Pension reforms to cost UK companies £40bn
New rules designed to protect company pension schemes could cost UK employers an extra £40bn over the next decade, according to new figures from LCP. The consultancy firm has conducted an impact...
Regulation
ESG roundtable: Statement of intent
Further industry harmonisation and consensus around standardisation is needed if there is to be a smooth adoption of new regulations on ESG reporting within the pensions market. This was one of the...
Josephine Cumbo: Open and closed case on investments
Millions of individuals around the country already face a daunting task saving enough for retirement. But the challenges of saving adequately for old age are set to get much tougher due to...
ESG roundtable: Costing the earth?
Pension scheme trustees, investment consultants and asset managers face tough new regulatory requirements that will compel them to generate, process and publish reams of comprehensive data relating to climate change, carbon emissions,...
Less gloomy outlook for DB scheme funding: WTW
Just one in six pension schemes report that the Covid crisis has weakened the sponsoring employers ability to standing behind the scheme long term. This was the result of the latest Willis...
DB to DC focus shift in TPR’s new 15-year strategy
The Pensions Regulator has published a new corporate strategy, setting out its priorities for the next 15 years. Reflecting the changing nature of workplace pensions, this strategy outlines a shift in focus...
CDC pension cuts only in ‘1930s-style’ recession: Aon
Only a 1930s-style depression would have caused pension income to be cut under new collective defined contribution (CDC) schemes, according to new research from Aon. The pension consultancy said extensive analysis indicates...
Pension Management Institute appoints new president
The Pensions Management Institute (PMI) has appointed Lesley Alexander as its new president. Alexander has been a non-executive director on the board since 2018, and is already in her second term on...
CA Summit: Tax regimes for DC and DB could diverge – Webb
Future pension reform could see further divergence between DC and DB pension regimes, with a reduction in higher rate tax relief on DC pensions only, but greater flexibility in regards to access. ...
CA Summit: Govt may allow performance fee ‘smoothing’ to fit charge cap
The government is considering allowing trustees to ‘smooth’ performance charges over a longer time frame to help DC schemes invest in more illiquid assets, such as infrastructure. Speaking at Corporate Adviser’s virtual...
