All News articles – Page 209
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DB funding slips lower over December
On the go: Surplus in the UK's defined benefit pension schemes evaporated over December, according to a funding measure used by the Pension Protection Fund.
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Older workers look away from 'cliff-edge' retirement
Almost half of UK workers over the age of 50 prefer to transition gradually into retirement by blending work and retirement, according to a new study
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Select committee launches inquiry into contingent charging
On the go: The Work and Pensions Committee has launched an inquiry into contingent charges for defined benefit transfer advice.
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FTSE 350 pension deficit increased by 28% in 2018
On the go: The deficit of defined benefit pension funds for the UK’s 350 largest listed businesses rose to £41bn at the end of 2018, from £32bn at the end of 2017 – an increase of 28 per cent, according to Mercer.
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Master trusts slow to seek authorisation from TPR
On the go: Master trusts continue to be tardy in applying for authorisation from the Pensions Regulator, with the watchdog revealing that it has only received six applications for authorisation as at December 31 2018.
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Whitbread derisks pension scheme with £380m one-off payment
On the go: The leisure group Whitbread has agreed with the trustee of its defined benefit pension scheme, the Whitbread Group Pension Fund, to make a one-off contribution to the pension fund of up to £380m.
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144% rise in number of businesses fined for auto-enrolment errors
On the go: The number of businesses fined by the Pensions Regulator for auto-enrolment errors has climbed 144 per cent to 35,810 in 2017-18 from 14,650 in 2016-17, according to recent analysis by commercial law firm EMW.
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PPF starts payments following ECJ ruling
On the go: The Pension Protection Fund has begun to top up the compensation of members receiving less than 50 per cent of their original pension promise, following a landmark ruling by the Court of Justice of the European Union.
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SFGB opens for business
On the go: The Single Financial Guidance Body launches this week, as three existing providers of government-sponsored financial guidance merge.
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ACA backs further AE reforms despite small employer opt-outs
Smaller employers expect a rise in the number of staff opting out of their auto-enrolment pension as minimum contribution rises bite, research has shown.
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NewsPIPA 2019: Meet the judges
Pensions Expert has assembled a team of leading authorities on pension scheme management to judge the 2019 edition of the Pensions and Investment Provider Awards, which are now open for entry.
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UK DB deficit shows modest improvement over 2018
On the go: The aggregate accounting deficit of all UK private sector defined benefit pension schemes has shown a modest improvement over the year, according to JLT Employee Benefits, falling to £107bn at December 31 2018 from £119bn a year earlier.
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Govt discriminated against younger judges and firefighters, court finds
The government has suffered another legal defeat over its handling of changes to pension provision for judges and firefighters, with a court maintaining that it discriminated against younger members and indirectly against ethnic minorities and women.
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Pensions cold-calling bill passes through Parliament
On the go: Pensions cold-calling will finally be banned from January, after a string of delays in legislating against what has been a scourge of UK savers.
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Uber loses appeal over driver employment rights
On the go: Judges have dismissed an appeal against a ruling that Uber’s drivers should be treated as workers rather than as self-employed.
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Bradford accounts manager accused of workplace pension cover-up
On the go: The Pensions Regulator has bared its teeth against a Bradford-based accounts manager who allegedly covered up a failure to provide workplace pensions at a string of restaurants.
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Kingman: FRC should be replaced with new independent regulator
On the go: The Financial Reporting Council should be replaced as soon as possible with a new independent regulator with clear statutory powers and objectives, an independent review of the council has recommended.
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Savers unfazed by AE contribution rises
Auto-enrolment savers have proved indifferent to a rise in their contribution rates imposed earlier this year, according to research, but the government remains unconvinced by the case for using inertia to tackle low self-employed saving rates.
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TPG Sixth Street Partners to invest up to £500m in Clara Pensions
On the go: Superfund Clara Pensions has announced that TPG Sixth Street Partners, a global credit and credit-related investment platform partnered with private equity group TPG, will become its provider of long-term capital.
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TPR investigates suspected £18m pension fraud
On the go: Six people have been interviewed by Essex Police under caution in connection with a suspected pension fraud as part of a criminal investigation by the Pensions Regulator.