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.
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.
Government-backed mastertrust Nest has outlined its plan for providing members with an income in retirement, but experts have said the proposals’ application to today’s defined contribution market is limited.
Kitchen and bathroom accessories group Norcros has reduced its scheme deficit by £1.7m through a series of liability-management exercises, as pension funds see a further deterioration in funding levels.
Small and medium-sized defined contribution schemes are falling behind on governance compliance, Pensions Regulator research shows, with the watchdog vowing to use its powers where necessary.
One in four defined benefit schemes do not treat same-sex and opposite-sex couples equally on survivor benefits and the TUC is pressing government to close the gap, which could cost around £3.3bn.
Comment & Analysis
It was never going to be straightforward. When the idea of secondhand annuities was first mooted, commentators were at once delighted by the idea of being able to reverse the irreversible, but perplexed as to how it could generate a good deal for those involved.
The Pensions Management Institute's Tim Middleton explains why the impact of freedom and choice on existing policy demonstrates the need for depoliticised pension commission.
The Pension Administration Service Association's Michael Mann and Girish Menezes outline the wave of changes hitting DC and what schemes need to do to stay ahead of the game.
Video: Which trends are driving how pension funds are structuring their growth portfolios? M&G Investments' Steven Andrew, Nest's Mark Fawcett and Barnett Waddingham's Marcus Whitehead discuss the opportunities and risks (5:55).
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).