Pensions and Lifetime Savings Association
PMI revamps board with four appointments
The Pensions Management Institute (PMI) has appointed three non-executive directors and an executive director to its board.
Five stories you may have missed this week
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.
Butcher to serve as PLSA chair for another year; Young and Coplin join as NEDs
Richard Butcher is set to spend another year as Pensions and Lifetime Savings Association (PLSA) chair as the trade body proposes his term is extended to autumn 2021.
PLSA puts forward seven proposals to overcome barriers to climate-aware investing
Data definitions, better stewardship, and increased education are central recommendations for overcoming the barriers to climate-aware investing, the Pensions and Lifetime Savings Association (PLSA) says.
Guy Opperman: Debate on AE contribution rates could take place in 2021
A “legitimate debate and discussion” is needed over future auto-enrolment (AE) contribution rates, says Guy Opperman, and that could take place next year.
Schemes must face the future to drive better outcomes
Julian Mund writes about planning for the future and the four challenges he sees for the pension industry over the next five years.
What did someone with 13 million subscribers tell the pensions industry about engagement?
Martin Lewis founded Money Saving Expert, a website that has since built up an email following of 13 million people, after investing just £100 in a website at the beginning of the millennium. But how has Lewis achieved such cracking engagement? And what...
Consolidation leads five-year expected industry trends, PLSA finds
Consolidation across defined benefit (DB) and defined contribution (DC) schemes is the most-anticipated trend for the UK pensions industry over the next five years, the Pensions and Lifetime Savings Association (PLSA) has found.
Five stories you may have missed this week
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...
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).
Saving money is no goal for tax reform
Richard Butcher says the past 25 years has been a mixed bag when it comes to pension reform but says more change is still needed to fix the system.
Industry must fight Pension Schemes Bill mission creep
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....
Smart names new UK chief executive as reshuffle continues
Smart has promoted chief operating officer (COO) Jamie Fiveash to the role of UK chief executive (CEO).
Industry reaffirms need to gain savers' trust as dashboard data call for input closes
The data behind the pensions dashboard must be secure, transparent, and comprehensive enough to gain the trust of savers, the industry has said.
Solution-focused schemes will bring dashboards to life
While the dashboard timeline needs to be flexible enough to help the least well-prepared schemes get ready, Nigel Peaple says schemes are being constructive and solution-focused.
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.
Somerset Council scheme under fire over continued fossil fuel investment
Extinction Rebellion protesters will rally outside the offices of two Somerset councils this week over the council pension scheme’s allocation to fossil fuels.
RPI reform to cost schemes and investors up to £130bn
Potential changes to the way the Retail Prices Index (RPI) is calculated and reported could cause assets to fall by between £60bn and £130bn, according to various estimates.
A history and the rationale for DB schemes - part three: TPR and its Foucauldian disciplinary powers
In the third feature of a three-part series, Iain Clacher and Con Keating look back at the UK’s defined benefit universe, exploring how the arrival of TPR impacted scheme funding
Foresight completes PIP acquisition
Foresight has completed the acquisition of the Pensions Infrastructure Platform (PIP) just one month after announcing the planned purchase.
Charles Counsell: An industry to be proud of
As The Pension Regulator’s (TPR) home city Brighton gears up for its first virtual Pride, diversity and inclusion in pension schemes has never mattered more, says Charles Counsell.
PLSA: 'No plans to return to live events as we knew them until at least 2022'
The Pensions and Lifetime Savings Association (PLSA) says it isn’t planning to return to live events ‘as we knew them’ until at least 2022.
Dashboards won't be easy but they will revolutionise pensions understanding
Getting data ready and providing estimated retirement incomes may be difficult, but the industry must do its best to make dashboards a reality, says Nigel Peaple
Dashboard data call for input launched as schemes urged to get 'on the front foot'
The Pensions Dashboards Programme (PDP) has launched a formal call for input, seeking industry views on data standards for the initial dashboards.
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