News

Local Pensions Partnership (LPP) chairman Michael O’Higgins will step down from his position in summer following a restructure.

Pension Wise is delivering double the number of appointments to pension savers in some regions of the UK than in others, a freedom of information request submitted to the Money and Pensions Service (Maps) reveals.

The Pensions and Lifetime Savings Association (PLSA) has expressed it is disappointed with the Department for Work and Pensions’ (DWP) general levy consultation – saying there should be no increase in the levy without structural reform.

Defined benefit (DB) scheme trustees are looking to their schemes to provide them with better technological support, with eight in ten agreeing ad-hoc and online meetings will permanently replace the pre-Covid quarterly meeting cycle.

Average transfer takes 11.9 days

The Aberdeen City Council Transport Fund has agreed a £230m buy-in with Rothesay in the insurer’s first deal with a Local Government Pension Scheme (LGPS) fund.

The government has outlined updated requirements for schemes in a new consultation confirming Task Force on Climate-related Financial Disclosures (TCFD)-aligned disclosures will be mandatory across the board by 2025.

Work and Pensions Committee

The number of excess deaths registered in England and Wales in the second week of 2021 is around 5,000, according to the Continuous Mortality Investigation (CMI).

More than 60% of pre-retirees supports the Financial Conduct Authority’s (FCA) investment pathways initiative, according to research by Legal and General Investment Management (LGIM).