The health of the UK’s defined benefit (DB) pension schemes has continued to improve since the sharp decline seen at the start of the pandemic, with analysis from Legal & General Investment Management (LGIM) suggesting that it is “far stronger” than pre-Covid-19 levels.
The provider’s Health Tracker, a monitor of the current health of UK DB pension schemes, found that the average DB scheme can expect to pay 98.2 per cent of accrued pension benefits as of 31 March 2021, representing a 6.8 percentage point year-on-year increase
The three defendants in The Pensions Regulator's (TPR's) investigation into a 'multi-million-pound' pension fraud have appeared in court again this week, with a trial date now confirmed for June 2022
The pensions industry should be more open to different recruitment approaches, self-evaluation and listening to new voices in order to increase diversity, according to a report from NextGen
Buck has announced the acquisition of employee communications firm Caburn Hope, which will form part of its existing UK communications company, Concert, following a transition period
The Pensions Regulator (TPR) executive director of frontline regulation, Nicola Parish, details how victims of pension-related crimes can reach out for support from the regulator
The Pensions Regulator’s proposal that covenant visibility is only three to five years for most schemes has caused concerns that reliance on the covenant may be watered down. Laura Blows considers the implications of a change in covenant emphasis and how schemes determine covenant time horizons
The Pension Schemes Act features new powers for The Pensions Regulator from the autumn, including criminal sanctions for ‘any person’ acting to the detriment of the pension scheme without ‘reasonable excuse’. Concerns have arisen that anyone, however distantly impacting a pension scheme, may be at risk of prosecution simply by going about standard business actions. To what extent are these fears justified and what preparations can be done while waiting for further guidance? Laura Blows finds out