All News articles – Page 65
-
NewsBMA blasts Sunak role in NHS pensions taxation
The British Medical Association has hit out at Rishi Sunak for changes made during his time as chancellor of the exchequer to the tapered annual allowance of NHS pensions.
-
NewsExperts warn schemes of recession and inflation risks after BoE rate rise
The Bank of England has announced its highest rate hike in 27 years, lifting its base rate by 0.5 per cent to 1.75 per cent in a bid to control rising inflation, with warnings of an imminent recession creating fresh challenges for UK pension schemes.
-
NewsTPR unveils new scam-busting plan amid cost of living crisis
The increase in the cost of living may leave savers more vulnerable to scammers, the Pensions Regulator has warned, as it unveils a new three-year plan to protect individuals from pension scams.
-
NewsOne-third of savers worry about lost pension funds
On the go: One in three pension savers are worried they have built up funds they have lost or forgotten about after changing jobs.
-
NewsNHS pension payments delayed as retirements surge 50%
More than a thousand NHS pensioners have seen their pension payments delayed as the NHS Business Services Authority, which administers NHS pensions, struggles to cope with a spike in retirements and resignations.
-
NewsFalling bond yields drive down July FTSE 350 surplus by £9bn
On the go: The pension funding surplus of the UK’s biggest 350 listed companies fell last month amid choppy markets and falling bond yields.
-
NewsNest invests £200mn in offshore wind farm
On the go: The £24bn National Employment Savings Trust has acquired a stake in an offshore wind farm.
-
NewsLondon Underground strike over pensions set for August 19
On the go: The National Union of Rail, Maritime and Transport Workers has confirmed that its London Underground members will carry out a 24-hour strike on August 19 over a pensions dispute.
-
NewsGender pensions gap is present in every UK industry
On the go: Every industry in the UK has a gender pensions gap, including those dominated by female workers, according to new research. Legal & General also confirmed that women can expect a pension pot that is half the size of men’s pots, regardless of their industry.
-
NewsMcCloud incentives see hundreds of Scottish police retire early
On the go: Incentives introduced as part of the McCloud remedy have led to hundreds of Scottish police officers — many in senior positions — choose to retire early, leading to fears that the force is not sufficiently manned to tackle serious crime.
-
NewsOmbudsman orders employer to rectify incorrect contributions
On the go: The Pensions Ombudsman has ordered an employer to pay contributions into an employee’s Nest pension, more than three years after deductions had been made from his pay.
-
NewsLGPS board presses new ministers on TCFD timetable
On the go: The Scheme Advisory Board of the Local Government Pension Scheme has written to two newly appointed government ministers urging them to commit to a timetable for scheme reform, as fears mount that important consultations could be delayed.
-
NewsFCA proposes long-term asset fund and illiquid investment reforms
The Financial Conduct Authority is set to broaden the distribution of long-term asset funds within the pensions sector to self-select options and will push ahead with plans to lift the 35 per cent illiquid investment cap.
-
NewsLGPS funds back LGA opposition to 90-day dashboard window
Local government pension scheme funds have told Pensions Expert that they support the Local Government Association’s warning to the government over its plans to give schemes just 90 days’ notice before the dashboards go live.
-
NewsDLUHC rules out requirement for LGPS to provide life assurance AVCs
The Department for Levelling Up, Housing and Communities has confirmed there is no regulatory requirement to provide life assurance additional voluntary contributions under the 2013 regulations governing the Local Government Pension Scheme, but said it will consider amending the rules to clarify matters.
-
NewsPASA encourages additional checks for dashboards ‘value data’
On the go: The Pensions Administration Standards Association has issued guidance on ‘value data’ for pension dashboards, advising providers that this “complex” area of the dashboard programme will require additional backend calculations and preparedness.
-
News‘Fundamental duties’ overlooked as claimant misses 12 years of benefits
The Pensions Ombudsman has partially upheld a complaint against the trustee of the Midcounties Co-operative Pension Scheme, criticising the scheme's record keeping, but fell short of awarding the applicant the 12 years’ worth of entitlements he sought.
-
NewsCollective defined contribution schemes launch in Great Britain
On the go: Providers in Great Britain are now able to apply to launch collective defined contribution schemes, a development hailed by pensions minister Guy Opperman for its potential to “transform the UK pensions landscape”.
-
NewsRailpen takes joint majority stake in battery energy storage platform
On the go: The Railways Pension Scheme, which manages more than £37bn in assets, has jointly acquired a majority stake in a battery energy storage company with the C$140.2bn (£90.2bn) Alberta Investment Management Corporation.
-
NewsJaguar and Mercer rapped by ombudsman for ‘woeful’ service
The trustee of the Jaguar Pension Plan, and its administrator Mercer, have been ordered to compensate a member who retired on the basis of incorrect information about his pension.