DWP consults on ‘further and faster’ DC consolidation
The pensions industry is being invited to provide evidence to the Department of Work and Pensions as to why consolidation is not happening at a faster rate within the DC sector. Announcing...
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Generation gap when it comes to financial education
There is a stark generation gap when it comes to financial education, but it is those in younger age groups who say they have missed out, according to new research. Despite initiatives...
Rumours LTA will reduce to £800,000 in Covid tax raid
Treasury officials are looking at changes to pension allowances and tax reliefs in November Budget as a means of raising funds to help pay the Covid bill. According to reports in the...
Half of pension schemes ‘climate compliant’ within a year
All pension schemes expect to have fully integrated climate risk into their decisions by 2026, according to new figures collected by Willis Towers Watson. This follows a poll o, held during Willis...
LGIM divests from companies failing to meet climate standards
Legal & General Investment Management (LGIM) will divest from four companies for failing to respond to the asset managers engagement efforts around climate change. The four companies are AIG , Industrial and...
Nine out of 10 pension savers confused about ‘net-zero’ pensions
The is widespread confusion among DC members about the concept of net-zero emissions, particularly in relation to how this relates to pensions. Research by Legal & General Investment Managers found that one...
New DWP legislation ‘could miss one in three pension scams’
Legislation that will give trustees greater powers to block potential ‘scam’ transfers may not go far enough, and could fail to flag up one in three scams, according to data from XPS. ...
Smart launches new AE scheme for architects
Smart Pension has partnered with the Royal Institute of British Architects (RIBA) to create a new AE pension solutions for architect practices. After a staff consultation period, RIBA has also moved its...
Trustees on hook for new climate governance and reporting duties
Trustees of pension schemes with assets over £5bn will have to meet new governance requirements from 1 October 2021, with Task force on Climate-related Financial Disclosures (TCFD) reporting required within seven months thereafter....
Research highlights barriers to DC investment in illiquids
New research aims to identify the barriers that prevent DC schemes accessing private markets and other illiquid investments. The research was carried out by the Pensions Policy Institute among a range of...
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