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      Investment Conference

      This two part Investment Conference will bring you the latest updates from economists, asset managers and pension consultants. We will be taking a look at the outlook for the 2021 economy, alternatives, cashflow strategies and global equity markets to name a few, assessing how they fared through the volatility and what we can expect for the year ahead.

      • Date: 29 Jan 2021
      • Digital Conference
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      Webinar: What to put on your GMP Equalisation project roadmap for 2021

      This webinar will bring together views from actuaries, lawyers, administrators, trustees and data experts to look at the pragmatic, collaborative solutions that are open to schemes to solve the GMP equalisation challenges in 2021. It will assess the individual challenges schemes face with equalisations and provide some practical options that are available to resolve these issues.

      • Date: 02 Feb 2021
      • Webinar
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      Webinar: Will the world return to normal in 2021?

      In this webinar, PP editor Jonathan Stapleton will be joined by BMO’s chief economist Steven Bell and director of fiduciary management, Christy Jesudasan, alongside PTL trustee director Melanie Cusack and Isio’s head of fiduciary management oversight Paula Champion to discuss the significant impact of these themes on the pensions sector.

      • Date: 04 Feb 2021
      • Webinar
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      Webinar: Investing for the transition to net-zero

      Pension schemes are now facing increasing government, regulatory, and member demand to manage the financial risks associated with the anthropogenic consequences of the environmental crisis. But how best to manage this transition to net-zero? And, in the rush to invest in carbon friendly assets, are investors potentially missing out on potential returns generated by the transition theme, investing in assets that may not be carbon neutral but have the potential to significantly improve their environmental credentials over time. This webinar will discuss at the transition theme, look at the opportunity set available and ask how this can help schemes achieve superior returns while moving towards a net-zero portfolio.

      • Date: 11 Feb 2021
      • Webinar
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  • Whitepapers
    • How DC schemes can gain exposure to different asset classes in a low-return environment

      So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap,' ‘pension freedoms' or consultations around ‘value for money', says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).

      Download
      Pension freedoms three years on

      In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.

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Court of Appeal

Court of Appeal overturns 'wrong' block of £12bn Prudential annuity transfer to Rothesay
Court of Appeal overturns 'wrong' block of £12bn Prudential annuity transfer to Rothesay

The Court of Appeal has overturned a High Court ruling which blocked the transfer of a £12bn annuity book from Prudential, now M&G, to Rothesay.

  • Law and Regulation
  • 02 December 2020
Legal Review: Assessing PPF compensation
Legal Review: Assessing PPF compensation

The PPF's compensation regime has been subject to a number of court challenges. Jonathan Hazlett takes a look at the complexities involved

  • Law and Regulation
  • 07 October 2020
PPF and DWP seek appeal over Hampshire implementation
PPF and DWP seek appeal over Hampshire implementation

The Pension Protection Fund (PPF) and Department for Work and Pensions (DWP) will appeal court judgments relating to the way the lifeboat fund pays compensation.

  • Law and Regulation
  • 24 August 2020
ITV given six month deadline for Box Clever funding plan
ITV given six month deadline for Box Clever funding plan

The Pensions Regulator (TPR) has told ITV and four connected firms that they must deliver a future funding plan for the Box Clever Group Pension Scheme within six months.

  • Law and Regulation
  • 17 March 2020
Rothesay Life appeals High Court block on Prudential annuity transfer
Rothesay Life appeals High Court block on Prudential annuity transfer

Rothesay Life has lodged an appeal against the High Court’s decision to block the £12bn transfer of Prudential’s annuity book.

  • Law and Regulation
  • 27 September 2019
Court ruling 'raises the bar' for pensions rectification cases
Court ruling 'raises the bar' for pensions rectification cases

Pension schemes have been warned they may now face a more challenging legal test if they wish to fix drafting errors.

  • Law and Regulation
  • 20 August 2019
Public sector contractors to face 'real issues' following McCloud judgement
Public sector contractors to face 'real issues' following McCloud judgement

The changes likely to be required in public sector pension schemes following the McCloud judgement could have significant financial consequences for public sector outsourcing contractors, Aon says.

  • Defined Benefit
  • 31 July 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included the Financial Conduct Authority announcing it would carry out further investigations on defined benefit transfers.

  • Industry
  • 21 June 2019
Court of Appeal rejects ITV appeal against TPR in Box Clever case
Court of Appeal rejects ITV appeal against TPR in Box Clever case

The Court of Appeal has dismissed ITV's appeal against a financial support direction (FSD) issued by The Pensions Regulator (TPR) in a long-running case over the Box Clever Pension Scheme.

  • Law and Regulation
  • 20 June 2019
BIC scheme to recoup £5m from members after pre-97 increases annulled
BIC scheme to recoup £5m from members after pre-97 increases annulled

Nearly 30 years after an initial decision to grant increases to members, the Court of Appeal has invalidated the decision, reducing members' benefits. James Phillips reports

  • Law and Regulation
  • 13 May 2019
The pension court cases to watch in 2019
The pension court cases to watch in 2019

A groundhog year kicks off as many of 2018's biggest court cases return on appeal. James Phillips rounds up what trustees should keep an eye on.

  • Law and Regulation
  • 05 March 2019
Government faces £4bn extra annual pensions bill after age discrimination case
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.

  • Law and Regulation
  • 31 January 2019
BT loses second bid at indexation swap
BT loses second bid at indexation swap

BT has lost a Court of Appeal attempt to swap one section of its defined benefit (DB) pension schemes from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI).

  • Law and Regulation
  • 04 December 2018
APS trustees to take discretionary increase battle to Supreme Court
APS trustees to take discretionary increase battle to Supreme Court

Trustees of the Airways Pension Scheme (APS) have confirmed they will appeal to the Supreme Court over a recent Court of Appeal judgment striking down their ability to award discretionary increases.

  • Law and Regulation
  • 13 September 2018
Airways Pension Scheme defers appeal decision to September
Airways Pension Scheme defers appeal decision to September

Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.

  • Defined Benefit
  • 16 August 2018
EXCLUSIVE: BA members warn trustees to appeal judgment to avoid 'breaching trust'
EXCLUSIVE: BA members warn trustees to appeal judgment to avoid 'breaching trust'

Members of the Airways Pension Scheme (APS) have written to trustees demanding a meeting over why they have not yet decided whether to appeal the recent Court of Appeal judgment, PP can reveal.

  • Defined Benefit
  • 02 August 2018
National retirement income targets needed, say 75% of respondents
National retirement income targets needed, say 75% of respondents

An overwhelming majority of this week's Pensions Buzz respondents agreed with the Pensions and Lifetime Savings Association (PLSA) that national retirement income targets should be developed to help people understand how much to save for retirement.

  • Defined Contribution
  • 13 July 2018
BA Court of Appeal ruling may have far-reaching implications
BA Court of Appeal ruling may have far-reaching implications

Jonathan Stapleton says sponsors are likely to consider whether trustees can be challenged on their use of discretionary powers, following the British Airways ruling

  • Law and Regulation
  • 10 July 2018
BA judgment creates uncertainty over extent of trustee powers
BA judgment creates uncertainty over extent of trustee powers

Stephen Richards says the 'paymasters' principle is likely to be scrutinised closely in light of British Airways' landmark win in the Court of Appeal.

  • Law and Regulation
  • 09 July 2018
British Airways wins appeal against discretionary increases; trustees granted permission to appeal
British Airways wins appeal against discretionary increases; trustees granted permission to appeal

British Airways (BA) will not have to pay a £12m discretionary benefit its trustees had unilaterally granted, the Court of Appeal has ruled.

  • Law and Regulation
  • 05 July 2018
BA hearing - Day 2: Trustees 'little more than cyphers' if actions require employer consent
BA hearing - Day 2: Trustees 'little more than cyphers' if actions require employer consent

Trustees would have limited role in scheme governance if their duties simply include applying the employers' remuneration strategy and always seeking consent for other changes, the Court of Appeal has been told.

  • Law and Regulation
  • 03 May 2018
BA hearing - Day 1: Airways trustees put in 'invidious position of paymaster'
BA hearing - Day 1: Airways trustees put in 'invidious position of paymaster'

Concluding that the purpose of a pension scheme is not simply to apply the employer's preferred remuneration strategy would result in trustees becoming "paymaster", the Court of Appeal has been told.

  • Law and Regulation
  • 02 May 2018
What is the purpose of a pension scheme?
What is the purpose of a pension scheme?

British Airways and one of its schemes' trustees are set to argue over the purpose of a pension scheme, leading to an impactful judgment for DB pensions. James Phillips explores the issue

  • Law and Regulation
  • 20 April 2018
Where has the 'silly season' gone?
Where has the 'silly season' gone?

Jonathan Stapleton looks at this summer's developments in pensions regulation, and asks what has happened to the August lull.

  • Law and Regulation
  • 05 September 2017
123

Most read

L&G agrees £400m deal with own scheme
L&G agrees £400m deal with own scheme
Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
PLSA unveils six policy board appointments
PLSA unveils six policy board appointments
Boohoo acquisition of Debenhams leaves schemes with PPF
Boohoo acquisition of Debenhams leaves schemes with PPF
Think tank floats Aviva-backed lower income-focused retirement target framework
Think tank floats Aviva-backed lower income-focused retirement target framework
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