Latest articles from Benjamin Mercer

Weekly Roundup: You will be consolidated, resistance is futile

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This week — Clara Pensions cleared to accept transfers, DWP proposals to remove DC charge cap, the continuation of McCloud, and TPR fines Ghanian ambassador

PPF updates guidance in light of Bauer, Hampshire judgements

News on the go

On the go: The Pension Protection Fund has issued updated guidance accounting for the judgements in the Hampshire and Bauer cases and the disapplication of the PPF compensation cap, confirming that no further allowance needs to be made for their impacts.

Estate agents sue Purplebricks

News on the go

On the go: Campaign group Contractors for Justice is to take legal action against online estate agent Purplebricks in a move reminiscent of gig workers’ bid to win holiday pay and pension rights.

Positive outlook for bulk annuity transactions in 2022

News on the go

On the go: Insurers’ appetite for bulk annuities could be heightened in 2022 after a relatively slow 2021, according to research from Barnett Waddingham.

Govt to consult again on McCloud implementation in 2022

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The Cabinet Office, Home Office, Department for Education and Ministry of Defence have each opened consultations into the first phase of the McCloud remedy, covering regulations that will see all legacy schemes close to future accrual from March 2022. However, new consultations on phase two of the remedy will be launched next year.

Union slammed as ‘at odds with reality’ as USS strike action begins

News on the go

On the go: Employers have once again hit out at the University and College Union over strike action set to commence on Wednesday.

Clara Pensions to begin accepting transfers after TPR clearance

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The Pensions Regulator has cleared consolidator Clara Pensions to begin accepting transfers, opening up a new endgame option for defined benefit schemes.

Teachers’ Pension Scheme faces high-profile ombudsman complaints

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The Teachers’ Pension Scheme is facing a number of potential high-profile complaints to the Pensions Ombudsman over alleged maladministration, including a grievance about a £98,000 overpayment, Pensions Expert can reveal.

Cabinet Office opens consultation as McCloud challenges mount

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The Cabinet Office has launched a consultation on how the McCloud remedy is to be implemented for members of the civil service pension scheme, while the GMB union has joined the list of those challenging it in the courts.

Union ballots for strike action over schools’ exit from Teachers’ scheme

News on the go

On the go: The National Education Union is balloting its members on industrial action over plans by the Girls’ Day School Trust to exit the Teachers’ Pension Scheme.