Regulation
UK Pension Regulator Sets Targets for Reaching Net Zero by 2030, 2050
TPR said it will aim to eliminate up to 90% of emissions, while offsetting the remaining 10% with carbon credits.
Tag: TPR
Pensions
DC Pensions in UK Will Soon Be Required to Disclose Illiquid Asset Policy
Beginning October 1, trustees must include the asset class breakdown for each of their plan’s default arrangements.
Pensions
UK Tribunal Upholds TPR’s Pension Contribution Notice Powers
The Meghraj Group pension’s sponsor was ordered to pony up nearly 2 million pounds following a dividend payment probe.
Regulation
UK Pension Regulator Targets Plans for Climate, ESG Non-Compliance
TPR is warning trustees they could be fined up to £50,000 if they don’t provide key ESG data.
UK Regulator TPR Names Nausicaa Delfas Chief Executive
She will succeed Charles Counsell who is stepping down at the end of March.
Regulation
Regulator Calls on UK Trustees to Prepare for Next Bond Market Meltdown
The Pensions Regulator wants LDI-driven plans to be ready if yields suddenly jump like they did in September.
Pensions
U.K. Regulator Says Pension Trustees Are Not Prioritizing Diversity, Inclusion
TPR has published an ED&I action plan in response to ‘worrying’ research showing that trustees are doing too little.
Newsmakers
Charles Counsell to Step Down as TPR CEO
Counsell, who took the post in 2019, will leave at the end of March 2023.
Regulation
UK Regulator Launches Pension Spot Check Inspections
The Pensions Regulator has also published for consultation a new enforcement and prosecution policy.
Newsmakers
UK Regulator Anoints Clara-Pensions as First DB Superfund
The consolidation of pension funds is intended to provide a more efficient alternative to bulk annuities.
Pensions
Sanofi Agrees to Bolster Pension, Match Dividends with Plan Contributions
TPR pressures French biopharmaceutical company to boost UK defined benefit plan funding.
Pensions
UK Pensions Face Enforcement Action Over Climate Disclosures
The Pensions Regulator warns trustees not to shirk their climate risk disclosure responsibilities.
Research
UK Regulator TPR Says DC Pensions Falling Behind on Climate Change
Survey finds that only 43% of defined contribution plans’ investment strategies consider climate change.
Risk
Nearly £31 Million Lost to UK Pension Fraud in Three Years
Regulators say amount is likely even higher as many scams are unreported or unnoticed for years.
Research
UK Corporate Pension Funding Hammered by Pandemic in April
FTSE 350 company plans swing to £52 billion deficit from £10 billion surplus during the month.