A round-up of the pensions news stories published across the FT Group this week, from millions of pounds of tax relief being overpaid to pension savers, to two NYC pensions pumping money into an 'exotic' quant strategy.
Field asks TPR to learn lessons as Kodak zombie set to enter PPF
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September 20, 2018
The chair of the Work and Pensions Committee has written to the Pensions Regulator asking it to reflect on lessons it should have learned from its handling of the Kodak Pension Plan, which this week announced it faced Pension Protection Fund entry.
Lessons from Oz: Former regulator urges hybrid product adoption
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September 20, 2018
A former deputy chairman of the Australian Securities and Investments Commission has urged UK defined contribution schemes to better protect members by developing default retirement products combining drawdown and lifetime income.
Should LGPS funds separate from host authorities to avoid conflicts?
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September 19, 2018
The relationship between local government pension schemes and their host authorities has the potential to create conflicts of interest for those charged with managing both a council’s finances and the fate of its pension fund, experts say.
Transparency worries hinder flows into active quant strategies
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September 17, 2018
More than half of institutional investors are wary of using quantitative investment strategies, with a perceived lack of transparency registering at the top of investors’ concerns, according to new research.
Should shareholder distribution take a back seat to deficits?
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September 17, 2018
As the Pensions Regulator takes aim at the growing gap between dividends and deficit repair contributions, a handful of schemes and sponsors are taking formal steps to align their interests.
Comment & Analysis
Transparency welcome, but method for managing info yet to be agreed
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September 19, 2018
Despite the new requirement for transaction costs to be disclosed in a clear and meaningful way, full transparency is yet to be achieved and a method for dealing with the information in a proportionate and effective manner is yet to be agreed, says PTL's Melanie Cusack.
Regulation must adapt to protect members in consolidation deals
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September 19, 2018
Darren Redmayne from Lincoln Pensions outlines the regulatory and guidance framework that could help facilitate safe transfers to commercial consolidators, and the steps defined benefit trustees might take in the interim.
Should shareholder distribution take a back seat to deficits?
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September 17, 2018
As the Pensions Regulator takes aim at the growing gap between dividends and deficit repair contributions, a handful of schemes and sponsors are taking formal steps to align their interests.
Videos & Podcasts
How should trustees be monitoring their employer covenant?
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September 19, 2018
Podcast: Over the Past few years, headlines highlighting several high-profile defined benefit pension cases have hammered home the importance of having a strong covenant. Mark Evans, director at Independent Trustee Services, and Adolfo Aponte, director at covenant specialists Lincoln Pensions, explain how trustees can keep tabs on their employer.
Mastertrust authorisation: TPR explains readiness review feedback
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September 5, 2018
Video: From April 2019, mastertrusts will not be allowed to operate unless they have been authorised by the Pensions Regulator. Applications for authorisation commence in October this year, and the watchdog has received 33 draft authorisation applications as part of its readiness review process. Kim Brown, head of mastertrust authorisation and supervision, discusses the regulator's recently published feedback and key lessons learned.
What would be the impact of tighter regulation of actuaries?
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September 5, 2018
Podcast: An advisory group to the government review of the Financial Reporting Council is considering the role of actuaries and the extent to which actuaries should be subject to formal regulation in response to the pensions-related nature of recent corporate failures. Bob Scott, senior partner at actuarial consultancy LCP and immediate past chair of the Association of Consulting Actuaries, discusses the potential impacts of tighter regulation of the profession, and what it could mean for pension funds.