UK Initiates Social Impact Investment Drive
Initiative aims to make ESG investing ‘business as usual.’
Tag: UK
Scottish Widows Calls for Removal of Auto Enrollment Minimum
Insurance firm says £10,000 threshold ‘an unfair barrier’ for low-paid workers.
Trade Association Launches European Pension Institute
Newly formed organization aims to address gap and promote personal pensions.
Recruitment Firm Staff Posed as Temps to Opt Workers Out of Pensions
TPR says the company tried to deny workers’ pensions to avoid benefits payments.
UK MPs Call for Mandatory Disclosure of Climate Change Risks
Parliamentary committee said a voluntary approach for asset managers would not be effective.
UK Corporate Pension Funded Levels Surge in May
The aggregate funded level of the FTSE 100 pension funds climbed to 99% last month.
Southampton University Is Closing Its DB Plan for Future Non-Teaching Members
Contributions may increase for existing beneficiaries.
Newsmakers
UK Pension Watchdog Head to Step Down in February
Chief executive had faced criticism from parliamentary committees of her handling of BHS and Carillion crises.
Most UK Pensions Taking Steps to Manage Climate Risk
However, some funds are ‘worryingly complacent’ says Parliamentary committee.
British Court Sides with TPR to Compel Company to Bolster Pension Plan
Upper Tribunal approves regulator’s power to require parent ITV to aid failed subsidiary Box Clever’s pension.
High Court Ruling Fails to Settle Overpayment Recovery Issue
Decision offers some clarity, but adds confusion for pension trustees collecting overpayments.
UK Pension Funding Level Rises 2% in April to 95.1%
Aggregate funded level of 5,588 pensions increased 5.6% over the past 12 months.
Risk
Church Commissioners Slides in 2017, but Still Returns Strong Results
Church pension prepares for lower future returns, more volatility, and higher interest rates.
TPR Unveils ‘Tougher Approach’ to Pension Regulation
Regulator releases three-year plan to improve UK pension standards.
Regulation
Rolls-Royce Reaches Pension Deal with Unions
DB plan to stay open until 2024 as contributions are increased for DC plan members.