Baptist scheme pulls DGF for global infrastructure

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Trustees of the defined benefit Baptist Pension Scheme have allocated to global infrastructure and dropped a struggling diversified growth fund manager.

More unions eye CDC as possible negotiation outcome

With this week’s launching of a government consultation on collective defined contribution and legislation promised for December 2019, trade unions are now eyeing CDC as a possible alternative to pure defined contribution when closure of defined benefit schemes is unavoidable.

How far away is the pensions dashboard from becoming a reality?

A complete and up-and-running pensions dashboard could be years away, according to experts, as implementation and credibility concerns come to the fore.

Supreme Court: Barnardo's wording does not allow RPI/CPI switch

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The Supreme Court’s rejection of an attempt by Barnardo’s to downgrade its pension increases is a reminder that courts are unlikely to bend rules to accommodate the commercial needs of defined benefit sponsors, according to legal experts.

Imperial Brands’ proposal to disband member forum ‘disappointing’

Bloomberg

Imperial Brands is looking to discontinue a consultative committee at its Imperial Tobacco Pension Fund, arguing that the benefits gained by holding the forum do not warrant the cost, workload and logistical efforts required to run the twice-yearly meeting.

Comment & Analysis

Have we entered a new investment fee paradigm?

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Data Crunch: Broadridge's Johathan Libre takes a looks at the changes underway in the asset management fee environment

CDC serves an obvious purpose for DWP

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Editorial: Addressing Royal Mail workers in London last week, pensions and financial inclusion minister Guy Opperman was keen to justify what is effectively a legislative carve-out on collective defined contribution.

What will LDI adoption look like over the next few years?

Paras Shah

Cardano’s Paras Shah discusses scheme adoption of liability-driven investment, and how it may evolve over time.

Videos & Podcasts

Autumn Budget 2018: Reaction

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Podcast: Chancellor of the Exchequer Philip Hammond has delivered his Autumn Budget. To mull over patient capital and what might have been, Alex Janiaud is joined by James Riley, council member at the Society of Pension Professionals, and Steven Cameron, pensions director at Aegon.

What does the future hold for LDI?

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Podcast: The popularity of liability-driven investment strategies among defined benefit pension funds has increased over the years. In 2017, the total notional value of liabilities hedged by LDI strategies continued to grow, rising to £965bn from £904bn, according to XPS Pensions research. In this episode, Nick Harvey, principal at XPS Pensions, discusses how scheme exposure to LDI has changed over time, and what the future holds for this type of investment strategy.

DC default design: Make sure you understand your members

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Podcast: Last month, Pensions Expert reported that trustees of the Lloyds Bank Pension Scheme No.1 had overhauled the default offering for their DC members. In this episode, Lydia Fearn, head of DC and financial well-being at consultancy Redington, and Maria Nazarova-Doyle, senior investment consultant and head of DC investment consulting at JLT Employee Benefits, discuss the most important factors for trustees to consider when designing or reviewing their default investment strategy.