Scheme managers raise doubts on joint LGPS governance boards

Local authority schemes have raised concerns over whether incoming pensions boards can be combined with their existing section 101 committees, one of the options in the government’s consultation on governance in the Local Government Pension Scheme.

DB steals limelight in 75% of hybrid scheme trustee meetings

Three-quarters of hybrid scheme trustees spend more time on their defined benefit offerings than defined contribution, sparking concerns that they are failing to respond to the shift to DC.

Bromley mulls 10% illiquids allocation as cash flow worsens

The London Borough of Bromley Pension Fund is considering a 10 per cent allocation to illiquid assets to provide greater returns and inflation linkage, in expectation of turning cash-flow negative within seven years.

Dixons Carphone uses restaurant discounts to win 80% sign-up for online portal

Electronics retailer Dixons Carphone has seen close to 80 per cent of employees log in to its new benefits portal since it was launched in June, after it offered members incentives in a bid to drive engagement.

IASB proposal could hit sponsor-scheme funding strategies

A proposed change to pensions accounting guidance around surpluses could lead to trustees having to renegotiate their financing arrangements with employers and shifting towards non-cash vehicles.

Schemes have scope to delve deeper into illiquids, but confidence lacking

Defined benefit schemes are showing increased interest in illiquid alternatives as they hunt greater yield and diversification, but many lack sufficient resources and the confidence needed to execute such investments.

Comment & Analysis

Do you need an app for that? Three magic ingredients of a staff savings campaign

Like Minds' Trevor Rutter lays out the essentials of messaging that will drive staff to save more into their workplace pension, in the latest edition of Technical Comment.

Why mechanical derisking is leading to poor-value asset switches

In this week's Informed Comment, Morgan Stanley's Joe McDonnell looks at the downsides of a binary growth v matching approach to derisking your scheme's investments, and suggests an alternative.

PPF: Comms have been vital to speeding up assessment

Talking head: The Pension Protection Fund's Sue Rivas says the organisation is on track to meet its target of providing three-quarters of scheme assessments within two years, and explains how it has sped up the process.

Video

The Review: Are schemes choosing smart beta over hedge funds?

PE Review 050814 Sheikh and Das button RESIZED

Video: Redington's Aniket Das and Fulcrum Asset Management's Suhail Shaikh discuss scheme interest in smart beta multi-asset investments and the pros and cons of the strategy as a hedge fund alternative (5:38).

The Review: UKSIF calls on schemes to reconsider sustainable investment policies

Tom Dines, Simon Howard and Ralph McLelland

Video: Simon Howard, chief executive at sustainable investment trade body UKSIF, and Ralph McClelland, senior associate at Sackers, discuss the Law Commission's report on fiduciary duty, including the impact of its distinction between financial and non-financial factors (5:37).

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