What were the biggest pension stories this week?
The top stories were Aon Hewitt withdrawing its standalone pension administration service and Xafinity eyeing up acquisitions as it revealed plans to float on the LSE.
1) Aon Hewitt to withdraw standalone pension administration service
Aon Hewitt has announced it will no longer offer standalone pension administration services in the UK market.
2) Xafinity eyes acquisitions as it plans to float on LSE
Xafinity has announced it will float on the London Stock Exchange from 16 February in a bid to grow the business and "disrupt" the wider consultancy market.
3) Young firefighters lose pensions ruling at employment tribunal
The government did not discriminate against younger workers when it introduced transitional arrangements to the Firefighters Pension Scheme, an employment tribunal has ruled.
4) TPR's proposal to ban transfers to SSASs branded 'radical' and 'worrying'
The regulator's call to ban transfers to small self-administered schemes (SSASs) to help crack down on scams has received little support from the industry.
5) DWP outlines AE rules for post-staging employers
The Department for Work and Pensions (DWP) is consulting on a set of proposals for how new companies will engage with the auto-enrolment (AE) regime
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In this week's Pensions Buzz, we want to know whether you support the ruling that defined benefit (DB) trustees must equalise GMPs in past transfers.
Take fresh look at longevity assumptions as £130bn 'tied up' from optimism, PwC urges
More than £130bn of company funds are tied up in pension schemes specifically due to lower than expected levels of life expectancy improvements over the last decade, according to PwC.
XPS launches scam protection checklist for trustees
XPS Pensions Group has launched a scam protection checklist to assist trustees in meeting The Pensions Regulator’s (TPR) scam pledge initiative.
Five stories you may have missed this week
This week’s top stories included the rejection of an automatic guidance amendment in the Pension Schemes Bill, while The Pensions Regulator posted a sharp increase in the use of its powers.
Net-zero target should not be mandated as part of the Pension Schemes Bill, industry says
The majority of the pensions industry agrees an eventual net-zero target should not be mandated for schemes as part of the Pension Schemes Bill, according to a Professional Pensions poll.
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