Industry
25 Years of PP: A busy two decades
As part of a series celebrating PP’s silver anniversary, Hope William-Smith asks industry veterans about policy over the past 25 years and what needs to change for the future.
Five stories you may have missed this week
This week’s top stories include findings from PwC that pensions schemes have been “shoehorned” into valuing liabilities against gilts, while Mercer launched a defined benefit master trust.
Pension Awareness Week 2020: Workplace scheme quality dampened by information asymmetry
The lack of information cohesion across the industry is preventing savers from receiving true value for money from their workplace scheme, the Finance Technology Research Centre (FTRC) says.
Sole corporate trusteeship not a positive trend, industry says
Almost half (49%) of the respondents to a Professional Pensions poll disagree that the trend toward sole corporate trusteeship is positive.
CMI: Volatile spikes clear yet deaths remain close to 2019 levels
Despite a surge of small spikes in the number of deaths in the last month on a week-by-week basis, overall levels remain close to those recorded last year, says the Continuous Mortality Investigation (CMI).
Nest Insight and DWP to investigate impact of Covid-19 on savings behaviour of self-employed
Nest Insight and the Department for Work and Pensions (DWP) are set to conduct research to examine the financial impact of Covid-19 on self-employed people.
Pension Awareness Week 2020: Savers 'ignoring' schemes' fraud warnings
Warnings from pension companies to savers who are looking to transfer their pension somewhere that does not look right are often ignored, says Phoenix Group.
Have your say: Should trustees have the ability to pause suspected scam transfers?
In this latest Pensions Buzz, we want to know whether greater permissions for trustees were necessary when it comes to preventing scams.
Hundreds of pension scams go undetected with £31m lost in three years
Pension scammers are “slipping through the net” as hundreds of fraud cases each year do not get passed to the police to investigate, according to Quilter.
Keep messaging simple and follow the science
Simplicity and cohesion are key to effective pension communication and will help get us through this time of uncertainty, says Henry Tapper.
Railways Pension Scheme issues warning over revised TPR funding code
The Railways Pension Scheme has warned The Pensions Regulator (TPR) that its proposals to revise the defined benefit (DB) funding code could lead to a £15bn deficit in the scheme as it is forced to switch lower-risk but lower-returning assets, the FT...
Aegon, Aviva, and Scottish Widows top 2020 workplace pension solutions and AE ratings
Offerings from Aegon, Aviva, and Scottish Widows have taken the crown in the Financial Technology Research Centre’s (FTRC) annual workplace pensions and auto-enrolment (AE) ratings.
Five stories you may have missed this week
This week’s top stories included the Universities Superannuation Scheme’s launch of a consultation on its 2020 valuation, while Pension Insurance Corporation Group’s adjusted profits fell by nearly three-quarters.
Government urged to rethink 'pot follows member' idea to fix burgeoning number of lost pensions
Lane Clark and Peacock (LCP) has urged the government to “look again” at the idea of ‘pot follows member’ to fix the burgeoning number of small pension pots getting lost.
Walker Morris bolsters pensions team with partner appointment
Law firm Walker Morris has expanded its pensions team with the appointment of Liz Graham as partner.
Hymans Robertson enhances digital impact with chief digital officer hire
Hymans Robertson has appointed Simon Mortimer as chief digital officer (CDO) - a new role created in a bid to enhance its digital impact.
PGIM Fixed Income hires head of ESG research
PGIM Fixed Income has hired Eugenia Unanyants-Jackson as head of ESG research, a newly created role.
UK investment consultants form joint working group on sustainability
A dozen UK investment consulting firms have established a group aiming to improve sustainable investment practices across the investment industry.
Hedge funds agile and resilient in the wake of Covid-19
Hedge funds are emerging from disruption caused by the coronavirus pandemic more resilient, adaptable, diverse, efficient, and productive, according to the Alternative Investment Management Association (AIMA).
Furness Building Society transfers to Enplan platform
The Furness Building Society Pensions and Assurance Scheme has successfully transferred to the Enplan Pension Platform, following a competitive tender process.
PMI reports itself to ICO after hacker attack leads to data breach
The Pensions Management Institute (PMI) has reported itself to the Information Commissioner’s Office following a cyber-attack which resulted in hackers gaining access to the names and email addresses of around 1,700 people.
USS launches 2020 valuation consultation; Universities and staff face vast hike in annual pension costs
The Universities Superannuation Scheme (USS) has launched a consultation on its 2020 valuation and ‘technical provisions’ laying out options to reduce its expanding deficit.
AUM for world's largest pension funds reaches $19.5 trillion
The total assets under management (AUM) held by the world’s 300 largest pension funds has increased this year to reach $19.5trn (£14.8trn).
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