News

Trustees need support for what is a major extension of their role as part of the move to improve pension scheme reporting on climate change, the Association of Consulting Actuaries (ACA) says.

Legal & General saw flat movements in operating profit over the course of 2020, and a fall in profit after tax, although its retirement and investment management businesses grew.

The Pensions Regulator (TPR) has confirmed what it calls a “fundamental shift” in its approach to workplace pensions, unveiling a corporate strategy increasingly focused on defined contribution (DC) savers.

The number of deaths registered in England and Wales in week 8 of 2021 was 8% more than expected compared with 47% more the week prior, according to the Continuous Mortality Investigation (CMI).

The Institutional Investors Group on Climate Change (IIGCC) has officially debuted its Net Zero Investment Framework (NZIF) after a series of road tests.

The government will consult on mandating the use of simpler annual statements while also setting out an approach to a “pension statement season”, says Guy Opperman.

Pension Insurance Corporation (PIC) has extended its administration contract with Capita Pensions until the end of September 2027.

The potential loss of scheme flexibility outlined in The Pensions Regulator’s (TPR) interim response to its defined benefit (DB) funding code should not be a concern as long as schemes can manage risk, the watchdog said.

More than a third of defined benefit (DB) pension schemes are running “worryingly close to the deadline” to comply with the Competition and Market Authority’s (CMA) retendering order, according to Hymans Robertson.

The Civil Aviation Authority (CAA) and Sydney Packett & Sons have agreed bulk annuity deals for their pension schemes with Legal & General (L&G) respectively.