All Pensions and Lifetime Savings Association (PLSA) articles – Page 4
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NewsSchemes urged to adopt guide for tackling deforestation
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including new guidance for pension schemes to tackle deforestation, and research showing engagement improved with the Stewardship Code.
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NewsA third of firms paying minimum AE believe this is govt recommendation
One in three employers who offer the minimum auto-enrolment contribution of 3 per cent to their staff are doing so as they believe this is the government “recommendation”, new research has revealed.
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NewsSchemes and asset managers told to buck up stewardship
On the go: Pension schemes and asset managers should embed stewardship “in every aspect of their relationship”, the Investment Association and the Pensions and Lifetime Savings Association have said.
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NewsOpperman: Employers should provide ‘rainy-day fund’ to keep staff
Pensions minister Guy Opperman has argued there is a need for employers to have a savings product offering, in addition to a pensions package, as a means of retaining staff.
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NewsSmall pots group revisits pot-follows-member solution
The small pots working group has come up with three recommendations to consolidate the large number of small defined contribution pension pots in the UK, one of which includes the pot-follows-member solution, which has been touted before.
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NewsABI calls for 12% auto-enrolment minimum contributions by 2031
The Association of British Insurers has called on the government to increase minimum auto-enrolment contributions to 12 per cent by 2031.
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PodcastsPodcast: LGPS faces affordability, engagement and policy challenges
Podcast: The Pensions and Lifetime Savings Association’s 2022 local authority conference unearthed the challenges facing the Local Government Pension Scheme and its employer members, including affordability, engagement and policy reforms. Recorded from the conference floor, Pensions Expert was joined by PLSA’s head of defined benefit, LGPS and investment Tiffany Tsang and West Midlands Pension Fund’s director of pensions Rachel Brothwood to discuss new research into the LGPS and what can be done to help employers.
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NewsLocal government McCloud rules expected in October 2023
On the go: Legislation aimed at removing the age discrimination that formed the basis for the McCloud ruling is expected for the Local Government Pension Scheme in October 2023, the Local Government Association has said.
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NewsEmployers failing to grasp LGPS costs and ‘responsibilities’
Many employers do not understand the value or costs associated with being part of the Local Government Pension Scheme, according to the assistant director of the £28.2bn Greater Manchester Pension Fund.
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NewsGovt redefines fiduciary management in CMA probe reply
The government has excluded transition management from the scope of fiduciary management in its response to the Competition and Markets Authority’s 2018 investigation of the sector.
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NewsTPR predicts improvements in funding levels
Pension schemes with recent valuation dates are expected to achieve improved funding levels, the Pensions Regulator has predicted, while many schemes in deficit should be able to maintain or reduce deficit repair contributions.
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NewsMaster trust retirement outcomes 5% above pre-pandemic levels
On the go: Expected retirement outcomes for defined contribution master trust members now sit 5 per cent above pre-pandemic levels, according to Hymans Robertson.
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NewsGovernment urged to revise at-retirement guidance to help trustees
On the go: Panellists at the Pensions and Lifetime Savings Association’s investment conference have called for a revised framework for at-retirement guidance to allow trustees to give more support to members considering their options.
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NewsEAPF invests in sustainable credit, most schemes plan for net zero
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including investment in sustainable private credit by the £4.3bn Environment Agency Pension Fund, nearly three-quarters of schemes set to have net zero plans, and a pair of ESG guides issued for trustees.
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NewsJust two-thirds of master trusts will deliver ‘moderate’ retiree outcomes
On the go: There is at least a 600 basis point difference in returns between the top and bottom-performing master trust providers due to a wide variety of approaches to default investment strategies, according to research by LCP.
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NewsScheme costs ‘could increase’ under plans to promote illiquids in DC
The Department for Work and Pensions’ plans to promote investment in illiquid assets could end up increasing costs for members and raise the regulatory burden on schemes without improving retirement outcomes, consultants have warned.
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NewsPLSA calls for 12-month dashboards grace period from regulators
On the go: The Pensions and Lifetime Savings Association has appealed for “a degree of latitude” from regulators in the months after the pensions dashboards are introduced.
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NewsSchemes and providers team up to push pensions engagement
On the go: Around 15 pension providers and schemes representing approximately 41.5mn savers and customers have committed to support a campaign to encourage engagement with pensions.
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NewsIndustry anger as new FCF levy goes ahead costing MTs £130mn
The government is to press ahead with an increase to the Fraud Compensation Fund levy, which will see master trusts brunt the majority of the costs paying an extra £130mn over the next nine years, despite their members being the least likely to benefit from it, experts have warned.
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NewsGovernment set to regulate further on ESG
On the go: The government is preparing to regulate in order to achieve consistency on environmental, social and governance standards across the private sector, ministers have told the chair of the All-Party Parliamentary Group for ESG.