Investment

FCA looking at "spirit of" rules

The dynamics of pension scheme cashflows change, and can change rapidly, David Fairs says.

Nearly of a quarter of pension schemes required to retender their fiduciary manager had not started the process as of last month, says XPS Pensions Group.

Turbulent markets damaged fiduciary managers’ ability to achieve client-specific objectives, says Isio, with none meeting the target.

The Universities and College Union (UCU) has accused Universities UK (UUK) of failing to come clean over the true impact of the Universities Superannuation Scheme (USS) pension proposals.

Industry feedback on the contentious ‘employer resources test’ (ERT) is unlikely to significantly shift The Pension Regulator’s (TPR) approach to issuing contribution notices, it says.

A court in the Netherlands has ruled that oil major Shell must cut CO2 emissions by 45% in a landmark climate case brought forward by seven activist groups, including Greenpeace.

Pension Insurance Corporation (PIC) will fund the development of a residential tower block of affordable housing in West London.

Professional Pensions rounds up some of the latest ESG and climate news from across the industry.

Defined benefit (DB) pension schemes must stay alive to heightening risks to funding from sponsor covenants, climate change and longevity experience, The Pensions Regulator (TPR) says.