All News articles – Page 21
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NewsHow TPR rates trustees on climate action
New requirements for schemes to publish climate-related reports have resulted in good progress – but more needs to be done, according to the regulator.
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NewsPPF as a consolidator: the pros and cons
The pensions industry has called for caution as the government considers expanding the remit of the Pension Protection Fund (PPF) to become a public consolidator for defined benefit (DB) schemes.
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NewsWhy consumer confidence could undermine pots for life
Research by Barnett Waddingham has shown consumers to be keen on the government’s pots for life concept – but a lack of confidence in decision-making could hamper its success.
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NewsLifeSight to back private equity LTAF launch
The LifeSight master trust is to invest up to 5% of its default option into a new private equity-focused long-term asset fund (LTAF) soon to be launched by WTW.
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NewsTPR statement of strategy plan ‘asking too much’
The Pensions Regulator’s (TPR) proposal for scheme statements of strategy will create significant additional and unnecessary workloads for trustee boards, industry professionals have warned.
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NewsBulk annuity latest: Just Group announces two buy-ins
Insurance company Just Group has announced two bulk annuity transactions worth a combined £190m.
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NewsSupport for government surplus access plans
Defined benefit (DB) schemes could generate half a trillion pounds in surplus payments over the next decade, according to Van Lanschot Kempen.
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NewsStrathclyde to switch £4bn into low-carbon indices
The Strathclyde Pension Fund has begun moving approximately £4bn into low-carbon equity index strategies as part of an overhaul of its investment strategy.
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NewsDB schemes end Q1 in strong surplus position
The aggregate funding position of private sector defined benefit (DB) schemes improved through March to give an overall surplus of £455.5bn at the end of the month, according to the Pension Protection Fund (PPF).
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NewsCall for ban on cash incentives for pension switching
Pension providers should be banned from giving individuals cash incentives to switch to them, according to the People’s Partnership.
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NewsInterview: First Actuarial’s Hilary Salt on her CDC ‘legacy’
Pensions industry veteran Hilary Salt played a pivotal role shaping the UK’s first collective defined contribution scheme, but regulatory hurdles continue to delay its opening.
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NewsHMRC rushes to implement lifetime allowance changes
A government update has raised more questions about the hasty abolition of the lifetime allowance.
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NewsBulk annuity latest: De Beers seals £870m buy-in
Four bulk annuity deals worth a combined £1bn have been announced this week, further demonstrating the significant amount of activity in the insurance market.
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NewsPot for life could threaten auto-enrolment success, warns ABI
Employer survey shows companies are concerned about the potential negative impact on staff pension outcomes.
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NewsFCA opens dashboard consultation for comment
The Financial Conduct Authority has launched a consultation on regulatory guidance for pension dashboard operators.
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NewsIndustry ‘must do better on sharia investing’, experts say
Many UK pension funds and providers have only a limited understanding of sharia investing and Islamic finance, according to Pensions for Purpose.
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News‘Evolution, not revolution’: TPR’s General Code comes into effect
New requirements around governance processes and risk assessments have come into force as the Pensions Regulator’s General Code goes live.
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NewsBulk annuity update: Full scheme buy-ins for Next, Robertson Research
The latest transactions and data from the busy bulk annuity market, including deals backed by PIC, Just Group and Aviva.
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NewsDWP confirms timeline for dashboard connectivity
The Department for Work and Pensions (DWP) has set out the deadlines for pension schemes and providers to connect to the pension dashboard ecosystem, beginning from next April.
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NewsWPC recommends changes to governance, surplus rules
Policymakers and regulators should rethink the low-risk culture of defined benefit (DB) schemes, according to the Work and Pensions Committee.