Holly Roach
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Trustees must be 'accountable' for the security of data and assets
Trustees must be “accountable for the security of data and assets” to protect schemes and members from the risk of cyber attacks, according to The Pensions Regulator (TPR).
XPS launches scam protection checklist for trustees
XPS Pensions Group has launched a scam protection checklist to assist trustees in meeting The Pensions Regulator’s (TPR) scam pledge initiative.
Ross Trustees secures private equity backing from LDC
Ross Trustees has secured investment backing from private equity investor LDC, as it prepares to capitalise on growing demand for professional trustee services.
Updated: Landmark GMP ruling 'significant challenge' for schemes
Defined benefit (DB) schemes that provide GMPs must revisit and, where necessary, top-up historic cash equivalent transfer values (CETVs) that have been calculated on an unequal basis, a landmark court judgment said last week.
Net-zero target should not be mandated as part of the Pension Schemes Bill, industry says
The majority of the pensions industry agrees an eventual net-zero target should not be mandated for schemes as part of the Pension Schemes Bill, according to a Professional Pensions poll.
Local Pension Partnership Administration joins PSIG industry forum
Local Pension Partnership Administration (LPPA) has become the latest organisation to join the Pension Scams Industry Group (PSIG) forum.
Two-thirds of fund managers reduce investments in companies failing on diversity and inclusion
Two-thirds of UK fund managers are reducing investments in companies that fail on diversity and inclusion scores, according to a survey by Edelman.
'Social' real estate investing 'firmly on the radar' for institutional investors
There has been a growing focus from institutional investors on social benefits when investing in real estate, according to research by Alpha Real Capital.
'Unanswered questions' remain around DB scheme funding
Questions remain unanswered around defined benefit (DB) scheme funding, according to analysis by Lane Clark & Peacock (LCP).
Capita partners with Intellica to tackle GMP equalisation challenges
Capita Pensions has partnered with data technology solutions firm Intellica to tackle the GMP equalisation challenges facing pension schemes.
Aegon launches digital hub for employers
Aegon has launched a digital hub for employers to assist with the roll-out of their new pension scheme to employees.
Gender pension gap closes but pay gap means women still save less
The gender pension gap has narrowed to just 1%, but the pay gap and part-time working ratio means women are still saving less per year than men, according to Scottish Widows.
TPR launches scam pledge initiative in 'major step forward' to combatting pension scams
The Pensions Regulator (TPR) has launched a pledge initiative to encourage trustees to commit to a step up in processes to protect member interests and combat pension scams.
PASA launches key guidance to tackle cybercrime
The Pensions Administration Standards Association (PASA) has launched its cybercrime guidance for pension administrators.
Industry urges TPR to adopt more pragmatic approach to regulation
Pension professionals have called on The Pensions Regulator (TPR) to adopt a more pragmatic approach to regulation as the impact of Covid-19 hits defined benefit (DB) schemes and sponsors.
Barriers to pooled funds implementing trustees' voting policies 'not insurmountable'
The Association of Member Nominated Trustees (AMNT) has published a report outlining the barriers in allowing trustees’ voting policies to be implemented by fund managers in pooled fund arrangements.
70% of DB schemes not on course to meet TPR's 'fast track' DB rules
Most defined benefit (DB) schemes (70%) would not meet The Pensions Regulator’s (TPR) ‘fast track’ requirements, according to analysis by Hymans Robertson.
Majority of savers 'far from confident' about financial future
More than half of UK savers agree they are unable to save sufficiently to achieve the retirement they want, according to research by BlackRock.
Simpler wake-up packs 'failing' to encourage savers to take up guidance
Simpler retirement ‘wake-up packs’ are not encouraging pension savers to take up free guidance, according to the Financial Conduct Authority (FCA).
PLSA calls for pension experts to join policy board
The Pensions and Lifetime Savings Association (PLSA) has called for pension experts and industry thought leaders to apply to become a member of its policy board.
WPC submits Pension Schemes Bill amendment
Work and Pensions Committee chairman Stephen Timms has submitted an amendment to the Pension Schemes Bill aiming to increase the use of pension guidance.
Prudential Retirement expands its global longevity reinsurance business
PFI’s retirement business, also known as Prudential Retirement, is expanding its global longevity reinsurance business with an offering driven by growth in the UK pensions market.
Industry supportive of DWP's DC proposals but warns of unintended consequences
The Department for Work and Pensions’ (DWP) consultation on improving defined contribution (DC) outcomes has garnered support from the industry, but many have warned of potential unintended consequences.
RPMI Railpen and First Base to develop £155m mixed-use Cambridge neighbourhood
RPMI Railpen and developer First Base have entered into a contract to acquire a £155m mixed-use neighbourhood in Cambridge City Centre.
PLSA calls for Pension Schemes Bill amendments; Says TPR powers 'cast net too wide'
The Pensions and Lifetime Savings Association (PLSA) has called for amendments to the Pension Schemes Bill to ensure new regulatory powers do not unintentionally prevent schemes from taking action in members’ interests.
Willis Towers Watson launches diversity action plan; warns progress is 'disappointingly slow'
Willis Towers Watson has set out a diversity action plan for the investment industry after its research found progress on diversity is “disappointingly slow” across the entire sector.
Recovery end plan dates lengthened by just one third of DB schemes
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
ITN Pension Scheme renews fiduciary appointment with Aon
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.
XPS posts 9% revenue growth; reveals significant rise in admin and consulting business
XPS Pensions Group has posted a total revenue growth of 9% in the six months to 30 September 2020, its pre-close trading update shows.
Lifetime allowance to rise to £1.078m in line with 0.5% inflation
The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
Just one in six schemes report long-term covenant damage
Just one in six (16%) of schemes believe the Covid-19 pandemic has weakened their sponsor’s ability to support them in the long term, research by Willis Towers Watson finds.
Majority of asset managers do not assess gender diversity
Fewer than half of asset managers assess gender diversity as part of their investment analysis, latest research by Redington reveals.
Regulator's gateway guidance could set 'too high a hurdle' for superfunds
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
TPR launches discussion on 15-year corporate strategy; key focus on shift to DC
The Pensions Regulator (TPR) has launched its 15-year corporate strategy in the form of a discussion paper, revealing protecting the future financial wellbeing of savers will sit at the heart of its work.
Industry pushes for AE intervention so members don't squander pension pot
The pensions industry must personalise interventions and auto-enrolment (AE) conversations to prevent members from squandering their pots at retirement age, according to industry experts.
Pensions industry 'can't compete' with 'ingenious' scammers
The pensions industry “can’t compete” with the “ingenuity” of scammers until industry jargon is removed and communications are simplified, according to industry experts.
Collaboration vital if pensions sector is to be instrumental in driving change on climate crisis
The whole pensions sector must collaborate if it is going to drive real change on climate issues, industry experts have warned.
London Borough of Hammersmith and Fulham to transfer pensions administration services following review
The London Borough of Hammersmith and Fulham is looking to transfer its pensions administration service to a new provider towards the end of 2021, following an independent review.
Fund managers urged to ramp up climate risk data
XPS Pensions Group has called on fund managers to step up collection and management of climate risk data in order to get a true sense of the risk in their portfolios.
McCloud judgment proposed changes 'could take more than two years to implement'
The proposed changes from the McCloud judgment to Local Government Pension Scheme (LGPS) members could take more than two years to implement, according to the Pensions and Lifetime Savings Association (PLSA).
Government launches GMP indexation consultation
The government has launched a consultation seeking views on its proposals on how it will continue to provide full indexation of public service pensions, including any GMP element.
RPMI Railpen and Wrenbridge secure warehouse development consent
RPMI Railpen and property developer Wrenbridge have achieved planning consent for a warehouse development in Dartford, adding to the firms’ real estate portfolios.
West Mercia Police Pension Scheme appoints XPS for administration services
XPS Pensions has been appointed by the West Mercia Police Pension Scheme to provide its pension administration and payroll services.
PMI appoints Lesley Alexander as president
The Pensions Management Institute (PMI) has elected Lesley Alexander as president.
Asset managers warned measuring impact alone is not enough
Institutional investors risk a disconnect between ambition and reality if they focus on measuring investment impact without explicitly linking it to value creation for stakeholders, The Thinking Ahead Institute (TAI) warns.
Guy Opperman welcomes FCA climate risk reporting plans
The Financial Conduct Authority’s (FCA) plans to usher in landmark climate risk reporting measures in 2022 have been welcomed by pensions and financial inclusion minister Guy Opperman.
Vanguard appoints IGC to oversee personal pension investment pathways
Vanguard has appointed an independent governance committee (IGC) to oversee the implementation of investment pathways for non-advised self-investment personal pension (SIPP) drawdown users.