Clara-Pensions appoints new chairman
Clara-Pensions - the new DB consolidation firm - has made another senior appointment, appointing Churchill as the chairman of its board. Churchill was the founding chairmen of the Pension Protection Fund and...
DB
New regulations force trustees to consider ESG factors
The majority of pension trustees will now be compelled to consider environmental, social and governance factors as part of their investment process. These updated regulations were published by the Department of Work...
The Pension Superfund appoints new chief executive
The Pension Superfund has confirmed that co-founder Luke Webster will become the new chief executive, following the recent departure of a number of senior executives. The defined benefit consolidator recently announced that...
The Pension Superfund loses financial backer and senior executives
The Pension Superfund has endured a bruising few days, with Alan Rubenstein and Marc Hommel announcing they were stepping down from their roles as chief executive and head of origination. At the...
CMA targets investment consultants and fiduciary managers with string of reforms
Publishing its provisional decision report, part of its Investment Consultants Market Investigation today, the CMA says that it had found evidence of an adverse effect on competition (AEC) in the field of fiduciary...
‘Flagrant’ trustee fined £25k
Rentokil Initial Pension Trustee Limited failed to complete 2012 and 2015 valuations of the Initial Hospital Service Limited No.1 Pension Scheme by July 2013 and July 2016 respectively. DB scheme trustees are...
FCA backs IDWG and plans ongoing charges monitoring group
The new group will be formed over the summer with a launch planned for autumn, when the full IDWG report, including templates, will be released. This pause in the publication of the...
New TPR criminal power could let wrongdoers off the hook – Webb
But former pensions minister Steve Webb, of Royal London, says the creation of the proposed new criminal offence of ‘recklessly’ underfunding a company pension scheme could miss its intended target and be a...
MPs tell pensions industry and FCA to improve on ESG
The Environmental Audit Committee’s findings from its green finance enquiry, which found that pension scheme trustees’ fiduciary duty is often misinterpreted as a duty to maximise short-term returns, has also criticised the FCA’s reluctance...
Titcomb ‘difficult decision’ to step down
Lesley Titcomb, chief executive of The Pension Regulator, who has been targeted with criticism by MPs over the regulator’s handling of BHS and Carillion, is to step down, Titcomb will step down...
