All News articles – Page 81
-
NewsEmployer contributions may lag NI LGPS growth, GAD finds
On the go: Tax-backed employers may struggle to maintain their contributions in line with the Northern Ireland Local Government Pension Scheme’s growth, the Government Actuary’s Department has found.
-
NewsGMP conversion bill receives royal assent
On the go: A private members’ bill aimed at clarifying and streamlining the process of guaranteed minimum pensions conversion has received royal assent.
-
NewsGovt rejects call for automatic Pension Wise appointments
The government has ruled out automatically enrolling pension savers into guidance appointments with Pension Wise before they can access their retirement pot.
-
NewsTimms backs members amid ‘slow’ Norton resolution
Stephen Timms, chair of the Work and Pensions Committee, has written to the Pensions Regulator to describe the “frustratingly slow” process facing members of the schemes of which funds were invested in Norton Motorcycles, as well as complaints about communications from the trustee, Dalriada.
-
NewsCapital build-up sees Lloyds make extra £500mn deficit contribution
On the go: Lloyds Banking Group has made £1.3bn in deficit contributions to its three main defined benefit pension schemes.
-
NewsEquities drive fiduciary management performance in 2021
On the go: Fiduciary managers depended on a strong performance by equity markets to drive returns in 2021, helping most to outperform a key benchmark.
-
NewsTPR funding statement flags uncertainty impact for valuations
High levels of uncertainty surrounding inflation, interest rates, mortality, energy prices and economic growth will put additional pressure on trustees completing their tranche 17 valuations this year, according to the Pensions Regulator’s annual funding statement.
-
NewsTPR to issue fresh dashboards guidance in May
The Pensions Regulator will publish new guidance on pensions dashboards to support trustees and scheme managers in early May, it has revealed.
-
NewsUnite campaigners plan pensions clawback protest at HSBC AGM
Members of the Unite trade union will protest outside HSBC’s annual meeting, in the latest chapter of a long-running saga over employees’ pensions.
-
NewsMaster trusts call for AE rate increase with opting down option
Pension specialists are calling for the government to introduce an opting down option when setting the next auto-enrolment minimum rate increase as a way of protecting those on lower earnings.
-
NewsThird of schemes using GMP to improve member options
On the go: One-third of pension schemes are using the guaranteed minimum pensions equalisation process as an opportunity to improve member options, according to new research.
-
NewsCampaigners oppose govt’s planned boycott ban
On the go: A coalition of 46 campaigning organisations has spoken out against anti-boycott legislation due in the next Queen’s Speech, which includes a ban on pension funds from pursuing politically motivating boycotts and divestments.
-
NewsAlmost half of schemes lacking cyber security testing
On the go: Almost half of pension schemes (43 per cent) have not tested the strength of their plan’s IT systems, processes and procedures for cyber crime protection, according to new research.
-
NewsOmbudsman denies Prudential £50k claim after failed sharing order
A former member of the Ryland Group Pension Scheme will not have to reimburse Prudential after the provider botched the administration of his pension sharing order, the Pensions Ombudsman ruled in March.
-
NewsAegon invests £3bn in ESG range, NPT shifts to sustainable strategy
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Aegon investing £3bn of its default funds in ESG, and the National Pension Trust shifting its default arrangement towards a green strategy.
-
NewsContribution notice of £3.6mn hints at ‘new era’ of TPR powers
Legal commentators have hailed what could be the start of a “new era” in the Pensions Regulator’s enforcement powers after its determinations panel handed down a contribution notice for more than £3mn to two individuals connected with the Meghraj Group Pensions Scheme.
-
NewsNFU Mutual leads on transfer times while B&CE lags
On the go: NFU Mutual recorded the leading score on Origo’s Transfer Index for the second quarter of 2022.
-
NewsTreasury aims new climate transition task force at companies
On the go: The Treasury has created a task force to develop a “gold standard” for UK companies’ climate transition plans.
-
NewsInstitute and Faculty of Actuaries issues climate risk alert
On the go: The Institute and Faculty of Actuaries has published a new alert warning of the risk that actuaries may not be appropriately considering or communicating the impact of climate change, and has committed to releasing new guidance in this area.
-
NewsMPs press water scheme over surplus transfer to sponsor
Stephen Timms, chair of the Work and Pensions Committee, has asked the £710mn Water Companies Pension Scheme to explain the transfer of the Bristol Water section’s surplus over to its sponsor.