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      Webinar: Using passion for ESG to unleash member engagement

      This webinar will look at how pension schemes can harness their members’ interest in ESG to engage them more broadly with their pensions. In particular, it will look at exclusive research showing how members are reacting to ESG; their propensity to act versus their actual behaviour; and the expectations they have of providers in this regard.

      • Date: 26 Jan 2021
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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: 27 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
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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).

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      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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pension transfers

Member outcomes improve as transfers increase; but concern for the future remains
Member outcomes improve as transfers increase; but concern for the future remains

Outcomes have improved for scheme members choosing to transfer, according to research by XPS Pensions.

  • Industry
  • 08 July 2020
Plans for transfer rules undermine freedoms
Plans for transfer rules undermine freedoms

Requiring pension freedoms users to transfer their funds into a workplace pension scheme could damage savings further, says Baroness Ros Altmann.

  • Defined Contribution
  • 24 September 2019
Star: Defining and demonstrating transfer excellence
Star: Defining and demonstrating transfer excellence

Schemes already face a legislative requirement to carry out transfers promptly and efficiently, so they should voluntarily get on board with the industry-developed solution, says Tom McPhail

  • Law and Regulation
  • 12 September 2019
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories include Amber Rudd remaining as work and pensions secretary, and the regulator carrying out seven criminal investigations into potential scams.

  • Industry
  • 26 July 2019
Pension transfers pass £60bn mark
Pension transfers pass £60bn mark

Pension transfers have passed the £60bn mark as more than a third of a million people access their defined benefit (DB) pots, a Freedom of Information (FOI) request has revealed.

  • Defined Benefit
  • 24 July 2019
Hargreaves Lansdown still slowest on pension transfers - Origo
Hargreaves Lansdown still slowest on pension transfers - Origo

Hargreaves Lansdown and Liberty SIPP have again been named as the slowest two providers to move pensions through Origo's Transfer Service.

  • Defined Benefit
  • 19 July 2019
British Steel adviser now linked to Trinity Mirror pension scheme members
British Steel adviser now linked to Trinity Mirror pension scheme members

British Steel financial adviser and former managing director of Active Wealth UK Darren Reynolds advised a group of people from the Trinity Mirror pension scheme to transfer out of their defined benefit (DB) pensions.

  • Defined Benefit
  • 09 May 2019
95% of JLT's pension clients now quoting transfer values allowing for GMP equalisation
95% of JLT's pension clients now quoting transfer values allowing for GMP equalisation

The vast majority of JLT Employee Benefits' clients have moved to the new equalised basis since the consultancy enabled pension schemes to calculate transfer values to allow for guaranteed minimum pension (GMP) equalisation.

  • Admin / Technology
  • 25 March 2019
DB transfers face transfer validation challenge following FCA register overhaul
DB transfers face transfer validation challenge following FCA register overhaul

The year-long gap between advisers falling off the FCA register and being included on the new directory could raise significant challenges for advised defined benefit (DB) pension transfers for a 12-month period.

  • Law and Regulation
  • 13 March 2019
Don't suspend pension transfer activity in the wake of GMP ruling, says industry
Don't suspend pension transfer activity in the wake of GMP ruling, says industry

Trustees should not suspend DB to DC pension transfer activity following the recent GMP equalisation ruling, say this week's Pensions Buzz respondents.

  • Industry
  • 30 November 2018
TPO finds Northumbria Police Authority guilty of maladministration; Gives 'new hope' to scam victims
TPO finds Northumbria Police Authority guilty of maladministration; Gives 'new hope' to scam victims

A ruling by The Pensions Ombudsman (TPO) could mean past victims get redress if it finds trustees failed to alert members to pension transfer risks or did not perform mandatory checks.

  • Law and Regulation
  • 06 August 2018
Have your say: Will TPR's resource boost be adequate to take more forceful action against flagging schemes?
Have your say: Will TPR's resource boost be adequate to take more forceful action against flagging schemes?

In this week's Pensions Buzz, we want to know if you think whether the regulator significantly boosting its staff for more visible and forceful action against flagging schemes will be enough, and whether it is focusing too much on the protection of DB...

  • Industry
  • 15 May 2018
Transfer values stay steady over November
Transfer values stay steady over November

The estimated transfer value quote for the average defined benefit (DB) member stayed fairly stable over November, according to Xafinity.

  • Defined Benefit
  • 11 December 2017
How the first automated bulk scheme transfers happened
How the first automated bulk scheme transfers happened

Scottish Widows and Standard Life recently completed the industry's first two automated bulk transfers of occupational schemes. Michael Klimes examines how automation reduces risks

  • Admin / Technology
  • 25 October 2017
Field: USS deficit and transfer advice should be areas of concern for WPC
Field: USS deficit and transfer advice should be areas of concern for WPC

Frank Field MP has said the £12.6bn deficit at the Universities Superannuation Scheme (USS) and the transfer advice individuals receive are topics which demand closer scrutiny.

  • Law and Regulation
  • 23 August 2017
Cold calling ban: Govt urged to clarify final rules and rollout
Cold calling ban: Govt urged to clarify final rules and rollout

The government's proposals to clamp down on pensions cold calling are still lacking in detail and it needs to be much clearer about how they will be introduced, says the industry.

  • Industry
  • 22 August 2017
Five stories you may have missed this week
Five stories you may have missed this week

This week's top stories included Tom McPhail calling on occupational pension schemes to get involved in a working group attempting to reduce delays in transfers.

  • Industry
  • 11 August 2017
Origo calls for industry standards to speed up DB transfer process
Origo calls for industry standards to speed up DB transfer process

Has had 'positive' dialogue with FCA

  • Defined Benefit
  • 10 August 2017
How a rise in transfer quote requests can result in extra admin fees
How a rise in transfer quote requests can result in extra admin fees

The sharp increase in transfer requests since the freedoms could breach activity triggers and incur extra transactional fees for some schemes, writes Michael Klimes

  • Admin / Technology
  • 08 August 2017
Occupational pensions worst for transfer delays yet failing to help find solutions
Occupational pensions worst for transfer delays yet failing to help find solutions

Occupational schemes and their administrators are lagging behind in their involvement in an industry-wide discussion on slashing transfer delays, Tom McPhail has said.

  • Law and Regulation
  • 08 August 2017
How will FCA's overhaul of transfer rules impact pensions?
How will FCA's overhaul of transfer rules impact pensions?

Proposals to modernise processes around transfers have received support but miss some key points, writes Michael Klimes

  • Law and Regulation
  • 26 June 2017
FCA proposes changes to advice on pension transfers
FCA proposes changes to advice on pension transfers

Transfer value analysis should be replaced with a comparison showing the value of the benefits being given up, the Financial Conduct Authority (FCA) says.

  • Law and Regulation
  • 21 June 2017
Xafinity reports 166% surge in DB transfers in Q1 from 2016 figures
Xafinity reports 166% surge in DB transfers in Q1 from 2016 figures

The number of defined benefit (DB) scheme members transferring to defined contribution (DC) has more than doubled in a year, Xafinity figures have shown.

  • Defined Benefit
  • 24 April 2017
March 'unremarkable' for DB transfer values amid market calm
March 'unremarkable' for DB transfer values amid market calm

The estimated defined benefit (DB) transfer value remained fairly stable in March, falling by just £2,000, despite expected volatility.

  • Defined Benefit
  • 06 April 2017
12

Most read

Mark Stocker dies following cancer battle
Mark Stocker dies following cancer battle
Pension Schemes Bill gets final approval and waits for Royal Assent
Pension Schemes Bill gets final approval and waits for Royal Assent
Boohoo acquisition of Debenhams leaves schemes with PPF
Boohoo acquisition of Debenhams leaves schemes with PPF
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
USS: Cost of scheme is 'growing challenge' as future returns 'likely to be lower'
New TPR powers could lead to upsurge in clearance applications
New TPR powers could lead to upsurge in clearance applications
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