This week’s top stories included amendments to the Pension Schemes Bill being passed by the House of Lords, while The Pensions Regulator revealed its intentions to tighten expectations on the industry with the release of its 2020/21 corporate plan.
Amendments to the Pension Schemes Bill passed by peers in the House of Lords last night will see a wide-ranging suits of reforms for the pensions industry draw another step closer.
The Pensions Regulator has said it will continue with its "clear, quick and though" approach to driving up standards across the pensions industry following the coronavirus pandemic.
The Pension Superfund has moved a step closer to completing its first deal with the official registration of the superfund as an occupational pension scheme by HM Revenue & Customs.
The Willis Pension Scheme has entered into a longevity swap transaction with Munich Re to manage longevity risk in relation to around £1bn of pension liabilities.
The IPC Media Pension Scheme has agreed a £290m buy-in with Rothesay Life, insuring benefits for around 500 pensioner members.
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The Association of Consulting Actuaries (ACA) has welcomed the Pensions Climate Risk Industry Group (PCRIG) and the Department for Work and Pensions’ (DWP) guidance on climate risk.
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More than a third of savers have taken some form of action relating to their pension during the national lockdown, according to research by Aviva.
XPS Pensions has revealed that the gap between pension obligations reported in companies’ accounts and the long-term funding strategies that drive cash demands is continuing to grow.