BBC plan sees slight deficit improvement as contributions bed in

BBC Bush House plaque (Getty)

The BBC has seen a small improvement in its accounting pension deficit as it embarks upon a 12-year plan of additional contributions to boost its scheme funding.

NESPF beefs up governance to prep for Scottish LGPS reform

North East Scotland Pension Fund plans to establish a dedicated governance team – incorporating communication responsibilities – to deal with the increased workload produced by local government pension scheme reforms. 

ETV exercises to rise as government accepts DB-to-DC transfers

Industry experts have predicted the use of enhanced transfer value exercises could increase as employers look to encourage switches out of defined benefit plans in light of the Budget changes, but trustees have been urged to ensure members receive adequate advice. 

Civil service employers face increased contributions after discount rate cut

Participating employers of the Principal Civil Service Pension Scheme will face an increase in their pension costs, due to a reduced discount rate, following government efforts to control public spending.

PPI: Small employers may seek pay cuts to make up auto-enrolment cost

A report released last week found smaller employers may consider decreasing basic pay to implement auto-enrolment, while experts said implementing the reform will lead to a focus on benefit structure. 

Unite mulls launching CDC scheme as unions back risk sharing

Unite is considering establishing a collective defined contribution scheme, as union groups voice their support for defined ambition benefit structures that share risk between employees.

Comment & Analysis

Regulator: We're stepping up the fight against scams that have shattered lives

Talking head: The regulator's Andrew Warwick-Thompson sets out the detail of the watchdog's renewed push against pension liberation scams, which he reveals have resulted in one scheme member taking his own life when a promised lump sum did not materialise.

Snowdon: 'unseen army' of non-IFAs could deliver guidance guarantee

Margaret Snowdon

In this edition of Informed Comment, PASA's Margaret Snowdon argues the guidance guarantee should be brought in for all major benefit choices, such as joining or leaving a pension scheme, and delivery need not be restricted to regulated advisers.

Building a multi-asset credit portfolio that delivers alpha

Threadneedle Investments' Jim Cielinski takes pension fund investors through the building blocks of a strong multi-asset or multi-sector credit strategy, in this week's Technical Comment.


The Review: UKSIF calls on schemes to reconsider sustainable investment policies

Tom Dines, Simon Howard and Ralph McLelland

Video: Simon Howard, chief executive at sustainable investment trade body UKSIF, and Ralph McClelland, senior associate at Sackers, discuss the Law Commission's report on fiduciary duty, including the impact of its distinction between financial and non-financial factors (5:37).

How Nest will respond to Budget changes

Mark Fawcett

Video: Mark Fawcett, chief investment officer at Nest, discusses the state-sponsored mastertrust's forthcoming consultation on how its investment strategy should change in light of the Budget reforms (5:03).

CBI lays out employer reform concerns

Neil Carberry

Video: Neil Carberry, director for employment and skills at the CBI, gives the employer's view on this year's historic pension changes, from the at-retirement flexibility bestowed by the Budget to the government's plans on defined ambition (5:38).

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