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TPR issues warning notice to Smiths News over section 75 debt


By Jack Gray

The Pensions Regulator (TPR) has issued a warning notice to Smiths News in relation to the Tuffnells Parcels Express Pension Scheme.

In the warning notice, TPR noted that the section 75 debt of the Tuffnells defined benefit (DB) scheme was estimated at £3,467,000


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Trustees urged to integrate ESG across DB endgame routes as pricing risks evolve

Defined benefit (DB) pension scheme trustees must take a holistic and proactive approach to environmental, social and governance (ESG) risks as endgame strategies evolve, a guide from Isio has stated

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FCA pension transfer proposals ‘anti-consumer and anti-competitive’ - AJ Bell

The Financial Conduct Authority’s (FCA) proposed reforms to non-advised pension transfers have been branded as "anti-consumer and anti-competitive” by AJ Bell, which warned they risk undermining years of progress on improving transfer times

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Pension savers increasingly turning to AI when starting retirement planning

Pension savers are increasingly turning to artificial intelligence (AI), rather than financial guidance or advice websites, to begin their retirement planning, according to PensionBee

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Research finds gap between pension holders’ investment beliefs and knowledge

Pension holders believe it is important to know where their pension is invested but few actually know what their money is funding, research from Nest Pensions has shown

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West Midlands Pension Fund joins PMI Development Partnership programme

One of the UK’s largest Local Government Pension Scheme (LGPS) funds, West Midlands Pension Fund (WMPF), has joined the Pensions Management Institute’s (PMI) Development Partnership programme

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Healthy life expectancy fall prompts later life income concerns

The number of years people in the UK can expect to spend in ‘good’ health decreased for the period 2022-24, according to the Office for National Statistics (ONS), prompting concerns around state pension age increases and later life income

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Full CSPS service recovery expected in June as backlog falls to 56,000 cases

The Civil Service Pensions Taskforce has said it expects full service to be restored to Civil Service pensions by the end of June, as work continues to address ongoing administration issues following the transfer to Capita
CofE Pensions Board posts 9.5% return and unveils clergy pension reforms

The Church of England (CofE) Pensions Board has reported a year of strong investment performance, historic clergy pension reforms, and new responsible investment priorities in its 2025 Annual Review
Uncertainty a greater 'barrier' to self-employed pension saving than a lack of will

A lack of certainty around how pensions work, rather than an unwillingness to save, is acting as one of the largest barriers to self-employed people building up retirement savings, according to research from PensionBee
News in brief - 20 February 2026

The latest news in brief and mandates from the past seven days

High-risk DC pension funds failing to match FTSE 100 over five years

Almost nine in 10 (89 per cent) medium-high- and high-risk defined contribution (DC) pension funds have failed to match the FTSE 100's performance over the past five years, according to research from Investing Insiders
Tribunal upholds FCA bans and fines for pension adviser and fund manager

The Upper Tribunal has upheld the Financial Conduct Authority’s (FCA) decisions to ban and fine an adviser and fund manager


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