All News articles – Page 60
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NewsRising gilt yields push PPF 7800 index aggregate surplus up 23%
On the go: The aggregate surplus of defined benefit pension schemes eligible for entry into the Pension Protection Fund leapt by almost a quarter in August, fuelled by increasing gilt yields and declining liabilities.
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NewsUK retirement security declines for fifth successive year
On the go: Falls in the UK’s quality of life, financial health and wellbeing have driven the nation’s retirement security ranking down to 19th in Natixis Investment Managers’ global retirement index, representing its fifth successive decline.
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NewsBAE Systems Pension Scheme reaches full funding
On the go: The BAE Systems Pension Scheme is fully funded following its latest actuarial valuation, according to a July update.
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NewsAten Global fined by ombudsman for employee pension distress
On the go: Renewable energy business Aten Global has been fined £1,000 by the Pensions Ombudsman and ordered to pay missing pension contributions to an employee.
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NewsDerbyshire among funds at risk in £138mn solar farm scandal
The Derbyshire Pension Fund is among a number of public sector institutions with members’ money invested in a scandal-hit council investment project that has seen £138mn in public money go missing.
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NewsOpperman: 12mn people are under-saving for retirement
Pensions minister Guy Opperman has told MPs that around 12mn people are under-saving for their retirement, accounting for 38 per cent of the nation’s working age population.
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NewsLGA calls for mandatory national insurance data in dashboards
The Local Government Association has argued that making national insurance numbers optional data will lead to a “poor experience” for pensions dashboards users, and has called for the government to make it a mandatory feature.
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NewsPASA guidance tackles ‘concerns’ over administration transfers
On the go: The Pensions Administration Standards Association has released guidance to tackle “increasing” concerns about the transfer of administration services, citing delays, unreasonable charges and deteriorating performance during the notice period.
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NewsNine new pension funds sign up to UK Stewardship Code
On the go: HSBC Bank (UK) Pension Scheme, Royal Mail Pension Plan, and the NatWest Group Pension Fund are among the nine new pension schemes that have successfully signed up to the UK Stewardship Code.
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NewsRise of DC poses risks and challenges for future pensioners
Increasing reliance on defined contribution savings means the requirements of future pensioners will be markedly different from those of previous generations, placing a greater emphasis on the need for communication and support, as well as on the role of annuities, a report from the Pensions Policy Institute has revealed.
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NewsGrime artist Big Zuu encourages pension talk
On the go: Grime artist and TV cook Big Zuu has produced a song and accompanying video calling on people to ‘Pay your pension some attention’, as part of a wider campaign.
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NewsInsurers publish first bulk annuity ‘best practice’ guide
On the go: UK insurers have collaborated to produce the industry’s first-ever “best practice” guide for schemes preparing for bulk annuity quotations, laying out principles by which trustees, advisers and administrators should abide.
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NewsNest Insight emergency savings trial shows ‘very encouraging’ results
On the go: A trial of an opt-out emergency savings scheme has seen “very encouraging” early findings, boasting a 53 per cent participation rate, according to Nest Insight.
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NewsTPR’s criminal powers ‘pose risks’ to universities
The Pensions Regulator’s new criminal powers could potentially pose risks to university sponsors of defined benefit schemes, especially in light of reforms at the Universities Superannuation Scheme, legal experts have said.
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NewsChloe Smith appointed work and pensions secretary
On the go: Norwich North MP Chloe Smith has been named secretary of state for work and pensions amid Liz Truss’s cabinet reshuffle.
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NewsCentrica schemes appoint Redington to oversee new investment model
On the go: The Centrica UK defined benefit pension schemes, comprising the Centrica Pension Scheme, the Centrica Engineers Pension Scheme and the Centrica Pension Plan, have selected Redington as strategic investment consultant.
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NewsBarloworld UK scheme secures £484mn full buy-in
On the go: The Barloworld UK Pension Scheme has agreed to a £484mn full scheme buy-in with Just Group.
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NewsCarr’s Group Pension Scheme eyes full buyout
On the go: The £75.6mn Carr’s Group Pension Scheme may secure a full buyout after its sponsor announced an agreement to sell its interest in a subsidiary.
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NewsKesslers Group scheme agrees £21mn full buy-in
On the go: The Kesslers Group Pension Plan has agreed a £21mn full scheme buy-in with Legal & General.
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NewsLabour would scrap pensions tax cap to boost NHS staff
On the go: Labour’s shadow Health and Social Care secretary, Wes Streeting, has pledged to do away with the cap above which NHS workers incur additional tax burdens, in a bid to dissuade experienced staff from retiring.