Saksha Menezes
NewsGPs admin woes continue in new Capita pensions portal
The long-running saga of admin issues for doctors continues, as a new pensions and payments portal for GP practices, introduced in June, has shown a series of failings, including missing records and payments.
NewsProfit warnings from DB sponsors decrease 73% in a year
On the go: Profit warnings from listed companies with defined benefit schemes have dropped by 73 per cent between Q3 2020 and Q2 2021, but 10 percent remain in the insolvency “danger zone’’, according to figures from EY.
NewsMP introduces bill to investigate Atomic Energy Authority transfers
Conservative MP David Johnston has introduced a private members’ bill to allow the Parliamentary and Health Service Ombudsman to investigate pension transfers made out of the UK Atomic Energy Authority pension scheme.
NewsGender pension gap reaches 56% at retirement
On the go: Women have a gender pension gap in every stage of their career, which reaches 56 per cent at retirement when compared to men, according to analysis from Legal & General.
NewsProfessional trustee board appointments increase 60%
On the go: The number of schemes appointing professional trustees is on the rise, with almost half of pension fund boards now having such arrangements, which compares with one in five schemes five years ago, according to LCP.
NewsTrustees of Morrisons’ schemes in talks with Fortress after takeover bid
On the go: The trustees of Morrisons’ defined benefit schemes are in talks with representatives of Fortress Investment Group, which has made an offer to takeover the British retailer.
NewsPensions Ombudsman taking longer to resolve old complaints
On the go: The Pensions Ombudsman has seen delays in resolving complaints, due to the impact of Covid-19 and the increased complexity of these cases.
NewsNest govt loan increases 66% in pandemic year
On the go: The loan from the Department for Work and Pensions to Nest increased by 66 per cent in 2020-21, as the government-backed master trust saw a rise in members and assets under management.
NewsRailpen targets net-zero, LGPS funds invest in renewable assets
ESG spotlight: AA roundup of the latest news on environmental, social and governance initiatives, with the Railways Pension Scheme pledging to reduce carbon emissions, Local Government Pension Scheme funds investing in a renewable strategy, and new signatories to the Green Pensions Charter.
NewsGovt introduces public service pensions bill in parliament
On the go: The government introduced the public service pensions and judicial offices bill in the House of Lords on Monday that will allow the implementation of the McCloud remedy.
NewsFirst lay trustee receives PMI accreditation
On the go: Neil Calvert, who sits on the Local Government Pension Scheme’s Derbyshire pension board, is the first lay trustee to be accredited by the Pensions Management Institute.