Joe Dabrowski
TPR climate strategy targets trustee regulatory compliance
Guidance to help trustees comply with climate disclosure rules will also call on them to “act now” to protect pension savers from climate risk, The Pensions Regulator (TPR) says.
Industry working group formed to tackle small pension pots problem
An industry co-ordination group has been established to take forward the recommendations of the Department for Work and Pensions’ (DWP’s) small pension pots working group.
McCloud judgment proposed changes 'could take more than two years to implement'
The proposed changes from the McCloud judgment to Local Government Pension Scheme (LGPS) members could take more than two years to implement, according to the Pensions and Lifetime Savings Association (PLSA).
Embattled schemes welcome PPF levy cut approach
The Pension Protection Fund’s (PPF) new tapered approach to its risk-based levy could provide a crucial short-term lifeline for struggling schemes hard-hit by Covid-19, the industry says.
Industry backs climate risk disclosure proposals but raises implementation concerns
The industry has broadly backed proposals to require the largest schemes to publish climate risk disclosures but raised concerns about the workload of implementation as well as how to standardise the methodology used.
Reaction: TPR superfund guidance welcomed against cautious backdrop
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
Coronavirus crisis underscores urgent need for superfunds
As new figures from the Pension Protection Fund show the shortfall of final salary schemes in deficit grew to £256.4bn during April, Joe Dabrowski examines how the superfund structure could help…if only we had one.
Granularity is the key to cost transparency
As the first reports under the cost transparency templates become due, Charlotte Moore looks at how schemes and their consultants can use the data
Pensions experts anticipate swift consolidation of DB schemes
The number of defined benefit (DB) schemes will fall in the next decade as superfunds begin to strengthen, pension professionals believe.
Cost disclosure templates to launch mid-May
The Cost Transparency Initiative (CTI) has set out plans to launch the long-awaited cost disclosure templates for pension schemes in mid-May.
Why we should be pensions positive in 2019
Despite the gloom around Brexit and all the challenges facing pensions, there are plenty of reasons to be cheerful. Top industry commentators tell Stephanie Baxter why there is cause for optimism
UPDATE 2: ECJ rules PPF compensation must amount to 50% of members' benefits
A landmark ruling in the European Court of Justice means the PPF must now revisit how it calculates members' benefits. James Phillips explores the impact.
Investment and law firms worst for gender pay gap; Wellington reveals largest gap
Investment managers and law firms have ranked worst for the median pay gap between men and women among 85 firms involved in occupational pensions analysed by PP.
Why a revised DB funding code must not be too rigid
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach
PLSA: Superfunds will not let employers off the hook
Joe Dabrowski says superfunds will encourage employers to "step up" and pay more into schemes earlier than under existing arrangements.
PPF plans 10% levy cut; two-thirds of schemes could see reduction
The Pension Protection Fund (PPF) will seek to collect £550m in levies from the industry in the 2018/19 tax year, it has announced, down more than 10% from 2017/18.
PLSA: Regulation to boost governance focuses on wrong things
Good pension scheme governance relies on the skills, diversity and knowledge of the trustees, the Pensions and Lifetime Savings Association (PLSA) has argued.
Big reprieve for LGPS as regulator eases EU rules
The Financial Conduct Authority (FCA) has eased new rules for the Local Government Pension Scheme (LGPS) after concerns they could pose barriers to infrastructure investment and even cause an asset fire-sale.
Rising life expectancy among affluent men could put pressure on DB schemes
Life expectancy amongst affluent men is rising faster than any other group, according to analysis by the Pension and Lifetime Savings Association (PLSA) and Club Vita.
TPR should get powers to allow 'second-best' outcomes for members
The Pensions Regulator (TPR) should be allowed to alter scheme indexation and benefits to ensure members get at least "second-best" outcomes.
Regulator unveils investment guidance for DB trustees
The Pensions Regulator (TPR) has published a guide on investment for defined benefit (DB) trustees as the next stage of its campaign to raise governance standards.
How pension investment has evolved over the past two decades
The way schemes invest has changed dramatically over the past 20 years in response to a whole raft of challenges. Stephanie Baxter asks if they're in a better place now.
MiFID II: An EU curveball for LGPS pooling and infrastructure drive
EU rules downgrading local authority funds to retail investors is throwing up complications for pooling and infrastructure investment. The FCA must ensure pools are part of the solution, writes Stephanie Baxter
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