Coal ditches surplus-sharing to stabilise pension increases

The British Coal Staff Superannuation Scheme has announced pension increases for its members, as it ends the surplus-sharing arrangement established after the privatisation of the scheme's employer in 1994.

Lloyds scheme turns to alt credit as it shrinks equity risk

Lloyds Bank’s larger defined benefit pension fund has ditched a proportion of its equity holdings in favour of credit and hedge fund strategies, as pension funds widen their search for diversified sources of return.

Data suggest schemes would rather fail conventionally than break from herd

Fear of being alone in making a mistake is driving pension funds to knowingly follow ineffective manager recommendations from investment consultants, according to academics.

Aon lifestyling failure leaves members exposed to risk assets

Twenty defined contribution pension schemes administered by Aon Hewitt have seen delays to their members’ derisking strategies, leaving them exposed to risk assets for up to four years longer than intended.

Premier Coffee's AE staging met by radio silence

After a year preparing for auto-enrolment, Costa franchise Premier Coffee did not receive a single follow-up enquiry from its 120 eligible staff, and only a handful of opt-outs, demonstrating the engagement challenge facing UK employers.

DB mastertrusts grow but funding risks drag on demand

Competition is growing in the defined benefit mastertrust market as providers promise the benefits of scale, but experts have urged employers to be mindful about the risks of these structures.

Comment & Analysis

Editorial: Covering the gaps

Covering the gaps

Every good rugby team needs a full-back to watch for holes in the defensive line and, where breaches are made, to plug that gap – because breaches are inevitably made, even in the top teams.

Ready or not: pensions administration post-April 2015

Barnett Waddingham's Julian Mainwood details the steps trustees and scheme administrators need to take in order to stay on top of the upcoming changes and adapt to scheme members' needs.

Finding the right ratio of stick to carrot in pensions regulation

Talking head: Lincoln's Tony Hobman argues the Pensions Regulator will have to develop its oversight in order to strike the right balance in response to an evolving industry.

Video

The Review: 'Massive uptick' in larger DB funds exploring transfers

PE Review countdown – 26.01.15

Video: What effect are the flexibilities having beyond the world of DC? In the first of our three Countdown to April videos, JLT Employee Benefits' Mark Wood and Eversheds' Tim Smith explain how DB schemes are dealing with the knock-on effects of the reforms (6:08).

IMA: Schemes must bear overall charges cap compliance burden

Jonathan Lipkin

Video: Jonathan Lipkin, director of public policy at the Investment Management Association, says that it is not up to investment managers to take the overall responsibility for ensuring charges are below the 0.75 per cent cap effective from April (5:48).

Altmann: Death tax removal could incentivise people to stay in pensions

Ros Altmann

Video: Independent pensions expert and the government's older workers champion Ros Altmann discusses the Budget changes and the chancellor's further pensions tax announcements (4:18).

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