XPS

The full impact of the pandemic means many defined benefit (DB) schemes will have now overestimated the life expectancies of their members, research suggests.

Professional Pensions rounds up some of the latest tender awards from across the industry.

Pension transfer values ended 2020 at £259,000, 8% higher than the start of the year, according to XPS Pensions, after suffering periods of substantial volatility linked to the pandemic while potential scams reached record highs.

The Association of Member-Nominated Trustees (AMNT)has called for trustees to take positive action in order to recruit new trustees to scheme boards.

More members transferred out of defined benefit (DB) pension schemes in October after September's record lows while values were surprisingly stable, according to XPS Pensions Group's Transfer Watch.

The Department for Work and Pensions’ (DWP) consultation on improving defined contribution (DC) outcomes has garnered support from the industry, but many have warned of potential unintended consequences.

With under three-quarters of a year left for retendering exercises to be completed, capacity issues could arise and reduce choice, writes James Phillips.

Schemes need to be prepared for the potential longer-term health impacts on those who contract Covid-19, says Steve Leake.

XPS Pensions has warned that mature schemes could see deficits double without a transition period under The Pensions Regulator’s (TPR) proposed ‘fast track’ funding rules.