News

Professional Pensions rounds up some of the latest tender awards from across the industry.

FCA looking at "spirit of" rules

Nearly of a quarter of pension schemes required to retender their fiduciary manager had not started the process as of last month, says XPS Pensions Group.

Turbulent markets damaged fiduciary managers’ ability to achieve client-specific objectives, says Isio, with none meeting the target.

The Universities and College Union (UCU) has accused Universities UK (UUK) of failing to come clean over the true impact of the Universities Superannuation Scheme (USS) pension proposals.

This week’s top stories include a look at how fiduciary managers have fared during Covid-19 and the Department for Work and Pensions’ confirmation of a flat fee ban on sub-£100 pots.

Social governance is becoming more significantly important to pension fund managers in the wake of the coronavirus pandemic, according to a 27 May report.

Industry feedback on the contentious ‘employer resources test’ (ERT) is unlikely to significantly shift The Pension Regulator’s (TPR) approach to issuing contribution notices, it says.

A court in the Netherlands has ruled that oil major Shell must cut CO2 emissions by 45% in a landmark climate case brought forward by seven activist groups, including Greenpeace.

Pension Insurance Corporation (PIC) will fund the development of a residential tower block of affordable housing in West London.