Amid the wider trend of scheme closures, over-50s specialist Saga has vowed to keep its defined benefit plan open to members, revealing details of a 10-year deficit recovery plan.
John Lewis Pension Scheme’s deficit has risen by close to £250m since the start of 2014, but the company plans to stick to its strategic counter-measures agreed earlier this year.
Alternatives maintained its status as a sought-after asset class in Q1 2015, according to data, as schemes continued to seek reliable income streams and inflation protection.
The Supreme Court this week ruled against trustees of the Olympic Airlines SA Pension Scheme’s claim for greater Pension Protection Fund compensation, but lawyers are calling for a loosening of insolvency criteria for entry into the lifeboat.
Analysis: The double hit of a reduced lifetime allowance alongside proposed changes to tax relief could accelerate the move of higher earners, and some middle earners, towards alternative savings vehicles, experts predict.
Any other business: The fast-growing world of fiduciary management can be a controversial topic for pension schemes, with some saying it can bolster investment strategies, while detractors describe it as nepotistic and lacking transparency.
Comment & Analysis
As defined contribution schemes become the backbone of retirement saving, multinational companies must reconcile regional idiosyncrasies with global objectives, says Nigel Aston, head of DC at State Street Global Advisors.
The active versus passive management debate is over. James d'Ath, director at Indexx Markets, says it is time to embrace a new middle way.
Talking Head: As more local authority pension schemes join forces, the LPFA's Susan Martin talks about the importance of independent oversight.
Video: Aviva Investors' Mark Versey, plus HR Trustees' Giles Payne and Redington's Kenny Nicoll discuss how underlying investment strategies are evolving (5:47).
Video: What unknowns remain on the cusp of April 6? National Association of Pension Funds' DC policy lead Richard Wilson, and partner at consultancy LCP Andy Cheseldine discuss what is left to do and how to manage expectations (5:36).
Video: Should the 0.75 per cent cap go lower? In part two of Countdown to April, Mark Futcher from Barnett Waddingham and LGIM's Emma Douglas explore how DC schemes are responding to reform (5:37).