Industry

This week’s top stories included the launch of Punter Southall’s defined benefit scheme consolidator, while The Pensions Regulator laid down three ‘gateway principles’ for superfund transfers.

Escalating standards for sole trustees will become a norm for reputable firms, even if they are voluntary, says Nigel Hill.

Sole trustees will be expected to assess whether to report to The Pensions Regulator (TPR) if they are removed, or resign, from an appointment because of sponsor’s actions.

Overall mortality remains in line with pre-coronavirus trends despite a recent increase in Covid-19 related deaths, according to the Continuous Mortality Investigation (CMI).

Aon has been re-appointed by the £400m ITN Pension Scheme to provide fiduciary management services.

XPS Pensions Group has posted a total revenue growth of 9% in the six months to 30 September 2020, its pre-close trading update shows.

Professional Pensions is delighted to confirm the Women in Pensions Awards 2020 will be presented at a virtual ceremony on 25 November.

The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.

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 (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.