This map shows a landslide for Labour but where are the details of its pension policy? #GeneralElection #UK #pensions

Labour has been pressed by unions to scrap a further rise in the pension age to 68 but has not committed to do so.

NEW: A British parliamentary committee is to take evidence on a recent Ombudsman report into women's state pension age rises.

The report recommended compensation for thousands of women, which the Govt has not agreed to pay.

committees.parliament.uk/work/8427/phso…

NEW: British LDI funds domiciled in Luxembourg and Ireland will be required to hold a 300bp collateral buffer, under a new directive from Europe's financial services regulator.

The move comes nearly 18 months after the 2022 'gilt market crisis'.

esma.europa.eu/press-news/esm…

NEW: Pension providers can connect to new 'pension dashboards' with a minimum of 80% of customer data, under new 'flexible' changes adopted by regulator.

fca.org.uk/firms/modifica…

Calstrs pension plans cites errors in emissions data ft.com/content/173995… via @ft

Labour is also yet to set out its position of the state pension age. Unions have called for the pension age rise to 67, due to start in 2026, to be scrapped.

UK opposition #Labour party pledges to protect state pension 'triple lock'. But would a Labour Govt act to unfreeze the personal allowance, which is dragging more pensioners into paying tax as the state pension rises each year.

Calstrs has opened up to an issue with net zero data integrity, and taken steps to address this. Will other pension funds, using the same methodology to 'guesstimate' their carbon footprint, follow suit?

Excellent article here - emissions accounting uncertainty in financial portfolios is significantly understated, with volatility in emissions exposure more often originating from market dynamics rather than real world emissions reductions.

The Calstrs admission raises questions about similar net zero disclosures by other large asset owners because Calstrs employs a calculation method that has been widely adopted globally, industry experts said. #netzero #pensions

SCOOP: Calstrs, one of the world's biggest pension plans, has admitted to 'significant' errors in how it was calculating carbon emissions from its giant $331bn portfolio

It has delayed the publication of its 2023 net zero report.

Full story:
ft.com/content/173995…