All News articles – Page 36
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NewsMaster trusts: TCFD reports 'almost impossible' to compare
Taskforce for Climate-related Financial Disclosures (TCFD) reports need to be beefed up and made more relevant, a report by the Defined Contribution Investment Forum has found.
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NewsUK economy: Inflation comes in below 8 per cent in June
The cost of living rose by a better-than-expected 7.9 per cent last month; it had been predicted to fall to 8.2 per cent after rising to 8.7 per cent in May.
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NewsFears for pension savers as tax-free cash is gobbled up by debt
Paying for home renovations is the most popular use of the 25 per cent tax-free pension lump sum with 15 per cent using it to pay down a mortgage, credit card, and or loans.
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NewsL&G completes £1.8bn buy-in of United Utilities schemes
Legal & General has completed buy-in with the trustees of two pension schemes sponsored by United Utilities, in a deal that covers around two thirds of their liabilities.
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NewsLGPS: Two schemes commit to Cheyne Capital's impact real estate strategy
The Greater Manchester Pension Fund and South Yorkshire Pensions Authority have joined the London Borough of Newham as the latest Local Government Pension Schemes (LGPS) to sign up to Cheyne Capital’s Impact Real Estate strategy.
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NewsSmart Pension buys Evolve Pensions for undisclosed sum
Smart Pension has acquired Evolve Pensions, owner of £750m Crystal master trust.
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NewsHammerson completes £90m BPA deal with Just
The £90m bulk purchase annuity transaction between Just and the Hammerson Group Management Limited Pension and Life Assurance Scheme was advised by LCP.
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NewsTPR reports rise in interventions
The Pensions Regulator (TPR) said it had intervened in 22 per cent of schemes, an increase on last year’s 16 per cent.
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NewsRolls Royce TDF partners with BlackRock
BlackRock announced it had partnered with the Rolls-Royce target date fund (TDF), with an investment plan designed especially for its 34,000 members.
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NewsPPF reserves rise by £400m
The Pension Protection Fund (PPF) increased its funding ratio to 156 per cent and reserves to £12bn during the year financial year ending 31 March 2023.
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NewsUK economy: GDP falls 0.1 per cent
The UK economy dipped in May, according to the Office for National Statistics.
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NewsMansion House reforms: Pension innovation, reformation or mess?
As the pensions industry digests the impact of Chancellor Jeremy Hunt's announcements in his Mansion House Speech, there are already concerns being voiced over the speed and scope of the proposed and planned changes.
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NewsPension investment: What does private equity look like?
As pension funds gear up to place more of their assets in private equity, we look at what areas of PE are predicted to provide returns for savers.
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NewsTPR's Delfas supports Mansion House reforms
Nausicaa Delfas, chief executive of The Pensions Regulator’s said the watchdog welcomed the government’s new package of pensions measures announced by the Chancellor Jeremy Hunt this week.
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NewsCDC legislation is 'on the way'
The pensions industry has welcomed government plans to legislate for collective defined contribution schemes (CDCs).
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NewsMansion House reforms: Trustee capabilities come under scrutiny as consultation period opens
The ability of pension trustees to fulfil their legal obligations is being reviewed and follows pension reforms outlined by the Chancellor earlier this week.
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NewsSmall pots consultation: 'Pot for life' approach seen as long-term solution
The Department for Work and Pensions (DWP) has launched an eight-week consultation after a call for evidence which flagged up a multiple consolidator approach as a possible solution to the issue of deferred small pots.
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NewsDB pension superfund regime gets go ahead
In his Mansion House speech Chancellor Jeremy Hunt said the UK's defined benefit pensions landscape was too fragmented and the government would be pushing forward with plans to create a superfund regulatory regime.
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NewsDB schemes: PPF 7800 Index records highest ever surplus
The aggregate surplus of the 5,131 schemes in the PPF 7800 Index is estimated to have increased over the month to £437bin at the end of June 2023, from a surplus of £430.9bn at the end of May 2023.