Government faces £4bn extra annual pensions bill after age discrimination case
The government will pause planned changes to public sector pensions as it faces an estimated £4bn annual bill after losing a legal battle last year.
It follows 2015 pension changes which meant younger firefighters and judges were moved to new, less generous pension schemes, while older workers were able to stay in their existing schemes. This prompted...
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UPDATE: DWP outlines climate risk mitigation expectations to TPR
The Department for Work and Pensions (DWP) has called on The Pensions Regulator (TPR) to deepen its research on its planned regulatory approach to tackling climate-related risks and how it would manage any opportunities from climate change.
The real concerns about the transition to CPIH
The transition from RPI to CPIH could have a significant impact on pension funds. However, as Con Keating says, the real challenges of this shift may come from an unexpected area.
Guy Opperman reappointed as pensions minister following cabinet reshuffle
Guy Opperman has held onto his role as minister for pensions and financial inclusion after an action-packed cabinet reshuffle yesterday.
Henry Tapper: Why do we need two accreditation regimes for professional trustees?
As both the APPT and PMI launch accreditation regimes for professional trustees, Henry Tapper asks if you are a Betamax or VHS Trustee?
Inflation hedging strong despite RPI uncertainty
Levels of inflation hedging remain strong despite there being no clarity on the outcomes of potential retail price index (RPI) reform, BMO Global Asset Management says.
