All News articles – Page 224
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NewsSelf-employed do not trust pensions, experts say
Self-employed workers lack confidence in pensions partly because of questions over their affordability, according to experts.
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Industry welcomes FCA transfer advice rules
The Financial Conduct Authority has published new rules on pension transfer advice following its research that showed a high proportion of advice was not suitable. It is also seeking views on contingent charging among others. The industry has welcomed the additional clarity provided in this area.
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NewsSchemes told to be active owners to ensure long-term returns
Pension funds are becoming more active in exercising ownership to improve governance of investee companies, but there is still scope for investors to further integrate environmental, social and governance factors, a panel of experts from across Europe has said.
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Can schemes still justify active management?
The average active fund manager cannot outperform their benchmark net of fees, and according to the Competition and Markets Authority, the average investment consultant cannot reliably identify those managers who do. Can an average trustee board reasonably keep the faith in active management?
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Do savers really want access to CDC schemes?
Collective defined contribution looks closer than ever to becoming a reality, but some experts still doubt whether those planning for their retirement even want the product.
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The Pension SuperFund: Benevolent disruptor or danger to members?
If assembling a star-studded team of executives is enough to get a radical new pensions proposition off the ground, Edi Truell might already have done enough to disrupt the UK defined benefit sector.
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PwC probed on Carillion fees and conflicts
MPs have grilled PwC partners on fees and the safeguards the accountancy firm put in place to prevent conflicts of interest arising from its various roles regarding collapsed contractor Carillion.
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BT agrees to replace DB with ‘hybrid' scheme
BT has announced the closure of its defined benefit scheme and has agreed to develop a ‘hybrid’ solution with the Communication Workers Union.
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UK sees launch of first superfund
The UK is seeing the launch of its first so-called superfund, designed to consolidate defined benefit schemes, with an initial £500m of capital subject to transaction approvals.
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Government lowers mastertrust authorisation fees
The government has announced that proposed fees for mastertrust schemes seeking authorisation have been revised downwards.
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TPR and FCA seek input for joint strategy
The Pensions Regulator and the Financial Conduct Authority are jointly calling for input on regulating the pensions and retirement sector.
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NewsFines for DB negligence leave industry split
Employers who wilfully or recklessly put their defined benefit pension schemes at risk are in the firing line of new punitive fines announced in a government policy statement released on Monday.
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DB white paper promises tougher fines and consolidation drive
Employers who wilfully or recklessly put their defined benefit pension schemes at risk are in the firing line of new punitive fines announced in a government policy statement released on Monday.
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BT sweetens DB closure with promise of 'hybrid' scheme
BT has announced the closure of its defined benefit scheme and agreed to work with the Communication Workers Union over a forthcoming ‘hybrid’ solution.
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Govt says it has learnt from BSPS saga
Lessons "can and will be" learnt from the British Steel Pension Scheme events, the government has said, but stands by the outcome involving a regulated apportionment arrangement and new pension scheme.
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United Utilities faces two-day strike over pensions
About 1,500 United Utilities employees are expected to walk out on Friday and Monday because of the company's plans to change the final salary scheme to a hybrid arrangement.
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Women push for equal pay settlement to be made pensionable
Former and current female employees of Glasgow City Council are pushing for pensions to be included as part of an equal pay settlement, as parties opt for negotiation over litigation.
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Hammersmith & Fulham weighs up fossil fuel divestment
The £1bn London Borough of Hammersmith & Fulham Superannuation Fund is discussing whether to lower its fossil fuel exposure as part of its next investment strategy review.
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NewsReuters steps up member comms during sponsor M&A
Trustees of the defined benefit schemes of Thomson Reuters have been updating members about the agreed sale of part of the business, as experts stress the fine line between saying too much or too little about a deal.
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Govt 'tempted' by latest Royal Mail CDC proposals
The Department for Work and Pensions is “tempted” to lay regulations facilitating the creation of collective defined contribution schemes, following a recent breakthrough by the team drafting proposals on behalf of Royal Mail.