Findel forks out £2.3m to repair equalisation error

Findel teaser

Findel Group Pension Scheme has paid more than £2.3m in past-service costs to make good an error in which a member benefit equalisation exercise was implemented incorrectly.

 

Environment Agency fund shares five-point ESG selection test

Environment Agency Pension Fund has detailed the five-point criteria it uses to assess managers for its responsible investments, as it awards £180m to a global sustainable equity mandate.

Accountants issue scheme guide to revised recommended practice rules

The Pensions Research Accountants Group has issued a practical guide to help scheme practitioners fulfil new reporting requirements following last year’s revisions to the statement of recommended practice.

WMPF gains 15% by tackling drags on cost and investment

West Midlands Pension Fund has achieved more than 15 per cent return on its investments for the year, as it works to strip away costs and ditch flagging investments.

Smaller schemes take advantage of pooled funds in bumper year for LDI

LDI mandates

Hedged liabilities grew to a record £657bn last year as medium-sized schemes flowed into pooled mandates, but experts have flagged a concentration risk from liability-driven investment's three dominant providers.

Are you managing members' income expectations?

Any Other Business: Pensions got gritty last week. Greek pensioners took to the streets of Athens in protest against the nation's broken pension promises as Tsipras proposed further cuts to retirement incomes in a last-gasp ultimatum. 

Comment & Analysis

Editorial: Pass the cashish, it's time to get creative

Illustration by Ben Jennings

No festival is complete without music. As I loitered at the fringes of a marquee, in Wednesday’s sweltering heat, sounds from nearby speakers streamed an eclectic mix of hillbilly country and Mexican mariachi as I watched the panel discussion on foreign exchange.

Altmann: DB funding chasm requires investment innovation

Ros Altmann

Pensions minister Ros Altmann sets out her stall on driving forward pension reform, paying particular attention to DB funding. 

Six test points for comparing fiduciary managers

Finch John (teaser)

JLT Employee Benefits' John Finch gives six top tips for trustees to consider when choosing a fiduciary manager. 

Video

The Review: Poised for freedom but questions remain

Countdown to April part 3

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).

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