This week’s top stories include Capita missing the government’s deadline to deliver the terms of the Civil Service Pensions contract, British Coal appointing BlackRock for an £8bn FM brief, and concern that reforms to pensions and inheritance tax will not work.
1. Capita misses government's deadline to deliver full terms of CSP contract
Capita has officially missed the government's 30 June deadline to deliver the full terms of its Civil Service Pensions contract, the Public and Commercial Services trade union has said.
2. British Coal scheme appoints BlackRock for £8bn fiduciary management brief
The British Coal Staff Superannuation Scheme has appointed BlackRock as fiduciary manager.
3. Strong chance 'nightmare' IHT pension reforms will 'simply not work'
"Nightmare" reforms to pensions and inheritance tax risk not working in practice, former pensions minister Baroness Ros Altmann warns.
4. Pension schemes form working group to tackle dual-class share disclosure
A group of pension funds and other institutional investors have established an industry working group to develop guidance on disaggregated voting outcomes disclosure for companies with dual-class share structures.
5. Climate change becoming central factor in pension scheme member outcomes
Climate change is becoming a central factor in determining pension scheme member outcomes, the Society of Pension Professionals warns.
