News

The Pensions Administration Standards Association (PASA) has published its code of conduct on administrator provider transfers in hope of ironing out issues in the industry.

Trustees and schemes are at risk of significant problems because administrators are withholding information, according to advisers.

Schemes are delaying de-risking plans and reviewing automatic triggers as sponsors increasingly believe gilt yields will rise in the short term, a senior actuary says.

Loan notes are becoming popular in asset-backed funding as pension schemes and sponsors increasingly use special purpose vehicles (SPVs) to reduce scheme deficits, lawyers say.

The Department for Work and Pensions (DWP) is still examining how auto-enrolment will apply to hybrid schemes after the draft Pensions Bill failed to close a loophole.

The Department for Work and Pensions (DWP) must avoid penalising the largest employers when it simplifies auto-enrolment legislation, warn consultants.

Trustee decisions that give rise to unintended consequences may be harder to overturn following a Supreme Court ruling, lawyers have warned.

Pensions liabilities have risen by 60% over the last five years, compared to a 40% rise in assets, according to KPMG research.

Schemes attending the Pensions and Benefits Show 2013 have combined assets in excess of £350bn and representatives from 28 of the top 50 UK funds have already confirmed their attendance.

The Pension Protection Fund (PPF) could take ownership of UK Coal in a deal to prevent the company entering compulsory liquidation, reports The Times.