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Four Access authorities select LGPS Central as new pooling partner


By Sophie Smith

Four Local Government Pension Scheme (LGPS) funds have confirmed their intention to join LGPS Central Limited, following a "comprehensive" review to determine a suitable future pooling partner. 

All four of the funds, Hampshire, Isle of Wight, Norfolk, and Suffolk, were previously part of the Access pool, but were forced to look for new pooling partners after both Access and Brunel Pensions Partnership failed to receive the green light on their future plans


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Stick to scheme loan rules or risk enforcement action, TPR warns

Pension trustees could face large fines or even jail time if they flout investment rules designed to protect savers, The Pensions Regulator (TPR) has warned, confirming plans to share guidance on what good trusteeship looks like as part of its work to raise standards

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Lifesight invests £450m in Schroders Greencoat’s Renewables LTAF

Lifesight, WTW’s defined contribution (DC) master trust, has committed to investing £450m in the Schroders Greencoat Global Renewables+ Long-Term Asset Fund (LTAF), with the potential for additional investments in the future

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TPR urges trustees to 'rethink' decumulation strategies

The Pensions Regulator (TPR) has called on pension scheme trustees to consider decumulation strategies now to deliver better retirement outcomes for savers, warning that adequacy is the "biggest challenge of our time"

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63% gender pensions gap sparks call for joined-up action

A joined-up effort from policymakers, employers and the pensions industry is needed to tackle the gender pensions gap, Penny has said, after its research revealed a 63 per cent gender gap in the average pension pot sizes transferred through its platform

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UK takes the lead as global PRT market enters 'transformative' period

The UK pension risk transfer (PRT) market is expected to see market inflows of over £500bn between 2029 and 2043, Legal & General (L&G) has said, with the global PRT market on track for a "transformative period"

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Blog: Financial Awareness Day - out of sight, out of pocket

On Financial Awareness Day, Callum Conway discusses why persistent low pension engagement remains a challenge for the industry and how schemes, providers, and employers can work together to close the gap

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Misys Retirement Benefits Plan completes £25m buy-in with L&G

The Misys Retirement Benefits Plan has completed a £25m buy-in with Legal & General (L&G), securing the benefits of around 190 deferred and pensioner members
Apprenticeships gaining traction in pensions industry

Apprenticeships are becoming a mainstay in the pensions industry, with over half (52 per cent) of firms now offering apprenticeships to boost diversity, productivity and retention, according to the Society of Pension Professionals (SPP)
Professional trustee market records slowest growth in five years; competition heats up

Growth in the professional and sole trustee market has slowed to its weakest pace in five years, with analysis from LCP revealing that the overall number of professional trustee appointments over the past year increased by just 2 per cent
IHT on pensions to apply to people who die before minimum pension age

Upcoming changes that will see unused pensions come into the scope of inheritance tax (IHT) will apply to the pension pots of people who die before reaching minimum pension age

ROM Group pension scheme secures £23m buy-in with Just Group

The ROM Group Pension and Life Assurance Scheme has completed a £23m full scheme buy-in with Just Group, securing the benefits of all 249 members, including 124 deferred and 125 pensioners
Insurers told to act now amid increasingly competitive BPA market

Insurers must act with greater urgency to innovate and differentiate themselves in the increasingly competitive, transparent, and customer-driven bulk purchase annuity (BPA) market, XPS Group has said


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Just Defined Benefits head of proposition development, Andy Fryer, shares what he has learnt following his move from the consultancy side to now working for an insurer

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Susan Hoare explores how pension scheme trustees can get the most value from their first Own Risk Assessment (ORA).

Pension reform with long-term ambitions

The Pension Schemes Bill proposes a bold shift in UK pensions; delivering real value requires industry-wide effort

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L&G Head of Endgame Solutions, Mathew Webb, outlines what DB schemes should do now as surplus extraction rules evolve

LGPS: Staying on track

As the government ramps up its focus on the LGPS, our panel looks at what lies ahead for the scheme, the challenges it faces and the investment opportunities out there

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Shifting gears

As the pensions landscape consolidates and evolves, Paige Perrin examines how The Pensions Regulator is adapting its role by shifting toward a more ‘prudential’ style of regulation. But what does this mean for the industry, and how is it reshaping relationships between the regulators, pension schemes, and trustees?

Finally on target?

Callum Conway looks at why the freedom and choice reforms failed to close the pensions advice gap, and how targeted support might offer the solution

Getting to grips with the pension ethnicity gap

Pension engagement among non-white savers is still lagging, posing challenging questions for the industry to answer. As part of Pensions Age’s year-long focus on diversity, equity and inclusion (DEI), Jon Yarker finds out more

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Getting entangled in sustainable investing red tape

UK pension schemes have a unique role to play in driving sustainable impact, but complex rules are slowing momentum

Eyes on the prize

Regulators and policymakers continue to consult on whether DC schemes provide value

for money to members. But is there a risk their good intentions will be overwhelmed by other

political priorities? David Adams reports

Thinking differently

As part of Pensions Age’s year-long special focus on diversity, equity and inclusion (DEI),

Laura Blows explores neurodiversity and the pensions workplace

The best laid plans?

The government has confirmed that it will share a pension reform roadmap, but exactly what should be at the top of this list? Sophie Smith reports

Building a buy-in

Skipton group pensions manager, Andy Cheetham, pulls back the curtain on the pension scheme’s recent journey to a full buy-in

From data to delivery

Pensions Age sits down with Pension Administration Standards Association (PASA) chair, David Fairs, to discuss his newly appointed role and to find out how the association is raising administration standards and tackling data and dashboards challenges head-on

Trump’s tariffs spark a closer look at Europe

Sandra Haurant considers how Trump’s tariffs may have shifted investor attitudes towards the

European equities market

Inherited problems

The government’s plans to include pensions in the scope of inheritance tax has generated concern about how its rules can be feasibly implemented within the pensions industry. Laura Blows finds out more

Turning back time

DB schemes are currently enjoying funding surpluses, but haven’t we been here before? Laura Blows considers the changes and challenges that have occurred since the previous era of DB surplus in the 1980s/1990s, and the lessons to be learnt from that time

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A changing DC market
In our latest Pensions Age video interview, Aon DC senior partner and head of DC consulting, Ben Roe, speaks to Laura Blows about the latest changes and challenges within the DC sector

Being retirement ready
Gavin Lewis, Head of UK and Ireland Institutional at BlackRock, talks to Francesca Fabrizi about the BlackRock 2024 UK Read on Retirement report, 'Ready or not. How are we feeling about retirement?’

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Podcast: Who matters most in pensions?
In the latest Pensions Age podcast, Francesca Fabrizi speaks to Capita Pension Solutions global practice leader & chief revenue officer, Stuart Heatley, about who matters most in pensions and how to best meet their needs
Podcast: A look at asset-backed securities
Royal London Asset Management head of ABS, Jeremy Deacon, chats about asset-backed securities (ABS) in our latest Pensions Age podcast

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