Industry experts have urged the government to require actuarial certification before scheme rules are changed without trustee consent, following the announcement employers will be allowed to unilaterally amend benefits to cover the lost contracting-out rebate.
Diageo enlists pensioners to help find deferred members
| 15 January 2013Diageo Pension Scheme has asked pensioners to help with its efforts to trace former employees as part of a data clean-up exercise to meet targets set by the Pensions Regulator.
Regulators closing in on phone scammers
| 14 January 2013The Information Commissioner’s Office has given fresh details of complaints from the public regarding scam calls promising a £1,000 pension bonus.
BA stands by trustee selection process
| 14 January 2013British Airways has defended its trustee selection policy following a vote showing nine out of 10 members of its older Airways Pension Scheme were concerned about potential conflicts of interest
Leading diversified fund beaten by equities in 2012
| 14 January 2013The £6bn Baring Dynamic Asset Allocation Fund returned 5.5 per cent in 2012 for scheme investors including the Hammersmith & Fulham pension fund, compared with a 11.6 per cent return for the FTSE All Share Index.
Small DC schemes to struggle with new regime
| 11 January 2013Small defined contribution schemes may find it difficult to comply with the key quality features and governance code proposed by the Pensions Regulator yesterday, industry figures have said.
DC is 'dreadful', Labour peer Lord Filkin tells Webb
| 10 January 2013Pensions minister Steve Webb was told defined contribution was an "awful" system that the government and industry must "urgently" work on, during a House of Lords select committee meeting yesterday.
PW Review: How Cookson constructed a fair pensioner buy-in
| 10 January 2013Video: Cookson Group Pension Plan manager John Reeve, and LCP principal Emma Watkins, discuss how schemes can construct pensioner buy-ins that are fair and good value for their entire membership, in this first PW Review (5:58).
Deferred members face less chance of early retirement
| 09 January 2013Deferred members are increasingly less likely to get the same early retirement benefits than active members, partly due to the current economic climate, legal experts have said.
Saul curbs transfers-in to avoid 'unknown liabilities'
| 08 January 2013The £1.6bn Superannuation Arrangements of the University of London has decided to suspend members from transferring in their old private sector pensions to manage the risk and cost of regulatory changes, including auto-enrolment.
USS: eurozone break-up ‘no longer central issue’
| 03 January 2013Large UK pension funds including the £34.2bn USS and £11.1bn GMPF have turned their attention away from the eurozone debt crisis as a central investment risk affecting members.
How employers handled the advent of auto-enrolment
| 28 December 2012Round-up: Hurdles faced by employers implementing auto-enrolment in 2012.
State pension changes
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pensionsweek: Industry calls for safeguards on state pension override http://t.co/9SMvYoR7 #singletier
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pensionsweek: Diageo enlists pensioners to help find deferred members http://t.co/rhXCGM67 #data
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pensionsweek: RT @iankmsmith: In case you missed it last week, we launched a video analysis series, PW Review. First edition looked at buy-in market h ...
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pensionsweek: DWP: "HMRC will work closely with scheme administrators... [on] a new way to close all contracted-out records with the minimum impact."
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pensionsweek: "...beyond the GMP conversion legislation introduced in 2009, without interfering with employees’ property rights" http://t.co/sGYnfQOg #GMP