Corporate schemes shore up portfolios with fixed income and LDI allocations

Data analysis: UK corporate defined benefit schemes upped their allocations to fixed income in the last quarter of 2015, data show, as trustees took the opportunity to hedge out further risk by increasing liability-driven investments.

Cap on golden handshakes could affect average earners at Magnox

Dungeness nuclear power station (Getty Images)

Workers across the public sector will see a £95,000 cap on exit payments under a new clause added to the 2015-16 enterprise bill which could hit average earners at nuclear decommissioning company Magnox.

Cost and complexity increase support for multi-employer schemes

ACA report

The cost and complexity of running a pension scheme is increasing the appeal of multi-employer schemes, experts have said, as a survey shows industry support for government-backed scheme consolidation.

New code firms up boundaries on incentive exercises

revised code of practice on incentive exercises will provide trustees and employers with practical tips on problem areas as schemes begin to target more holistic derisking strategies.

Renishaw recognises true liability as IFRIC 14 bites

Renishaw

Gloucestershire-based engineering company Renishaw’s defined benefit liabilities jumped £15.6m above the IAS 19 accounting deficit at the end of last year, as experts highlighted the impact the accounting measure IFRIC 14 has on scheme valuations.

DC consolidation driven by more than auto-enrolment

The number of people saving into large defined contribution schemes has more than quadrupled since 2009, figures from the Pensions Regulator have shown, as signs of DC consolidation begin to appear.

Comment & Analysis

Just say it

Editorial: Last Monday a debate took place in the House of Commons after campaign group Women Against State Pension Inequality had handed over a petition asking for transitional arrangements.

Corporate schemes shore up portfolios with fixed income and LDI allocations

Data analysis: UK corporate defined benefit schemes upped their allocations to fixed income in the last quarter of 2015, data show, as trustees took the opportunity to hedge out further risk by increasing liability-driven investments.

Investment lessons from DB

Duncan Buchanan

Talking Head: Defined contribution schemes could pool assets and risk to improve returns, says the Society of Pension Professionals' Duncan Buchanan.

Video

DB schemes more risk aware after decade of seismic shifts

PPF

Video: The Pension Protection Fund has published its 10th annual version of the Purple Book, which provides an update on the defined benefit landscape. Andy McKinnon, chief financial officer, explains what the key findings tell us about the risks facing schemes (4:02).

Autumn Statement and DC code – a big week for pensions

Autumn Statement 2015

Video: Steve Webb, director of policy for Royal London, and Kevin LeGrand, president of the PMI discuss how the spending review affects auto-enrolment and what the draft DC code means for trustees (05:37).

October's top stories in 3 minutes

Vizcast Oct 2015

Vizcast: In the latest Pensions Expert video round-up, editor Maxine Kelly and deputy editor Sandra Wolf give an overview of the month's most significant case studies and industry announcements, including Debenhams' funding move and changes at the NAPF (3:43).  

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