Imperial Tobacco ups employer contributions after funding drop

Imperial Tobacco has increased contributions to its UK defined benefit scheme to boost its winding-up funding level, which has dropped by 12 percentage points, according to its latest valuation.

One in four executives taking cash in lieu of pensions

The number of FTSE 250 executives taking taxable cash supplements instead of pensions has risen, according to a survey, as the way high-earners receive benefits has changed in light of lower lifetime and annual allowance limits.

Court of Appeal upholds crown guarantee for BT Pension Scheme

The court of appeal has ruled to uphold a crown guarantee given to the BT Pension Scheme, making the government responsible for ongoing liabilities should the employer fail.

Barking and Dagenham plans social housing investment to hedge inflation

The London Borough of Barking and Dagenham Pension Fund plans to invest around £25m in social housing in order to hedge against inflation and diversify away from traditional assets.

Pearson scheme reaches full funding due to increased employer contributions

Bloomberg

The defined benefit section of the Pearson Group Pension Plan has reached close to 100 per cent funding less than 18 months after agreeing a reduction in the length of its recovery plan.

Trade body calls for review of charity pension rules

News analysis: The Charity Finance Group has called for a review to the regulations surrounding multi-employer pension schemes, claiming they can threaten charities’ ability to raise donations.

Comment & Analysis

Avoiding a talking shop: how to get more out of your trustee meeting

Any other business: Economist and diplomat John Galbraith once said: “Meetings are indispensable when you don’t want to do anything.” But with fiduciary duty weighing heavily on trustees, board meetings must be a forum for effective decision-making.

Webb: pension reform far from over

Talking head: Pensions minister Steve Webb discusses the government's pension reforms and the need for pot-follows-member to come to life.

Editorial: What's going on behind the curtain

Behind the curtain...

The argument for transparency in fiduciary management is not going away. Yes, many companies calling for third-party assessment themselves provide it, but that does not mean their views should be automatically dismissed.

Video

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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