Asset managers face legal heat over climate change
Pension funds urged to make climate risk measures public or face litigation
Pensions
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Expat pensions will need ‘goodwill’ in no-deal Brexit
Brexit secretary pleads with Brussels to allow existing contracts to carry on
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MPs prepare to pick apart adviser charges
The Pension Costs and Transparency inquiry will put charging models under the spotlight
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Regulator warns 12 pension schemes over DB transfer activity
The UK Pensions Regulator has written to the trustees of 12 defined benefit (DB) pensions schemes regarding transfer activity.
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Brexit could make 38 million pension payments illegal
The head of the Association of British Insurers has warned that 38 million individuals living in the EU could have their UK pension and life policy payments deemed “illegal” if no Brexit deal is reached.
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Public blasts bid to ‘kill off’ pensions dashboard
A petition fighting plans to scrap a dashboard that would bring together information about UK pensions has garnered nearly 85,000 signatures of support in just six days.
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High Court shuts down cold-calling pension company
An abusive UK pension company that pumped millions into notorious ‘storage’ investments has been shutdown by the High Court.
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Pensions industry shuns cash-poor millennials
Millennials have largely been left in the lurch by pension providers who assume they are too cash poor or disinterested to engage with investing for their future.
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Market volatility putting thousands of UK pension pots at risk
Thousands of people in drawdown are not adjusting their pension income levels to account for market volatility, leading to fears they could drain their retirement pots too quickly, research from Zurich has found.
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Pension transfers hit record £10.6bn in first quarter
The belief that UK pension transfers peaked in 2017 has been proven wrong as figures from the UK’s Office for National Statistics (ONS) show £10.6bn flowed out of defined benefit schemes in the first quarter of 2018.
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Theresa May could raid pensions for Brexit promise
Abolishing higher rate pension tax relief and upper earnings limit on national insurance both on the table
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FCA leaves pension providers in the dark on climate risk
Pension providers have called on the FCA to provide clarity about their obligations in managing climate risk in contract-based pensions and for the regulator to better align itself with The Pensions Regulator, which oversees trust-based pensions.
