FCA Says No Deal Brexit Impact ‘Less Severe’
Regulator credits ongoing preparations for mitigating Brexit risks to UK businesses.
Tag: UK
UK Pensioners Commit to Determine Investments’ Impact on Climate Before Executing Deals
High-profile signatories across the UK pledge to find effective means to decarbonize their investment pipelines and portfolios.
Newsmakers
Ex-Berkshire Pension Fund Chief Dies
Nick Greenwood introduced alternatives, longevity hedging to the local government pension fund.
Automatic Enrollment Can Lead to More Fees
Report finds auto-enrollment means multiple pensions, which leads to more fees.
FTSE 350 Pension Deficit Hits Two-Year High
Mercer warns pension trustees to brace for a no-deal Brexit.
Corporate Moves
Boris Johnson Swiftly Picks a New Work and Pensions Secretary
New head picked almost immediately after former head’s shock resignation.
UK Firm Shuttered Over Pension Plan Mismanagement
Ecroignard Trustees was accused of investing in risky, illiquid vehicles.
Research
Fewer Deaths May Mean Increased Pension Liabilities
Lane Clark & Peacock expects UK mortality projections to show longer life expectancies.
Newsmakers
Turkish Army Pension Fund Unit to Buy British Steel
However, fund was recently accused of corruption by Turkish parliament.
UK DB Plans’ Deficit Widens to £90.7 billion in July
Funding level falls to 95% from 97%.
Millions at Risk of Falling for Pension Scams
UK Regulators warn public to be wary of tactics used to pilfer their savings.
Newsmakers
Church Commissioners CEO to Retire After 25 Years
Andrew Brown helped diversify fund’s assets, progress responsible investment policies.
UK Pensions Making ‘Fat Living’ Off of Hidden Fees
Scathing report says industry can’t be trusted to voluntarily disclose all fees.
Risk
British American Tobacco in £3.4 Billion Pension Buy-In Deal
Fund is fifth FTSE 100 pension plan to complete risk transfer transaction in 2019.
UK’s FCA Proposes Ban on Contingent Pension Transfer Fees
Regulator says lucrative transfer incentives create conflict of interest for advisers.