IPE's United Kingdom Coverage – Page 38
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NewsHuge amount of work left for schemes ahead of pension dashboards launch
LCP’s survey found that only 39% of its webinar attendees had prepared pensions dashboard ‘project plan’
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NewsTPR’s Statement of Strategy will be challenging and costly for UK schemes
Completing the template as proposed will create a lot of extra work and could add 20% to scheme valuation costs
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NewsGrant Thornton Pensions Fund appoints Cardano as fiduciary manager
Cardano will provide services including investment advice, investment management, and risk management for the £250m scheme
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NewsIndustry provides further backing for PPF endgame role
The consultation on DB surplus extraction and the public sector consolidator operated by PPF closes on 19 April
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NewsUK regulator paves way for return of client-funded investment research
FCA consults on allowing asset managers to bundle payments again, with ‘guardrails’
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NewsLucite International Pension Fund in £130m buy-in with Just Group
The transaction secures the benefits of 438 uninsured members, including 156 pensioners and dependants and 282 deferred members
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NewsAviva launches streamlined bulk purchase annuity service for smaller schemes
The service supports market access for schemes with assets below £100m
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NewsFull self-serve online retirement service provided for UK DB plan
Provider to BT Pension Scheme says service will free up valuable administrator time
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AnalysisMansion House Compact: spotlight on Phoenix
Sam Tufts, head of strategy and solutions in asset management team at Phoenix, spoke to IPE about the group’s plan to extend its private markets experience for DC
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NewsGrant Thornton fined for below par audit of UK local authority pension fund
Failures included obtaining insufficient evidence that the value of investments was materially accurate
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NewsNEST appoints Ian Cornelius as interim CEO
Ian Cornelius will become Interim CEO on 1 May 2024 following a short handover period from Helen Dean who leaves the scheme on 30 April
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NewsCDC should be innovative and diverse, urges Hymans Robertson
Hymans Robertson highlights four areas of focus for the development of CDC: intergenerational fairness, benefits through scale, harnessing inertia, and regulation
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NewsUK master trusts’ overseas equities post three times higher returns than domestic investments
Overseas equity investments do not align with chancellor of the exchequer’s plan to help grow the nation’s economy
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NewsDe Beers Pension Scheme completes £850m full buy-in deal with PIC
The transaction secures the pensions of 1,464 pensioner members and 473 deferred members of the scheme
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NewsLifetime provider model risks undermining success of automatic enrolment
‘Member choice would deliver few benefits, but risk throwing away the gains from auto-enrolment,’ says ABI’s Yvonne Braun
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Opinion PiecesA template for innovation and investment opportunity in health services
Introducing innovations into entrenched organisations is always a challenge. No more so than in the UK’s much loved, much criticised and, many would argue, barely functioning National Health Service (NHS). Yet revolutions in AI and technology should be able to transform the NHS for the better in a cost-effective manner.
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NewsNorwegian wealth fund ratchets up criticism of UK’s dual-class share plan
Apart from undermining UK’s reputation for strong investor protection, argues NBIM, FCA’s efforts might not even pay off
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NewsUK pensions committee calls for fresh approach to funding regulations
Industry welcomes recommendations that will help open DB schemes thrive
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NewsDWP publishes guidance on pensions dashboard connection
While it is not mandatory, UK pensions minister urges trustees to follow the guidance
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NewsNext Group completes £510m buy-in deal with Pension Insurance Corporation
Pension liabilities for over 3,600 pensioners and deferred policyholders of the Next Pension Plan have now been fully insured
