LGIM points finger at 3°C DB schemes
Legal & General Investment Management (LGIM) has pointed the finger at defined benefit schemes for being behind the curve on climate transition. The asset managers says that the typical DB scheme is...
DB
New climate metric requirement for trust-based pensions launched
Trust-based pension schemes will be required to publish their net-zero credentials under new metrics that will enable greater comparability of decarbonisation strategies. Published today ahead of next month’s COP26 conference in Glasgow,...
Pensions lifeboat fund pays out record £1bn over past year
The Pension Protection Fund (PPF) paid out £1bn in compensation over the past financial year - the first time payments have reached this milestone figure. This money was paid out to the...
FCA widens DB transfer compensation net
The Financial Conduct Authority have written to a further 950 people who have transferred out of DB schemes, warning them they may have been mis-advised and could be entitled to compensation. These...
PLSA updates retirement living standards in response to pandemic
More money for eating out, a higher personal grooming budget, and the inclusion of a Netflix subscription have now been included within the Pensions and Lifetime Savings Association’s retirement living standards. These...
A third of DB schemes on track to meet new ‘fast track’ regulations
More than a third of DB pension schemes (35 per cent) are on track to meet The Pensions Regulator's new ‘fast track’ regulations, according to benchmarking analysis from Hymans Robertson. Hymans Roberston...
Ralph McClelland: ‘When buyouts aren’t the end of the road’
The buyout finishing line has probably never been within reach for such a large group of defined benefit schemes. For a corporate sponsor, the time may therefore be ripe to get a...
Seven out of 10 DB schemes failing to address climate change
Large DB pension schemes are lagging the DC pension sector when it comes to addressing climate change, with more than seven out of 10 schemes failing to set ‘robust’ net zero targets...
DB transferees’ fees reach new high
DB pension scheme members transferring out of their final salary pension have seen their fees rise by 10 per cent, increasing their chance of running out of money up to ten years...
Guide to Diversity and Inclusion in DC Pensions launched by Corporate Adviser Intelligence
CLICK HERE TO GET YOUR COPY Promoting diversity and ensuring an inclusive workplace culture is good people management for organisations of all types, in all industries. When it comes to organisations operating in the defined contribution (DC)...
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Restore calls for scrapping of FCA and PRA
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Pension professionals favour blended retirement solutions over annuities
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Pensions UK calls for review of general levy before ‘unfair’ cost rises
