All articles by Pádraig Floyd – Page 5
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NewsSix providers score gold for financial wellness offerings
Six workplace pension providers have been awarded an overall gold rating in Benefit Guru’s third annual Financial Wellness ratings.
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NewsReport: parliamentarians call for greater accountability of regulators
A group of Conservative MPs, including former ministers and a previous chair of the Competition and Markets Authority, have called for greater parliamentary accountability of the UK’s regulators.
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NewsUCU declares ‘historic victory’ over recovery of ‘stolen pensions’
The University and College Union declared a “historic victory” on April 17 after members voted overwhelmingly by 85 per cent to move forward with pension proposals agreed with employers, leaving the door open for benefits to be restored.
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NewsDB funding remains strong, but transfers remain high risk
The March 2023 PPF 7800 index estimates the aggregate surplus of the 5,131 schemes it covers to have decreased over the month to £359.3bn as of March 31, from a surplus of £381.4bn at the end of February, a fall of almost 6 per cent.
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NewsInflation falls but remains high enough to do damage
The hopes of analysts waiting with bated breath for the latest inflation rates have been dashed, after the headline figure is shown to have remained in double digits at 10.1 per cent, according to the latest data from the Office for National Statistics.
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NewsDisappointment over DB funding code delay
When the Pensions Regulator released its 2023-24 corporate plan last week, it revealed that it had put its long-awaited and much-vaunted defined benefit funding code on the back burner.
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NewsReal estate asset managers set to miss carbon reduction targets
New research shows that almost all commercial real estate assets managed by asset management companies will fail to reach their carbon emissions reduction targets.
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NewsLDI: all in it together, but some responsibilities are regulators’ alone
The Pensions Regulator published new guidance on April 24 that outlined how leveraged liability-driven investment should be used within defined benefit schemes’ investment strategies.
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NewsThree-quarters of UK adults are ignorant of their pension savings
Three in every four people (75 per cent) are ignorant of how much they have saved in their pensions, according to new research by Standard Life.
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NewsReport: UK workers face more than £115,000 retirement income deficit
That people are not saving enough for their retirement is a well established fact. But a new report has put a figure of £115,000 as the deficit those who rely solely on pension contributions will face once they retire.
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NewsNext generation will live beyond their means in retirement
A generation of retirees is unsure about their financial position and needs support to understand it, according to a new study by The Wisdom Council, published on April 4.
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NewsUSS confirms full restoration of benefits on course for April 2024
The Universities Superannuation Scheme has confirmed that restoring benefits cut last year will cost less than employers and staff are currently paying into the pension scheme.
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NewsTPR publishes EDI guidance for scheme trustees and sponsors
The Pensions Regulator has published equality, diversity and inclusion guidance for pension scheme governing bodies and employers.
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NewsBank of England: LDI strategies need 250bp collateral buffer
The Bank of England’s Financial Policy Committee announced on March 29 a recommendation to the Pensions Regulator that it specify “minimum levels of resilience” in relation to pension schemes’ liability-driven investments to avoid damaging feedback loops from being forced sellers of assets.
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NewsDB funding code is full of unintended consequences
The Pensions Regulator’s draft defined benefit funding code has received some praise, yet for many it falls short of providing both stronger governance and greater certainty for schemes and sponsors.
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NewsLCP toughens up its ESG policies
LCP has launched a responsible investment philosophy designed to focus industry attention on concrete action to address systemic risks posed by issues such as climate change and inequality.
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NewsUse dashboards delay to achieve ‘dramatic improvements’ in data
Pensions schemes that apply data matching techniques could see “dramatic improvements in the quality of their member data”, and should use the dashboards programme delay to get their data “dashboard ready”, according to new research sponsored by LCP.
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NewsLiving Pension: Fighting poverty with better retirement saving
The Living Wage Foundation has launched the Living Pension Employer standard, a voluntary programme for employers who wish to address low levels of pension saving among lower paid workers.
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NewsDC members want better access to ESG investment strategies
Demand for environmental, social and governance criteria to be considered in pension scheme investment strategies continues to grow and find a broader base of support.
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NewsBudget 2023: Chancellor’s box of tricks makes LTA disappear
Chancellor Jeremy Hunt has faced calls in recent weeks to relax the rules on certain pension tax allowances to further his campaign to encourage older workers back into the workforce.