UK Archives - Page 65 of 188 - Pension Policy International

27SepSeptember 27, 2023

Comparing ESG regulation globally remains elusive – report

Comparing global regulatory demands on ESG funds will continue to be elusive, according to a regulatory update from ISS ESG published Sept. 21. Experts at the Institutional Shareholder Services' sustainable investment arm reviewed current and proposed regulations in the European Union, U.K., U.S., Canada, Australia, Hong Kong, Singapore and Japan, and surmised "that navigating the emerging regimes will remain a challenge for the foreseeable future," the 2023 Global Regulatory Update said. It noted that two major sustainability reporting standards were finalized in 2023:...

September 27, 2023

NewsAustralia, ESG, EU, Japan, Regulation, UK, US

27SepSeptember 27, 2023

UK pensions pull back from private equity

The steady increase in UK interest rates since the start of last year has resulted in improved funding ratios for the plans that comprise this $1.67tn pool of capital, allowing them to move money out of buyout and venture capital funds and into less risky assets, according to several pension system managers and consultants. Traditional pensions have been a mainstay source of capital to sponsored funds for decades, but changed market conditions since last year have caused that flow to...

September 27, 2023

NewsInvestment, UK

26SepSeptember 26, 2023

UK pension schemes reveal 4,000% rise in cyber security breaches

Pension scheme trustees have been urged to remain mindful of cybersecurity risks, after research from RPC revealed a 4,000 per cent increase in data breach reports to the Information Commissioners Office (ICO) in the year to June 2023. The research found that UK financial services firms reported 640 cybersecurity breaches to the ICO in the year to June 30 2023, marking a threefold increase on the 187 cybersecurity breaches in the previous period. UK pension schemes reported the biggest...

September 26, 2023

NewsOperations, UK

26SepSeptember 26, 2023

UK. How can the pensions market help diversify DC savings?

There is a wide gap between the defined benefit and defined contribution generations in terms of the standard of living they are heading into for in retirement. Narrowing this gap was identified as a key driver for government by pensions minister Laura Trott in her keynote address to Onward, which she delivered the day after chancellor Jeremy Hunt's Mansion House speech. But while many who represent pension providers are clamouring for this gap to be filled by additional contributions, the government says we can...

September 26, 2023

NewsInvestment, Pension Management, UK

25SepSeptember 25, 2023

UK: Future Of Work | Understanding An Ageing Workforce

We recently launched our report on an Ageing Workforce. The report was produced by Censuswide, who surveyed 700 employees aged between 35-55 and working in different industry sectors across the UK. It explores areas including benefits, pensions, retirement planning, training and skillsets and offers employers a valuable tool in their planning for incentivising, supporting and retaining older employees. The ability to work on a flexible basis and from different locations (including overseas) continues to be an important benefit, and one...

September 25, 2023

NewsLabor Market, UK

22SepSeptember 22, 2023

The Future of Global Retirement

By Andrew Evans & Will Wynne Smart is a world-leading retirement technology provider. Our mission is to transform retirement, savings and financial wellbeing, across all generations, around the world. Launched in 2015, our technology platform – Keystone – serves the needs of retirement savers globally, and we are now active on four continents. Keystone is specifically designed to help governments and financial services organisations to serve their citizens' and customers' retirement saving and spending needs. Smart’s team of engineers, researchers and user...

September 22, 2023

Books, Books, Reports, Savings2023, Australia, Investment, Pension Management, savings, South Africa, UK, US

22SepSeptember 22, 2023

A year after budget crisis, UK debt faces fresh pensions headwind

Britain's pensions industry, Europe's biggest, is posing a new challenge to the country's 2 trillion pound ($2.5 trillion) government bond market a year on from the "mini-budget" crisis that put the sector at the centre of financial stability fears. Pension funds are big buyers of UK debt, known as gilts, but they are likely to step back just as the Bank of England (BoE) reduces its own holdings faster and debt issuance remains high, adding pressure on British borrowing costs. Benefiting...

September 22, 2023

NewsPension Management, UK

21SepSeptember 21, 2023

Higher fees for inclusion of ESG and private markets a ‘real barrier’ for DC schemes

The higher charges for incorporating environmental, social and governance (ESG) and private market investments is a “real barrier” for defined contribution (DC) schemes, which are reluctant to reverse the fall in charges seen over the past decade, according to WTW.The consultancy’s latest DC Pensions and Savings report found that average charges for DC schemes in the UK had fallen by 20 per cent, from 41 basis points in 2014 to 33 basis points in 2023.It noted that this was...

September 21, 2023

NewsDefined Contribution, ESG, Pension Management, UK

20SepSeptember 20, 2023

UK: Buying A Distressed Business With A Defined Benefit Pension Scheme

Alexandra Wood, Devi Shah and Andrew Block discuss the additional complexities which a PE firm will face when acquiring a distressed business with a defined benefit occupational pension scheme, in light of the protections afforded by both the UK legislative framework and the role and support of the Pensions Regulator. Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England & Wales), Mayer Brown...

September 20, 2023

NewsDefined Benefit, Occupational Pensions, Regulation, UK

19SepSeptember 19, 2023

Brits calling for state pensions to be raised to £416 a week for every person over 60

Brits are calling for state pensions to be raised to £416 a week in line with the National Minimum Wage after previous efforts failed. A new petition has been set up calling on ministers to increase the allowance to more than double the current figure, despite a previous one which racked up more than 36,000 signatures being rejected by the DWP. The latest calls are being made by Michael Thompson, who is also demanding the UK pension age is lowered...

September 19, 2023

NewsIncome, State Pensions, UK

September 2023