Newsmakers
Union to Strike over Pensions at 61 UK Universities
UCU plans four weeks of strikes after pension dispute talks end without a deal.
Tag: UK
UK Defined Contribution Funds Rose 21% in 2017
Total assets of all plans grew to £48 billion.
Newsmakers
Royal Mail, Union Reach Pension Deal
Tentative agreement ends months-long dispute between the postal service and its main union.
UK Pension Scammers Ordered to Repay £13.7 Million
Friendly Pensions conned 245 victims over a two-year period.
PLSA Adds Sustainability Section to Pension Governance, Voting Guidelines
Updated guidelines recommend pension funds not support board re-election without climate change risk assessment, response to business effects.
Newsmakers
Top UK University Union Members to Strike over Pension Changes
Average professor could lose over $200k in benefits under new plan.
Newsmakers
UK Pension Incomes Hit Pre-Recession High
Retirement incomes have surged 30% in the past five years.
Asset Allocation
UK Pension De-Risking Expected to Rise Sharply in 2018
Report finds improving funded levels are making de-risking moves more affordable.
UK Companies Reduce Pension Deficit by £8 Billion
Mercer expects 2018 to be ‘biggest year ever’ for pension risk transfer.
UK’s USS Reaches $2.95 Billion Settlement with Petrobras
Universities pension fund reaches partial settlement of class-action suit.
UK Regulator to Prosecute Company for Lack of Pension
Birmingham’s Crest Healthcare accused of shirking auto-enrollment duties.
UK to Relax Rules for Fossil Fuel Divestment
Local authority pension plans expected to be earliest to implement new regulations.
Royal Mail, Union Make Headway in Pension Talks
Company changes position on wage-in-retirement plan.
FCA Accuses Four Asset Managers of Breaking Law
Statement of objections initiates regulator’s first enforcement case.
FirstGroup First Private Firm to Consolidate Pensions under LGPS
Move will bring three funds under control of one administrating authority.