News

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.

Professional Pensions rounds up some of the latest ESG and climate news from across the industry.

The Pensions Dashboard Programme (PDP) has launched a call for input, offering schemes an opportunity to influence the order and timing of the staged connection to the pensions dashboard.

A Pfizer Group-sponsored defined benefit (DB) pension scheme has completed a £190m buy-in with Aviva, following a slow start to the year in bulk annuity business for the insurer.

The Allied Irish Bank (AIB) Group UK Pension Scheme has agreed a pensioner and deferred buy-in with Legal & General (L&G), converting an assured payment policy (APP).

Defined benefit (DB) pension schemes must stay alive to heightening risks to funding from sponsor covenants, climate change and longevity experience, The Pensions Regulator (TPR) says.