Lorna Blyth looks at how an amendment to the Pension Schemes Bill could force pension schemes to align their investment strategies with the Paris climate agreement.
This week’s top stories included amendments to the Pension Schemes Bill being passed by the House of Lords, while The Pensions Regulator revealed its intentions to tighten expectations on the industry with the release of its 2020/21 corporate plan.
Amendments to the Pension Schemes Bill passed by peers in the House of Lords last night will see a wide-ranging suite of reforms for the pensions industry draw another step closer.
The Money and Pensions Service (Maps) has started a six-week period of informal market engagement with potential suppliers of the digital architecture for the pensions dashboards.
With great power comes great responsibility, Vassos Vassou says, as he welcomes the Pension Schemes Bill’s drive to improve adviser accountability.
With the DB funding code set for a major revision at the same time as upgraded powers for the regulator, Paul McGlone says it is important to watch how these interact with each other.
Trustees face increasingly difficult issues around handling suspected pension scams. Matthew Swynnerton looks at how the Pension Schemes Bill might help.
Following the Competition and Marketing Authority's investigation, Nick Reeve looks at how trustees can prepare for the formal tender process required for the selection of fiduciary managers.
Guy Opperman says he will not slow down on aiming to implement “ambitious” programmes to tackle climate change while the government will also continue to intervene where it feels the industry is not doing enough.
Sackers has published its fourth guide for trustees on ESG and climate change-related risks, designed to help compliance with upcoming regulatory requirements.
Trustees and their advisers could be “criminalised for doing the right thing” and left “fearful of acting” if Pension Schemes Bill wording is not amended, the Joint Industry Forum (JIF) says.
The House of Lords has called for pension schemes to align their portfolios with the objectives of the Paris Climate Agreement.
Which? has called for urgent introduction of a comprehensive pensions dashboard after an investigation revealed how the current system leaves workers struggling to track down their retirement pots.
PTL managing director Richard Butcher has warned trustees could face jail under proposed pension schemes bill additions to the Pensions Act 2004.
Amendments to the pension schemes bill tabled in the House of Lords could hand the government “unprecedented” powers over schemes’ investment strategies, the Pensions and Lifetime Savings Association (PLSA) has warned.
The pension schemes bill heralds an era of tougher governance rules and strengthened member protections, bringing with it a lot of work for trustees, says Fuat Sami.
The pension schemes bill has passed its second reading in the House of Lords, despite questions over the breadth of government powers.
Pension providers must now be proactive and prepare their data in order to be ready for the pensions dashboard, Guy Opperman has warned.
The Pensions and Lifetime Savings Association (PLSA) has welcomed the reintroduction of the pension schemes bill, after the government reaffirmed the details in the reopening of parliament this week.
The Pensions Regulator (TPR) has welcomed the government’s latest update on the details of the pension schemes bill.
The pension schemes bill is set to boost income and protection for pension scheme members, says Guy Opperman, making 2020 a pivotal year for retirement savings.
Schemes must be aware of the proposed rules on reporting corporate events, or they could face a £1m fine, says Anne-Marie Winton.
Most of this week's 108 Pensions Buzz respondents agreed the pension schemes bill should be reintroduced in its exisiting form.