Standard Life
Five stories you may have missed this week
This week’s top stories included the Financial Conduct Authority saying there is a “significant risk of harm” in the long-term savings market caused by pension freedoms, and Standard Life and Zurich publishing their latest independent governance committee...
UPDATED Independent Governance Committees: A list of who is sitting on which IGCs
PP looks at the pensions great and good who oversee contract-based schemes
Standard Life and Zurich unveil IGC reports
Standard Life and Zurich have published their latest independent governance committee (IGC) reports – posting overall green and amber value-for-money assessments respectively.
Simplifying flex: How providers are evolving to simplify products
Many traditional flexible benefit schemes have become complex and unwieldy. Nick Martindale looks at how providers are evolving to simplify products and better meet employee needs.
Andy Briggs named Phoenix chief exec as Clive Bannister exits
Phoenix Group chief executive Clive Bannister is to leave the business and be replaced by ex-Aviva boss Andy Briggs next March.
Railways Pension Scheme and Aon DC master trusts receive authorisation
The Railways Pension Scheme's Industry Wide Defined Contribution (IWDC) Section and the Aon Master Trust have become the 12th and 13th master trusts to be authorised by The Pensions Regulator (TPR).
TPT, Standard Life and Fidelity receive master trust authorisation
Four more master trusts have received master trust authorisation from The Pensions Regulator (TPR), taking the total number of authorised schemes to 10.
Have IGCs improved value for money in contract-based pensions?
A fourth round of IGC reports has emerged and they are looking quite different to last year following regulatory change. Kim Kaveh looks at the key findings.
Standard Life increases risk exposure in workplace pension funds
Standard Life has increased exposure to risk assets in three out of five funds in its Active Plus and Passive Plus workplace pension ranges.
SLA tribunal triumph over Lloyds termination of £109bn Scottish Widows mandate
Standard Life Aberdeen has won a tribunal in which it claimed Lloyds Banking Group was not entitled to give notice to terminate investment management arrangements for a £109bn mandate.
Aon submits master trust authorisation application to TPR
The Aon Master Trust has sent its authorisation application to The Pensions Regulator (TPR), with just two weeks to go until the deadline.
Mercer Master Trust applies to TPR as 'tsunami' of last minute submissions expected
Mercer Master Trust has sent off its authorisation application to The Pensions Regulator (TPR) taking the total number of submissions received and awaiting response to 12.
Aegon 'benefiting' from Blackrock DC business but sees profits drop
Aegon's acquisition of Blackrock's defined contribution (DC) business has "significantly improved" its market position leading to a "strong pipeline for potential contract wins", the provider has said.
Standard Life submits two master trust applications to TPR
Standard Life has submitted authorisation applications for both of its master trusts to The Pensions Regulator (TPR), with just over seven weeks to go until the deadline.
DWA reveals master trust fund value-added data
Dean Wetton Advisory has unveiled research analysing the value added by master trust investment strategies, exclusively to PP. Kim Kaveh looks at the findings.
Majority of master trusts support collaboration to overcome delivery barriers
Some 87% of master trusts support future collaborative efforts to overcome barriers to good service delivery, the Pensions Management Institute (PMI) says.
Over 50% of FTSE 100 schemes report 'significant' deficit contributions totalling £14.8bn
Some 53 FTSE 100 sponsors made "significant" deficit recovery contributions (DRCs) to their defined benefit (DB) schemes over the year to 31 March 2018, according to JLT Employee Benefits.
PLSA shrinks board by four in governance overhaul
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Two-thirds of AE providers 'have no policy to prevent chemical weapon investments', says research
Six out of nine automatic enrolment (AE) providers have no policy to prevent investments in companies that profit from chemical and biological weapons, according to analysis by ShareAction.
UK Pensions Awards 2018 - The Winners
Here they are - the winners of the UK Pensions Awards 2018...
Standard Life Aberdeen disputes Lloyds 'right' to pull £109bn Scottish Widows portfolio
SLA claims it is not a 'material competitor'
Master trusts failing low paid earners on pensions tax relief
Low income earners in the majority of master trusts are missing out on tax relief on their retirement savings due to a legislative technicality, according to research.
The challenge of designing defaults to suit most members
Three years after Freedom and Choice, many default funds still have not moved away from targeting annuity purchase. This could have unintended investment risks for members, writes Victoria Ticha
What's next for auto-enrolment?
Phasing has arrived with auto-enrolment contributions rising from 2% to 5% for millions of pension savers. As we wait to see what happens as a result, James Phillips asks what's next.
