Five stories you might have missed: TPR's integrated risk management; JLT hires Boniface; barriers to buyout
The biggest stories on PP this week include AMNT launching its red lines initiative to give trustees more voting power and HSBC slashing 'pension' payouts for top executives. Here are the top five
1) JLT Employee Benefits appoints executive director to support expansion Martin Boniface has been made executive director at JLT Employee Benefits and will be responsible for running the trustee and...
More on DB Buyouts
PensionBee launches flexible offering for self-employed
Online provider Pension Bee has created a flexible pension for self-employed savers, allowing them to make contributions according to their income.
TPR's long-term funding approach 'will put extra financial pressure' on scheme sponsors
The Pensions Regulator’s (TPR) long-term funding approach will put extra financial pressure on UK pension scheme sponsors, according to Aon.
Two-thirds 'sleepwalking' into retirement and will run out of pension in their 80s
Older savers are at risk of running out of their defined contribution (DC) pension savings with a third of their retirement still ahead, according to research by The People’s Pension and State Street Global Advisors.
Employee DC contributions drop by 11% amid pandemic pressures
Defined contribution (DC) contributions were scaled back by 11% in the second quarter of 2020 as the impact of the pandemic set in, according to the Office for National Statistics (ONS).
DB funding - December 2020: Deficit up £76bn over 2020, says PPF
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the December 2020 estimates on the various measures…
