Scheme professionals have predicted devolved tax and welfare powers to Scotland, England, Wales and Northern Ireland could increase the cost of administering schemes which have members across the UK, though others doubt the impact.
Industry figures have called for flexibility to be built in to defined contribution solutions, as the first post-Budget products aimed at members looking to draw down income at retirement reach the market.
FT Investment Management Summit: The Universities Superannuation Scheme has extolled the virtues of internal active equity management but criticised external managers for not consistently adding value.
The Pensions Trust plans to start accepting private sector employers into the scheme from late October, hoping to attract the growing number of small and medium-sized companies outsourcing the management of defined benefit schemes.
FT Investment Management Summit: Tesco Pension Fund has moved away from strategic asset allocations towards a risk-based investment strategy, which allows the scheme to get the right mix of assets to meet future cash flows.
Somerset County Council Pension Fund and Devon County Council Fund will establish a formal administration strategy in order to improve communication between the schemes and its participating employers.
Comment & Analysis
Any other business: "The trouble with life isn't that there is no answer, but that there are so many answers." This quote, attributed to Ruth Benedict, could easily be applied to the world of pensions law, where achieving consensus among lawyers is an almost impossible task.
Talking head: The Pensions Regulator's Charles Counsell argues that the anticipated capacity crunch for auto-enrolment did not materialise, but non-compliance is expected to rise.
In the latest edition of Technical Comment, Spence's Marian Elliott runs through four steps that schemes can take to achieve a successful employer covenant review.
Craig MacDonald, Head of Credit and Aggregate at Standard Life Investments, gives a clear perspective on how best to approach Fixed Income.
Video: The Pension Protection Fund's chair Lady Barbara Judge and chief investment officer Barry Kenneth discuss the challenges facing the UK pensions lifeboat, including the levy and the regulation facing its derivatives investments (7:11).
Video: Redington's Aniket Das and Fulcrum Asset Management's Suhail Shaikh discuss scheme interest in smart beta multi-asset investments and the pros and cons of the strategy as a hedge fund alternative (5:38).