All News articles – Page 204
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Transfer values rise sharply during March as demand remains high
On the go: Pension transfer values rose substantially during March, peaking at almost £251,000, according to consultancy XPS Pensions.
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Pension professionals distrust consolidation, finds PMI poll
On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.
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Select committee gives pension industry low marks for transparency
On the go: The pensions and financial inclusion minister Guy Opperman, and John Glen, the economic secretary to HM Treasury, were grilled by the Work and Pensions Committee investigating pension costs and transparency on Wednesday.
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NewsFirefighters case demonstrates need for clarity over pensionable pay
A recent High Court decision that overtime payments for firefighters in Wales are pensionable has highlighted the importance of clarity and collaboration regarding pensionable status when new types of pay are introduced, lawyers have said.
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Clara eyes Q2 transaction after consultation delays clearance
Commercial consolidator Clara Pensions expects to complete its first transaction within the next three months, according to the company’s founder and chief executive officer Adam Saron.
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Scammer sentenced to three years in prison
On the go: A trustee has been jailed after fraudulently taking more than £29,000 from a pension scheme.
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Debenhams trustees see hope for schemes after sponsor refinancing
On the go: Trustees of the Debenhams pension schemes have welcomed the news that its sponsor has agreed a £200m refinancing of its debt, including packages to improve the security of member benefits.
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Ongoing data problems spark valuation concerns at Barnet
Poor quality pensions data at the London Borough of Barnet Pension Fund have sparked concerns that the scheme’s triennial valuation could be derailed or delayed.
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NewsCharity blames insolvency on pension costs and local govt rules
A charity in Northern Ireland has announced it is closing this month, citing pension costs and a lack of flexibility in the region's local government scheme as the reason behind its insolvency.
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NewsEmployers and academics rail against new USS contribution rate
Employers and workers alike have expressed concern over proposed contribution hikes to Britain’s biggest private sector pension scheme, the £63bn Universities Superannuation Scheme.
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Covenant risk tops trustees’ list of concerns
On the go: Employer covenant risk is defined benefit pension schemes’ greatest worry, according to a poll of 42 trustees and their advisers by professional trustee company PTL.
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Trustees lukewarm on consolidator benefits
On the go: Most defined benefit trustees doubt the ability of commercial consolidators to improve their members’ security, according to a new survey that also reveals widespread ignorance of the two new players in the market.
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Life expectancy in London boroughs varies by 20%
On the go: There are huge differences in life expectancy in the UK, even across neighbouring postcodes, data specialist CACI has found.
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Government gives green light to CDC schemes, but questions remain
The government has given the go-ahead to collective defined contribution schemes, but experts say its consultation response has left a number of issues unaddressed.
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Employers reject call for contingency contributions from USS
On the go: At least two employers, including the University of Oxford and the University of Sheffield, have rejected the call for contingent contributions in a consultation from Britain’s largest private sector pension scheme, the Universities Superannuation Scheme.
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PPF seeks member representative for board position
On the go: The Pension Protection Fund is taking a novel approach to recruitment, seeking a board member who has been compensated by the fund.
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National Pension Trust files for authorisation days before deadline
On the go: With just days to go before the deadline of March 31, the National Pension Trust has submitted its application to The Pensions Regulator for master trust authorisation.
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NewsGMB members accept revised pension offer from Historic Royal Palaces
Staff working for Historic Royal Palaces have accepted a revised offer on pension provision, ending months of dispute between the independent charity and the GMB trade union over the closure of their defined benefit scheme.
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Third of people unaware of pensions tax relief
On the go: Across the UK, there are huge gaps in pensions knowledge, with 35 per cent of people unaware that the government contributes to pensions through tax relief.
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Spring Statement: Government responds to RPI flaws
On the go: The government is still considering whether to take action on problems with the retail price index, it was announced after the Spring Statement yesterday.