This week’s top stories include the Universities Superannuation Scheme’s announcement of a delay to its valuation for 2020, while the government consulted on a proposal to force the largest schemes to publish their climate risk disclosures.
The publication date of the Universities Superannuation Scheme's 2020 valuation has been pushed back until September.
The government has put forward proposals to require the 100 largest occupational pension schemes - those with £5bn or more in assets and all authorised master trusts - to publish climate risk disclosures by the end of 2022.
The Hitachi UK Pension Scheme has agreed and completed a £275m buy-in deal with Legal & General covering the remaining benefits in the scheme.
The collapse of several long-established employers with large defined benefit schemes could vastly overtake calculations for a £20bn hit to the Pension Protection Fund, warns Lane Clark & Peacock.
The Pension Protection Fund and the Department for Work and Pensions will appeal court judgments relating to the way the lifeboat fund pays compensation.
Three quarters of pension schemes believe they will be ready to join the pensions dashboard if they have two years to prepare, the Pensions and Lifetime Savings Association (PLSA) finds.
Complaints filed with ActionFraud show a total of £30.8m has been lost to pension scammers in the last three years, say The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA).
The Financial Conduct Authority (FCA) is investigating 165 coronavirus-related scams, according to a freedom of information request (FOI) submitted by Parliament Street think tank’s cyber research team.
Extinction Rebellion protesters will rally outside the offices of two Somerset councils this week over the council pension scheme’s allocation to fossil fuels.
This week’s top stories included the launch of the #100blackinterns project, while the Siemens Benefits Scheme agreed a £530m buy-in with Legal & General.