UK DB schemes will pay out third of a trillion pounds over 2019-21

UK defined benefit pension schemes are forecasted to pay out almost one-third of a trillion pounds between 2019 and 2021, according to new research by Mercer.

Its risk transfer outlook for 2019, found that the amount will be reached from a combination of payments of premiums for annuity buy-ins/buyouts, individual member transfers, pensions and retirement lump sums

Six of the UK’s largest contracting firms record £730.2m pension deficit

Six of the UK’s largest contracting firms, some with leading government contracts, have a combined pensions deficit of £730.2m, according to their financial reports

FOS makes crucial decisions against SIPP provider Liberty Sipp

Following months of speculation, the Financial Ombudsman Service (FOS) has issued landmark decisions against Liberty Sipp, the self-invested personal pension (SIPP) provider that has recently come under fire

Trustees must hold investment consultants to account over ESG

Trustees must hold investment consultants to account over environmental, social and governance (ESG) issues, the Association of Member Nominated Trustees (AMNT) has said

Other News Stories...

Guest Comment: TPR on being clearer, quicker and tougher

TPR executive director of frontline regulation Nicola Parish discusses the impact of being clearer, quicker and tougher

DB transfers rise to £8.6bn in Q3 2018

Defined benefit pension transfer values increased to £8.6bn in the third quarter of 2018, data from the Office for National Statistics has revealed

TPR issues fresh warning to trustees to check if they are master trusts

The Pensions Regulator has put a fresh warning out to trustees, urging them to check if they fall under master trust legislation

News in brief: 14 December

The latest mandates and news in brief from the past week

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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