DB and DC corporate pensions news and more http://www.pensionsage.com/ The Xylem UK Pension Plan has completed a £255m bulk annuity transaction with Rothesay Life, protecting the benefits of over 2,500 final salary section members http://www.pensionsage.com http://www.pensionsage.com 02 Mar 2020, 11:48:12 Mortality rates in England and Wales have fallen 3.8 per cent lower in 2019 than 2018, the largest drop since 2011, new statistics from the Continuous Mortality Investigation (CMI) have shown http://www.pensionsage.com/pa/Mortality-rates-see-biggest-fall-since-2011.php http://www.pensionsage.com/pa/Mortality-rates-see-biggest-fall-since-2011.php 02 Mar 2020, 11:21:41 The Pensions Regulator (TPR) has committed to assessing how savers transferring into defined benefit (DB) superfunds are protected. In a blog, TPR said superfunds were an example of the sort of "other types of vehicles” that the market is moving towards, acknowledging that "there could be benefits to this for some schemes” http://www.pensionsage.com/pa/TPR-to-asses-protection-of-DB-superfund-savers.php http://www.pensionsage.com/pa/TPR-to-asses-protection-of-DB-superfund-savers.php 28 Feb 2020, 14:49:09 AMNT member, Stephen Fallowell, explains why consumer definitions are important for pension engagement http://www.pensionsage.com/pa/Guest-comment-Difference-of-definitions.php http://www.pensionsage.com/pa/Guest-comment-Difference-of-definitions.php 28 Feb 2020, 14:42:16 The Rolls Royce defined benefit (DB) pension scheme deficit has fallen by £849m to £208m, the group's financial report has shown http://www.pensionsage.com http://www.pensionsage.com 28 Feb 2020, 14:24:04 The winners of the annual Pensions Age Awards were announced last night at a sellout, glittering gala ceremony in London, attended by almost 600 people http://www.pensionsage.com/pa/Pensions-Age-Awards-2020-winners-announced.php http://www.pensionsage.com/pa/Pensions-Age-Awards-2020-winners-announced.php 28 Feb 2020, 13:09:42 The latest news in brief and mandates from the past seven days http://www.pensionsage.com/pa/News-in-brief-28-February-2020.php http://www.pensionsage.com/pa/News-in-brief-28-February-2020.php 28 Feb 2020, 12:50:28 Four fifths (80 per cent) of pension professionals favour removing the auto-enrolment minimum age criteria, according to new research http://www.pensionsage.com/pa/Pension-professionals-keen-to-widen-AE-age-range.php http://www.pensionsage.com/pa/Pension-professionals-keen-to-widen-AE-age-range.php 27 Feb 2020, 12:28:47 Over a third (40 per cent) of those entitled to pension credit have failed to claim the benefit, with up to £2.5bn worth of pension credit unclaimed, new government statistics have revealed http://www.pensionsage.com/pa/2.5bn-pension-credit-unclaimed-DWP.php http://www.pensionsage.com/pa/2.5bn-pension-credit-unclaimed-DWP.php 27 Feb 2020, 12:03:50 Burges Salmon director, Catrin Young, and associate, Charlotte Osmond, discuss the legal hurdles trustees should be aware of in DC scheme consolidation http://www.pensionsage.com/pa/Guest-comment-DC-consolidation-beware-the-legal-pitfalls.php http://www.pensionsage.com/pa/Guest-comment-DC-consolidation-beware-the-legal-pitfalls.php 27 Feb 2020, 11:52:17 More than three quarters of people are keen to use a pensions dashboard to learn more about their retirement savings, according to research from Which? http://www.pensionsage.com/pa/Over-three-quarters-of-people-keen-to-use-pension-dashboard.php http://www.pensionsage.com/pa/Over-three-quarters-of-people-keen-to-use-pension-dashboard.php 27 Feb 2020, 11:27:31 The combined deficit for the National Express defined benefit pension schemes has fallen by over £20m, from £116.8m in 2018 to £90m at 31 December 2019 http://www.pensionsage.com/pa/National-Express-DB-pension-deficit-falls-to-90m.php http://www.pensionsage.com/pa/National-Express-DB-pension-deficit-falls-to-90m.php 27 Feb 2020, 11:12:34 A former pension scheme administrator has been sentenced to two years in prison for stealing £70,000 from Barnet Council’s pension scheme http://www.pensionsage.com/pa/Fraudster-gets-2-year-jail-term-for-70-000-pension-theft.php http://www.pensionsage.com/pa/Fraudster-gets-2-year-jail-term-for-70-000-pension-theft.php 27 Feb 2020, 10:43:42 Almost one fifth of savers don’t access information on their pensions, new analysis from the Association of British Insurers (ABI) has shown http://www.pensionsage.com/pa/Fifth-of-savers-dont-access-pension-ABI.php http://www.pensionsage.com/pa/Fifth-of-savers-dont-access-pension-ABI.php 27 Feb 2020, 10:30:44 The House of Lords is debating a Pensions Schemes Bill amendment which proposes requiring UK pension schemes to outline how they will align investment strategies with the Paris Climate Change Agreement http://www.pensionsage.com/pa/Lords-debate-Pension-Schemes-Bill-Paris-Agreement-amendment.php http://www.pensionsage.com/pa/Lords-debate-Pension-Schemes-Bill-Paris-Agreement-amendment.php 26 Feb 2020, 14:57:47 Three quarters of the low-earners who missed out on government tax relief for their pension contributions in 2016/17 were women, government statistics have shown http://www.pensionsage.com/pa/75-of-savers-caught-in-net-pay-anomaly-are-women.php http://www.pensionsage.com/pa/75-of-savers-caught-in-net-pay-anomaly-are-women.php 26 Feb 2020, 13:12:42 The Money and Pensions Service (Maps) has announced 11 sector leaders to assist with its ten-year government-backed UK Strategy for Financial Wellbeing http://www.pensionsage.com/pa/Maps-appoints-sector-leaders-to-spearhead-10-year-strategy.php http://www.pensionsage.com/pa/Maps-appoints-sector-leaders-to-spearhead-10-year-strategy.php 26 Feb 2020, 11:58:31 HMRC has updated scheme guidance on claiming relief at source tax relief for member contributions, in order to emphasise the role of member playback http://www.pensionsage.com/pa/HMRC-clarifies-playback-declaration-requirements.php http://www.pensionsage.com/pa/HMRC-clarifies-playback-declaration-requirements.php 26 Feb 2020, 11:57:40 The Pensions Ombudsman (TPO) has upheld a misinformation complaint against the Aviva Staff Pension Scheme http://www.pensionsage.com/pa/TPO-upholds-complaint-against-Aviva.php http://www.pensionsage.com/pa/TPO-upholds-complaint-against-Aviva.php 26 Feb 2020, 11:00:49 Over two thirds (67 per cent) of pension professionals expect The Pension Regulator’s (TPR) new defined benefit (DB) funding code to positively impact their schemes, research has revealed http://www.pensionsage.com/pa/Over-two-thirds-optimistic-about-TPR-funding-code.php http://www.pensionsage.com/pa/Over-two-thirds-optimistic-about-TPR-funding-code.php 26 Feb 2020, 11:00:01 The annual increase level to career average public sector pension schemes in 2020 have been announced, with fire service and armed forces’ schemes seeing the largest rise http://www.pensionsage.com/pa/Public-service-scheme-increases-for-2020-announced.php http://www.pensionsage.com/pa/Public-service-scheme-increases-for-2020-announced.php 26 Feb 2020, 10:51:52 Fiduciary managers believe that ESG considerations can improve risk-adjusted returns, yet 30 per cent still don’t score managers for ESG across all classes, new research by XPS has shown http://www.pensionsage.com/pa/FM's-failing-to-exclude-low-ESG-scoring-funds-XPS.php http://www.pensionsage.com/pa/FM's-failing-to-exclude-low-ESG-scoring-funds-XPS.php 25 Feb 2020, 15:18:07 The Industry Delivery Group (IDG) is consulting on the challenges faced by pension providers and schemes to meet data compulsion laws http://www.pensionsage.com/pa/IDG-commissions-dashboard-data-research.php http://www.pensionsage.com/pa/IDG-commissions-dashboard-data-research.php 25 Feb 2020, 14:39:11 The launch of two professional pension trustee accreditation frameworks could cause confusion and undermine the qualification, Dalriada Trustees has warned http://www.pensionsage.com/pa/Launch-of-two-trustee-qualifications-risks-confusion-Dalriada.php http://www.pensionsage.com/pa/Launch-of-two-trustee-qualifications-risks-confusion-Dalriada.php 25 Feb 2020, 14:28:19 The University Superannuation Scheme (USS) has confirmed plans to publish a discussion paper on potential changes to its valuation methodology in March this year http://www.pensionsage.com/pa/USS-valuation-discussion-paper-expected-in-March.php http://www.pensionsage.com/pa/USS-valuation-discussion-paper-expected-in-March.php 25 Feb 2020, 12:15:50 Almost a third (32 per cent) of people in their 60s and 16 per cent of over 70s have not touched their pension, according to LV= research http://www.pensionsage.com/pa/Almost-1-in-3-over-60s-pension-pots-remain-untouched.php http://www.pensionsage.com/pa/Almost-1-in-3-over-60s-pension-pots-remain-untouched.php 25 Feb 2020, 11:07:50