Kim Kaveh
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Articles by Kim Kaveh
Combined Nuclear Pension Plan authorised by TPR leaving four waiting for approval
The Combined Nuclear Pension Plan (CNPP) is the latest master trust to have been granted authorisation by The Pensions Regulator (TPR).
DWP proposes levy hike as funded bodies see 'continuing change and growth'
The Department for Work and Pensions (DWP) has proposed increasing the general levy on occupational and personal pension schemes from 1 April 2020.
NEST grows membership by nearly 30% in one year
The number of members to have ever used NEST rose by 28% over the 2018/19 fiscal year to 31 March, according to its research arm, NEST Insight.
PLSA publishes retirement living standards to help savers 'picture their future'
The Pensions and Lifetime Savings Association (PLSA) has unveiled a retirement living standards tool to help members engage with their pension and set retirement targets.
Aegon debuts animated video summaries for members
Aegon has launched personalised animated video summaries for its members, in a bid to boost engagement.
LEBC valuation slashed by a third after withdrawal from transfer market
LEBC’s majority shareholder B.P. Marsh & Partners has reduced the valuation of its holding in the group by 33%, following its withdrawal from the defined benefit (DB) transfer market.
Global DC attitudes to inertia versus member engagement differ widely, finds Thinking Ahead
Defined contribution (DC) schemes’ visions are generally aligned, but there are mixed views on the power of the default versus member engagement, according to the Thinking Ahead Institute.
AE seven years on: Has it been a success story?
AE has successfully brought millions of people into pension savings. But, as Kim Kaveh writes, it is far from perfect.
Exclusive: Evolve Pensions consolidates its two master trusts as BlueSky winds up
Evolve Pensions has wound up its BlueSky master trust and moved members to its other provider, Crystal, PP can reveal.
Asset management fees continue to fall following pressure from schemes
There has been a substantial reduction in fees across a number of asset classes over the past few years as pension funds continue to apply pressure on fees, Bfinance says.
Business raided for pensions cold calling in ICO's first move since ban
The Information Commissioner’s Office (ICO) has searched an unnamed business premises in Chichester as part of an investigation of the firm suspected of making nuisance pensions calls.
Pension bosses handed 34-year ban for £12m pension liberation 'house of cards'
Three directors who liberated just under £12m worth of pension savings have been disqualified for a total of 34 years for misleading investors over a period of 30 months.
RPMI Railpen to vote against firms with poor approach to climate-risk disclosure
RPMI Railpen will vote against the re-election of chairpersons and senior directors where it is concerned about their firms’ approach to managing climate risk, it has announced.
The hopes and concerns for the future of trusteeship
TPR’s consultation on the future of trusteeship closed last week, but there are mixed views on its proposals. Kim Kaveh looks at the industry’s responses.
Exclusive: Telegraph moves pension scheme to Fidelity Master Trust
The Telegraph Media Group has moved its employees to the Fidelity Master Trust after the trustees conducted a “comprehensive review” of its pension arrangements, PP has learned.
BCF and Carey master trusts granted authorisation as regime hits one-year mark
The Carey Workplace Pension Trust and BCF Pension Trust have been granted authorisation, leaving just six master trusts waiting for approval from The Pensions Regulator (TPR).
Punter Southall Aspire acquires BDO's employee benefits business
Punter Southall Aspire has acquired accountancy and business advisory firm BDO’s employee benefits business.
Industry split on compulsory workplace pension membership
A narrow majority of this week's 108 Pensions Buzz respondents said there was no need to make workplace pension scheme membership mandatory.
Cardano completes Now Pensions acquisition
Cardano Group has completed the acquisition of Now Pensions, a week after the master trust received authorisation from The Pensions Regulator (TPR).
MAPS establishes steering group with ten members to take dashboards forward
The Money and Pensions Service (MAPS) has made ten appointments across the pensions and wider financial sector to work on the practicalities of establishing pensions dashboards.
The People's Pension, The Cheviot Trust and Atlas Master Trust receive authorisation
The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.
Unhedged pension schemes face funding risks as yield curve inverts
Pension schemes that have not hedged their liabilities could face funding issues as long-dated bond yields have plummeted, industry experts have warned.
How BAT's buy-in has paved the way for future deals
Following British American Tobacco's £3.4bn buy-in this month, Kim Kaveh speaks to some of the key players about the process.
SEI Master Trust and National Pension Trust receive authorisation
SEI Master Trust and National Pension Trust have been granted authorisation, becoming the 14th and 15th master trusts to be given the stamp of approval by The Pensions Regulator (TPR).
L&G acquires MyFutureNow to provide 'dashboard view' of member pots
Legal and General (L&G) Retail Retirement has purchased a 100% stake in MyFutureNow - which specialises in pension pot tracing and consolidation - for an undisclosed price.
The race to equalise GMPs…are we there yet?
Planning the journey towards equalised GMPs will make the process more enjoyable than focusing on the timing of reaching the end goal, says Girish Menezes.
Six ways to boost your pension pot
Putting together a pension fund can be tricky to tackle, whether you have just set foot into the world of work, or have been working for years and are approaching retirement. Emily McKinnon looks at effective ways of saving for retirement.
The stress of debt
An increasing number of people are struggling with their finances. Nick Martindale looks at what employers can do to help their staff with money.
DWP to legislate for additional ombudsman powers to facilitate early resolution
The government is looking to bring forward legislation to give The Pensions Ombudsman (TPO) additional powers, including an early resolution function, "in due course".
Government to review tapered pension tax rules for NHS doctors
The government has put forward proposals to review pensions tax relief rules in order to give senior NHS clinicians full flexibility over the amount that they contribute to their pensions.
TPR to prosecute recruitment agency over AE duty failure suspicions
A recruitment agency and its managing director are to be prosecuted by The Pensions Regulator (TPR) on suspicion of trying to avoid providing staff with a workplace pension.
TPR issues nearly 1,000 section 72 information requests in nine years
The Pensions Regulator (TPR) has issued 937 requests for information under section 72 of the Pensions Act 2004 since its records began in 2010.
Railways Pension Scheme and Aon DC master trusts receive authorisation
The Railways Pension Scheme's Industry Wide Defined Contribution (IWDC) Section and the Aon Master Trust have become the 12th and 13th master trusts to be authorised by The Pensions Regulator (TPR).
WPC calls for 'agreed definition' of value for money in wide-ranging pension transparency report
The government and regulators should not wait for the industry to "fail to act voluntarily" to provide value for money in pensions, the Work and Pensions Committee (WPC) says.
PPF: Give employees opportunities to develop themselves
The Pension Protection Fund won training scheme of the year at PP's inaugural Rising Star Awards. Its chief people officer Katherine Easter tells Kim Kaveh about the lifeboat fund's achievements
Five stories you may have missed this week
This week's top stories include The Pension Superfund's second deal, and British American Tobacco's £3.4bn buy-in with Pension Insurance Corporation.
Darren Philp: We need an informed debate about costs and charges
Smart Pension's head of policy and communications says Now Pensions' AE index was propaganda but raises the issue of the long-term effect of charges.
Mercer under fire after 10-month DB transfer
Pensions and investment consultancy Mercer has come under fire after taking 10 months to complete a defined benefit (DB) transfer.
TPR annual DC survey: Just 1% of small schemes meeting all governance standards
An overwhelming majority of smaller schemes are failing to meet all standards of governance and trusteeship, The Pensions Regulator's (TPR) annual defined contribution survey shows.
Webinar: The benefits of health screening
WSB's webinar looks at the benefits health screening can offer both employers and employees and examines the range of offerings currently available.
British American Tobacco scheme completes £3.4bn buy-in with PIC
The British American Tobacco (BAT) UK Pension Fund has completed a £3.4bn buy-in with Pension Insurance Corporation (PIC), the largest buy-in transaction including pensioner and deferred members.
TPR consults on investment governance guidance for CMA recommendations
The Pensions Regulator (TPR) is inviting responses from pension trustees and advisers in a consultation on four draft guides to support tougher investment governance rules.
Lloyds secures one million new pension customers, beating 2020 target
Lloyds Banking Group has secured one million new pension customers since the start of 2018, according to its half year results to 30 June.
Reaction: FCA contingent charging ban proposal welcomed by industry but challenges remain
The industry has broadly praised the Financial Conduct Authority's (FCA) proposal to ban contingent charging on defined benefit (DB) transfer advice as a move towards improving retirement outcomes.
FCA to implement compulsory investment pathways for non-advised drawdown
Defined contribution (DC) drawdown providers will have to offer non-advised consumers investment pathways from August 2020, the Financial Conduct Authority (FCA) says.
The Pension Superfund announces second deal
The Pension Superfund has signed its second deal, agreeing to take on £300m of defined benefit (DB) liabilities from an unnamed pension scheme.
Willis Towers Watson fiduciary clients see 23 percentage point funding increase
Willis Towers Watson's fiduciary clients have seen funding levels improve by 23.1 percentage points over the last 10 years, according to its latest performance figures.
Five stories you may have missed this week
This week's top stories include Amber Rudd remaining as work and pensions secretary, and the regulator carrying out seven criminal investigations into potential scams.