August 2025
26Aug

Dutch Central Bank strengthens nature risk rules for pension funds

The Dutch Central Bank (DNB) has revised its guide on managing climate and nature-related risks, originally introduced in 2023. The move follows growing concerns about the impact of climate change and biodiversity loss on the Dutch financial system, particularly pension funds and insurance companies. The updated guidance reflects DNB’s expectation that pension funds must identify and manage climate and nature risks effectively. It also introduces enhanced best practice recommendations, shaped through consultations with industry stakeholders such as Ortec Finance. As part of its...

August 26, 2025
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20Aug

UK. Over £80m in compensation secured for pension scam victims

Over 2,000 pension scam victims have received compensation to help them rebuild their lives, with a total of £81.5m in compensation paid to 58 pension schemes whose members were defrauded by scammers, The Pensions Regulator (TPR) has confirmed. The update from TPR, the Fraud Compensation Fund (FCF), The Pensions Ombudsman (TPO) and Dalriada Trustees confirmed that more payments are set to follow for other victims as a result of the joint-agency initiative. Work to secure compensation for savers began after a High Court...

August 20, 2025
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19Aug

UK. Time for a course correction: How pension sustainability reporting must evolve

In June, the Department for Work and Pensions launched a consultation on UK sustainability reporting standards and corporate disclosure requirements – adding it would also consider whether to update the current rules for pension schemes. In this article, Tegs Harding takes a look at the current TCFD framework and asks how it could be improved. There's no doubt that the introduction of the Taskforce on Climate-Related Financial Disclosures (TCFD) regime was a milestone; It pushed climate risk onto trustee agendas...

August 19, 2025
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07Aug

UK. FCA Looks to Simplify Sustainability Reporting Requirements for Asset Managers, Insurers

The Financial Conduct Authority (FCA), the UK’s conduct regulator for financial services firms and financial markets, announced plans to streamline and improve its sustainability reporting framework for asset managers, life insurers and pension providers, including examining how to simplify disclosure requirements and ease regulatory burdens on firms. The announcement follows a review carried out by the FCA of the results of climate reporting rules put in place by the regulator in 2021, which required asset managers, life insurers and FCA-regulated pension...

August 7, 2025
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01Aug

Enhancing Financial Regulation of Green Infrastructure Investment

By Andreas (Andy) Jobst The paper examines the critical need for enhanced financial regulation to support green infrastructure investment as climate action becomes increasingly pressing. It points out that infrastructure is responsible for more than two-thirds of global greenhouse gas emissions and that climate-related disasters lead to annual losses of nearly one percent of GDP, with poorer countries being disproportionately affected. Green infrastructure plays a crucial role in reducing carbon footprints through renewable energy and low-emission transport, as well as...

August 1, 2025
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July 2025
25Jul

State of the nation: DB endgames – where are we now and what’s next?

By Laura McLaren & Lauren Branney  For those managing defined benefit (DB) pension schemes, it’s a pivotal and exciting time. The pensions landscape has changed significantly in recent years, opening up new strategic possibilities. We’ve seen record-breaking activity in the bulk annuity market and growing innovation in consolidation, and alternative risk transfer, leading to new settlement options. We’ve also seen more schemes considering the potential benefits of running on. We explore how the DB pensions environment has shifted, and what this could...

July 25, 2025
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25Jul

UK. Over half DB schemes view regulation as biggest risk to endgame strategy

More than half (51.6 per cent) of defined benefit (DB) pension schemes view regulation as the greatest risk to their endgame strategy, according to research from Hymans Robertson. The consultancy’s State of the Nation paper, part of its Excellence in Endgames hub, showed that aside from regulation, schemes identified investment risk (25.8 per cent), longevity risk (19.4 per cent), and sponsor covenant (3.2 per cent) as other key concerns in pursuing their endgame strategies. Additionally, the report showed that among those considering running on as...

July 25, 2025
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22Jul

UK. PensionBee Urges Action As Government Revives Pensions Commission To Tackle Looming Retirement Crisis

PensionBee, a leader in the consumer retirement market, has called on the Government to match words with action following today’s revival of the Pensions Commission. PensionBee, welcomed the move as a long-overdue wake-up call, warning that without bold reform, millions – including carers, the self-employed, women and low-paid workers – risk sleepwalking into retirement poverty. Lisa Picardo, Chief Business Officer UK at PensionBee said: “This Pensions Commission shines a welcome light on the very real risk that millions face a poorer retirement unless...

July 22, 2025
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18Jul

UK. Webb sets out ‘three tests’ for govt pension review

Former pensions minister and LCP partner Steve Webb has set out ‘three tests’ against which the second stage of the government’s pensions review should be judged. Focusing on the adequacy of pension savings, Webb said the first test needs to be questioning whether the review is given a ‘free hand’, including recommending reforms which will cost the government money. Most changes to the system, including getting people to save more, will have a cost implication, such as through higher costs of...

July 18, 2025
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17Jul

Vietnam updates insurance law with guidance on lump-sum payouts

It also clarifies the entitlement to retirement and survivorship benefits. Vietnam's Government has issued a decree to provide detailed guidance on several provisions of the Law on Social Insurance related to voluntary social insurance. The new decree, Decree 159/2025/ND-CP, took effect on 1 July, replacing Decree 134/2015/ND-CP. Key areas covered include contribution rules, benefit entitlements, and transitional provisions. Specifically, the decree outlines regulations for individuals who do not qualify for pensions or social allowances due to age or contribution conditions; sets...

July 17, 2025
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