FTSE 100 schemes in surplus, but experts warn that risks remain

FTSE 100 pension schemes have reflected a year-end accounting surplus for the first time since the financial crash, according to consultancy LCP, but experts say trustees and sponsors should continue to be prudent in case of potential future market downturns.

Is it time to trim your hedge funds?

Source: Bosch

Analysis: The past 16 years have witnessed an extraordinary rise in hedge fund investment. While only 2 per cent of institutional investors had money in hedge funds in 2000, cost analysis service CEM Benchmarking says that this figure surpassed 50 per cent in 2016.

Box Clever judgment sees scheme inch closer to ITV funding

Source: Wikimedia Commons

The Pensions Regulator was right to seek to impose a financial support direction on ITV in relation to the Box Clever defined benefit pension scheme, according to a court judgment published on Friday.

Rate of investment consultant tenders has plummeted, survey finds

Less than 3 per cent of pension schemes retendered for investment consulting services last year, compared to 18.6 per cent of schemes in 2008, according to research from selection specialists IC Select. 

Haringey to swap passive equities for multi-factor strategy

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The London Borough of Haringey Pension Fund has agreed to convert nearly half of its equity allocation from a passive fund into a multi-factor global strategy. It has also recently trimmed an overweight position in equities into its multi-asset absolute return and credit strategies.

Pension funds are making good progress with ESG, says Brunel CEO

Pension funds are making good progress when it comes to responsible investment, according to the £29bn Brunel Pension Partnership’s chief executive Dawn Turner.

Comment & Analysis

What are trustees' responsibilities when it comes to DB transfers?

Michael de Souza

Trafalgar House's Michael De Souza discusses pension scheme trustees' main responsibilities with regard to defined benefit transfers.  

Self-driving pensions are worth our consideration

Girish Menezes

Artificial intelligence and other technologies are developing at breakneck speed, and many have pensions applications. It is time to explore the best practice in relation to these emerging technologies, says the Pensions Administration Standards Association's Girish Menezes.

ESG investing has little to do with ethics

Carolyn Saunders

The pensions world has hesitated over environmental, social and governance factors for a long time, writes Pinsent Masons' Carolyn Saunders, but legal developments mean they cannot afford to do so any longer.

Videos & Podcasts

How is LGPS pooling driving responsible investment?

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Podcast: As Local Government Pension Scheme pooling progresses, the £29bn Brunel Pension Partnership – which includes 10 LGPS funds, including the Environment Agency Pension Fund – has been one of the strongest advocates of responsible investing. In this podcast, Brunel’s chief executive officer, Dawn Turner, discusses how far institutional investors have come with sustainable investment, what progress needs to be made, and how the Brunel pool views environmental, social and governance issues.

Are trustees engaging suitably with fiduciary managers?

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Podcast: In April, the Competition and Markets Authority published its working paper on trustee engagement with investment consultancy and fiduciary management. Caroline Escott, policy lead for investment and defined benefits at the Pensions and Lifetime Savings Association, and Hugh Nolan, director at consultancy Spence & Partners, discuss the challenges faced by trustees engaging with these sectors.

How will the UK's first pension superfund work?

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Podcast: The UK's first superfund was announced in March, a day after the government encouraged the creation of commercial consolidators in its long-awaited white paper on the defined benefit sector. Alan Rubenstein, chief executive of The Pension SuperFund, discusses how the vehicle will work, and when it might absorb its first DB scheme. 

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