The Investment Association is calling for views on a proposed industry code on disclosure of charges and transaction costs, as some have stressed the importance of making such data easy to interpret.
The John Laing Pension Fund has agreed a recovery plan worth £171m to be paid over seven years by its sponsor, infrastructure investor John Laing, following an actuarial valuation.
The Cornwall Pension Fund is set to make an allocation to private credit, an asset class increasingly popular among schemes as tightened bank regulation has opened up a new range of investment options.
Thinktank the Centre for Policy Studies has highlighted the need to shield savers from financial risks in later life through the idea of “auto-protection”, with the introduction of auto-drawdown, followed by auto-annuitisation at age 80.
With the world of pensions constantly changing, employers and trustees are investing more time, effort and resources into liaising with members, but face-to-face communication has been deemed particularly effective when it comes to bad news.
Efforts to improve the level of experience and competence of trustee boards must not come at the expense of diversity, politicians have warned, as dealing with groupthink remains a key concern in defined benefit pensions.
Comment & Analysis
The government's review of auto-enrolment should look at widening the scope of the policy, says the Pensions and Lifetime Savings Association's Tim Gosling.
Would your trustee board benefit from more delegation? Dinesh Visavadia from Independent Trustee Services takes a look at fiduciary management and delegated consulting.
Auto-enrolment means more people save but at low levels, making engagement and communication vital, argues Legal & General Investment Management’s Emma Douglas.
Video: What do businesses say about the defined benefit green paper's focus on regulation, and where do unions have concerns about member protection? Rachel Smith, principal labour market economist at the Confederation of British Industry and Tim Sharp, policy officer at the Trades Union Congress, give their views.
Video: With short-term inflation rising, are interest rates likely to go up, and should unhedged schemes go into LDI now? How can growth assets be combined with LDI products, and what role will cash flow play for LDI strategies? Jonathan Crowther, head of UK LDI at Axa Investment Managers, and Sophia Heathcoat, investment consultant at Barnett Waddingham, discuss their expectations for LDI.
Video: As the Pensions and Lifetime Savings Association has highlighted four areas for potential change to the defined benefit landscape, Ashok Gupta, who chairs its DB Taskforce, talks about the proposals and the taskforce's aims.