The sponsoring employers of the UK’s largest pension schemes may have to put an additional £40-£45bn into their schemes over the next decade, Lane Clark & Peacock (LCP) warns.
The Pensions and Lifetime Savings Association (PLSA) has called for amendments to the Pension Schemes Bill to ensure new regulatory powers do not unintentionally prevent schemes from taking action in members’ interests.
This week’s top stories included a warning from Lincoln Pensions on the “triple whammy” faced by sponsor covenants, while MPs called for further input on the Pension Schemes Bill.
The pensions industry is being given a fresh chance to feed into the Pension Schemes Bill as the Public Bill Committee launches a call for written evidence.
This week’s top stories included the passing of the Pension Schemes Bill in the House of Commons at the second reading. Also, Willis Towers Watson claimed that collective defined contribution pensions could average significantly higher than either defined...
The Pension Schemes Bill has been passed in the House of Commons at the second reading, laying the groundwork for its final approval.
Typical collective defined contribution (CDC) pensions would be expected to average 70% higher than either individual DC insured annuities, or 40% higher than pensions provided on average in defined benefit (DB) schemes, analysis from Willis Towers Watson...
Aviva has set a 2050 net-zero target for its own auto-enrolment (AE) default pension funds, and called on the government to make all AE default funds set the same goal.
This week’s top stories include findings from PwC that pensions schemes have been “shoehorned” into valuing liabilities against gilts, while Mercer launched a defined benefit master trust.
If authorities really want to stop scams, they ought to make it safe for trustees to refuse a transfer that shows red flags, says Margaret Snowdon
While the Pension Schemes Bill is continuing its route through the parliamentary process, there are still some loose ends to tie up - including section 107. Here, Richard Butcher, looks at what the implications of that clause could mean for DB schemes....
Warnings from pension companies to savers who are looking to transfer their pension somewhere that does not look right are often ignored, says Phoenix Group.
Jonathan Stapleton says the Pension Schemes Bill is the latest in a long line of well-meaning legislation that makes it more difficult for employers to offer good schemes to their staff
Complaints filed with ActionFraud show a total of £30.8m has been lost to pension scammers in the last three years, say The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA).
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.