Latest News

Top Story

Anglo American completes combined £785m buy-in with L&G


By Callum Conway

Anglo American Services (UK) has completed a £785m combined buy-in with Legal & General Assurance Society (L&G) for three of its defined benefit (DB) schemes: The Tarmac UK Pension Scheme, the Tarmac ‘B’ Pension Scheme and the Anglo UK Pension Scheme.

The buy-ins, which were completed as part of one combined transaction, secured the benefits of over 5,100 retirees and 2,500 deferred members


Story 2

DB pension schemes reconsider endgame plans ahead of potential surplus changes

Many defined benefit (DB) pension schemes are reconsidering their endgame plans in light of improved funding levels and potential changes to how pension surpluses can be used, a survey of Pensions and Lifetime Savings Association (PLSA) members has found

Story 3

Majority of savers benefit from pension freedoms withdrawals

The majority (84 per cent) of those who have accessed their retirement savings since the introduction of pension freedoms in April 2015 said they have benefited from taking money from their pension, research from Standard Life has revealed

Story 4

Pension fraud charges against former director dismissed

Criminal proceedings against former company director, Nicholas Marks, have been dismissed after it was confirmed that he had passed away

Story 5

Landscape Scheme appoints HS Trustees and Temple Bright to complete wind up

Landscape architecture firm Novell Tullett has appointed HS Trustees and Temple Bright to complete the wind up of its Landscape Scheme

Story 6

Younger DC members benefit from high exposure to equity markets

Younger defined contribution (DC) pension scheme members, around 30 years from retirement, have benefited from their higher exposure to equity markets over the past year, Hymans Robertson’s DC Provider Report has suggested

Story 7

Fall in pensioner life expectancy prompts fall in pension scheme liabilities

The projected life expectancy for a typical UK pensioner has fallen by around nine months for men and seven months for women compared to pre-pandemic models, equating to a 2 per cent reduction in liabilities for a typical pension scheme, analysis from Aon has revealed

Check out our latest news

DB pension scheme risk concerns weighing 'heavily' on UK businesses

The vast majority (93 per cent) of financial decision makers in the UK believe that their company’s pension scheme is posing a risk to their business’s balance sheet, despite the fact that 86 per cent of DB schemes currently have a surplus, research from LawDeb has revealed
Boost for DC retirement expectations following positive investment performance

The expected future living standard in retirement provided by defined contribution (DC) savings rose in Q4 2024, due to strong benchmark investment returns and an increase in expected return assumptions post-retirement, Aon’s UK DC pension tracker has revealed
TPO upholds complaint for maladministration; other claim dismissed

The Pensions Ombudsman (TPO) has upheld a complaint against the South Wales Fire & Rescue Authority and Rhondda Cynon Taff County Borough Council for maladministration
Armfield pension trustees approve scheme wind up

The trustees of the Armfield pension scheme have approved commencement of the winding up of the scheme, with this process expected to take 12-18 months, Judges Scientific Plc has confirmed

Seven million pension pots accessed in first decade of pension freedoms

Almost seven million pension pots have been accessed for the first time since the introduction of freedom and choice in April 2015, estimates from AJ Bell have suggested, with drawdown now the most popular option amongst those with pension pots of £30,000 or more
TPR pledges to cut unnecessary regulatory burdens as part of govt 'shake up'

The Pensions Regulator (TPR) has pledged to reduce unnecessary regulatory burdens and improve data sharing, as part of the government's broader plans to cut the administrative cost of regulation on business and drive economic growth


View More News

Highlighted Content

Podcast: The role of CDC

In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions chief client strategy offi cer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space

Unlocking the value of private markets

Private markets offer strong returns – but the industry needs to make them work for savers, not just fund managers

New tools for PRT

Kelvin Wilson looks at AI and technology impacting the pensions risk transfer (PRT) market

Latest Podcasts

View More Podcasts

View Videos

Check out our latest appointments

Check out our latest features

Five years after Brexit: Impact, opportunities, and challenges for the pensions industry

In the five years since Brexit, UK pension law has remained broadly aligned with EU rules. However, we could see small moves towards divergence in the future

BANNER

Fighting the good fight

Pension Scams Industry Group (PSIG) chair, Margaret Snowdon, sits down with Sophie Smith to discuss the future of the organisation, and the latest in the fight for fairer treatment for pension and investment fraud victims

New power dynamics

The empowering and evolving relationship between trustees and consultants

High yields and middling expectations

Gilts have long been a mainstay of pension investment strategy. But since the crisis in 2022, have attitudes shifted? We take a look at the current state of play for this traditionally solid asset class

Pensions dashboards near the end of the beginning

It has taken almost a decade to build the pensions dashboard. But the first deadlines for connection are now just months away

Pensions on divorce – the importance of actuarial expertise

David Gordon explains the role an actuary can play when determining

how pension benefits should be shared following a divorce

LGPS pooling reforms: Too much too soon?

The government’s proposal to further consolidate LGPS assets has sparked debate about the potential benefits and drawbacks, as well as the feasibility of the timeline for implementing the changes

From awareness to action: PEG’s journey towards pensions equity

As part of our year-long special focus on diversity, equity and inclusion (DEI), Pensions Age speaks to Pensions Equity Group co-chair of communications and awareness, Molly Handley, about its mission to achieve equitable pension outcomes in the UK

Brightening up your admin

In July last year, the EDF Group (EDFG) of the Electricity Supply Pension Scheme transferred pensions administration services to Trafalgar House. Pensions Age sat down with EDF pensions liaison manager, Clive Pothecary, and Trafalgar House client director, Daniel Taylor, to find out what made the transition a success

A super step forward for DB

In a ground-breaking superfund transaction – the first involving an active, profitable sponsor – 1,500 defined benefit (DB) members of the Wates Group Pension Fund have transferred to the Clara superfund. Wates Group chief financial officer, Philip Wainwright, and Clara Pensions

chief transactions officer, Matt Wilmington, explain what this means for those members and the implications on the wider DB space

AI says hi

As the use of various artificial intelligence (AI) technologies becomes more widespread, some pension schemes are using it to improve member communications. David Adams looks

at the benefits this can bring – and the risks that need to be mitigated to safeguard members and schemes

Employer covenant: A new dawn

Market shifts, including increased funding levels and new regulations, are prompting DB schemes to reassess the role of the employer covenant in their endgame strategies

View More Features

Check out our latest jobs


View More Jobs

BANNER

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?’

Time for CDI
Laura Blows speaks to AXA Investment Managers (AXA IM) senior portfolio manager for fixed income, Rob Price, about cashflow-driven investing (CDI) in Pensions Age’s latest video interview

The role of CDC
In the latest Pensions Age podcast, Laura Blows speaks to TPT Retirement Solutions Chief Client Strategy Officer, Andy O’Regan, about the role of collective DC (CDC) within the UK pensions space
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

Advertisement
© 2019 Perspective Publishing     Privacy & Cookies