data
Pensions dashboard data standards published; Opperman urges providers to prepare data
The Pensions Dashboard Programme (PDP) has published key data standards which will underpin the initial technology used to allow savers to view their pensions.
UPDATED: The UK's biggest pension consulting firms by revenue
PP has analysed the accounts of the biggest pension consulting firms and recorded the turnover (revenue) in their most recent accounts. The full leaderboard is below…
Introducing the Maslow-style hierarchy of data-enabled communication
Karen Quinn and Rhys Williams explain how data can be used to improve pension scheme engagement.
Data quality is pensions dashboard's 'weakest link'
The quality and availability of data is the “weakest link” for the pensions dashboard, according to the Society of Pension Professionals (SPP).
Widespread concern over complexity and cost of GMP equalisation, finds ACA
Employers are increasingly concerned about the costs and complexity associated with equalising guaranteed minimum pensions (GMPs), according to the Association of Consulting Actuaries (ACA).
Schemes with poor record keeping should receive harsher punishments
Schemes with poor record keeping should be handed harsher punishments, say the majority of this week’s 83 Pensions Buzz respondents.
GMP Equalisation Working Group publishes methodology guidance
The cross-industry GMP Equalisation Working Group has published guidance outlining methods schemes could use to equalise for the sex based inequalities of GMPs.
DC schemes not aligned with member values but ESG shift could boost contributions by £1.2bn a year
Over three quarters (78%) of defined contribution (DC) members feel their pension scheme is not aligned with their values, latest research by Franklin Templeton shows.
GMP equalisation now top priority for schemes
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Defined Contribution Conference: Register now
Professional Pensions is holding its defined contribution (DC) conference on 4 September.
Revealed: The top five third-party administrators and software providers in 2019
This year's survey reveals how schemes assess the efficiency of TPAs and ranks the key providers. Holly Roach reports
GMP equalisation working group forms five sub-committees to draft guidance and drive progress
The industry-wide GMP equalisation group has created five sub-committees to each work on a key component of the guidance. Holly Roach reports
Trustee boards should prioritise industry data issues
Trustee boards are not focusing enough on data issues despite the bad effect poor data can have on members, according to a PMI roundtable in May. Holly Roach reports
Delivering best-of-breed administration
Girish Menezes says there is a tried and tested solution already available in the market, and it is time for the rest of the industry to follow.
HMRC delays crucial GMP data until end of year
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
PASA releases first round of data guidance
The Pensions Administration Standards Association (PASA) has launched its first round of guidance to help administrators, trustees and employers assess the quality of their data.
Cost transparency: Where are we a year on?
The transaction cost disclosure regulations have been in place for a year. Jon Parker says while there has been progress in obtaining data, there is a still a long way to go.
PPF 7800 index hits highest funding level since 2011
The combined defined benefit (DB) funding level increased to 97.7% at the end of September, according to the Pension Protection Fund's (PPF) latest update.
European investors 'ahead of the curve' in sustainable investing
Schroders survey reveals sustainable investment activity is highest among European investors. Kim Kaveh explores the research.
FTSE 100 pension schemes slip back into deficit
The UK's 100 largest listed companies saw their combined defined benefit (DB) funding level fall by 80 basis points during August, according to JLT Employee Benefits.
PPF index: DB deficit falls 27% to £62.8bn
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Exclusive: Views of online state pension forecasts grow to 8 million; 36% growth over past year
Around eight million state pension forecasts have been viewed online since the digital service was launched in February 2016, Professional Pensions analysis reveals.
Bulk annuity market in record-breaking first half
Around £8bn of buy-ins and buyouts were completed in the first half of this year, writing the highest volume of deals of any first half to date.
FTSE 350 DB deficits fall to 17% of pre-tax profits
Pension deficits at the UK's 350 largest listed companies fell by £27bn over the 18 months to June on an accounting basis, according to Barnett Waddingham.
