Five stories you may have missed this week

CDC and TCFD regulations were the biggest stories for Professional Pensions readers this week

Jonathan Stapleton
clock • 1 min read

The PP editorial team rounds up the best read articles on professionalpensions.com during the week between 3-9 July 2021.

1)Draft CDC regulations expected within a fortnight

Collective defined contribution schemes could be open soon as draft regulations to enable the scheme type are expected to be published this month.

2)TPR details £2,500 mandatory fines for TCFD failures

The Pensions Regulator has warned of fines of at least £2,500, but rising up to £50,000, for failing to comply with upcoming climate risk disclosure regulations.

3) Commonwealth Bank of Australia agrees £420m buy-in

The Commonwealth Bank of Australia (UK) Staff Benefits Scheme has agreed a circa £420m full-scheme buy-in with Legal & General Assurance Society.

4)Emma Douglas named as next PLSA chair

Emma Douglas has been confirmed as the next chair of the Pensions and Lifetime Savings Association (PLSA), taking over from Richard Butcher whose four-year term ends in October.

5)Revealed: The disparity in DC default value added

Dean Wetton Advisory analysis has revealed a £2,923 value gap in first quarter DC default performance.

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