All articles by Sophia Imeson – Page 2
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News
Doctors follow firefighters and judges with planned legal action
On the go: The British Medical Association is planning to take legal action against the government on behalf of a group of younger doctors regarding alleged age discrimination as a result of transitional protection arrangements.
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News
Does proposed professional trustee rule spell the end for lay trustees?
The Pensions Regulator is considering whether an accredited professional trustee should sit on every board, but what could this mean for the future of lay trustees?
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News
Smiths Industries completes £176m bulk annuity transaction
On the go: The £3bn Smiths Industries Pension Scheme has completed a £176m bulk annuity with Canada Life – its second transaction of this kind with the insurer.
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FeaturesUS industrial giant completes sectionalised merger of UK schemes
US conglomerate Honeywell has gone ahead with proposals to merge three of its UK defined benefit schemes on a sectionalised basis, in a bid to lower costs and streamline governance.
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News
Supreme Court denies govt leave to appeal in firefighters' pension case
On the go: The Supreme Court has denied the government’s application for permission to appeal a Court of Appeal ruling that pension changes discriminated against younger members of the Firefighters' Pension Scheme.
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Features
Hammersmith and Fulham fund moves to buy-and-maintain strategy
The London Borough of Hammersmith and Fulham Pension Fund has allocated £85m to a new buy-and-maintain mandate aiming for steady market-based returns.
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NewsBMA launches legal challenge over new NHS scheme suspension rules
The British Medical Association has issued legal proceedings against the government, challenging recent changes that enable the suspension of benefit payments when a National Health Service Pension Scheme member has been charged with certain criminal offences.
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Features
Admin oversight at Aviva delays new default at General Medical Council
The General Medical Council Group Personal Pension Plan has put in place its new default investment option for members more than a year after the intended implementation date, after an administrative oversight at Aviva led to delays.
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News
Investors push for greater disclosure on environmental impact
On the go: Eighty-eight investors have come together to target hundreds of companies across 46 countries for not reporting their climate change, deforestation and water security data.
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News
More schemes offering member concessions on DB closure
The number of defined benefit funds undertaking benefit reviews has soared since 2014, recent research has revealed, prompting yet more scheme closures amid a growing tendency to offer member concessions.
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FeaturesLloyds Banking Group completes second trustee board merger
Lloyds Banking Group now has a single trustee board for its four largest pension schemes, after completing its second pension trustee board merger in three years.
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News
Arcadia CVA proposals approved
On the go: All seven of Arcadia’s company voluntary arrangements have been approved by the required majority of the retailer’s creditors.
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FeaturesNuclear scheme calls out Prudential for poor value and switches
Trustees of the Combined Nuclear Pension Plan have dropped Prudential as their defined contribution provider, after member-borne charges for its default and other options were rated "poor" in an assessment of value for members.
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News
CMA takes final step in reform of fid man and consultancy sectors
On the go: The Competition and Markets Authority has issued a legally binding order requiring investment consultants and fiduciary managers to provide clearer information about what their customers are getting for their money.
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Features
University of Birmingham replaces GPP with master trust
The University of Birmingham has replaced its group personal pension plan with a master trust administered by a different provider, following a review of staff retirement savings arrangements.
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Features
UK charities feel strain of DB scheme funding
Data crunch: UK charities are feeling the strain of defined benefit funding – with the average FRS102 pension deficit equalling almost a fifth of unrestricted assets across the 40 largest charities by income in England and Wales.
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FeaturesUMSS focuses on sustainability with new equity manager appointments
The £609m University of Manchester Superannuation Scheme has appointed two new equity managers who invest in companies picked on sustainability grounds.
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News
Tailored review recommends extending watchdog's powers
On the go: A review of the Pensions Regulator has recommended that the government consider extending the watchdog’s powers to enable them to make rules in specific circumstances.
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News
Employer prioritises pension over dividends following TPR pressure
On the go: A defined benefit pension scheme has committed to stop dividend payments for six years and shortened its recovery plan length as part of a suite of improvements following intervention by the Pensions Regulator.
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Features
Phoenix moves to simplify own scheme's benefits with PIE
Nearly two fifths of eligible pensioners in a scheme sponsored by Phoenix Group have accepted a pension increase exchange offer, which has shaved about £20m from the bulk annuity insurer's defined benefit liabilities.