DB & DeriskingRSS

Railways scheme urges patience as it reviews early retirement

News on the go

On the go: The Railways Pension Scheme is reviewing its early retirement factors and is advising members considering taking early retirement that they should wait until the review is completed before making their decision.

Capita Pensions Solutions narrows 2020 losses with restatement

News on the go

On the go: Capita Pensions Solutions has cut its 2020 pre-tax losses by £200,000 after revenues and costs from a 2017 contract were retrospectively recognised in its income statement.

Free tool launched to help pension transfer clients identify scams

News on the go

On the go: Help & Advice has introduced a scam predictor to allow those considering a pension transfer to check whether they are at risk of being scammed.

Dundee University staff plan strike action over DB scheme closure

News on the go

On the go: More than 100 University of Dundee staff will be balloted on strike action after rejecting plans to close its defined benefit scheme to new members, Unite the union has announced.

BT awards $1bn private equity mandate to Hermes

News on the go

On the go: The £57.5bn BT Pension Scheme has awarded a $1bn (£801.4mn) private equity mandate to Hermes GPE, further building on two previous private equity investments with the manager.

PLSA’s retirement living standards now cover 35mn members

News on the go

On the go: Pension scheme communications from more than 100 organisations now provide up to 35mn members with access to the Pensions and Lifetime Savings Association’s retirement living standards, the industry body has announced.

PASA bolsters cyber attack admin checklist amid crime surge

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The Pensions Administration Standards Association has published a new cyber crime checklist, advising administrators to keep up to speed with legislation and assess their vulnerabilities to cyber attacks amid a spike in online criminal activity.

James Walker scheme agrees full £43mn buy-in

News on the go

On the go: The James Walker (Leith) Limited Retirement Benefit Scheme has agreed a full £43mn buy-in with Just Group.

Pensions sector warned as business data breaches almost triple

News on the go

On the go: Pension trustees have been urged to be vigilant after businesses experienced an increase in cyber attacks and data breaches over the past year, as cyber criminals upped their game during the shift towards homeworking.

NHS sends almost 3,000 erroneous pension statements

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Nearly 3,000 members of the NHS Pension Scheme have been sent erroneous pension statements, leading to criticism from the British Medical Association.