Managers predict cash will be king for many post-April retirees

DC: The New Investment Journey. It may be a caravan rather than a Lamborghini, but scheme managers across the country are getting ready for a wave of savers cashing in their pension pots come April’s introduction of George Osborne’s retirement flexibilities.

Alliance Boots to ditch print to fund pensions website

DC: The New Investment Journey. Health and beauty group Alliance Boots is launching a new website to get messages on pension changes out to staff at its eight UK employers, and is planning to ditch paper-based booklets to offset the costs.

Nest to switch TDF goalposts from annuity purchase as April looms

DC: The New Investment Journey. Nest is planning to amend its target date funds that currently aim for annuity purchase in light of the greater flexibility in retirement options available to scheme members from April 2015.

Surrey sets up trigger-based framework for £90m gilt repo move

The £2.9bn Surrey County Council Pension Fund has set a framework to buy leveraged gilts upon hitting inflation and interest rate triggers, as part of a wider move into liability-driven investment.

Schemes urged to square segmentation with fairness

Schemes are increasingly turning to segmentation as they explore strategies for communication and investment across different sections of their membership, but legal experts warned of the importance of treating members fairly.

CofE scheme mulls infrastructure diversification to drive returns

The Church of England Pensions Board is considering spreading its infrastructure portfolio outside Europe, following a similar decision to rebalance its property portfolio towards the US and Asia in a hunt for return.

Comment & Analysis

Could your scheme assets withstand a cyber attack?

Any other business: In the event of an act of terror, pensions are likely to be the last thing on anyone's mind, but with senior experts recently predicting the "strong likelihood" of cyber attacks, what should schemes do to protect against the worst?

Rapidly shrinking yields leave investors needing more complex mandates

Talking head: Redington's Rob Gardner turns his attention to pension funds' fixed income allocations and how to answer their hunger for yield.

The 'illiquidity premium' is not quite the draw it was

In this week's edition of Technical Comment, PIC's Mark Gull argues there are "large caveats" to the illiquidity premium that is available through such investments as infrastructure debt.


IMA: Schemes must bear overall charges cap compliance burden

Jonathan Lipkin

Video: Jonathan Lipkin, director of public policy at the Investment Management Association, says that it is not up to investment managers to take the overall responsibility for ensuring charges are below the 0.75 per cent cap effective from April (5:48).

Altmann: Death tax removal could incentivise people to stay in pensions

Ros Altmann

Video: Independent pensions expert and the government's older workers champion Ros Altmann discusses the Budget changes and the chancellor's further pensions tax announcements (4:18).

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