All News articles – Page 54
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NewsWhat does High Court ruling mean for the BBC and other DB pension schemes?
The High Court has quashed an attempt by the BBC to limit the costs of its future DB obligations. Pensions Expert looks at what the ruling means.
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NewsPensions: How trustees can take pride in a diverse industry
As The Pensions Regulator’s home city gears up for the UK’s biggest LGBTQ festival, its director of regulatory policy, analysis and advice, explains how trustees can take immediate action to help ensure workplace pensions work for all savers.
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NewsTPR: Upper Tribunal upholds £1.87m Meghraj pension ruling
Following the Upper Tribunal's decision, Anant Shah, the former owner of the scheme’s employer, will be required to pay £1,875,403 into the Meghraj Group Pension Scheme.
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NewsConsumer duty: Stricter regulation needed for members caught up in record insurance buyout activity
The introduction of the Financial Conduct Authority (FCA)’s new consumer duty will be particularly welcome to trustees of defined benefit (DB) pension schemes who are entering into bulk annuity insurance transactions.
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NewsConsumer duty: FCA's overhaul will force financial services companies to 'up their game'
The Financial Conduct Authority (FCA) has introduced new rules which aim to crack down on poor customer service, offer better value for money and protect vulnerable customers.
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NewsK3, Just and Cartwright complete £7m buy-in with undisclosed food manufacturer
K3 Advisory, an independent bulk annuity and consolidator advisory business, and actuary and consultant Cartwright, have announced the successful completion of a £7m buy-in for the pension scheme of a company in the food manufacturing sector.
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Standard Life completes £1.2bn buy-in with Mitchells & Butlers pension plan
Standard Life has completed a £1.2bn bulk purchase annuity transaction covering the 20,200-member strong Mitchells & Butlers pension plan.
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NewsPensions industry: Week in brief
LGPS staff are concerned about resources, according to an PLSA survey: while Broadstone predicts a bumper second half of the year for buyouts: questions over the FCA's consumer duty and a £200m property deal between SLIP and PIC, here's the news you may have missed this week.
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NewsCanada Life completes first ever deferred member buy-in
An undisclosed pension scheme has insured the remaining benefits of its defined benefit pension scheme with Canada Life in a transaction worth £58m, following a competitive tender process run by Hymans Robertson.
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NewsUSS: Private market allocation helps it shrug off rising inflation and market volatility
Universities Superannuation Scheme (USS), one of the last defined benefit schemes open to new members, said market volatility, rising inflation and the war in Ukraine had made investment challenging in the year ending 31 March 2023.
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NewsDelays cause consumers to wait 'far too long' for pension transfers
Consumers are waiting on average almost one month (29 days) for companies to transfer their pension funds to a new provider, according to new data released this morning by retirement adviser My Pension Expert.
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NewsPensions Management Institute elects new president
The Pensions Management Institute (PMI) has elected Robert Wakefield as president following it 47th Annual General Meeting (AGM).
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NewsMaPS forced into about turn on revision of pensions guide
The Money and Pension Service (MaPS) has revised a key pensions guidance document over concerns it could lead to non-UK residents facing an unexpected tax bill.
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NewsCan pension funds afford to invest in private equity?
In his Mansion House speech Chancellor Jeremy Hunt unveiled proposals to allocate at least five per cent of defined contribution default funds to unlisted companies by 2030, but are pension schemes ready to absorb the price of private equity.
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NewsCan a specialist service help endgame schemes manage illiquid assets?
The move has been prompted by an improvement in pension scheme funding levels among over the past twelve months, and presenting the option for risk transfer sooner than previously anticipated.
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NewsWhy auto enrolment only guarantees the most basic of retirement incomes
Even those who save the minimum amount into their pension for over 40 years will not have enough to secure the Pension and Lifetime Savings Association's (PLSA) retirement living standards ‘minimum’, ‘moderate’ or ‘comfortable’ retirement as a single pensioner.
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NewsPensions specialist gives up to £2,000 ‘cost of living’ support payment to all staff
Cartwright, an independent privately-owned pension actuarial, investment consulting, consultancy and administration firm has given all staff a one-off payment to help with the increasing cost of living.
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NewsACA: HMRC must give greater clarity to avoid "pensions limbo" for DB schemes and members
The pensions industry requires greater clarity from government departments, if defined benefit (DB) schemes and members are not to find themselves in a “tax limbo”, warned the Association of Consulting Actuaries (ACA) this morning.