News
Only 13% of organisations predict CDC adoption in next six years
On the go: Only 13 per cent of trustees and sponsors predict that their organisations will adopt a collective defined contribution scheme of some sort by 2025, according to research by Willis Towers Watson.
-
News
Govt greenlights dashboards but timetable questioned
On the go: Pension schemes will be allowed up to four years to submit data to the pensions dashboard, sparking concerns that services appearing later this year will not be comprehensive.
-
News
Church of England scheme gives ultimatum to mining companies
On the go: In the wake of the collapse of the tailings dam in Brumadinho, Brazil, which killed at least 84 people and left hundreds missing, 96 institutional investors have been stirred into action.
-
News
L&G legacy pension members face higher charges, finds IGC
On the go: In its fourth annual report, Legal & General's independent governance committee gave the company an overall high score, but flagged up steep charges on legacy pension products.
-
News
PLSA policy board sets priorities for next four years
On the go: The Pensions and Lifetime Savings Association’s new policy board has set its priorities for the next four years, with specialist sub-committees formed for defined benefit and defined contribution schemes, local authority schemes and master trusts.
-
News
Workers unaware of auto-enrolment contribution hike
On the go: More than a quarter of workers are unaware of automatic enrolment increases taking effect from Saturday, according to Aviva research.
-
News
‘Large casualties’ expected as master trust authorisation window closes
On the go: Thirty master trusts have applied for authorisation to the Pensions Regulator by the closing date for applications of March 31. A further 10 schemes have been granted an extension and are expected to file an application in the coming weeks.
-
News
FTSE 350 pension deficit reaches 18-month high
On the go: The UK’s 350 largest listed companies have seen the deficit of their defined benefit pension schemes reach an 18-month high, increasing from £45bn at the end of February to £55bn by the end of March, according to Mercer.