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.
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.
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 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.
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.
The Royal Mail pension scheme is consulting members on its communication strategy to make sure they understand their benefits following a period of high-profile change for the country’s five-century-old postal service.
Comment & Analysis
Talking head: Redington's Rob Gardner turns his attention to pension funds' fixed income allocations and how to answer their hunger for yield.
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.
There used to be the cult of UK equity. Pension funds were to invest in their home country’s businesses so the accrued capital of workers’ retirement holdings was reinvested into capital-creating entities, driving growth and producing return.
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).
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).
Video: The Pension Protection Fund's John St Hill, M&G's William Nicoll and Hymans Robertson's Carl Hitchman discuss fixed income challenges, and how schemes can prepare for the end of the low-rate era (6:00).