The Bank of England (BofE) has confirmed that it is midway through work to decide on the appropriate steady-state response to the gilt market volatility seen in autumn 2022, and is aiming to publish the framework in the second half of March.
Speaking at a Work and Pensions Committee (WPC) hearing, BofE executive director, financial stability strategy and risk, Sarah Breeden, suggested that while the guidance from The Pensions Regulator and European regulators had been a "great interim step", it was a "holding measure"
Strike action across 150 UK universities has begun today (1 February), with over 70,000 staff expected to be on strike as part of the University and College Union’s (UCU) ongoing dispute over pay, working conditions and pensions
Pension schemes should be more familiar with their members so that they can spot any unusual behaviour, Pension Scams Industry Group (PSIG) chair, Margaret Snowdon, has stated
Pensions Dashboards Programme (PDP) principal, Chris Curry, sets the record straight on common pensions dashboards misunderstandings, providing further clarification around the ‘dashboards available point’
The net deficit of the GSK Group’s defined benefit (DB) pension schemes increased from £1,129m at 31 December 2021 to £1,355m as at 31 December 2022, despite an increase in cash contributions from the sponsoring group
With an increased focus on ESG in both pensions investment strategies and the activities of underlying businesses in which funds are invested, greenwashing is not just an irritant but a real danger to schemes, members and trustees. David Adams reports on attempts to tackle the problem