News
Health improvements could affect DB liabilities, trustees advised
1+ day, 23+ hour ago (516+ words) The majority of defined benefit (DB) pension scheme trustees have not yet been able to factor in how breakthrough health treatments could affect liabilities, despite their potential to reshape future mortality trends, according to Standard Life. The insurer's analysis, published…...
A blueprint for megafunds: How consolidation will shape the future of DC pensions
2+ day, 5+ hour ago (735+ words) The drive towards "fewer, larger pension schemes" being driven by the Pension Schemes Act could boost individual pension pots by up to 20% if executed well, according to new research by WPI Economics and Standard Life. The act" and the subsequent…...
Railpen: Focused engagement strategies key to stewardship success
1+ week, 4+ day ago (689+ words) Pension schemes need to work on delivering measurable stewardship outcomes if they want to deliver value for members, according to Railpen. At the Pensions Management Institute's (PMI) annual conference session in London last week, Matt Lomas, investment manager for sustainable…...
In Depth: Surplus release could be limited by governance needs, industry says
2+ week, 2+ day ago (536+ words) The government's proposals to allow overfunded defined benefit (DB) pension schemes to release surplus assets could be limited by reporting and notification requirements, industry commentators have said. The Department for Work and Pensions'published draft regulations for the release of surplus…...
Surplus release rules edge closer as DWP publishes consultation
2+ week, 3+ day ago (425+ words) The Department for Work and Pensions (DWP) has launched its highly anticipated consultation on releasing surplus capital from overfunded defined benefit (DB) pension schemes, with rules slated to come into force next year. Under the proposed rules, DB schemes would…...
Why pension transfers risk creating a two-tier system for savers
2+ week, 2+ day ago (937+ words) Pension transfers are in the news after recent communications from the Financial Conduct Authority and the Department for Work and Pensions. People's Pension CEO Patrick Heath-Lay argues that transfers must be made clearer, not just faster. There is a lot…...
Always A Pensions Angle: The World Cup of Pensions
2+ week, 2+ day ago (749+ words) With the FIFA World Cup about to kick off in North America, Pensions Expert has joined forces with LAPF Investments through the Always A Pensions Angle podcast to find out which of the countries represented in the tournament can boast…...
Reality check for surplus release: PPI research shows limits of new policy
4+ week, 2+ day ago (862+ words) The amount available to be extracted from defined benefit (DB) pension schemes is likely to be much smaller than some previous figures have suggested, according to a new report from the Pensions Policy Institute (PPI). The Pension Schemes Act has…...
AI governance is "key" to success of pension reforms
3+ week, 2+ day ago (575+ words) Artificial intelligence (AI) is set to become a cornerstone of the UK's pension reform agenda " but understanding the technology and effectively overseeing it will be crucial to success, according to technology firm Lumera. Forthcoming pension reforms, including the advent of…...
Major master trusts collaborate to cut pension transfer times | News
3+ week, 3+ day ago (581+ words) Some of the UK's largest master trusts have launched a collaboration aimed at cutting the time it takes to transfer defined contribution (DC) pension pots between providers. Providers including Nest, the People's Pension, Smart Pension, and Now Pension have established Pathfinder,…...