All News articles – Page 35
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NewsDashboards latest: Trafalgar House warns of admin ‘tech debt’
Trustees should challenge administrators to show that they have up-to-date technology and security systems to cope with current and future challenges, according to Trafalgar House.
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NewsFast buy-ins risk increasing wind-up costs, Hymans warns
Defined benefit (DB) schemes are accelerating to buy-in transactions but leaving “glaring gaps” in preparation for full scheme wind-up, according to Hymans Robertson.
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NewsAon survey raises concerns over workplace DC adequacy
Employers are prioritising aligning their pension provision with competitors above ensuring good outcomes for members, according to research by Aon.
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NewsRailpen tackles payment errors with system review
Railpen is undertaking a review of its benefits system after it discovered errors in members’ pension payments.
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NewsL&G insures Essity pension scheme for £1.1bn
Legal & General (L&G) has finalised a £1.1bn buy-in with the SCA UK Pension Plan, securing the benefits of 9,500 members.
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NewsMarket for large bulk annuity deals slowed in H1, data shows
The bulk annuity market saw fewer large transactions in the first half of 2024 than expected, according to data from XPS Group.
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NewsLGPS urged to deploy record £45bn funding surplus
The Local Government Pension Scheme ended the first half of 2024 with a record £45bn funding surplus, according to Isio.
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NewsPhoenix, Schroders team up to launch DC-focused asset manager
Schroders and Phoenix Group have joined forces to launch Future Growth Capital, an asset management company dedicated to investing in line with the Mansion House Compact.
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NewsBulk annuity latest: Greggs completes £100m buy-in with Aviva
High street bakery chain Greggs has secured its defined benefit (DB) scheme with Aviva in a £100m buy-in deal.
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NewsCalls for government action after Virgin case ruling
Industry groups have called for government intervention in the wake of the Virgin Media-NTL case, which has cast significant uncertainty over the defined benefit (DB) sector.
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NewsTPR promises to be ‘reasonable’ over funding code
The new Defined Benefit (DB) Funding Code has been laid before parliament, paving the way for the long-awaited revised regulatory framework for DB schemes to come into force.
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NewsTPR clarifies capital release rules for superfunds
The Pensions Regulator (TPR) has set out its requirements for superfunds that wish to release capital to investors as part of their commercial business model.
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NewsITV strikes deal with TPR to end Box Clever saga
Nearly 3,000 former Box Clever employees will receive their pension benefits in full after the regulator struck a deal with ITV. Pensions Expert looks back on a 13-year saga.
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NewsVirgin-NTL case ruling poses ‘major issues’ for DB schemes
Lawyers and actuaries have called for the government to intervene after a court ruled that scheme rule amendments could be void if they are missing an actuarial sign-off.
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NewsThe cost of poor pension transfer decisions
Poor decisions and switching to high-cost pensions could cost savers £1.2bn a year, according to new analysis.
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NewsBritish Steel redress hit by falling annuity prices
Redress paid to victims of the British Steel pension scandal has reached £106m, according to the Financial Conduct Authority (FCA).
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NewsPrivate markets drag on TfL scheme performance
Private markets investments contributed to significant underperformance from the Transport for London (TfL) Pension Fund in the 12 months to the end of March, according to the scheme’s latest annual report.
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News‘Sleepwalking into a crisis’: Savers fear unaffordable retirement
Nearly 40% of people face being unable to fund a minimum retirement lifestyle, according to Scottish Widows.
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NewsDWP failing to fix state pension errors, says LCP’s Webb
Nearly 200,000 parents are missing part of their National Insurance record – and the Department for Work and Pensions (DWP) is moving at “a snail’s pace” to fix it.
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News‘Challenging balance to strike’: Industry reacts to Pensions Review
The pensions sector has extended a cautious welcome to the government’s wide-ranging Pensions Review after the chancellor, Rachel Reeves, unveiled the plans over the weekend.