Tender Watch: GMC scheme reappoints Aon; Homes England hires Hymans; Civil Service appoints NTT Data for CSPS and RMSPS schemes
Professional Pensions rounds up some of the latest tender awards from across the industry.
The government must work with HM Revenue and Customs (HMRC) and the wider industry to clarify GMP equalisation uncertainties, Mercer says.
Mobius Life has launched a service to provide pension schemes with a report which collates asset managers’ ESG themes to help trustees complete their annual implementation statements.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
The Pensions Regulator (TPR) has published the interim response to its first defined benefit (DB) funding code consultation – highlighting the depth of industry concern around its proposed twin-track regime.
The Department for Work and Pensions (DWP) will ban the charging of flat fees on AE auto-enrolment (AE) pots below £100 and launch work on how to standardise cost and charges reporting.
The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme.
Matt Rodda has taken over the role of shadow pensions minister from Jack Dromey following a Labour frontbench reshuffle.
Industry stalwart Peter Weiner has passed away aged 69 following a battle with cancer.
MJ Hudson has bought private equity fund and portfolio performance specialist PERACS in a further expansion of its data and analytics division.
Nest Pensions chief executive Helen Dean has been awarded a CBE for services to pension savings in the New Year Honours 2021.
The Pensions Regulator (TPR) has banned a corporate trustee and one of its directors from acting as pension scheme trustees after multiple governance failures highlighted a lack of competence, capability and integrity.
What were the most read features on Professional Pensions over the last 12 months? We look at some of the top long-form articles on our site during the year.
The small pots working group has made a number of recommendations on how to tackle the growth of deferred members with small pension pots within the AE pensions market – urging the government and industry to take action to enable large-scale mass transfers....
PLSA survey finds trustee boards still insufficiently diverse; Most schemes have no plan in place to remedy situation
Greater diversity in the industry can improve decision-making and help with attracting and retaining talent but few schemes have diversity and inclusion plans in place, Pensions and Lifetime Savings Association (PLSA) research reveals.
The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA).
The Association of Member-Nominated Trustees (AMNT)has called for trustees to take positive action in order to recruit new trustees to scheme boards.
Barnett Waddingham has published its annual report and accounts, revealing a 9% rise in revenues to £107.9m and a 5% increase in pre-tax profits to £29.7m in the year to 31 May.
Smart has launched a retirement product in a bid to help guide members and bridge the advice gap.
UPDATED: Capita sells employee benefits business to Benefex; Atlas Master Trust not part of transfer
Capita has sold its employee benefits business to Benefex following a strategic review.
PMI president Lesley Alexander and the institute's immediate past-president Lesley Carline talk about the challenges of Covid-19 and the opportunities and challenges the industry faces in the future.
XPS Pensions posted a 9% increase in revenues during the six months to 30 September – a rise driven by a number of large client wins.
The government will set up an infrastructure bank to support investment and to co-invest alongside investors including pension funds.
The Pensions Management Institute (PMI) has appointed three non-executive directors and an executive director to its board.
Former Financial Regulators Complaints Commissioner Antony Townsend is to become chair of an expanded Determinations Panel at The Pensions Regulator (TPR).
The Pensions Regulator (TPR) has substantially increased the usage of its powers against trustees – posting a sharp rise in the use of formal information gathering powers and High Court production orders during the three months to the end of September....
The Pension Schemes Bill has completed its third reading, crossing its latest hurdle in the House of Commons.
Professional Pensions is holding a webinar on how the pensions industry can make a real impact when it comes to ESG – asking what is better, to engage or to divest.
The Pensions Management Institute (PMI) has launched a competency framework setting out the functional and technical competences needed to be effective in the industry at all career levels.
Corporate reporting needs to improve to meet investor expectations on the issue of climate change, the Financial Reporting Council (FRC) says.
Jonathan Stapleton says that, while the production of two-page simpler annual statements is no panacea for member engagement, it is a welcome step in the right direction.
Ruston Smith talks about how collaboration can help the industry solve the challenges it faces
Just over one-third (36%) of schemes retendering for full fiduciary management services are switching providers, latest analysis by Isio reveals.
Buck has announced its acquisition of pensions and employee benefits communications firm Concert Consulting in a bid to expand its member engagement offering.
Timeline for pensions dashboards announced - Data standards due in December but consumer offering not available until at least 2023
The Pensions Dashboards Programme (PDP) has published its second progress update report – setting out a timeline for the development of the project.
Punter Southall has launched a defined benefit (DB) scheme consolidator in a bid to allow small schemes to cut their running costs, reduce risk and improve benefit security and governance.
London CIV and Morgan Stanley Investment Management (MSIM) have announced the launch of a global equity core fund.
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
Wilton Re has made an investment in Clara Pensions to support the consolidator’s growth and development.
Here they are - the winners of the Workplace Savings and Benefits Awards 2020...
Legal & General Investment Management (LGIM) has incorporated ESG considerations as well as its climate impact pledge into the default funds for the 3.3 million members in its master trust and contract-based schemes.
Schemes and their administrators have rightly received much praise for ensuring that pensions have continued to be paid in full and on time during an unprecedented period of disruption.
Martin Lewis founded Money Saving Expert, a website that has since built up an email following of 13 million people, after investing just £100 in a website at the beginning of the millennium. But how has Lewis achieved such cracking engagement? And what...
Any move by the Bank of England (BoE) to cut interest rates to zero or move them into negative territory would have a limited impact on well-hedged schemes, the industry says.
Morgan Stanley has agreed to buy Eaton Vance for $7bn (£5.4bn) – a move that will nearly double the size of its investment management business.
UK collective defined contribution (CDC) schemes would have weathered 2020 market volatility and would not have needed to cut member benefits, Aon says.
PRAG updates guidance on cybercrime protection as 43 pension organisations report breaches to ICO over past two years
The Pensions Research Accountants Group (PRAG) has published updated guidance to help trustees protect their schemes from cybercrime.