Industry
Women in Pensions Awards 2020: Virtual ceremony
Professional Pensions is delighted to confirm the Women in Pensions Awards 2020 will be presented at a virtual ceremony on 25 November.
Lifetime allowance to rise to £1.078m in line with 0.5% inflation
The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
UK pensions system flops in global rankings; Covid-19 puts flaws 'in sharp focus'
The UK has continued to struggle against its peers in an international analysis of pension systems due to continuing concerns over adequacy and sustainability.
Just one in six schemes report long-term covenant damage
Just one in six (16%) of schemes believe the Covid-19 pandemic has weakened their sponsor’s ability to support them in the long term, research by Willis Towers Watson finds.
Have your say: Should members be allowed to access their pension early to 'borrow' a deposit for buying a house?
In this latest Pensions Buzz we want to know whether you think savers should be allowed to access their pension early in order to buy a house.
Majority of asset managers do not assess gender diversity
Fewer than half of asset managers assess gender diversity as part of their investment analysis, latest research by Redington reveals.
Maps tasked with addressing 'urgent' wellbeing implications of Covid-19
Thirteen recommendations for the Money and Pensions Service (Maps) have been laid out in an independent report to address the “urgent” financial wellbeing implications of the coronavirus pandemic on Britons.
TPR launches discussion on 15-year corporate strategy; key focus on shift to DC
The Pensions Regulator (TPR) has launched its 15-year corporate strategy in the form of a discussion paper, revealing protecting the future financial wellbeing of savers will sit at the heart of its work.
Five stories you may have missed this week
This week’s top stories included a warning from Lincoln Pensions on the “triple whammy” faced by sponsor covenants, while MPs called for further input on the Pension Schemes Bill.
PP owner Incisive Media named B2B digital publisher of the year for a record fifth time
Incisive Media - the Covent Garden-based publisher of Professional Pensions – has won the AOP’s digital publisher of the year accolade for the fifth time in ten years.
Clara Pensions adds Wilton Re as additional capital partner
Wilton Re has made an investment in Clara Pensions to support the consolidator’s growth and development.
'Ludicrous' and 'ridiculous' idea for scam prevention minister slammed
A call for the government to consider handing responsibility for tackling pension scams to a specially appointed minister has faced backlash from PP readers.
PLSA puts forward seven proposals to overcome barriers to climate-aware investing
Data definitions, better stewardship, and increased education are central recommendations for overcoming the barriers to climate-aware investing, the Pensions and Lifetime Savings Association (PLSA) says.
Pensions industry 'can't compete' with 'ingenious' scammers
The pensions industry “can’t compete” with the “ingenuity” of scammers until industry jargon is removed and communications are simplified, according to industry experts.
Birthday honours for Mark Boyle and Sara Protheroe
Birthday honours have been awarded to pensions industry giants Mark Boyle and Sara Protheroe in recognition of their “outstanding achievements”.
Collaboration vital if pensions sector is to be instrumental in driving change on climate crisis
The whole pensions sector must collaborate if it is going to drive real change on climate issues, industry experts have warned.
London Borough of Hammersmith and Fulham to transfer pensions administration services following review
The London Borough of Hammersmith and Fulham is looking to transfer its pensions administration service to a new provider towards the end of 2021, following an independent review.
Consolidation leads five-year expected industry trends, PLSA finds
Consolidation across defined benefit (DB) and defined contribution (DC) schemes is the most-anticipated trend for the UK pensions industry over the next five years, the Pensions and Lifetime Savings Association (PLSA) has found.
Brexit still 'a significant concern' say schemes
Brexit remains a key area of concern for pension schemes as discussions over a potential trade deal with the EU continue to intensify, according to a PP poll.
Five stories you may have missed this week
This week’s top stories included the passing of the Pension Schemes Bill in the House of Commons at the second reading. Also, Willis Towers Watson claimed that collective defined contribution pensions could average significantly higher than either defined...
Smart launches in the US as Secure Act widens access to pensions
Smart has formally entered the American pensions market ahead of the launch of a record-keeping solution for pension equity plans in 2021.
Fund managers urged to ramp up climate risk data
XPS Pensions Group has called on fund managers to step up collection and management of climate risk data in order to get a true sense of the risk in their portfolios.
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