All News articles – Page 40
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Asset managers fall short of claims about climate and biodiversity
The world’s largest asset managers are failing to use their influence to influence the dual crisis of biodiversity loss and climate change, according to new research from lobbyist ShareAction.
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Isio seals Deloitte UK pensions business deal
Isio Group has completed its acquisition of Deloitte Total Reward and Benefits, the UK pensions advisory business of Deloitte LLP, following FCA approval.
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Annuities: Sales surge as consumers trade flexibility for security
Sales of annuities have grown by more than a fifth (22%) during the first three months of 2023 according to data from the Association of British Insurers (ABI).
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TUC: Act now or women will be condemned to retirement poverty
Women are more than twice as likely as men to miss out on being automatically enrolled into a workplace pension scheme, according to new analysis published by the TUC.
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Think big: Think tank suggests creation of regional superfunds
The Tony Blair Institute has has suggested that thousands of public and private sector pension plans should be pooled into a series of regional ‘superfunds’ with assets of up to £500 billion, as part of an “extremely radical” proposal to free billions of pounds of investment capital to boost the growth of UK businesses.
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Trust is the greatest obstacle to bridging the advice gap
Trust remains one of the biggest obstacles against bridging the advice gap, according to new data from specialist marketing and communications agency, Lang Cat Financial.
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DWP announcement on dashboard programme is imminent
A Department for Work and Pensions (DWP) announcement on the next stage of the delayed pension dashboards programme is expected within days.
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TPR at the root of high levels of industry dissatisfaction over policy direction
More than six in ten (61%) of pension industry respondents are unhappy with the direction of pensions policy over the past six months, according to the latest Pensions Management Institute (PMI) Pulse Survey. That’s an increase of almost 40% (38.6%) compared with last year’s survey.
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ACA chair balks at funding code for open schemes while backing CDC
Concerns about the new funding code forcing “unnecessarily cautious” funding approaches upon open defined benefit (DB) schemes were raised at the All Party Parliamentary Group’s annual pensions lunch earlier this week.
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FCA urges young to view saving like finding a long term partner
Young adults are increasingly using both online dating and investment platforms and the Financial Conduct Authority (FCA) is urging young people to apply the same principles to investing as they do to finding a long term partner.
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Pension industry unites to put an end to inequity
A group of more than 20 businesses have formed the Pensions Equity Group (PEG), a new industry coalition to tackle pension equalities in the UK.
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Delays are not the only problem with existing pension scam rules
Despite the uncertain economic environment, criminals are making hay, with 40% of all UK crime being attributed to fraud.
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Derisking well funded DB schemes may be an opportunity missed
Employers should adopt a more ambitious approach to managing well-funded defined benefit (DB) schemes and see them as an opportunity, according to pensions experts.
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TPR's new CEO unapologetic for demanding high standards
The Pensions Regulator has called for greater industry collaboration while firing a warning shot across the bows of schemes and trustee boards that don’t meet the regulator’s standards.
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Labour backs £50 billion DC incubator 'growth fund' concept
Shadow chancellor Rachel Reeves has backed a proposed £50 billion ‘future growth fund’ and suggested that she might be prepared to force pension funds to make investments in fast-growing UK companies.
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AMNT says schemes and regulators must do more to support MNTs
Ever since the Robert Maxwell scandal of the early 1990s, member nominated trustees (MNTs) have been a tenet of scheme governance. Yet, they have often come in for criticism.
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How do sponsor's net zero commitments affect the employer covenant?
LCP is calling on trustees to get a better handle off the net zero ambitions, efforts and achievements, as they may all have a bearing on the sponsor’s ability to support the defined benefit (DB) scheme.
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Half of freelance workers not saving for their retirement
Almost half (45%) of freelance and other self-employed workers do not save into a pension, according to new research.