‘Rollercoaster’ 2020 hits funding of DB schemes: Aon
The Covid-19 pandemic has had a marked effect on the funding of DB schemes, with a wide gap remaining between the best and worst-funded schemes, according to Aon’s latest accounting report. It...
DB
LGIM launches private market fund range for DB schemes
Legal & General Investment Management (LGIM) has launched a new secure income funds for DB schemes, which invest in range of assets including infrastructure debt, real estate debt and private corporate debt....
LCP attacks TPR’s ‘too rigid’ DB framework proposals
The Pensions Regulator’s new framework for defined benefit (DB) schemes is too rigid and fails to take into the unique issues faced by certain schemes, risking worse outcomes for members and employers....
House of Lords paves way for greener workplace pensions
The Pension Schemes Bill has been approved in the House of Lords and will be taken through the House of Commons later this year. There are a number of proposals in this...
Public Accounts Committee to review pensions tax relief
The Public Accounts Committee has called for a review of pension tax relief, to ensure it is effective and providing value for money. This is part of a wider review into tax...
Government could pocket £100bn from pensioners in proposed RPI changes
Pension savers in defined benefit schemes could lose up to 20 per cent of their income, if government reforms to the way inflation is calculated go ahead. This stark warning comes from...
LCP questions FCA DB transfer benchmarking
Benchmark the destination for DB transfers with low-cost auto-enrolment workplace pensions will not give the consumer protections the FCA hopes says LCP. The consultancy has questioned the logic of FCA rules requiring...
Covid crisis sparks new concerns about security of DB schemes
The Covid crisis has led to an increase the number pension savers concerned about the security of DB workplace pension schemes. Wealth manager Killik & Co has reported a significant jump in...
Lineker leads celeb backing RI pension campaign
A raft of A-list celebrities including Gary Lineker, Graham Norton, Westworld star Thandie Newton, and Mariella Frostrup have backed a campaign calling for greener and more ethical pensions. The string of celebrity...
Insurers give “cautious welcome” to calls for pension tax relief reform
Insurers have given a cautious welcome to calls to simplify pensions tax relief but have warned a “pensions Isa” could undermine the success of auto-enrolment. Yesterday the ABI called for the government...
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