SNP bill seeks PPF support for orphan liabilities

A private members’ bill submitted by Scottish National Party MP Alan Brown last week could see the Pension Protection Fund taking on so-called orphan liabilities from multi-employer pension schemes.

Electrocomponents scheme invests in bespoke pooled fund

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The UK defined benefit scheme of FTSE 250 distributor Electrocomponents has moved much of its fixed income exposure into a qualifying investor alternative investment fund.

Regulator sees merit in criminal sanctions for DB sponsors

The Pensions Regulator is prepared to deploy tough new powers promised by the Department for Work and Pensions’ defined benefit white paper, although it admitted that there will be a high bar for beginning any criminal proceedings against sponsoring employers.

More than a third fail to assess basic needs for retirement

More than a third of people have never estimated their income needs for later in life, and 38 per cent of individuals are not confident about their ability to retire comfortably, according to new research by provider Aegon.

The Weekly Wrap – June 15 edition

The Weekly Wrap

A round-up of the pensions news stories published across the FT Group this week – from tens of thousands of pensioners facing a reduction in their state pension, to Japan's government pension fund criticising active managers on ESG. 

Comment & Analysis

A frugal retirement

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Editorial: One of the biggest concerns following the 2015 introduction of pension freedoms has been the potential for people to blow their savings too early and run out of money.

Time gap to stop fiduciary flipping looks CMA’s best bet

Roger Brown

That the Competition and Markets Authority has found evidence that most pension schemes look to their existing consultant when appointing fiduciary managers will surprise few, writes IC Select’s Roger Brown, but only one of the watchdog’s four remedies has the potential to change the industry for the better.

Videos & Podcasts

Guy Opperman talks AE, the self-employed and superfunds

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Podcast: From the government's review of auto-enrolment, to the publication of its defined benefit white paper, the past 12 months have been a busy time regarding retirement saving. While a significant amount of progress has been made, plenty more is needed. In this podcast, Guy Opperman, minister for pensions and financial inclusion, discusses auto-enrolment, pensions for the self-employed and superfunds.

Should member-nominated trustees be elected or selected?

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Podcast: Under the Pensions Act 2004, at least one-third of a pension scheme’s trustees should be member-nominated. David Brooks, technical director at consultancy Broadstone, and Stephen Fallowell, former MNT at the Royal Bank of Scotland Group Pension Fund and committee member of the Association of Member Nominated Trustees, debate the merits of electing trustees versus selection by panel.

How is LGPS pooling driving responsible investment?

Podcast 160518 Dawn Turner

Podcast: As Local Government Pension Scheme pooling progresses, the £29bn Brunel Pension Partnership – which includes 10 LGPS funds, including the Environment Agency Pension Fund – has been one of the strongest advocates of responsible investing. In this podcast, Brunel’s chief executive officer, Dawn Turner, discusses how far institutional investors have come with sustainable investment, what progress needs to be made, and how the Brunel pool views environmental, social and governance issues.

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