News

Pension Insurance Corporation (PIC) insured £7.2bn of scheme liabilities over the course of 2019, recording more new business than in any year prior.

Almost half (44%) of clinical and non-clinical trust executive directors are considering or planning to leave the NHS in the next two years due to pension taxation, according to NHS Providers.

Caroline Siarkiewicz has been appointed as chief executive of the Money and Pensions Service (Maps) after seven months in the position on a temporary basis.

Norfolk County Council will lead a multi-provider framework agreement that will see 14 Local Government Pension Scheme (LGPS) funds share actuarial services, benefits and governance consultancy services.

Hargreaves Lansdown (HL) has adopted the Investment Association’s (IA) new definitions around ethical and responsible investments, the firm announced.

Nest has announced it has reached £10bn of assets under management (AuM) and has also appointed two external additions to its investment committee.

The £30bn Brunel Pension Partnership has called on asset managers to become more climate-aware or face removal from its portfolios.

The Pensions Regulator (TPR) has issued a £2,000 fine to the Financial Conduct Authority’s (FCA) Pension Plan due to a non-compliant chair’s statement.

Pension Wise saw a 49% increase in customers arranging appointments with the service over the course of 2018/2019.

This week’s top stories included The Pensions Ombudsman’s rejection of several British Steel complaints, and the unveiling of the Money and Pensions Service’s financial wellbeing strategy.