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 Pensions Group has launched a scam protection checklist to assist trustees in meeting The Pensions Regulator’s (TPR) scam pledge initiative.
Ross Trustees has secured investment backing from private equity investor LDC, as it prepares to capitalise on growing demand for professional trustee services.
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.
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 (LPPA) has become the latest organisation to join the Pension Scams Industry Group (PSIG) forum.
Two-thirds of UK fund managers are reducing investments in companies that fail on diversity and inclusion scores, according to a survey by Edelman.
There has been a growing focus from institutional investors on social benefits when investing in real estate, according to research by Alpha Real Capital.
Questions remain unanswered around defined benefit (DB) scheme funding, according to analysis by Lane Clark & Peacock (LCP).
Capita Pensions has partnered with data technology solutions firm Intellica to tackle the GMP equalisation challenges facing pension schemes.
Aegon has launched a digital hub for employers to assist with the roll-out of their new pension scheme to employees.
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.
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.
The Pensions Administration Standards Association (PASA) has launched its cybercrime guidance for pension administrators.
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.
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.
Most defined benefit (DB) schemes (70%) would not meet The Pensions Regulator’s (TPR) ‘fast track’ requirements, according to analysis by Hymans Robertson.
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 retirement ‘wake-up packs’ are not encouraging pension savers to take up free guidance, according to the Financial Conduct Authority (FCA).
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.
Work and Pensions Committee chairman Stephen Timms has submitted an amendment to the Pension Schemes Bill aiming to increase the use of pension guidance.
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.
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 developer First Base have entered into a contract to acquire a £155m mixed-use neighbourhood in Cambridge City Centre.
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 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.
Only one third of defined benefit (DB) schemes lengthened their recovery plan end dates in 2019, according to research by Hymans Robertson.
Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.
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.
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 (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.
Fewer than half of asset managers assess gender diversity as part of their investment analysis, latest research by Redington reveals.
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
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.
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.
The pensions industry “can’t compete” with the “ingenuity” of scammers until industry jargon is removed and communications are simplified, according to industry experts.
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.
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.
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).
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 property developer Wrenbridge have achieved planning consent for a warehouse development in Dartford, adding to the firms’ real estate portfolios.
XPS Pensions has been appointed by the West Mercia Police Pension Scheme to provide its pension administration and payroll services.
The Pensions Management Institute (PMI) has elected Lesley Alexander as president.
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.
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 has appointed an independent governance committee (IGC) to oversee the implementation of investment pathways for non-advised self-investment personal pension (SIPP) drawdown users.