News
Rising life expectancy among affluent men could put pressure on DB schemes
Life expectancy amongst affluent men is rising faster than any other group, according to analysis by the Pension and Lifetime Savings Association (PLSA) and Club Vita.
Vesuvius rolls fifth tranche of members into PIC buy-in
Vesuvius has signed a £15m deal with Pension Insurance Corporation (PIC) to insure further pensioner members in its UK defined benefit (DB) scheme.
Law Commission: Change regulations to remove barriers to social impact investing
The Law Commission has called on the government to clarify investment rules which can make it hard for schemes to make socially responsible investments.
DUP forces Tories to maintain triple lock in vote deal
The Conservative Party has abandoned dropping the triple lock on the state pension in order to secure a confidence and supply deal with the Democratic Unionist Party (DUP).
DB schemes see £8bn improvement on 'best estimate' assumptions
Defined benefit (DB) schemes recorded a £295bn surplus at the end of May, according to First Actuarial's best-estimate index (FABI).
Coats agrees £74m for Staveley scheme, ending TPR probe
Coats Group has agreed a £74m settlement with The Pensions Regulator (TPR) to end enforcement action for the third of its defined benefit (DB) schemes.
Unison commits to divesting LGPS from fossil fuels
Unison has passed a motion that says it will seek to divest the Local Government Pension Scheme (LGPS) from fossil fuels over the next five years.
Mapping ESG to investment beliefs better than comparing to benchmarks
Existing methods of tracking fund performance are not suitable for environmental, social and governance (ESG) issues, First State Investments has said.
Five stories you may have missed this week
This week's top stories were a ransomware attack on TPR, and the new pensions minister being urged to tackle outstanding policy issues.
Cold-calling ban will not see light of day this parliament
The hung parliament means planned measures to mitigate scams will be kicked down the road, the industry has told PP.
Pensions and Benefits UK 2017: Last chance to register
There is less than one week to go until Pensions and Benefits UK 2017 - London's largest pensions and benefits conference and exhibition.
Government's LGPS investment rules thrown out by court
The government has suffered a major defeat in the High Court after its rules on Local Government Pension Scheme (LGPS) investments were deemed unlawful.
FCA plans to tighten transfer rules welcomed but more clarifications needed
The industry has broadly welcomed the Financial Conduct Authority's (FCA) plans to modernise processes around pension transfers in response to concerns over surging demand.
UK needs an intergenerational equalities minister
Britain needs an intergenerational equalities minister to remove the sting of inequality between young and old that has been growing since the 1980s according to Chris Wagstaff.
Female mentoring scheme for actuarial profession to launch this year
A pioneering female mentoring programme is being rolled out in September to improve diversity at senior levels in the actuarial profession, supported by the Institute and Faculty of Actuaries (IFoA).
National Milk Records shareholders approve pension fund withdrawal
Shareholders have granted National Milk Records (NMR) permission to pull out of the multi-employer Milk Pension Fund (MPF) at a cost of £14.8m.
Kempen hires head of investment strategy
Michel Iglesias del Sol has been named head of investment strategy and part of the management team in Kempen Capital Management's client solutions team.
RPMI Railpen hires chief operating officer
RPMI Railpen has appointed Paul Nathan as chief operating officer (COO) to support all investment activity at the £25bn Railways Pension Scheme.
TPR should get powers to allow 'second-best' outcomes for members
The Pensions Regulator (TPR) should be allowed to alter scheme indexation and benefits to ensure members get at least "second-best" outcomes.
TPR suffers security breach as computer infected with ransomware
The Pensions Regulator (TPR) has admitted it was subject to a partially successful ransomware attack during the past three financial years but had blocked over 40,000 other attempts.
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.
Government to introduce bill for merged guidance bodies
The Conservative minority government has set out its plans for a bill to merge the Money Advice Service (MAS), The Pensions Advisory Service (TPAS) and Pension Wise.
TPR pledges to 'use its teeth' and threatens section 231 action against recalcitrant employers
Trustees can expect The Pensions Regulator (TPR) to intervene in their favour if sponsors are not fulfilling their obligations to a scheme, Andrew Warwick-Thompson says.
Research: guidance and online messaging key to engaging millennials
Some 44% of 18 to 34-year-olds have no pension provision and 27% don't understand enough about them, latest research from YouGov reveals.
