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.

Interest rate uncertainty a concern for employer covenants

Interest rate rises could have a negative effect on covenant strength as some companies are forced to refinance at higher rates, advisers have said, and trustees should keep a watching brief to mitigate any resultant impact on their sponsors' ability to pay scheme contributions.

Tenth of employers weigh up medium-term DC drawdown offering

One in 10 UK employers have said they will offer members post-retirement drawdown facilities within their defined contribution scheme in three to five years, according to a poll, but advisers still doubt trustees’ desire to govern such provision.  

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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