Latest News

BANNER

Top Story

MNRPF agrees £450m longevity swap with MetLife


By Sophie Smith

The trustee of the Merchant Navy Ratings Pension Fund (MNRPF) has agreed a £450m longevity swap with Metropolitan Life Insurance Company (MetLife).

The deal provides long-term protection to MNRPF against costs resulting from pensioners or their dependants living longer than expected, as well as enhancing security for MNRPF members


Story 2

PASA launches data scoring guidance

The Pensions Administration Standards Association (PASA) has launched guidance on data scoring, aimed at improving the consistency and quality of data within the pension industry

Story 3

Pension schemes to increase focus on scenario modelling

Three quarters (73 per cent) of senior pension fund executives said the pension fund they work for would increase their budget for, and focus on, scenario modelling, asset-liability management, and stress testing over the next two years, Ortec Finance has found

Story 4

Nearly a third unsure how much they should save into their pension

Nearly a third (29 per cent) of people don’t know how much they should save for their pensions, according to research by Hargreaves Lansdown (HL)

Story 5

Brits could boost pension savings by £32,970 with Christmas contribution bonus

Brits could boost their pension by thousands of pounds by retirement if they paid themselves an annual Christmas contribution bonus, according to a new analysis by PensionBee

Story 6

UK pension funds more resilient following LDI fund improvements

The Bank of England (BofE) has shared the results of its system-wide exploratory scenario (SWES) exercise, revealing that UK pension funds have significantly improved their resilience with respect to liability-driven investment (LDI) over the past two years.

The Pensions Regulator (TPR) welcomed the next steps outlined in the report, including plans for TPR to explore potential improvements to existing data collections to improve contingency planning by pension schemes

Story 7

FCA fines adviser £1.38m for unsuitable pension transfer advice

The Financial Conduct Authority (FCA) has fined former Capital & Income Solutions (C&I) director, Philip Pryke, £1.38m for unsuitable pension transfer advice

Check out our latest news

KION Group completes £250m buy-in with Canada Life

KION Group has completed a £250m full scheme buy-in transaction with Canada Life, securing the benefits of over 3,000 members and covering five different UK defined benefit (DB) pension schemes within the group
Four in 10 companies ‘very likely’ to introduce a CDC pension scheme

Nearly half (41 per cent) of companies with defined contribution (DC) schemes are 'very likely' to introduce a collective DC (CDC) pension scheme or a risk-sharing alternative, according to research by Hymans Robertson
Over 100,000 former mineworkers receive first pension increase

Over 100,000 former mineworkers across the UK have received the first boost to their pensions, following the government's promise to reverse a "historic injustice" suffered by the Mineworkers' Pension Scheme (MPS) members
Origo’s Unipass Letter of Authority rolled out to the Openwork Partnership

Origo’s Unipass Letter of Authority (ULoA) is being made available to all Openwork Partnership advisers, seeking to support them in achieving faster, whole of market processing of their LoA requests

TPO orders trustees to repay £5.2m to three pension schemes

The Pensions Ombudsman (TPO) has ordered two trustees, Brambles Administration, and and two trustee companies to repay £5.2m into three pension schemes, meaning that TPO's Pensions Dishonesty Unit (PDU) has now issued directions totalling more than £40m since its launch in 2022
Open letter reveals 'strong' industry backing for Mansion House reforms

UK pension organisations have expressed "strong support" for the government’s Mansion House reforms in a joint letter to Chancellor, Rachel Reeves, welcoming their potential to foster economic growth, drive consolidation, and improve outcomes for savers


View More News

Highlighted Content

Fiduciary Management Focus: The Next Stage

In this Pensions Age focus we look at Fiduciary Management including a look at the new offering from TPT Retirement Solutions

Private Markets focus : Building a sustainable future

Private markets and the public: What do DC pension savers think?

Turning to natural capital

Claire Glennon explores the strong institutional demand for natural capital investments

Latest Podcasts

View More Podcasts

View Videos

Check out our latest appointments

Check out our latest features

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

View More Features

Check out our latest jobs


View More Jobs

BANNER

Closing the gender pension gap
Laura Blows discusses the gender pension gap with Scottish Widows head of workplace strategic relationships, Jill Henderson, in our latest Pensions Age video interview

Endgames and LDI: Lessons to be learnt
At the PLSA Annual Conference, Laura Blows spoke to State Street Global Advisors EMEA head of LDI, Jeremy Rideau, about DB endgames and LDI in the wake of the gilts crisis of two years ago

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

Advertisement
© 2019 Perspective Publishing     Privacy & Cookies