The Pensions Regulator this week published its new defined contribution code of practice, clarifying its position on a number of issues, but experts still had questions about its criteria for assessing value for scheme members.
State Street’s monthly Investor Confidence Index for July fell by 7.7 points globally from June, driven primarily by a drop in the European index following recent turmoil in the region.
Huge variations in the risk profiles and investment strategies of DC default fund offerings are putting savers’ retirement provision at risk, according to a recent study.
The National Milk Records pension fund has cut £6.2m from its deficit following a switch from the retail price index to the consumer price index as a means of calculating inflation-related adjustments to the fund.
A joint report published by the Work and Pensions Committee and the Business, Innovation and Skills Committee found negligence caused BHS’s pensions deficit, and opened the possibility of increasing the Pensions Regulator’s powers.
If Baroness Ros Altmann was less outspoken on issues of reform during her stint as pensions minister, she is certainly making up for lost time, launching her fourth attack on government policy in almost as many days.
Comment & Analysis
Editorial: The new defined contribution code that came into force this week is, by and large, being welcomed by the pensions industry, which lauded the focus on legal advice (Sackers), as well as its emphasis on administration (PASA) and security of assets (Working Party on DC Governance).
Pensions legislation has become increasingly complex since the 1990s, so does this mean pensions regulation needs to be revisited? Walker Morris’s Ruth Bamforth tackles the thorny question.
Tom McKeon, head of portfolio oversight for farmland investment at Insight Investment, examines the case for farmland when looking through a responsible investment lens.
Video: Jay Shah, head of origination at specialist insurer Pension Insurance Corporation, and Susan Anyan, client director at professional trustee company Capital Cranfield, break down the impact of Brexit on schemes' ability and desire to derisk.
Video: The UK's vote to leave the EU is having a major impact on markets and has created legal uncertainties. Partner at Allen & Overy Jane Higgins, and senior partner at Aon Hewitt John Belgrove, explain what schemes can do to position themselves well.
Video: High profile defined benefit schemes such as British Steel and BHS are dominating the news and making clear the risks an underfunded scheme can pose to its employer. Malcolm Weir, head of restructuring and insolvency at the Pension Protection Fund discusses what can be done.