UK corporate schemes ploughed 20 percentage points more of their assets into alternatives in the past three months than the previous quarter, while cutting inflows into fixed income, investment data have shown.
Catering company Jenkinsons has auto-enrolled around 400 staff with just three opt-outs, despite enrolling a large seasonal workforce.
Cambridgeshire County Council Pension Fund has mandated its largest participating employer to detail member contributions, in order to more effectively monitor late payments to the scheme as new reporting requirements come into play.
South Yorkshire Pension Fund has increased its allocation to property and placed greater emphasis on emerging market and high-yield debt as it searches for greater balance between risk and returns.
The largest UK mobile group’s defined benefit pension scheme is removing a set allocation to index-linked gilts in favour of absolute return bonds and hedge funds, the latest institutional investor to reset its portfolio in a hunt for value.
Employers that have put in place annuity brokering services for their defined contribution scheme members have been called upon to rip up or review these set-ups to make sure they are giving savers an adequate view of the market.
Comment & Analysis
Muse Advisory's Anne Kershaw looks at how trustees can evaluate the quantitative and qualitative impact that investment consultants have on schemes, in the latest edition of Technical Comment.
In the latest edition of Informed Comment, Investec's Atul Shinh discusses hedge fund performance – do they offer pension funds good value for money, or are they a luxury schemes could do without?
Talking head: Pensions commentator Ros Altmann says the new at-retirement flexibilities introduced in this year's Budget will make it harder to attract employers and members to shared risk schemes.
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).
Video: The Pension Protection Fund's John St Hill, M&G's William Nicoll and Hymans Robertson's Carl Hitchman discuss fixed income challenges, and how schemes can prepare for the end of the low-rate era (6:00).
Craig MacDonald, Head of Credit and Aggregate at Standard Life Investments, gives a clear perspective on how best to approach Fixed Income.
The DC Debate
- Reckless conservatism: Why it blights young people’s DC pots
- How to evaluate your investment consultant's impact
- Issuing a 'trustee P45' – is firing scheme reps ever justifiable?
- Wider default definition will land more funds in charge cap net
- EE ditches gilts for absolute return as institutions hunt yield