All News articles – Page 41
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NewsTreasury to bear risk of unfunded legacy public sector schemes
Members of the reformed public sector pension schemes will no longer bear the costs of legacy schemes under the government’s solution to its 2015 public sector pensions changes, the Treasury has confirmed.
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NewsGAD analysis identifies LGPS pay and pension gender gaps
Female members of the Local Government Pension Scheme (LGPS) for England and Wales suffer considerable gender pay and pensions gaps, according to a new report from the Government Actuary’s Department (GAD).
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NewsLord Mayor: DC funds hold UK's future growth in their hands
Defined contribution (DC) pension funds offer the key to turbocharging the growth of the UK’s fintech sector, according to Nicholas Lyons, Lord Mayor of London, speaking at DG Publishing’s DC Strategic Summit on Monday 15 May.
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NewsBeware of the elephant - it’s now in the room
The Pension Regulator’s Louise Davey sets out the need for trustees to up their game on ESG issues
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NewsBroadstone announces new scheme buyout preparation service
The employee benefits and actuarial consultancy Broadstone has announced that it is launching a specialist admin service to help schemes prepare for buyout.
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NewsQuietroom launches service to get companies consumer duty ready
Communications consultancy Quietroom has announced the launch of a new audit service to help Financial Conduct Authority (FCA) regulated businesses get up to speed with the FCA’s new consumer duty requirements.
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NewsPensions Expert will go on (under new ownership)
Pensions Expert has been acquired by DG Publishing, a specialist provider of pensions information and events.
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NewsDC funds adoption of ESG investments accelerates
How defined contribution (DC) schemes invest has been a topic of much debate with various government consultations threatening change and offering opportunity in equal measure. The master trust sector clearly wishes to be seen to be driving forward the debate, aiming to set the investment agenda and also offer more sophisticated investments to members.
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NewsSix providers score gold for financial wellness offerings
Six workplace pension providers have been awarded an overall gold rating in Benefit Guru’s third annual Financial Wellness ratings.
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NewsReport: parliamentarians call for greater accountability of regulators
A group of Conservative MPs, including former ministers and a previous chair of the Competition and Markets Authority, have called for greater parliamentary accountability of the UK’s regulators.
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NewsFCA agrees £235mn payout with Link after Woodford probe
Investors in the Woodford Equity Income Fund are to receive redress nearly four years after the fund’s suspension.
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NewsMore than a third opt out of NHS Pension Scheme
The cost of living crisis has forced more than 50,000 people to leave the NHS Pension Scheme this tax year due to affordability, new data from Quilter has found.
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NewsLabour could ‘review and restructure’ LTA
A change in parliament could be reflected in the lifetime allowance, according to Rosalind Connor, managing partner at ARC Pensions Law.
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NewsIFS launches review of pensions system in new report
The Institute for Fiscal Studies has launched a wide-ranging review of the pensions system, looking at whether people are saving enough and if more support is needed for people to use their funds appropriately.
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NewsUCU declares ‘historic victory’ over recovery of ‘stolen pensions’
The University and College Union declared a “historic victory” on April 17 after members voted overwhelmingly by 85 per cent to move forward with pension proposals agreed with employers, leaving the door open for benefits to be restored.
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NewsDB funding remains strong, but transfers remain high risk
The March 2023 PPF 7800 index estimates the aggregate surplus of the 5,131 schemes it covers to have decreased over the month to £359.3bn as of March 31, from a surplus of £381.4bn at the end of February, a fall of almost 6 per cent.
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NewsInflation falls but remains high enough to do damage
The hopes of analysts waiting with bated breath for the latest inflation rates have been dashed, after the headline figure is shown to have remained in double digits at 10.1 per cent, according to the latest data from the Office for National Statistics.
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NewsDisappointment over DB funding code delay
When the Pensions Regulator released its 2023-24 corporate plan last week, it revealed that it had put its long-awaited and much-vaunted defined benefit funding code on the back burner.
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NewsTPR authorises first CDC pension scheme
The Pensions Regulator has authorised the UK’s first collective defined contribution pension scheme.
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NewsReal estate asset managers set to miss carbon reduction targets
New research shows that almost all commercial real estate assets managed by asset management companies will fail to reach their carbon emissions reduction targets.