All News articles – Page 68
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NewsMaster trusts’ new illiquid investment rules to go ahead
On the go: The Department for Work and Pensions has made minor adjustments to proposals governing Nest’s ability to invest in government bonds, while maintaining the majority of its proposals controlling “employer-related investments” for master trusts, under a consultation aimed at channelling defined contribution money into illiquids.
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NewsMPs back tax return solution for self-employed retirement savings
The All-Party Parliamentary Group on Financial Resilience has thrown its weight behind using the tax system to help the self-employed save for retirement.
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NewsNest appoints HarbourVest as second private equity manager
On the go: The £24bn National Employment Savings Trust has appointed HarbourVest Partners to handle its second private equity mandate.
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NewsGovernment backs dashboards bill against ‘rogue trustees’
On the go: Pensions minister Guy Opperman has confirmed the government’s support for a bill designed to stop trustees or managers from using a scheme’s assets to pay fines for breaches of pensions dashboards legislation.
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NewsPair of ‘advisers’ jailed over £20mn pension fraud
On the go: Two “advisers” who convinced hundreds of pension holders to transfer their pots into self-invested personal pensions, and then unknowingly put them into risky investments as part of a £20mn fraud, have been jailed.
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NewsTPR misses four key performance indicators
On the go: The Pensions Regulator achieved 10 of 14 key performance indicators in its year to March 31 2022, and has stated that it is aiming to boost its headcount after staff numbers ended the period below forecast levels.
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NewsOpperman to lead task force on ‘social factors’ in ESG
Pensions minister Guy Opperman has announced the creation of a task force to aid trustees with monitoring data and international reporting developments as they pertain to the “S” in environmental, social and governance considerations.
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NewsMPs call for tax-unregistered NHS pension scheme
MPs have called on the government to revisit legislation that is being blamed for early retirements among NHS workers and financial penalties on health workers.
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NewsMorrisons agrees to sponsor McColl’s schemes
On the go: Wm Morrison Supermarkets group is the new sponsor of McColl’s two defined benefit schemes, in a deal that has secured the benefits of 2,000 members.
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NewsDWP announces £5mn mid-life MOT expansion
On the go: The Department for Work and Pensions has announced a £5mn expansion of the mid-life MOT initiative, but the project is considered to “barely touch the sides” by an industry expert.
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NewsOmbudsman’s anti-scam unit working on 48 cases
On the go: The Pensions Ombudsman’s new anti-scams unit, launched in November, is currently working on 48 cases with assets of more than £40mn under consideration.
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NewsPPF fulfils strategic priorities and may lower the levy
On the go: The Pension Protection Fund has handed out £1.1bn in member payments in the past year, having successfully met its five strategic priorities — and it may now be in a position to consider bringing down the PPF levy as part of a focus shift towards financial resilience.
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NewsProspective ombudsman to be ‘evolutionary’, not ‘revolutionary’
On the go: Prospective Pensions Ombudsman Dominic Harris has said he would look to improve customer satisfaction and the backlog that the ombudsman is currently facing, if appointed to the position.
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NewsDWP delays first dashboards staging dates by two months
The government has delayed its timetable for connecting the first two cohorts of pension schemes to the dashboards programme.
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NewsPodcast: Providers delaying transfers are failing their customers
Podcast: The Department for Work and Pensions has been clear about the intent of regulations governing transfers, and providers continuing to delay them are doing their members a disservice, argues PensionBee founder Romi Savova. She is joined by Penfold co-founder Pete Hykin to discuss the ongoing transfer fight, the fallout from pensions minister Guy Opperman’s resignation that wasn’t, and employers misunderstanding auto-enrolment.
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NewsBorder to Coast completes private markets investment
On the go: The £36bn Border to Coast Pensions Partnership has announced it has completed the final £1.5bn of investment within its first private market offering since its launch in 2019.
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NewsEDS scheme secures £1.1bn full buy-in
On the go: The £1.5bn EDS 1994 Pension Scheme has secured a £1.1bn full buy-in with Pension Insurance Corporation.
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NewsNew British Steel scheme appoints investment manager
On the go: The new £9.9bn British Steel Pension Scheme has agreed in principle to appoint Legal & General Investment Management to handle its scheme assets in full.
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NewsWhitbread Group scheme secures £680mn buy-in
On the go: The £3bn Whitbread Group Pension Fund has secured a £680mn buy-in with Standard Life.