All articles by Rolhat Zen-Aloush – Page 6
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NewsCall to scrap ‘draconian’ MPAA as savers raid pension pots
On the go: A total of £2.6bn was withdrawn from defined contribution pension schemes under the government’s flexible payment rules during the first quarter of 2021, an increase of 6 per cent year on year from the £2.5bn taken out during the same period last year, according to new statistics from HM Revenue & Customs.
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NewsEuropean asset owners fire warning shots across fund managers’ bows
On the go: Institutional investors in Europe are set to ditch fund managers they deem are both charging too much and providing unsatisfactory levels of reporting and transparency.
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NewsTwo in five women have taken action over their pensions
On the go: Fears over the gender pensions gap, which is leaving women worse off financially in retirement than their male counterparts, have driven almost half (44 per cent) of working age women with a workplace or private pension to take action regarding their pensions, according to new research from Barnett Waddingham
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NewsUKSIF urges pensions sector to ramp up sustainability
On the go: The UK Sustainable Investment and Finance Association has proposed a series of measures to increase sustainability in the pensions sector, as part of its new policy version.
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NewsOnly 36% of construction workers are saving into a pension
On the go: The majority of construction workers are not saving towards their retirement, according to research by union Unite.
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NewsAlmost half of employers would consider offering CDC for retirement
On the go: The support for collective defined contribution schemes is growing within the pensions industry, with 48 per cent of employers saying they would consider offering a CDC pension to their DC scheme members at retirement.
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NewsRedington and Fidelity to target net-zero by 2050
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Redington and Fidelity announcing a reduction in carbon emissions.
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NewsLCP warns private sector DB dying faster than realised
On the go: New research from consultancy LCP has found that with private sector defined benefit schemes closing more rapidly than realised, the incomes of newly retired workers are set to fall at a much more dramatic rate in the coming decades than had previously been thought.
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NewsPPI urges pension schemes to explore broader ESG factors
On the go: The Pensions Policy Institute is urging pension schemes to put more emphasis on social and governance factors when considering socially responsible investment.
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NewsAPPT urges auditors to formalise data requests
On the go: The Association of Professional Pension Trustees has written to the Institute of Chartered Accountants in England and Wales to express membership concerns about the amount of time and resource required to respond to enquiries about pension schemes from the auditors of scheme sponsors.
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NewsAegon calls on HM Treasury to allow individuals to retain rights
On the go: With a consultation on raising the normal minimum pension age to 57 from 55 closing this week, Aegon has called on HM Treasury to allow all individuals who transfer to another scheme to retain existing rights to take benefits from age 55.
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NewsTreasury committee calls for ESG regulations for smaller schemes
On the go: The Treasury committee published on Thursday a unanimously agreed report as part of its decarbonisation and green finance inquiry, which calls for environmental, social and governance regulations for smaller schemes.
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NewsAlmost £2m lost to pension fraud so far in 2021
On the go: Action Fraud is warning savers to remain vigilant and protect their pensions, as new research from the national reporting centre for fraud and cyber crime reveals that £1.8m has already been lost to pension fraud in 2021.
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NewsCalls for govt to introduce sidecar savings into auto-enrolment
On the go: A group of Conservative party members have called on the government to introduce a sidecar savings mechanism into the existing auto-enrolment policy.
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NewsNest to invest £3bn into infrastructure equity
On the go: Master trust Nest has appointed CBRE Caledon and GLIL Infrastructure to invest £3bn into infrastructure equity by the end of the decade.
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NewsWillis Towers Watson and Wales LGPS pool target carbon emissions
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, with Wales Pension Partnership and Willis Towers Watson reducing their carbon emissions, and new research from PGIM that shows almost half of investors are overlooking climate risks.
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Most savers expect companies in their pension to pay living wage
On the go:A third of savers (33 per cent) would prefer their pension provider to divest from companies that do not pay the living wage, rather than engage with them to drive better behaviour, according to research from PensionBee.
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NewsOmbudsman sides with Pilots’ trustee on accrual rate changes
The Pensions Ombudsman has sided with the trustee of the Pilots’ National Pension Fund in its move to change the scheme’s benefits accrual rate, noting that the decision was reached “following a reasonable decision-making process”.
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UK DB scheme surplus rises £19.6bn in March
On the go: The aggregate surplus of the 5,318 defined benefit schemes in the Pension Protection Fund 7800 Index has increased by £19.6bn in March.
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BT, Ford and M&S schemes seek judicial review on RPI changes
On the go: The trustees of BT, Ford and Marks and Spencer pension schemes announced on Friday that they are seeking a judicial review of the decision to replace the retail price index with the consumer price index including housing costs from 2030.