FTSE 350 Pension Gap Shrinks by £43 Billion in H1
Aggregate deficit falls to £29 billion at the end of May.
Tag: UK
TPR Fines Rentokil Trustee £25,000 for Missed Valuations
Pension failed to complete triennial valuations in 2013 and 2016.
British Airways Wins Lawsuit over Pension Trustees
Court of Appeals overturns High Court ruling in favor of trustees making discretionary increases.
TPR Fines Trustees for Not Reporting Unpaid Contributions
Smart Pension failed to collect and invest nearly £900,000 in pension contributions.
FCA Looks to Protect Consumers’ Pensions
UK financial body launches consultation on proposed measures to help plan participants.
UK Directive Could Boost ESG Investments
Department Works and Pensions launches consultation on trustee investment responsibilities.
UK Initiates Social Impact Investment Drive
Initiative aims to make ESG investing ‘business as usual.’
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.