Prudential Closes $3.2 Billion in New UK Longevity Reinsurance Deals
Firm says market for pension de-risking is expanding at its fastest pace in years.
Tag: UK
Research
Britons Missing Nearly £20 Billion in ‘Lost’ Pensions
Report says changing jobs, moving homes are most likely causes of lost pensions.
TPR Fines Trustees for Not Investing Savings Promptly
Failure to invest £1.4 million for three years affected more than 9,000 Salvus Master Trust plan members.
UK DB Pensions Increase to 97.7% Funded
Aggregate deficit of nearly 5,600 plans plunges more than 65% in August.
Legal & General in $3.14 Billion Deal to Take Over Nortel Pension Plan
Bulk annuity buyout frees fund from British pension rescue agency.
UK Workplace Pension Membership Hits New High
Active membership of DC plans rise, as membership in DB plans falls.
UK Pension Scam Victims Lost Average of £91,000 in 2017
Regulators TPR, FCA launch ad campaign to alert the public to pension fraud.
UK Trustees Could Face Climate Risk Lawsuits
ClientEarth says pensions’ legal responsibilities on climate risk are evolving.
FTSE 350 Pension Gap Shrinks by £43 Billion in H1
Aggregate deficit falls to £29 billion at the end of May.
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.’