Latest News

Top Story

IMI deferred fund agrees sixth partial buy-in with PIC


By Sophie Smith

The trustee of the IMI 2014 Deferred Fund has agreed a £175m partial buy-in with the Pension Insurance Corporation (PIC), covering liabilities for the remaining 1,378 uninsured scheme members, around 97 per cent of which are deferred members.

This is the sixth partial buy-in undertaken by the scheme, with PIC having insured approximately £1bn of liabilities sponsored by IMI plc since 2016, including a £250m partial buy-in in January 2022


Check out our latest news

'Overwhelming' support to require accredited trustees, says AMNT

The Association of Member Nominated Trustees (AMNT) has suggested that there would be "overwhelming" support for a new requirements for every pension scheme to have at least one accredited trustee on its board
DWP and TPR face calls to 'urgently' address DB Funding Code concerns

The Department for Work and Pensions (DWP) and The Pensions Regulator (TPR) have been encouraged to give “urgent attention” to addressing industry concerns around the draft defined benefit (DB) funding regulations

Inclusion of universal professional trustees ‘long way off’ - TPR

Ensuring every trustee board has at least one professional trustee on it is a “long way off”, The Pensions Regulator (TPR) policy lead, Nick Gannon, has stated
This week in pensions: 30 January - 3 February

Pensions Age takes a look back at the top stories of the week, including the government's defined contribution (DC) package, the latest bulk annuity market updates, and industry concerns around pension tax complexities

Increase in economically inactive adults ‘nothing to do with retirement’ - LCP

The increased number of economically inactive working age people has “nothing to do with retirement from paid work”, LCP partner, Steve Webb has stated
News in brief - 3 February 2023

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


View More News

Latest Podcasts

View More Podcasts

View Videos

Check out our latest appointments

Check out our latest features

Time’s up

With work on auto-enrolment reforms again delayed, Sophie Smith considers whether AE reforms could be on the horizon for the year ahead, or whether this could be another failed New Year’s resolution

Cleaning greenwash out of pensions

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

The blame game

With almost everyone involved with liability-driven investments (LDI) getting caught out by the dramatic events following the September 2022 mini-Budget, what needs to be done to improve oversight of the investment strategy?

Looking to the Left

In light of the recent publication of a report by the Fabian Society, Tom Dunstan examines both the report’s contents and the industry’s reaction to it to understand what the political pensions landscape might look like under a Labour government

Trusteeship in 2023: A rocky road

With the ever-constant regulatory change and uncertain economic landscape, trustees may be

feeling justifiably overwhelmed as they look out into 2023. Francesca Fabrizi explores

Powering the dashboards revolution

With deadlines set and standards emerging, attention is turning to ensuring pension providers and schemes are ready to provide data to dashboards from next year. Nick Reeve explores the progress so far and the hurdles still left to negotiate

Good for pensions, good for Britain?

Will new Solvency II proposals help insurers cope with the buyout big-bang of the next few years and invest in UK growth? Maggie Williams explores

2023 for the APPT

As the new year starts, Tom Dunstan speaks to Association of Professional Pension Trustees (APPT) chair, Harus Rai, about the association’s goals for 2023, the challenges they envision facing, the reforms they would like to see occur and more

The scale of the problem

In the first of Pensions Age’s year-long series on the subject of scams, Laura Blows explores the different types of pension scams, how the cost-of-living crisis may increase the prevalence of scams, and the impact of scams for both the member and the pensions industry

The tip of the iceberg?

Concerns around a potential mis-selling issue have emerged as part of the inquiries around LDI, but in such a complex field, it can be hard to tell if this is a technicality, or a genuine concern for trustees. Sophie Smith reports

Putting strategy into action

The Pensions Regulator (TPR) has emphasised that it will take action against those trustees who ignore employer-related investment rules. Sophie Smith considers the recent action taken by the regulator, and TPR’s expectations going forward

Stick or twist?

Many UK companies opted for a master trust for the first time in 2012 to meet their auto-enrolment duties. A decade on, Standard Life head of master trust, Donna Walsh, says it may be time to conduct a pensions review

View More Features

Check out our latest jobs


View More Jobs

Are current roads into retirement delivering member value?
Laura Blows explores HSBC Master Trust’s recent report, Converting pension pots into incomes, with HSBC Retirement Services CEO, Alison Hatcher.

Savings and finance at retirement
Laura Blows is joined by Claire Felgate, Head of Global Consultant Relations, UK, at BlackRock, to discuss savings and finance at retirement. Please click here for an edited write-up of the video

Making pension engagement enjoyable through technology
Laura Blows speaks to Nick Hall, business development director and Chartered Financial Planner at UK-based Wealth Wizards about the opportunities that technology provides for increasing people’s engagement with pensions and increasing their retirement wealth. Please click here for an edited write-up of the video

Pension portfolios – the role of asset-backed securities
Laura Blows is joined by Royal London Asset Management (RLAM) head of sterling credit research, Martin Foden, and its Senior Fund Manager, Shalin Shah to discuss the role of asset-backed securities (ABS) within pension fund portfolios
Incorporating ESG into fixed income
Laura Blows is joined by TCW head of fixed income ESG, Jamie Franco, to discuss incorporating environmental, social and governance (ESG) strategies into fixed income portfolios

Advertisement
© 2019 Perspective Publishing     Privacy & Cookies