UK Archives - Page 173 of 193 - Pension Policy International

25SepSeptember 25, 2018

Investment Consultants Market Investigation. Provisional Decision report

By CMA Overview of our provisional decision Investment consultancy and fiduciary management services influence the pension outcomes for millions of people. It is vital that competition within these markets works well. Both investment consultancy and fiduciary management are useful services for many pension schemes, helping them to manage their investments well on behalf of scheme members. We have provisionally found that there is an adverse effect on competition and that material customer detriment may be expected to result from it in both the...

September 25, 2018

Books, Regulation, Supervision2018, Public Policy, UK

25SepSeptember 25, 2018

UK. Mercer claims CMA report used “flawed data”

Mercer has accused the Competition and Markets Authority of using incorrect data and unrepresentative samples in its recent Investment Consultants Market Investigation. This probe look at consultants offering investment and fiduciary management services to the £1.6tn pension fund industry. But Mercer’s UK chief executive Fiona Dunsire claims the errors in this data analysis “cast doubt on the credibility of key aspects” of the CMA’s provisional decision report, published in the July this year. Read more @corporate adviser Read the CMA's provisonal report here

September 25, 2018

News, SliderUK

25SepSeptember 25, 2018

UK. Pensions regulator fines more than triple in a year

The value of fines issued by The Pensions Regulator (TPR) has more than tripled in a year, reaching £42m in 2017/18. This value, which is made up of fixed and escalating penalty notices, compares to £12.6m in the previous year, according to information published by TPR. A fixed penalty notice of £400 is issued to an employer for failure to comply with a statutory notice or some specific employer duties. An escalating penalty notice varies between £50 and £10,000 a day depending...

September 25, 2018

News, Slider2018, UK

24SepSeptember 24, 2018

UK. Small firms exposed to pension fund risks, warns Goldman Sachs

The funding positions of company pension pots improved last year but smaller firms are not managing their risk exposures well, according to Goldman Sachs. The US investment bank’s annual survey of FTSE 350 pension schemes found many were “in the best position they have been in for a long time” after funding levels improved. However, it cautioned smaller schemes demonstrated more volatile funding outcomes due to “a less robust” approach to risk management. Goldman Sachs found the very smallest schemes were...

September 24, 2018

News, Slider2018, UK

20SepSeptember 20, 2018

UK. Pension funds shifting towards more complex investment portfolios

The majority of institutional investors like pension funds are increasing overhauling their portfolios in search of greater returns, with two-thirds having added at least one new asset class over the last three years. That is according to a global study of investors with around £6trn in assets by consultancy firm bfinance, which finds that private debt, infrastructure and real estate are among the most popular new additions to portfolios. Almost half of investors have increased their allocations to private markets, although...

September 20, 2018

News, Slider2018, UK

20SepSeptember 20, 2018

UK. Industry demands mandatory pension dashboard

More than 20 pension providers and administrators are demanding ‘a firm stance on compulsion’ from the government on the pension dashboard after coming together to discuss the project. In the meeting hosted yesterday (18 September) by fintech provider Origo, providers agreed the government will need to legislate to "ensure the whole industry is fully compelled to participate". The plan behind the pension dashboard, which is due to launch in 2019, is to create the technology to allow savers to see all...

September 20, 2018

News, Slider2018, UK

19SepSeptember 19, 2018

UK. Regulator to monitor 60 pension schemes ‘one to one’

The Pensions Regulator (TPR) is to launch a new approach to its workplace pension regulation which will see it provide 'one to one' supervision of 60 pension schemes. The new range of interventions aim to address risks sooner, clarify the regulator's expectations and take action where necessary. It will include the introduction of a supervision regime to monitor schemes more closely, with higher and lower intensity interventions dependent on the risks identified. From next month, TPR will implement one-to-one supervision for...

September 19, 2018

News, Slider2018, UK

18SepSeptember 18, 2018

Watchdog Vows ‘Radical Shake-Up’ For Pensions Sector

Law360, London (September 17, 2018, 4:53 PM BST) -- A growing number of Britain's workplace retirement funds will face tougher scrutiny starting next month as part of a “radical shake-up” by The Pensions Regulator, the watchdog said Monday. Schemes of all sizes and across all sectors can expect more contact with the regulator as it accelerates efforts to identify risks and intervene sooner, outgoing Chief Executive Lesley Titcomb said in a statement. “Following a complete review of our entire approach to...

September 18, 2018

News, Slider2018, UK

17SepSeptember 17, 2018

Medium-Run Implications of Changing Demographic Structures for the Macro-Economy

By Yunus Aksoy (Birkbeck, University of London),Henrique S. Basso (Birkbeck College, University of London) & Ron Smith (Birkbeck College) In the decade since the onset of the financial crisis, the disappointing recovery has sparked renewed concern about the medium-run outlook for advanced economies. Rather than returning to the pre-crisis trend, output has continued to diverge from it. It is difficult to know whether this is a cyclical phenomenon, a slow recovery towards steady state, or a secular change in the...

September 17, 2018

Aging, Articles, Labor Market, Savings2018, Political economy, UK

12SepSeptember 12, 2018

European Court: UK Pension Lifeboat Should Lift Compensation Cap

Last Thursday, the Court of Justice of the European Union ruled that pensioners should receive a minimum of 50 percent of the value of their pension in the event that their employer eventually goes bust. The Pension Protection Fund (PPF), the pensions lifeboat of the United Kingdom, had imposed a cap for the compensation of employees who had lost their pensions when their employers went under at £35,000. The CJEU reviewed the case of Grenville Hampshire who lost approximately 67 percent...

September 12, 2018

News, Slider2018, UK

September 2018