TPR launches first fraud prosecution

The Pensions Regulator (TPR) has launched its first fraud and employer-related investments prosecution against an accountant.

The accountant, Roger Bessent, is due to appear in court after being accused of abusing his position as the director of the now shut down Gleeson Bessent Trustees Ltd (GBT)

UK pension deficit could increase by £219bn in hard Brexit

A hard Brexit scenario could result in a £219bn increase in the aggregate buyout deficit of UK pension funds, according to Cardano

PPF 7800 records £14.3bn surplus after changes to dataset

The aggregate funding position of schemes in the PPF 7800 has moved into a £14.3bn surplus, after the lifeboat updated its index calculations

TPR receives no new master trust applications over November

The number of master trusts that have applied for authorisation remains at one, with no new applications recorded over November, it has been revealed

Other News Stories...

Scor completes £1.2bn longevity deal with PIC

Scor has completed a £1.2bn longevity reinsurance deal with Pensions Insurance Corporation (PIC), covering six of its defined benefit schemes

Workers aged 50-64 reaches record level

The number of workers aged 50-64 has increased by one million in less than five years to a record high of 9.04 million, research from the Office for National Statistics (ONS) has found

Bulk annuity market to ‘remain at historically high levels’ in 2019

The bulk annuity market is expected to “remain at historically high levels” in 2019, with up to £30bn worth of deals, according to Willis Towers Watson (WTW)

AE edges towards 10m; ‘urgent action’ needed for low paid and self-employed

The number of people who have been automatically enrolled into a pension scheme has increased to 9.96 million over November, according to The Pension Regulator’s latest figures

Bridging the gap
Pensions Age speaks to NEST’s director of strategy, Zoe Alexander, about tackling the gender gap within retirement income provision

Latest Features

Back from the dead

Jack Gray explores how new life has been breathed into the pensions dashboard

Brought to heel

With defined contribution master trust providers now invited to apply for authorisation, Theo Andrew explores how they have been brought to heel, how The Pensions Regulator has been chasing its tail and what it could mean for defined benefit master trusts

A widening chasm

As the amount between how much people should save for retirement and how much they are actually saving widens, Sara Benwell considers why this is occurring and what can be done to mend the gap

A cog in the machine

Louise Farrand explores how administrators’ increasing workload is making it more challenging to keep ‘the pensions machine’ running smoothly

The difficulties of going pro

The popularity of professional trustees on pension boards has undoubtedly provided a number of benefits. However, the growing use of these trustees comes with its own set of challenges, Laura Blows finds

An inside attack

Laura Blows considers the consequences of bad data infiltrating good schemes

The future is now

Laura Blows considers the use of artificial intelligence within the pensions industry

A smoother ride

Laura Blows considers whether pensions sidecars may just be the new vehicle needed to balance savers’ long-term and short-term financial needs

Seeking resilience in fixed income portfolios

Four CIOs discuss how to navigate a market in transition

Changing minds

Many fear that the pensions industry’s image has a negative impact on pension saving rates and its attractiveness as a career option for young people. Andy Knaggs looks at what the industry is doing to change perceptions

The winds of change

Unprecedented change within pensions and advances in technology are threatening to destroy traditional roles and leave the industry with a very uncertain future

The luck of the default

With around 88 per cent of defined contribution members in their scheme’s default fund, it is imperative that the industry creates the best funds it can for members. Natalie Tuck looks at the impact of return variations on a member’s prospective pension pot

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Bridging the gap
Pensions Age speaks to NEST’s director of strategy, Zoe Alexander, about tackling the gender gap within retirement income provision

Fixed income: new opportunities
Francesca Fabrizi meets Ahmed Talhaoui, Head of International Product Strategy for BlackRock's Global Fixed Income Group, to discuss how fixed income markets have evolved and what opportunities are available for pension funds to build robust portfolios
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