All articles by Rolhat Zen-Aloush
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NewsPension transfers initiative to launch accreditation system
On the go: The pension transfers initiative ‘Star’ will be launching an accreditation system, with providers receiving a gold, silver or bronze ranking according to their performance.
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NewsIndustry body launches new ESG guide for trustees
On the go: The Society of Pension Professionals has launched an environmental, social and governance guide for pension trustees, aimed at schemes that do not have size and resources to effectively manage its integration.
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NewsPension Awareness Day: Savers still in the dark amid Covid-19 downfall
A roundup of the news marking the 2021 Pension Awareness Day, with £5.3bn lost from over-fifties pension pots during the pandemic, retirement security in the UK declining for the fourth consecutive year, and a new guide launched to help employers and schemes to support members’ financial wellbeing.
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NewsDB schemes’ surplus increases £20.8bn in August
On the go: The aggregate surplus of the 5,318 defined benefit schemes in the Pension Protection Fund 7800 index increased by £20.8bn in August.
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NewsNumber of workers delaying retirement due to Covid-19 rises
On the go: The number of workers making changes to their retirement plans due to the impact of Covid-19 has increased by more than a quarter to 29 per cent, research from Fidelity International has shown.
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NewsNational Pension Tracing Day set to launch with industry backing
On the go: Punter Southall Aspire is launching the UK’s first National Pension Tracing Day on October 31 when the clocks go back, and is urging people to use their extra hour to trace lost pensions.
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NewsPMI launches new diploma for pension professionals
On the go: The Pensions Management Institute is launching a new diploma in pension trusteeship.
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NewsAuto-enrolment at risk after national insurance increase
On the go: The implementation of the auto-enrolment reform could be at risk after the government announced a national insurance hike, Aegon has warned.
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NewsMajority of schemes set to increase illiquid assets allocation
On the go: Around 85 per cent of UK pension schemes are set to increase their allocations to illiquid assets in the next three years, according to research from Alpha Real Capital.
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NewsDashboards programme appoints central digital architecture supplier
On the go: The Pensions Dashboards Programme has appointed Capgemini as the supplier of the project’s central technical architecture.
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NewsFTSE 350 DB schemes’ deficit rises £2bn in August
On the go: Defined benefit schemes sponsored by FTSE 350 companies saw their deficits rise to £87bn in August, an increase of £2bn from £85bn in July.
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NewsTPR urges employers to carry on with auto-enrolment duties
On the go: The Pension Regulator has warned employers to not forget auto-enrolment duties as the economy adjusts to the new normal following the pandemic crisis.
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NewsFTSE 350 DB schemes time to buyout could drop by 35% due to Covid
On the go: FTSE 350 defined benefit schemes could be reaching their endgame quicker than expected due to the effects of the pandemic on life expectancy, new research has shown.
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NewsMorrisons bidder open to giving additional security to DB schemes
On the go: Clayton, Dubilier & Rice, one of the two private equity managers bidding for Morrissons, is open to considering additional securities to the retailers’ defined benefit schemes as part of their dialogue with trustees.
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NewsSavers can have flexibility while staying in DB schemes, says LCP
On the go: Defined benefit members do not need to transfer out of their schemes to be able to gain more flexibility, as this can be achieved through a pensions increase exchange or a bridging pensions option, a new report from LCP claims.
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NewsPPI to launch pensions framework report by 2022
On the go: The Pensions Policy Institute will be launching its first report providing a picture of trends, issues and outcomes of the UK pensions system in 2022.
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NewsFederated Hermes agrees to acquire remaining interest in HFML
On the go: Federated Hermes agreed on Thursday to obtain the remaining 29.5 per cent interest in Hermes Fund Managers Limited held by the BT Pension Scheme.
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NewsAon launches online quiz to explore CDC option
On the go: Aon has launched an online quiz that UK employers and pension scheme trustees can use to explore how a collective defined contribution scheme could meet their future needs.
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NewsLower DB costs by going bespoke, companies told
On the go: Companies can lower the cash costs of their defined benefit schemes by up to 30 per cent if they implement an effective endgame strategy, instead of heading down the Pensions Regulator’s fast-track route, according to Hymans Robertson.
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NewsMerger with WTW would have been a good deal, says Aon CEO
On the go: Aon chief executive Greg Case continues to argue that the merger with Willis Towers Watson would have been a good deal for the UK pensions market.