An inability to get affordable professional indemnity (PI) insurance is the primary reason why financial advisers have stopped offering defined benefit (DB) transfer advice, with premiums soaring or cover not even available...
The Guaranteed Minimum Pension (GMP) equalisation working group, chaired by the Pension Administration Standards Association (PASA), has issued a ‘good practice’ guidance to UK pension schemes. The new guidance highlights tax issues which...
Pension schemes will be free to decide how and when to move to the new Normal Minimum Pension Age (NMPA) of age 57 by 2028, meaning some may raise theirs earlier than...
Phoenix Group has boosted its bulk annuity team with five new appointments. Priyesh Patel has joined as an investment analyst, while the company has also recruited Shoyab Alli, Sam Young, Miles Smith...
The funding situation of DB pension in the UK continues to improve despite the challenging economic backdrop. The latest Mercer’s Pensions Risk Survey found the accounting deficit of DB schemes in the...
Pension schemes are being offered a new fund service which allows trustees to set their own voting preferences. This service, launched by AMX and asset manager DWS, in conjunction with Minerva Analytics...
Hymans Robertson has acquired Bath Actuarial Consulting (BAC), in a deal which will see its two founds join Hymans as partners. BAC was founded in 2021 by Leonard Bowman and Andrew Udale-Smith...
The Investment Consultants Sustainability Working Group (ICSWG) has launched a guide to support trustees to assess their investment consultants on their climate competency. The ICSWG is a collaboration between 17 firms formed in...
Trustees of larger occupational pensions and authorised schemes could soon be required to calculate and publish their schemes’ carbon footprint under new government proposals. The Department of Work and Pensions is now...
The Pensions Management Institute (PMI) is expanding its mentoring and development programme, which will pair 50 mentors up with those working in the pensions industry in 2021. This programme builds on an...
