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PDP shares updated pensions dashboards reporting standards


By Sophie Smith

The Pensions Dashboards Programme (PDP) has published an updated version of its reporting standards, as the programme continues to move forward "with pace".

The document sets out the requirements on pension providers and schemes, and dashboard providers, for generating, recording and reporting data, including information for security protection, tracking performance, and helping regulators to monitor compliance


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Fidelity to integrate private assets through new LTAF

Fidelity International has announced plans to integrate private assets into its £16.9bn default investment strategy for UK workplace pension schemes, Futurewise, through its first long-term asset fund (LTAF)

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Report highlights risks and opportunities under new DB funding regime

Pension professionals have been encouraged to ensure they understand the risks and opportunities the new defined benefit (DB) funding regime has created, rather than just being aware of the requirements themselves

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Pension superfunds set to take 'leading role' in risk transfer market

Pension superfunds have "come of age", Hymans Robertson has said, after its latest report on alternative risk transfer revealed a shift in opinions on superfunds, from a place of "widespread scepticism" to viewing them as a "valuable addition" to the market

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Fiduciary management sector at ‘pivotal moment’, report finds

Fiduciary managers (FM) saw modest growth in mandates within the defined benefit (DB) market over the past year, although FM assets under management (AUM) saw a "significant boost", according to a report into the latest fiduciary sector trends published by Isio

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Women's average retirement age up seven years since 1994

Gender differences in the ages at which people retire have almost disappeared, with both men and women retiring at an average age of 64 years old, according to a report published by longevity thinktank Phoenix Insights

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Mansion House speech ‘offers hope’ on closing advice gap

The update on the Advice/Guidance Boundary Review in the Mansion House speech “offers hope” on closing the advice gap, with retirement and pensions the most likely financial issues people will seek advice on, according to Hargreaves Lansdown

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Over one in five Brits wish they had started saving for retirement earlier

More than one in five (22 per cent) UK adults wish they had learned to save for retirement earlier, a report from Aqua has found
Industry welcomes plans to extend CDC; warns about governance requirements

Industry experts have welcomed the Department for Work and Pensions' (DWP) consultation on legislation to extend collective defined contribution (CDC) provision beyond single or connected schemes, but have expressed concerns over governance requirements
TPO orders company director to repay £9.7m following PDU investigation

The Pensions Ombudsman (TPO) has ordered a former company director to repay over £9.7m into the Uniway Systems Limited Retirement Benefit Scheme and the Genwick Limited Retirement Benefit Scheme, following an investigation by its Pensions Dishonesty Unit
Govt to share response to WPC DB pension report in the new year

The government is working to provide a response to the Work and Pensions Committee's (WPC) report on defined benefit (DB) pensions "in the new year", Secretary of State for Work and Pensions, Liz Kendall, has confirmed

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Aviva launches Shariah investment strategy

Aviva has launched a “Shariah investment strategy” that includes a suite of funds compliant with Islamic principles
PRAG shares updated guidance following industry feedback

The Pensions Research Accountants Group (PRAG) has shared a new paper looking at the required accounting treatment of the various financial sustainability models found across the UK’s defined contribution (DC) master trusts


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Not quite the end…

Alex Janiaud considers how DB schemes can best manage residual risks after an endgame solution

Presenting the case for pension class actions

In recent months, the LGPS has been involved in high profile US class action cases with multi-million-pound settlements. Could these become more popular throughout the wider pension world?

CDC: Sharing investment risks and rewards

With Royal Mail’s collective defined contribution (CDC) scheme set to launch in October, Paige Perrin examines how the risk-sharing nature of CDC schemes could enable greater investment opportunities

On the rise: Pensioner poverty

Laura Blows explores why the number of pensioners living in poverty is increasing, the impact of this trend, and what the industry can do to help tackle the problem

Pensions in the digital era: Is the industry keeping up or falling behind?

The digital revolution is here to stay, but is the pension industry keeping up? What more can be done to encourage greater adoption of technology?

Rising to the challenge

Laura Blows speaks to the pensions ombudsman, Dominic Harris, about his plans to improve efficiency within The Pensions Ombudsman (TPO) and reduce waiting times

Risky business?

Funded reinsurance has faced growing scrutiny in recent months, but with capacity concerns being raised around the BPA market, it could also present an opportunity to reduce risk and meet the growing demand from DB schemes. Sophie Smith reports

Winning the battle

North East Scotland Pension Fund investment manager, Graham Buntain, and Robbins Geller Rudman & Dowd cofounder and partner, Mark Solomon, discuss their recent success in a battle for justice against American sportswear brand Under Armour

EM investment opportunities

Sandra Haurant explores the wide world of emerging markets equities

Balancing member engagement with GDPR

Has GDPR impacted on pension communications and the industry’s ability (or not) to be proactive with their engagement messages?

Increasing financial literacy; lowering scams

As part of Pensions Age’s year-long special focus on financial literacy, Chris Newlands explores the relationship between financial literacy, or lack thereof, and the risk of falling for pension scams

Preparing for the worst

Just like every other organisation, pension schemes need to manage potentially disruptive operational risks, and be prepared to respond to a crisis that could threaten a scheme’s

operations and its members’ wellbeing. David Adams looks at the steps trustees, managers and employers need to take to ensure a scheme is ready to respond when a crisis strikes

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A time for fixed income
Francesca Fabrizi discusses fixed income trends and opportunities with Goldman Sachs Asset Management Head of UK Pensions Solutions, Fixed Income Portfolio Management, Henry Hughes, in our Pensions Age video interview

Purposeful run-on
Laura Blows discusses purposeful run-on for DB schemes with Isio director, actuarial and consulting, Matt Brown, in Pensions Age’s latest video interview
Find out more about Purposeful Run On

Keeping on track
In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track
Building investments in a DC world
In the latest Pensions Age podcast, Sophie Smith talks to USS Investment Management’s head of investment product management, Naomi Clark, about the USS’ DC investments and its journey into private markets

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