News
Women in Pensions Awards 2020: Virtual ceremony
Professional Pensions is delighted to confirm the Women in Pensions Awards 2020 will be presented at a virtual ceremony on 25 November.
Lifetime allowance to rise to £1.078m in line with 0.5% inflation
The lifetime allowance is set to rise to £1,078,900 from April next year in line with the 0.5% inflation figure.
Schemes must meet three gateway principles for superfund transfers
Pension scheme trustees and sponsors should only seek to transfer members’ benefits to a defined benefit (DB) consolidator if there is no “realistic prospect of buyout in the foreseeable future”, The Pensions Regulator (TPR) says.
UK pensions system flops in global rankings; Covid-19 puts flaws 'in sharp focus'
The UK has continued to struggle against its peers in an international analysis of pension systems due to continuing concerns over adequacy and sustainability.
UK dividends suffer 49% fall in Q3
Lowest Q3 payout since 2010
Market Movers Blog: EU's first social bond offering sees €233bn of orders
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
Just one in six schemes report long-term covenant damage
Just one in six (16%) of schemes believe the Covid-19 pandemic has weakened their sponsor’s ability to support them in the long term, research by Willis Towers Watson finds.
Have your say: Should members be allowed to access their pension early to 'borrow' a deposit for buying a house?
In this latest Pensions Buzz we want to know whether you think savers should be allowed to access their pension early in order to buy a house.
Just completes £340m buy-in with Ibstock scheme
Just Group has completed a £340m buy-in with the Ibstock Pension Scheme in the insurer’s largest ever bulk annuity transaction.
Punter Southall launches DB scheme consolidator called Stoneport Pensions
Punter Southall has launched a defined benefit (DB) scheme consolidator in a bid to allow small schemes to cut their running costs, reduce risk and improve benefit security and governance.
London CIV partners with MSIM to launch global equity core fund
London CIV and Morgan Stanley Investment Management (MSIM) have announced the launch of a global equity core fund.
Majority of asset managers do not assess gender diversity
Fewer than half of asset managers assess gender diversity as part of their investment analysis, latest research by Redington reveals.
Regulator's gateway guidance could set 'too high a hurdle' for superfunds
Regulatory guidance “could set too high a hurdle” for superfunds, Lane Clark and Peacock (LCP) warns.
UPDATED: DWP to mandate use of simpler annual statements for auto-enrolment DC schemes
The Department for Work and Pensions is to make it mandatory for auto-enrolment defined contribution (DC) schemes to use simpler annual statements.
Maps tasked with addressing 'urgent' wellbeing implications of Covid-19
Thirteen recommendations for the Money and Pensions Service (Maps) have been laid out in an independent report to address the “urgent” financial wellbeing implications of the coronavirus pandemic on Britons.
TPR launches discussion on 15-year corporate strategy; key focus on shift to DC
The Pensions Regulator (TPR) has launched its 15-year corporate strategy in the form of a discussion paper, revealing protecting the future financial wellbeing of savers will sit at the heart of its work.
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.
Just becomes first UK insurer to issue a green bond
Just Group has launched its inaugural green bond, raising £250m and becoming the first UK insurer to launch such an asset.
PP owner Incisive Media named B2B digital publisher of the year for a record fifth time
Incisive Media - the Covent Garden-based publisher of Professional Pensions – has won the AOP’s digital publisher of the year accolade for the fifth time in ten years.
TPR: Just 4% of schemes have agreed DRC deferrals
Around one in 25 pension schemes have made use of regulatory easements to deficit recovery contribution (DRC) payment schedules, according to The Pensions Regulator (TPR).
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.
Brunel opens global small cap equities fund
Brunel Pension Partnership has launched a £300m multi-manager sub-fund focused on global small cap equities.
Clara Pensions adds Wilton Re as additional capital partner
Wilton Re has made an investment in Clara Pensions to support the consolidator’s growth and development.
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