Professional Pensions www.professionalpensions.com Women in Pensions 2024: Last chance to nominate! <img alt="Women in Pensions 2024: Last chance to nominate!" src="https://www.professionalpensions.com/api/v1/wps/26c8bdc/7e5aa55a-16f0-4b4c-a8de-491f7602d2ff/4/PPWPA24-women-in-pensions-LOGO-STACKED-TM-185x114.jpg" /> <p><!--summary start--> Professional Pensions’ Women in Pensions Awards is returning this November and next week is the last chance to nominate. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/26c8bdc/7e5aa55a-16f0-4b4c-a8de-491f7602d2ff/4/PPWPA24-women-in-pensions-LOGO-STACKED-TM-185x114.jpg https://www.professionalpensions.com/news/4183574/women-pensions-2024-nominations-open https://www.professionalpensions.com/news/4183574/women-pensions-2024-nominations-open https://www.professionalpensions.com/news/4183574/women-pensions-2024-nominations-open Thu, 28 Mar 2024 11:22:24 +0000 PP DC Conference 2024: Register now! <img alt="PP DC Conference 2024: Register now!" src="https://www.professionalpensions.com/api/v1/wps/b451b0b/834f8014-21c5-45e9-96cc-bcf1a421f32c/3/Louise-Davey-DC-conference-185x114.jpg" /> <p><!--summary start--> Professional Pensions’ Defined Contribution Conference – our flagship DC event – is returning this year on Tuesday 25 June at etc.venues, St Paul’s in London. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/b451b0b/834f8014-21c5-45e9-96cc-bcf1a421f32c/3/Louise-Davey-DC-conference-185x114.jpg https://www.professionalpensions.com/news/4190869/pp-dc-conference-2024-register https://www.professionalpensions.com/news/4190869/pp-dc-conference-2024-register https://www.professionalpensions.com/news/4190869/pp-dc-conference-2024-register Thu, 28 Mar 2024 10:40:48 +0000 Professional Pensions: Stories of the week <img alt="Professional Pensions: Stories of the week " src="https://www.professionalpensions.com/api/v1/wps/553c300/a2a1f065-7a69-4285-83aa-10531ce4df5d/4/cup-of-tea-and-newspaper-iStock-886135352-185x114.jpg" /> <p><!--summary start--> This week’s top stories include the Department for Work and Pension publishing staging dates for dashboards connection, the Work and Pensions Committee publishing a report into defined benefit schemes and The Pension Regulator’s general code coming into effect. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/553c300/a2a1f065-7a69-4285-83aa-10531ce4df5d/4/cup-of-tea-and-newspaper-iStock-886135352-185x114.jpg https://www.professionalpensions.com/news/4190830/professional-pensions-stories https://www.professionalpensions.com/news/4190830/professional-pensions-stories https://www.professionalpensions.com/news/4190830/professional-pensions-stories Thu, 28 Mar 2024 10:17:47 +0000 Best and worst performing master trusts see 10% difference in returns <img alt="Best and worst performing master trusts see 10% difference in returns" src="https://www.professionalpensions.com/api/v1/wps/6ea0793/d3ea2991-6383-4866-a3aa-fd3b17cc55c8/0/Financial-performance-iStock-160179354-185x114.jpg" /> <p><!--summary start--> There was a 10% difference in returns between the best and the worst performing master trusts during 2023, a survey from Lane Clark & Peacock (LCP) reveals. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/6ea0793/d3ea2991-6383-4866-a3aa-fd3b17cc55c8/0/Financial-performance-iStock-160179354-185x114.jpg https://www.professionalpensions.com/news/4190818/best-worst-performing-master-trusts-difference-returns https://www.professionalpensions.com/news/4190818/best-worst-performing-master-trusts-difference-returns https://www.professionalpensions.com/news/4190818/best-worst-performing-master-trusts-difference-returns Thu, 28 Mar 2024 10:12:39 +0000 News Digest: Meet the woman on a mission to get pension money into UK start-ups <img alt="News Digest: Meet the woman on a mission to get pension money into UK start-ups" src="https://www.professionalpensions.com/api/v1/wps/fb7e9cf/5d716e6d-5e2e-4603-b40b-8d72000eda86/209/Financial-generic-155722622-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/fb7e9cf/5d716e6d-5e2e-4603-b40b-8d72000eda86/209/Financial-generic-155722622-185x114.jpg https://www.professionalpensions.com/news/4057232/live-blog-pensions-news-digest https://www.professionalpensions.com/news/4057232/live-blog-pensions-news-digest https://www.professionalpensions.com/news/4057232/live-blog-pensions-news-digest Thu, 28 Mar 2024 05:53:46 +0000 Trustee Senate Residential: Final places remaining <img alt=" Trustee Senate Residential: Final places remaining" src="https://www.professionalpensions.com/api/v1/wps/f370bab/ecde8bd0-482c-4db1-a42b-79db7a7f1231/0/vb1384900-Fanhams-Hall-Exclusive-Slider-Amy-Murrell-2018-171-185x114.jpg" /> <p><!--summary start--> There are now just a handful of spaces remaining at this year's Professional Pensions Trustee Senate Residential. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/f370bab/ecde8bd0-482c-4db1-a42b-79db7a7f1231/0/vb1384900-Fanhams-Hall-Exclusive-Slider-Amy-Murrell-2018-171-185x114.jpg https://www.professionalpensions.com/news/4190405/trustee-senate-residential-final-remaining https://www.professionalpensions.com/news/4190405/trustee-senate-residential-final-remaining https://www.professionalpensions.com/news/4190405/trustee-senate-residential-final-remaining Wed, 27 Mar 2024 14:43:35 +0000 Buzz: Should Waspi women be compensated for SPA communication failures? <img alt="Buzz: Should Waspi women be compensated for SPA communication failures?" src="https://www.professionalpensions.com/api/v1/wps/9f9196d/ffe26cc5-fc7b-473b-afff-5cffc3012252/0/Question-marks-iStock-1777707786-185x114.jpg" /> <p><!--summary start--> In this week’s Pensions Buzz, we want to know if you think Waspi women should be compensated for state pension age change communication failures? <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/9f9196d/ffe26cc5-fc7b-473b-afff-5cffc3012252/0/Question-marks-iStock-1777707786-185x114.jpg https://www.professionalpensions.com/news/4189978/buzz-waspi-women-compensated-spa-communication-failures https://www.professionalpensions.com/news/4189978/buzz-waspi-women-compensated-spa-communication-failures https://www.professionalpensions.com/news/4189978/buzz-waspi-women-compensated-spa-communication-failures Tue, 26 Mar 2024 15:27:25 +0000 Industry reacts to WPC report on DB schemes <img alt="Industry reacts to WPC report on DB schemes" src="https://www.professionalpensions.com/api/v1/wps/d5f72f6/425c9cf1-7b71-43cb-850c-094f53adb9b5/15/Parliament-185x114.jpg" /> <p><!--summary start--> The pension industry has welcomed the Work and Pensions Committee’s (WPC) report on defined benefit (DB) schemes, published today (26 March). <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/d5f72f6/425c9cf1-7b71-43cb-850c-094f53adb9b5/15/Parliament-185x114.jpg https://www.professionalpensions.com/news/4189945/industry-reacts-wpc-report-db-schemes https://www.professionalpensions.com/news/4189945/industry-reacts-wpc-report-db-schemes https://www.professionalpensions.com/news/4189945/industry-reacts-wpc-report-db-schemes Tue, 26 Mar 2024 15:02:42 +0000 IGG opens Edinburgh office as part of further regional expansion <img alt="IGG opens Edinburgh office as part of further regional expansion " src="https://www.professionalpensions.com/api/v1/wps/a42651a/9c488534-a0fa-479b-9639-8209ed85a54a/0/iStock-1339304612-185x114.jpg" /> <p><!--summary start--> Independent Governance Group (IGG) has opened a new office in central Edinburgh as part of its continued regional expansion. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/a42651a/9c488534-a0fa-479b-9639-8209ed85a54a/0/iStock-1339304612-185x114.jpg https://www.professionalpensions.com/news/4189887/igg-edinburgh-office-regional-expansion https://www.professionalpensions.com/news/4189887/igg-edinburgh-office-regional-expansion https://www.professionalpensions.com/news/4189887/igg-edinburgh-office-regional-expansion Tue, 26 Mar 2024 13:48:58 +0000 Good News Corner: LCP Foundation supports two charities with £140,000 <img alt="Good News Corner: LCP Foundation supports two charities with £140,000" src="https://www.professionalpensions.com/api/v1/wps/e81eaaf/cf948780-2d62-4f92-a72b-9896f25b88e0/0/iStock-1194025411-185x114.jpg" /> <p><!--summary start--> The Lane Clark & Peacock (LCP) Foundation has said it will commit a £140,000 grant to two charities over the next two years. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/e81eaaf/cf948780-2d62-4f92-a72b-9896f25b88e0/0/iStock-1194025411-185x114.jpg https://www.professionalpensions.com/news/4188885/news-corner-lcp-foundation-supports-charities-gbp140 https://www.professionalpensions.com/news/4188885/news-corner-lcp-foundation-supports-charities-gbp140 https://www.professionalpensions.com/news/4188885/news-corner-lcp-foundation-supports-charities-gbp140 Fri, 22 Mar 2024 15:45:37 +0000 Margaret Snowdon announced as keynote speaker at PP Live <img alt="Margaret Snowdon announced as keynote speaker at PP Live" src="https://www.professionalpensions.com/api/v1/wps/8317e1f/2ac70ddf-2444-4567-a9bd-ca84bb42768a/6/Margaret-Snowden-185x114.png" /> <p><!--summary start--> Margaret Snowdon has been announced as a keynote speaker at Professional Pensions Live on 22 May. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8317e1f/2ac70ddf-2444-4567-a9bd-ca84bb42768a/6/Margaret-Snowden-185x114.png https://www.professionalpensions.com/news/4188856/margaret-snowdon-announced-keynote-speaker-pp-live https://www.professionalpensions.com/news/4188856/margaret-snowdon-announced-keynote-speaker-pp-live https://www.professionalpensions.com/news/4188856/margaret-snowdon-announced-keynote-speaker-pp-live Fri, 22 Mar 2024 15:16:15 +0000 PPF publishes 2023 diversity pay gap report <img alt="PPF publishes 2023 diversity pay gap report " src="https://www.professionalpensions.com/api/v1/wps/ad1599e/3334237f-f13a-4a6d-85d9-33553e35545f/0/iStock-1434337731-185x114.jpg" /> <p><!--summary start--> The Pension Protection Fund (PPF) has published its 2023 diversity gap report which details its latest gender pay gap, ethnicity pay gap, and long-term health condition pay gap statistics. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/ad1599e/3334237f-f13a-4a6d-85d9-33553e35545f/0/iStock-1434337731-185x114.jpg https://www.professionalpensions.com/news/4188847/ppf-publishes-2023-diversity-pay-gap-report https://www.professionalpensions.com/news/4188847/ppf-publishes-2023-diversity-pay-gap-report https://www.professionalpensions.com/news/4188847/ppf-publishes-2023-diversity-pay-gap-report Fri, 22 Mar 2024 14:42:56 +0000 Professional Pensions: Stories of the week <img alt="Professional Pensions: Stories of the week " src="https://www.professionalpensions.com/api/v1/wps/c3968b8/aa23a87c-1499-4b08-9168-9d0151586755/1/Newspaper-coffee-iStock-801826878-185x114.jpg" /> <p><!--summary start--> This week’s top stories include HMRC publishing new regulations over the abolishment of the lifetime allowance, M&G announcing its third bulk annuity deal and the Parliamentary and Health Service Ombudsman’s investigation into the adverse impact of the change in state pension age for Waspi women. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/c3968b8/aa23a87c-1499-4b08-9168-9d0151586755/1/Newspaper-coffee-iStock-801826878-185x114.jpg https://www.professionalpensions.com/news/4188629/pensions-stories-week https://www.professionalpensions.com/news/4188629/pensions-stories-week https://www.professionalpensions.com/news/4188629/pensions-stories-week Fri, 22 Mar 2024 10:49:41 +0000 Phoenix Group and LV= publish annual results <img alt="Phoenix Group and LV= publish annual results" src="https://www.professionalpensions.com/api/v1/wps/8bdf112/6bbb759b-4917-4641-8bfb-3c94431eff57/1/iStock-1186133490-growth-roi-1-185x114.jpg" /> <p><!--summary start--> Phoenix Group and LV= have published their annual results – with both firms showing strong growth in operating profits during 2023. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8bdf112/6bbb759b-4917-4641-8bfb-3c94431eff57/1/iStock-1186133490-growth-roi-1-185x114.jpg https://www.professionalpensions.com/news/4188627/phoenix-group-lv-publish-annual-results https://www.professionalpensions.com/news/4188627/phoenix-group-lv-publish-annual-results https://www.professionalpensions.com/news/4188627/phoenix-group-lv-publish-annual-results Fri, 22 Mar 2024 10:46:25 +0000 Bank of England holds rates at 5.25% as MPC consensus grows <img alt="Bank of England holds rates at 5.25% as MPC consensus grows" src="https://www.professionalpensions.com/api/v1/wps/78b3a12/0e5b49f7-7043-4631-971f-df6719c6c703/24/bank-of-england1a-185x114.jpg" /> <p><!--summary start--> The Bank of England’s (BoE) Monetary Policy Committee (MPC) has decided to hold interest rates at the current 5.25% in its fifth consecutive move. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/78b3a12/0e5b49f7-7043-4631-971f-df6719c6c703/24/bank-of-england1a-185x114.jpg https://www.professionalpensions.com/news/4188190/bank-england-holds-rates-mpc-consensus-grows https://www.professionalpensions.com/news/4188190/bank-england-holds-rates-mpc-consensus-grows https://www.professionalpensions.com/news/4188190/bank-england-holds-rates-mpc-consensus-grows Thu, 21 Mar 2024 14:51:25 +0000 FCA publishes retirement income advice thematic review <img alt="FCA publishes retirement income advice thematic review" src="https://www.professionalpensions.com/api/v1/wps/c309fdd/9d1d4c1c-617e-4284-aea8-77e1200ba232/8/iStock-800974578-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has told chief executives of financial advice firms to review their retirement income advice processes following the conclusion of its thematic review. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/c309fdd/9d1d4c1c-617e-4284-aea8-77e1200ba232/8/iStock-800974578-185x114.jpg https://www.professionalpensions.com/news/4187575/fca-publishes-retirement-income-advice-thematic-review https://www.professionalpensions.com/news/4187575/fca-publishes-retirement-income-advice-thematic-review https://www.professionalpensions.com/news/4187575/fca-publishes-retirement-income-advice-thematic-review Wed, 20 Mar 2024 11:49:51 +0000 UK inflation beats expectations as it drops to 3.4% <img alt="UK inflation beats expectations as it drops to 3.4%" src="https://www.professionalpensions.com/api/v1/wps/5341d3b/1fac494f-fe41-4d57-80c1-628c561df2ac/7/decrease-185x114.jpg" /> <p><!--summary start--> The Consumer Prices Index (CPI) dropped to 3.4% in February, after stalling at 4% for two months, according to the Office for National Statistics (ONS). <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/5341d3b/1fac494f-fe41-4d57-80c1-628c561df2ac/7/decrease-185x114.jpg https://www.professionalpensions.com/news/4187494/uk-inflation-beats-expectations-drops https://www.professionalpensions.com/news/4187494/uk-inflation-beats-expectations-drops https://www.professionalpensions.com/news/4187494/uk-inflation-beats-expectations-drops Wed, 20 Mar 2024 09:49:21 +0000 Industry reflects on first decade of pension freedoms <img alt="Industry reflects on first decade of pension freedoms" src="https://www.professionalpensions.com/api/v1/wps/7c40dc8/e487f63b-eee4-408a-97a7-091b8e3aee69/0/Pension-payments-185x114.jpg" /> <p><!--summary start--> Defined contribution (DC) pension savers need better access to advice as the ten-year anniversary of pension freedoms rolls around, the industry says. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/7c40dc8/e487f63b-eee4-408a-97a7-091b8e3aee69/0/Pension-payments-185x114.jpg https://www.professionalpensions.com/news/4187165/industry-reflects-decade-pension-freedoms https://www.professionalpensions.com/news/4187165/industry-reflects-decade-pension-freedoms https://www.professionalpensions.com/news/4187165/industry-reflects-decade-pension-freedoms Tue, 19 Mar 2024 14:08:39 +0000 TPR: Trustees 'less diverse' than UK population but keen to improve <img alt="TPR: Trustees &#39;less diverse&#39; than UK population but keen to improve" src="https://www.professionalpensions.com/api/v1/wps/0cefdeb/5f1b5f18-92be-43eb-9e1e-a870309105e7/2/Diversity-and-inclusion-185x114.jpg" /> <p><!--summary start--> The trustee population is “less diverse than the overall population”, with the “typical trustee” likely to be a white man aged 45 or over, a survey from The Pensions Regulator (TPR) finds. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/0cefdeb/5f1b5f18-92be-43eb-9e1e-a870309105e7/2/Diversity-and-inclusion-185x114.jpg https://www.professionalpensions.com/news/4187161/tpr-trustees-diverse-uk-population-keen-improve https://www.professionalpensions.com/news/4187161/tpr-trustees-diverse-uk-population-keen-improve https://www.professionalpensions.com/news/4187161/tpr-trustees-diverse-uk-population-keen-improve Tue, 19 Mar 2024 14:05:08 +0000 Buzz: Does pension scam guidance need an urgent review? <img alt="Buzz: Does pension scam guidance need an urgent review? " src="https://www.professionalpensions.com/api/v1/wps/9a6df4f/6cb11e41-8f65-4e48-9e0e-de90a9e974dd/3/Question-marks-survey-iStock-1497949067-185x114.jpg" /> <p><!--summary start--> In this week’s Pensions Buzz, we want to know if you think the Department for Work and Pensions needs to take quicker action to review pension scam guidance and clear up confusion on how providers interpret the rules? <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/9a6df4f/6cb11e41-8f65-4e48-9e0e-de90a9e974dd/3/Question-marks-survey-iStock-1497949067-185x114.jpg https://www.professionalpensions.com/news/4186706/buzz-pension-scam-guidance-urgent-review https://www.professionalpensions.com/news/4186706/buzz-pension-scam-guidance-urgent-review https://www.professionalpensions.com/news/4186706/buzz-pension-scam-guidance-urgent-review Mon, 18 Mar 2024 14:15:55 +0000 Professional Pensions: Stories of the week <img alt="Professional Pensions: Stories of the week " src="https://www.professionalpensions.com/api/v1/wps/661e787/7da0cac4-644c-4f93-91df-8d21702a02d3/6/Newspaper-and-computer-and-coffee-iStock-625206764-185x114.jpg" /> <p><!--summary start--> This week’s top stories include Clara Pensions announcing an agreement for the second superfund deal for the Debenhams Retirement Scheme, Rothesay’s purchase of the Scottish Widows bulk annuity portfolio and HMRC publishing the surplus repayments order. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/661e787/7da0cac4-644c-4f93-91df-8d21702a02d3/6/Newspaper-and-computer-and-coffee-iStock-625206764-185x114.jpg https://www.professionalpensions.com/news/4185906/pensions-stories-week https://www.professionalpensions.com/news/4185906/pensions-stories-week https://www.professionalpensions.com/news/4185906/pensions-stories-week Fri, 15 Mar 2024 10:42:04 +0000 Good News Corner: PPF defeated by TPR in charity football showdown <img alt="Good News Corner: PPF defeated by TPR in charity football showdown" src="https://www.professionalpensions.com/api/v1/wps/4a725b2/2ace3509-d24f-46aa-83f1-32ec9a5d3648/0/The-Watchdogs-vs-The-Lifeboats-185x114.jpg" /> <p><!--summary start--> Two football teams from the world of pensions swapped their work attire for kits and boots to have a friendly kickabout for charity. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/4a725b2/2ace3509-d24f-46aa-83f1-32ec9a5d3648/0/The-Watchdogs-vs-The-Lifeboats-185x114.jpg https://www.professionalpensions.com/news/4185918/news-corner-ppf-defeated-tpr-charity-football-showdown https://www.professionalpensions.com/news/4185918/news-corner-ppf-defeated-tpr-charity-football-showdown https://www.professionalpensions.com/news/4185918/news-corner-ppf-defeated-tpr-charity-football-showdown Fri, 15 Mar 2024 10:39:40 +0000 TPR strike action called off <img alt="TPR strike action called off " src="https://www.professionalpensions.com/api/v1/wps/e296983/de6506ac-6ade-4661-bcfb-cc349e666ec0/3/strike-action-185x114.jpg" /> <p><!--summary start--> Strike action brought by Public and Commercial Services Union (PCS) members at The Pensions Regulator (TPR) has been suspended and staff are now back at work. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/e296983/de6506ac-6ade-4661-bcfb-cc349e666ec0/3/strike-action-185x114.jpg https://www.professionalpensions.com/news/4185124/tpr-strike-action-called https://www.professionalpensions.com/news/4185124/tpr-strike-action-called https://www.professionalpensions.com/news/4185124/tpr-strike-action-called Wed, 13 Mar 2024 15:53:10 +0000 FCA warns of pension adequacy challenges and looks to future of VfM <img alt="FCA warns of pension adequacy challenges and looks to future of VfM" src="https://www.professionalpensions.com/api/v1/wps/3766d6e/f5dddfbb-5beb-419e-9e8d-6e8f9b5456f2/1/RATHI-Nikhil-FCA-2020-edited-185x114.jpg" /> <p><!--summary start--> The pensions industry should prioritise engaging with the current challenges around adequacy, advice and better returns “without waiting for a perfect future solution”, a speech from the Financial Conduct Authority (FCA) has said. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/3766d6e/f5dddfbb-5beb-419e-9e8d-6e8f9b5456f2/1/RATHI-Nikhil-FCA-2020-edited-185x114.jpg https://www.professionalpensions.com/news/4185100/fca-warns-pension-adequacy-challenges-looks-future-vfm https://www.professionalpensions.com/news/4185100/fca-warns-pension-adequacy-challenges-looks-future-vfm https://www.professionalpensions.com/news/4185100/fca-warns-pension-adequacy-challenges-looks-future-vfm Wed, 13 Mar 2024 15:17:22 +0000 Rothesay buys Scottish Widows' £6bn bulk annuity portfolio <img alt="Rothesay buys Scottish Widows&#39; £6bn bulk annuity portfolio" src="https://www.professionalpensions.com/api/v1/wps/15e968f/c0015e0b-07a5-41cc-9926-7285ba56424d/4/handshake-business-iStock-1658480889-185x114.jpg" /> <p><!--summary start--> Rothesay has agreed to buy Scottish Widows’ bulk annuity portfolio from Lloyds Banking Group. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/15e968f/c0015e0b-07a5-41cc-9926-7285ba56424d/4/handshake-business-iStock-1658480889-185x114.jpg https://www.professionalpensions.com/news/4184933/rothesay-buys-scottish-widows-gbp6bn-bulk-annuity-portfolio https://www.professionalpensions.com/news/4184933/rothesay-buys-scottish-widows-gbp6bn-bulk-annuity-portfolio https://www.professionalpensions.com/news/4184933/rothesay-buys-scottish-widows-gbp6bn-bulk-annuity-portfolio Wed, 13 Mar 2024 11:57:36 +0000 Cautious optimism as UK GDP turns positive in January <img alt="Cautious optimism as UK GDP turns positive in January" src="https://www.professionalpensions.com/api/v1/wps/205b159/3455f63d-7b5b-44b5-ba51-b4e9b559a78c/9/UK-economy-185x114.jpg" /> <p><!--summary start--> Experts have expressed cautious optimism over the UK’s return to growth, with monthly GDP up 0.2% in January, although the three-month figure remains negative at 0.1%. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/205b159/3455f63d-7b5b-44b5-ba51-b4e9b559a78c/9/UK-economy-185x114.jpg https://www.professionalpensions.com/news/4184838/cautious-optimism-uk-gdp-positive-january https://www.professionalpensions.com/news/4184838/cautious-optimism-uk-gdp-positive-january https://www.professionalpensions.com/news/4184838/cautious-optimism-uk-gdp-positive-january Wed, 13 Mar 2024 10:55:00 +0000 'Era of consolidation is here', TPR says <img alt="&#39;Era of consolidation is here&#39;, TPR says" src="https://www.professionalpensions.com/api/v1/wps/5799f2c/4610032d-401b-4e56-bd60-9c4f8a8bde1f/0/Nausicaa-Delfas-185x114.jpg" /> <p><!--summary start--> The pensions industry is evolving towards a “moment of change” towards fewer, larger and better-run schemes, The Pensions Regulator (TPR) has said. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/5799f2c/4610032d-401b-4e56-bd60-9c4f8a8bde1f/0/Nausicaa-Delfas-185x114.jpg https://www.professionalpensions.com/news/4184890/era-consolidation-tpr https://www.professionalpensions.com/news/4184890/era-consolidation-tpr https://www.professionalpensions.com/news/4184890/era-consolidation-tpr Wed, 13 Mar 2024 10:50:26 +0000 Buzz: Which pension law would you most liked to see removed? <img alt="Buzz: Which pension law would you most liked to see removed? " src="https://www.professionalpensions.com/api/v1/wps/e71d822/aea696a3-4e19-42d9-9bbd-b292d8490e7b/13/Question-marks-iStock-1439546441-185x114.jpg" /> <p><!--summary start--> In this week’s Pensions Buzz, we want to know if you think the Department for Work and Pensions’ (DWP) decision to proceed with option 2 for general levy reform is the right way forward? <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/e71d822/aea696a3-4e19-42d9-9bbd-b292d8490e7b/13/Question-marks-iStock-1439546441-185x114.jpg https://www.professionalpensions.com/news/4184671/buzz-pension-law-most-liked-removed https://www.professionalpensions.com/news/4184671/buzz-pension-law-most-liked-removed https://www.professionalpensions.com/news/4184671/buzz-pension-law-most-liked-removed Tue, 12 Mar 2024 15:31:44 +0000 UK Pensions Awards 2024: Shortlists unveiled! <img alt="UK Pensions Awards 2024: Shortlists unveiled!" src="https://www.professionalpensions.com/api/v1/wps/63cc915/e1ed26e8-dd58-4414-bb9c-d3b9d090db30/6/PPUKPA24-uk-pensions-awards-2024-UKPA-logo-roi-1-185x114.jpg" /> <p><!--summary start--> Here they are. The finalist lists for the UK Pensions Awards 2024. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/63cc915/e1ed26e8-dd58-4414-bb9c-d3b9d090db30/6/PPUKPA24-uk-pensions-awards-2024-UKPA-logo-roi-1-185x114.jpg https://www.professionalpensions.com/news/4184482/uk-pensions-awards-2024-shortlists-unveiled https://www.professionalpensions.com/news/4184482/uk-pensions-awards-2024-shortlists-unveiled https://www.professionalpensions.com/news/4184482/uk-pensions-awards-2024-shortlists-unveiled Tue, 12 Mar 2024 10:23:39 +0000 Are sole trustees a blessing or a curse for hard-pressed schemes? <img alt="Are sole trustees a blessing or a curse for hard-pressed schemes?" src="https://www.professionalpensions.com/api/v1/wps/8e712db/011d8c9d-d2bc-4c28-a0ef-749fbda148e3/6/iStock-1284412402-feedback-good-bad-185x114.jpg" /> <p><!--summary start--> The rise and rise of the sole trustee is a phenomenon. Now at the helm of one in five pension schemes, a corporate sole trustee sits in the place of a traditional trustee board. Often they replace ageing lay or member-nominated trustees, whose number has dropped by over half (53%) in five years. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8e712db/011d8c9d-d2bc-4c28-a0ef-749fbda148e3/6/iStock-1284412402-feedback-good-bad-185x114.jpg https://www.professionalpensions.com/feature/4184051/sole-trustees-blessing-curse-hard-pressed-schemes https://www.professionalpensions.com/feature/4184051/sole-trustees-blessing-curse-hard-pressed-schemes https://www.professionalpensions.com/feature/4184051/sole-trustees-blessing-curse-hard-pressed-schemes Mon, 11 Mar 2024 11:12:30 +0000 Royal London looks to roll out digital platform for pensions business <img alt="Royal London looks to roll out digital platform for pensions business" src="https://www.professionalpensions.com/api/v1/wps/4d8c606/b5d44400-1a5f-4954-8f54-ea9ca3814666/2/Barry-image-NEW-FROM-2023-185x114.jpg" /> <p><!--summary start--> Royal London is rolling out new technology it says is “significantly superior” to its competitors, according to group chief executive Barry O'Dwyer. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/4d8c606/b5d44400-1a5f-4954-8f54-ea9ca3814666/2/Barry-image-NEW-FROM-2023-185x114.jpg https://www.professionalpensions.com/news/4183711/royal-london-looks-roll-digital-platform-pensions-business https://www.professionalpensions.com/news/4183711/royal-london-looks-roll-digital-platform-pensions-business https://www.professionalpensions.com/news/4183711/royal-london-looks-roll-digital-platform-pensions-business Fri, 8 Mar 2024 14:55:41 +0000 IWD: Industry highlights importance of mentorship <img alt="IWD: Industry highlights importance of mentorship" src="https://www.professionalpensions.com/api/v1/wps/5697de2/fd072905-670f-4430-8d57-84321084e885/4/IWDThePensionChapter-118-185x114.jpg" /> <p><!--summary start--> The Pension Chapter of The Female Forum has celebrated International Women’s Day this week in its latest event for pension professionals. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/5697de2/fd072905-670f-4430-8d57-84321084e885/4/IWDThePensionChapter-118-185x114.jpg https://www.professionalpensions.com/news/4183595/iwd-industry-highlights-importance-mentorship https://www.professionalpensions.com/news/4183595/iwd-industry-highlights-importance-mentorship https://www.professionalpensions.com/news/4183595/iwd-industry-highlights-importance-mentorship Fri, 8 Mar 2024 11:39:17 +0000 Professional Pensions: Stories of the week <img alt="Professional Pensions: Stories of the week " src="https://www.professionalpensions.com/api/v1/wps/8e5f4e6/462fecbd-9e7a-4867-8d36-a6e273887124/6/Newspaper-top-stories-coffee-iStock-1270692934-185x114.jpg" /> <p><!--summary start--> This week’s top stories include Spring Budget announcements, the Department for Work and Pensions’ response to the general levy consultation, and The Pensions Regulator consulting on defined benefit scheme statements of strategy. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8e5f4e6/462fecbd-9e7a-4867-8d36-a6e273887124/6/Newspaper-top-stories-coffee-iStock-1270692934-185x114.jpg https://www.professionalpensions.com/news/4183545/pensions-stories-week https://www.professionalpensions.com/news/4183545/pensions-stories-week https://www.professionalpensions.com/news/4183545/pensions-stories-week Fri, 8 Mar 2024 10:58:03 +0000 LPFA publishes net-zero progress report <img alt="LPFA publishes net-zero progress report " src="https://www.professionalpensions.com/api/v1/wps/59206dd/8378a4ed-d1a0-4014-be1c-705cb596ca98/1/Net-zero-iStock-1474783469-185x114.jpg" /> <p><!--summary start--> The London Pensions Fund Authority (LPFA) has published a report outlining progress towards its net-zero targets. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/59206dd/8378a4ed-d1a0-4014-be1c-705cb596ca98/1/Net-zero-iStock-1474783469-185x114.jpg https://www.professionalpensions.com/news/4183136/lpfa-publishes-net-zero-progress-report https://www.professionalpensions.com/news/4183136/lpfa-publishes-net-zero-progress-report https://www.professionalpensions.com/news/4183136/lpfa-publishes-net-zero-progress-report Thu, 7 Mar 2024 14:23:52 +0000 Aviva operating profit up 9% for FY23 <img alt="Aviva operating profit up 9% for FY23" src="https://www.professionalpensions.com/api/v1/wps/8a5b8bd/930ae27d-0ecb-4e8d-8625-1acaa34f37cf/3/Amanda-Blanc-185x114.jpg" /> <p><!--summary start--> Aviva has posted strong results across its retirement and bulk purchase annuity (BPA) businesses in its FY23 results posted today (7 March), with operating profits up 9% to £1.47bn. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/8a5b8bd/930ae27d-0ecb-4e8d-8625-1acaa34f37cf/3/Amanda-Blanc-185x114.jpg https://www.professionalpensions.com/news/4182956/aviva-operating-profit-fy23 https://www.professionalpensions.com/news/4182956/aviva-operating-profit-fy23 https://www.professionalpensions.com/news/4182956/aviva-operating-profit-fy23 Thu, 7 Mar 2024 10:43:22 +0000 Schroders and IGC awarded £250m as part of LIFTS initiative <img alt="Schroders and IGC awarded £250m as part of LIFTS initiative" src="https://www.professionalpensions.com/api/v1/wps/46ff779/d904e796-4b25-40ba-8587-74bcc878e677/0/iStock-1828504104-185x114.jpg" /> <p><!--summary start--> The British Business Bank (BBB) has awarded Schroders Capital and Intermediate Capital Group (ICG) a total of £250m under the Long-Term Investment for Technology and Science (LIFTS) initiative. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/46ff779/d904e796-4b25-40ba-8587-74bcc878e677/0/iStock-1828504104-185x114.jpg https://www.professionalpensions.com/news/4182947/schroders-igc-awarded-gbp250m-lifts-initiative https://www.professionalpensions.com/news/4182947/schroders-igc-awarded-gbp250m-lifts-initiative https://www.professionalpensions.com/news/4182947/schroders-igc-awarded-gbp250m-lifts-initiative Thu, 7 Mar 2024 10:36:36 +0000 Spring Budget 24: Industry responds to pot for life and VfM measures <img alt="Spring Budget 24: Industry responds to pot for life and VfM measures" src="https://www.professionalpensions.com/api/v1/wps/2703f89/87625ea4-0e9f-4f35-a88c-fd5bade56818/8/Case-on-table-185x114.jpg" /> <p><!--summary start--> The industry has responded to chancellor Jeremy Hunt’s announcements on confirming a requirement for defined contribution (DC) and Local Government Pension Schemes (LGPS) to disclose the level of investments in the UK. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/2703f89/87625ea4-0e9f-4f35-a88c-fd5bade56818/8/Case-on-table-185x114.jpg https://www.professionalpensions.com/news/4182581/spring-budget-industry-responds-pot-life-vfm-measures https://www.professionalpensions.com/news/4182581/spring-budget-industry-responds-pot-life-vfm-measures https://www.professionalpensions.com/news/4182581/spring-budget-industry-responds-pot-life-vfm-measures Wed, 6 Mar 2024 16:13:15 +0000 Spring Budget 24: Monitoring framework for Mansion House Compact announced <img alt="Spring Budget 24: Monitoring framework for Mansion House Compact announced" src="https://www.professionalpensions.com/api/v1/wps/5e227e3/61fca6ad-f607-4023-b200-c95ca19ce1a0/3/iStock-183432817-185x114.jpg" /> <p><!--summary start--> The government is working with the Association of British Insurers to finalise a framework for monitoring progress on the Mansion House Compact. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/5e227e3/61fca6ad-f607-4023-b200-c95ca19ce1a0/3/iStock-183432817-185x114.jpg https://www.professionalpensions.com/news/4182452/spring-budget-monitoring-framework-mansion-house-compact-announced https://www.professionalpensions.com/news/4182452/spring-budget-monitoring-framework-mansion-house-compact-announced https://www.professionalpensions.com/news/4182452/spring-budget-monitoring-framework-mansion-house-compact-announced Wed, 6 Mar 2024 14:14:57 +0000 Spring Budget 24: Chancellor confirms DC and LGPS investment disclosure plans <img alt="Spring Budget 24: Chancellor confirms DC and LGPS investment disclosure plans" src="https://www.professionalpensions.com/api/v1/wps/64f28f8/cf42c9ca-16ff-497f-9fc3-2367ee81ecbf/4/Hunt-walking-185x114.jpg" /> <p><!--summary start--> Chancellor Jeremy Hunt has reaffirmed the government’s intention to compel defined contribution (DC) schemes as well as Local Government Pension Schemes to disclose their level of investment in UK equities. <!--summary end--></p> https://www.professionalpensions.com/api/v1/wps/64f28f8/cf42c9ca-16ff-497f-9fc3-2367ee81ecbf/4/Hunt-walking-185x114.jpg https://www.professionalpensions.com/news/4182400/spring-budget-chancellor-confirms-dc-lgps-investment-disclosure-plans https://www.professionalpensions.com/news/4182400/spring-budget-chancellor-confirms-dc-lgps-investment-disclosure-plans https://www.professionalpensions.com/news/4182400/spring-budget-chancellor-confirms-dc-lgps-investment-disclosure-plans Wed, 6 Mar 2024 13:33:18 +0000