Industry

The first virtual event of PP’s DeskFlix series took place on 23 June

This week’s top stories included The Pension Regulator’s launch of interim guidance for the superfund market, while the regulator also extended Covid-19 easements and resumed some reporting requirements.

The Financial Times has reported that Rishi Sunak is preparing to break the Conservative party’s “triple lock” state pension pledge, amid Treasury fears that the policy could become unaffordable because of the fallout from the coronavirus crisis.

While the latest guidance from The Pensions Regulator (TPR) provides more relief for providers, trustees are not yet able to cope with the demands of meeting its expectations, the industry says.

There were 4% more deaths registered in week 23 of 2020 than if death rates had been the same this time last year, down from 17% last week, according to the Continuous Mortality Investigation (CMI).

IC Select has launched a three-tiered solution to help trustees required to retender for their fiduciary management provider by 10 June next year.

The Money and Pensions Service (Maps) has a “critical role to play” in the UK’s economic recovery from coronavirus, it says in a ten-year corporate plan released today.

Urgent pension reforms should be undertaken to give the UK fewer and larger pension funds with the scale required to make major infrastructure investments, a think-tank says.

As Covid-19 hampers efforts for professional trustees to complete necessary exams, Brian Spence defends the use of provisional accreditation.