UK pension replacement rate falls 9pc in a decade – OECD
The UK’s mandatory pension provision is nearly half the OECD’s average and retirees’ replacement rate has dropped by 9 per cent in a decade. The research, carried out by TISA, shows the...
DB
Aviva offloads eighth overseas business
Aviva has offloaded its Aviva Poland business to Allianz for £2.1bn, its eighth overseas disposal in as many months. The deal is the last in its strategy of refocusing on its core...
Green gilt framework set out by IA
The Investment Association has published guidelines for the new green gilts the Government is planning to launch this year to tackle climate change, fund infrastructure projects and create green jobs. The IA...
DWP scrutiny turns to social ESG factors with consultation launch
The Department for Work and Pensions (DWP) has issued a consultation to understand how occupational pension scheme trustees fulfil their duty to assess social factors in their stewardship activities, following ministerial concerns...
Hymans Robertson names new DC provider relations head
Hymans Robertson has promoted Shabna Islam to lead its master trust research and manage the firm’s relationships with DC product providers. Islam has almost 15 years’ experience in the pensions industry, having...
DB schemes look to contingent funding options to help Covid-hit companies
Three out of four DB schemes are planning to use contingent funding to manage schemes risk according to the latest report from LCP. More schemes are expected to go down this route...
DB schemes failing to factor in Covid death-rates: XPS
Pension schemes are failing to take into account the mortality impact of Covid-19, and could be overestimating liabilities by up to 3.5 per cent, according to XPS. Its Covid-19 Impact Analytics provides...
New Own Risk Assessment requirement published by TPR
Pension schemes with more than 100 members will be required to carry out an annual “own risk assessment” (ORA), under proposals published by The Pensions Regulator (TPR) today. The ORA requirement is...
PTL appoints LDI specialist from Citi
PTL appointing liability-driven investment (LDI) specialist Payam Kazemian as a client director, who joins the firm from Citi. Kazemian has more than 12 years of frontline pension investment experience, particularly in the...
Opperman slams asset managers over stewardship data failings
Pensions minister Guy Opperman has added his voice to concerns that most asset managers are unable to provide details of how they exercised their voting rights or engaged with the companies they...
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