Reports that new chancellor Rishi Sunak is set to abandon cuts to tax relief on pensions contributions are continuing to circle.
The launch of two accreditation regimes for professional trustees into the industry at the same time is both unnecessary and confusing, says Dalriada Trustees.
Nest has demanded Barclays provide a “robust plan” on winding up investments into fossil fuel providers.
This week’s top stories included the launch of Scottish Widows’ new responsible investment team, and reports of Treasury plans to cut pension tax relief for high earners.
Almost half (43%) of trustees do not feel able to monitor and report on their schemes ESG policy to a high standard, according to CACEIS.
BAE Systems will make a one-off payment of £1bn into its pension scheme “in the coming months” to plug a £1.9bn hole.
The Pension Protection Fund (PPF) has wrapped up its three-month procurement process for partners to assist in the development of a framework agreement to provide administration, actuarial, and consultancy services to its board.
The Department for Work and Pensions (DWP) has called on The Pensions Regulator (TPR) to deepen its research on its planned regulatory approach to tackling climate-related risks and how it would manage any opportunities from climate change.
Pension Insurance Corporation (PIC) will provide €220m (£190m) of debt funding for 21 solar parks in southern Spain, adding to the £700m it has invested in the renewables sector to date.
High earners could face significant cuts to pension tax relief in the upcoming Budget under new Treasury plans to rein in the “perverse” system, according to reports.
A fifth of contract-based pension schemes expect to move to a master trust by 2025, along with a third of trust-based plans.
UKSIF says scheme trustees are failing to comply with their investment duties around ESG. Hope William-Smith looks at whether they need government intervention to get back on track.
Scottish Widows has created a specialist responsible investment team to monitor sustainable activity across its fund range.
This week’s top stories included The Pensions Regulator’s announcement of new measures around the appointment of professional trustees, and the £3bn Merchant Navy Officers Pension Fund completing a £1.6bn buy-in with Pension Insurance Corporation.
Guy Opperman has held onto his role as minister for pensions and financial inclusion after an action-packed cabinet reshuffle yesterday.
Levels of inflation hedging remain strong despite there being no clarity on the outcomes of potential retail price index (RPI) reform, BMO Global Asset Management says.
The Association of Consulting Actuaries (ACA) is calling on the Pension Protection Fund (PPF) to review how insolvency risk methodology will change from next year.
The Brunel Pension Partnership's decision on ESG divestment could go either way, say this week's 99 Pensions Buzz peers in split results.
The Association of Professional Pension Trustees (APPT) will open to applications for its professional trustee accreditation framework from the start of the 2020/21 financial year.
Former Yateley Industries for the Disabled chief executive and chairman Patrick McLarry has been sentenced to five years in jail.
The Pensions Regulator (TPR) has announced new measures around the appointment of professional trustees following concerns that poor governance is putting members’ savings at risk.
This week's top stories included The Pensions Regulator's announcement that it would carry out spot checks on the UK's largest employers. Also, River and Mercantile revealed it had been appointed to run a £1.16bn fiduciary mandate and the Financial Conduct...
Companies with large pension schemes have already made budget allowances in advance of proposed changes to the Retail Prices Index (RPI), Willis Towers Watson (WTW) says.
Real assets are continuing to offer attractive illiquidity premia for investors. Hope William-Smith looks at the current allocation trends for boosting portfolio resilience.
The UK Sustainable Investment and Finance Association (UKSIF) says pension scheme trustees are failing to comply with their investment duties around ESG and need government intervention to get back on track.
Investment consultant Redington has launched a global analytics and scoring system to compare pension provisions across various defined benefit and defined contribution schemes.
This week's 104 Pensions Buzz respondents agreed that the regulations surrounding chair's statements are too harsh.
The Schroders Retirement Benefits Scheme (SRBS) is allocating £800m of its defined benefit (DB) assets to its in-house cashflow driven investing (CDI) building blocks.
Global investment management giants Hermes Investment Management and Federated Investors have combined to form a new responsible investment focused identity.
Every change to the operation of running a master trust requires a total rethink for its schemes. Hope William-Smith looks at how trusts are meeting this challenge.
The People’s Pension (TPP) has issued a new call on the government to reform auto-enrolment (AE) to help reduce the ethnicity gap over the long-term.
This week’s top stories included Lloyds agreeing a £10bn longevity swap with Pacific Life Re for three of its pension schemes, and the Co-operative Pension Scheme completing a £1bn buy-in with Aviva.
A strong growth in the number of ESG ratings and data providers could be contributing to slow progress on responsible investment goals, according to NN Investment Partners (NNIM).
Principal global real estate associations INREV, NCREIF, PREA and ANREV1 have reached an agreement on a standardised approach for measuring the costs of real estate investment vehicles.
Savers who take an early retirement after becoming ill or sustaining severe injury are being increasingly harshly penalised for breaching pension tax relief limits, according to Royal London.
Defined benefit (DB) pension schemes will be able to predict the outcome of member options exercises using artificial intelligence (AI), says Mercer.
Over 80% of consumers want to know more about which companies their pensions are invested in and more transparent updates on their business activities, according to PensionBee.
Almost half (44%) of clinical and non-clinical trust executive directors are considering or planning to leave the NHS in the next two years due to pension taxation, according to NHS Providers.
Norfolk County Council will lead a multi-provider framework agreement that will see 14 Local Government Pension Scheme (LGPS) funds share actuarial services, benefits and governance consultancy services.
This week’s top stories included The Pensions Ombudsman’s rejection of several British Steel complaints, and the unveiling of the Money and Pensions Service’s financial wellbeing strategy.
The parent of collapsed UK retailer Mothercare has secured a revised payment schedule with its pension scheme trustees and said it is “on track” with its planned recapitalisation.
Equities have taken the crown as the most popular asset class in pension fund asset allocation globally, according to a joint report from the Association of the Luxembourg Fund Industry (ALFI) and PwC.
Only a “comprehensive rethink” will be able to fix the “bloated, inefficient mess” of the current pension tax system, says Hargreaves Lansdown head of policy Tom McPhail.
The sentencing of former Yateley Industries for the Disabled chief executive and chairman Patrick McLarry has been delayed again.
Plenty of risk remains in the Pension Protection Fund's (PPF) universe but the outlook on funding levels is positive, the lifeboat says as it launches its 2019 Purple Book.
Pension schemes have been called on to play a central part in the government’s plans to meet climate change expectations. Hope William-Smith asks how this can be achieved
Defined benefit (DB) and defined contribution (DC) master trust The Cheviot Trust has selected First Actuarial to provide actuarial services for the scheme.
HM Treasury has confirmed the launch date of the upcoming joint consultation on changes to the Retail Prices Index (RPI) will be pushed back until Budget day.