All News articles – Page 231
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NewsCarillion collapse sparks calls for better DB rules
The collapse of Carillion and impending transfer of some of its defined benefit members into the Pension Protection Fund has raised questions about the suitability of existing pensions laws.
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Field probes administrator on Palmer & Harvey pension situation
The select committee has written to the administrators of collapsed wholesaler Palmer & Harvey, with a series of questions about the company’s finances and operations, and the position that leaves the pension fund in.
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Chappell found guilty for failing to provide information to regulator
Former BHS owner Dominic Chappell has been convicted of failing to provide information that the Pensions Regulator had asked him to supply as part of its investigation into the sale and subsequent collapse of the retailer.
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Select committee set to publish responses on British Steel transfers
The Work and Pensions Committee is to release responses it has received from the FCA, advisory business Active Wealth and 'introducer' company Celtic Wealth.
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Pension transfer values rise once more
Year-on-year pension transfer values have grown for the third year in a row, according to research by not-for-profit fintech company Origo.
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CIDC schemes divide industry
Collective individual defined contribution schemes may be the only viable form of collective pension scheme in the short run, according to David Blake, director at the Pensions Institute, Cass Business School.
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Two North East councils to establish LGPS shared admin service
South Tyneside Council and Northumberland County Council have been working together to establish a shared administration service for the Local Government Pension Scheme, resulting in savings for both.
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Third wave of strike action called at Fujitsu
IT giant Fujitsu is set to dismiss a union representative who has previously spoken out against changes made to the company's pension provision, sparking a third wave of strike action by employees.
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Four priorities for McVey's DWP
The Department for Work and Pensions got its fifth boss in less than two years on Monday evening, with Theresa May’s Cabinet reshuffle replacing David Gauke with Esther McVey as secretary of state responsible for the department.
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NewsBBC expands trustee board
The BBC pension scheme has changed the structure of its board, appointing two independent members. The scheme is now recruiting a third independent trustee. The changes take the total number of trustees to 11 from previously nine.
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CIDC schemes offer best scheme model, says academic
Collective individual defined contribution schemes may be the only viable form of collective pension scheme in the short run, according to David Blake, director at the Pensions Institute, Cass Business School.
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Boyle re-appointed as non-executive chair of TPR
Mark Boyle has been appointed for another three-year term as non-executive chair of the Pensions Regulator, the Department for Work and Pensions has said.
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NewsProspect members agree to BT pension deal
BT managers represented by union Prospect have voted in favour of a new pensions deal that will boost pay and aim to incentivise members of its defined benefit BT Pension Scheme to join the defined contribution BT Retirement Saving Scheme.
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DB deficits rise by £16bn in December
The latest Pension Protection Fund 7800 Index indicates a jump in the aggregate defined benefit deficit to £103.8bn at the end of December 2017, from a deficit of £87.6bn at the end of November 2017.
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Could flexible pension products help indebted millennials?
News analysis: More than a quarter of London’s millennial population are permanently in debt, it has been revealed. What role does pensions policy play in their financial health, and could more flexible solutions improve their situation?
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McVey succeeds Gauke at DWP
Esther McVey, member of parliament for Tatton, has been appointed as the secretary of state for work and pensions.
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Prospect members vote in favour of new BT pension deal
BT staff represented by union Prospect have agreed to a new pensions deal that will boost pay and aim to incentivise members of its defined benefit BT Pension Scheme to join the defined contribution BT Retirement Saving Scheme.
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Welsh pension pool appoints investment adviser and operator
The Wales Pension Partnership has appointed Russell Investments for investment management and investment advisory services and Link Asset Services as an operator to establish and run a collective investment vehicle.
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NewsShadow pensions minister resigns
Shadow pensions minister Alex Cunningham has resigned from his post.
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PTL launches transaction cost service
Professional trustee company PTL said it has launched a service for asset managers aimed to help their clients assess investment transaction costs.