Industry
Exclusive: Multiple dashboards unnecessary says industry in mixed Pension Schemes Bill feedback
More than four in five employers oppose the implementation of multiple pensions dashboards and any that do not include state pensions, the Association of Consulting Actuaries (ACA) says.
Half of scheme representatives agree fiduciary duty hinders trustees in addressing climate change, finds XPS
Half of scheme representatives believe the current fiduciary duty of trustees hinders them in their ability to address climate change, according to a poll by XPS Pensions Group.
A beacon of hope: How the PMI will evolve in a post-Covid world
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.
PASA looks to ramp up pensions admin standards with Deloitte partnership
The Pensions Administration Standards Association (PASA) has announced global consultant Deloitte as its expert knowledge provider for data.
Five stories you may have missed this week
This week’s top stories included further support for an overhaul of the pension tax regime, while the Treasury confirmed the Retail Prices Index will be reformed by 2030.
XPS Pensions posts 9% uptick in H1 revenues
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.
Women in Pensions Awards 2020 - The Winners
Here they are - the winners of the 3rd annual Women in Pensions Awards...
Chancellor warns of 'economic emergency' in Spending Review as borrowing hits £394bn
Chancellor Rishi Sunak has warned that the UK’s “economic emergency has only just begun”, as he revealed that the Office for Budget Responsibility (OBR) has forecast the economy will contract this year by 11.3% - the largest fall in output for more than...
CMI: Excess deaths reach new high for 2020
The UK’s cumulative excess deaths figure for 2020 is higher now than at the previous peak of 64,600 recorded during the first wave of Covid-19, the Continuous Mortality Investigation (CMI) says.
Trustees must be 'accountable' for the security of data and assets
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).
Have your say: Do you support the ruling that DB trustees must equalise GMPs in past transfers?
In this week's Pensions Buzz, we want to know whether you support the ruling that defined benefit (DB) trustees must equalise GMPs in past transfers.
Take fresh look at longevity assumptions as £130bn 'tied up' from optimism, PwC urges
More than £130bn of company funds are tied up in pension schemes specifically due to lower than expected levels of life expectancy improvements over the last decade, according to PwC.
XPS launches scam protection checklist for trustees
XPS Pensions Group has launched a scam protection checklist to assist trustees in meeting The Pensions Regulator’s (TPR) scam pledge initiative.
Five stories you may have missed this week
This week’s top stories included the rejection of an automatic guidance amendment in the Pension Schemes Bill, while The Pensions Regulator posted a sharp increase in the use of its powers.
Net-zero target should not be mandated as part of the Pension Schemes Bill, industry says
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 joins PSIG industry forum
Local Pension Partnership Administration (LPPA) has become the latest organisation to join the Pension Scams Industry Group (PSIG) forum.
Two-thirds of fund managers reduce investments in companies failing on diversity and inclusion
Two-thirds of UK fund managers are reducing investments in companies that fail on diversity and inclusion scores, according to a survey by Edelman.
CMI: Fourth consecutive week of increasing excess deaths
England and Wales have seen a fourth successive week of increasing excess death figures as the countries battle through the second wave of the coronavirus pandemic.
LGBT Great and Incisive Media unite to champion LGBT+ agenda in financial services
LGBT Great and Incisive Media are excited to announce they have signed a new and exclusive partnership to work together to accelerate progress of the LGBT+ agenda across the investment, pensions, wealth management and savings industry.
Seven Trustee Corporation directors accredited by PMI
Seven directors of the Trustee Corporation have been accredited under the Pensions Management Institute’s (PMI) Aptitude programme.
Pension Schemes Bill passes final stages of the House of Commons
The Pension Schemes Bill has completed its third reading, crossing its latest hurdle in the House of Commons.
Maps to create checklist to help over-50s affected by Covid-19 plan for future
The Money and Pensions Service (Maps) will develop a ‘later-life checklist’ to help over-50s who have been affected by Covid-19 and need to plan for their financial future.
Talk Money Week 2020: Comparative analysis of workplace pension providers vital
“Information asymmetry” is holding back workplace pensions despite a clear wealth of provider offerings to try and plug the problem, Benefits Guru says.
Five stories you may have missed this week
This week’s top stories included the launch of Scottish Widows’ ESG exclusions policy, while Deloitte acquired the admin and actuarial business of Kerr Henderson.
