All News articles – Page 97
-
NewsFree tool launched to help pension transfer clients identify scams
On the go: Help & Advice has introduced a scam predictor to allow those considering a pension transfer to check whether they are at risk of being scammed.
-
NewsRailways scheme urges patience as it reviews early retirement
On the go: The Railways Pension Scheme is reviewing its early retirement factors and is advising members considering taking early retirement that they should wait until the review is completed before making their decision.
-
NewsBT awards $1bn private equity mandate to Hermes
On the go: The £57.5bn BT Pension Scheme has awarded a $1bn (£801.4mn) private equity mandate to Hermes GPE, further building on two previous private equity investments with the manager.
-
NewsPerceptions of TPR’s performance quality deteriorate in 2021
The perception of the Pensions Regulator’s performance quality diminished last year, according to the watchdog’s ‘Perceptions of TPR’ report
-
NewsPLSA’s retirement living standards now cover 35mn members
On the go: Pension scheme communications from more than 100 organisations now provide up to 35mn members with access to the Pensions and Lifetime Savings Association’s retirement living standards, the industry body has announced.
-
NewsJames Walker scheme agrees full £43mn buy-in
On the go: The James Walker (Leith) Limited Retirement Benefit Scheme has agreed a full £43mn buy-in with Just Group.
-
NewsPASA bolsters cyber attack admin checklist amid crime surge
The Pensions Administration Standards Association has published a new cyber crime checklist, advising administrators to keep up to speed with legislation and assess their vulnerabilities to cyber attacks amid a spike in online criminal activity.
-
NewsHymans Robertson calls for AE credits to tackle gender gap
Hymans Robertson has called for the creation of auto-enrolment credits in a bid to tackle the gender pensions gap, which would see the government paying pension contributions for people taking career breaks.
-
NewsNHS sends almost 3,000 erroneous pension statements
’Nearly 3,000 members of the NHS Pension Scheme have been sent erroneous pension statements, leading to criticism from the British Medical Association.
-
NewsOmbudsman fines Cabinet Office and civil service scheme admin
The Pensions Ombudsman has partly upheld a complaint against the Cabinet Office and MyCSP, the administrator of the Civil Service Pension Scheme, after they failed to properly process a member’s request to cease payments to his “added years contract”.
-
NewsPensions sector warned as business data breaches almost triple
On the go: Pension trustees have been urged to be vigilant after businesses experienced an increase in cyber attacks and data breaches over the past year, as cyber criminals upped their game during the shift towards homeworking.
-
NewsGovernment issues call for evidence on climate investment
On the go: The UK government is exploring ways to increase the mobilisation of public and private investment to achieve 2030 climate and nature targets in emerging and developing economies, having launched a call for evidence on May 12.
-
NewsBT slashes pensions deficit by £4bn in one year
On the go: BT has cut its defined benefit pensions deficit by £4bn in the year to March 31 2022, a fall partly attributed to a higher discount rate due to increased yields.
-
NewsLess than half of savers care about pension charges
On the go: Mortgage and bank account charges draw the attention of a higher proportion of savers than pension costs, according to new research.
-
NewsHolding asset managers’ feet to the fire on ESG: Engage or swap out?
Swapping out fund managers can be a laborious process, but some pension funds are willing to consider it if asset managers will not step up to the mark on environmental, social and governance factors.
-
NewsWPC seeks auto-enrolment input from employers and trade unions
On the go: The Work and Pensions Committee has issued a second call for evidence on how employers and trade unions should protect savers and plan for their retirement as part of its inquiry on “saving for later life”.
-
NewsTrans-European Port Services scheme agrees £4.4mn buy-in
On the go: The Trans-European Port Services Limited 1974 Pension Scheme has completed a £4.4mn full-scheme buy-in with Legal & General Assurance Society.
-
NewsPublic scheme bulk transfers resume after McCloud
On the go: Bulk transfers between public service pension schemes have recommenced in England, Scotland and Wales, after they were put on hold due to uncertainty over the impact of the McCloud judgment.
-
NewsTimms demands changes to GMP factsheet after public’s criticism
Work and Pensions Committee chair Stephen Timms has written to the Department for Work and Pensions demanding that it update and properly publicise its “insufficient” factsheet on guaranteed minimum pensions compensation.
-
NewsMNT resigns as BBC looks to High Court to change member benefits
The BBC will ask the High Court if it can make changes to its defined benefit pension scheme as part of a review of its ability to potentially close the scheme to future accrual, which has sparked the resignation of one member-nominated trustee.