The Local Government Pension Scheme has introduced a check tool for members as the lifetime and annual allowances complicate life for those with large defined benefit pensions and higher salaries.
The pensions industry must focus on technology and consumer engagement to keep up with changing demographics and work habits, but opinions are divided over whether robo-advice is the best solution.
A wide-ranging government green paper is exploring a number of possible changes to improve the sustainability of defined benefit schemes, but although experts welcomed the variety of issues discussed, some noted a lack of urgency.
Investment manager Henderson Group has agreed a recovery plan with its trustees after its defined benefit scheme fell out of surplus at the latest triennial valuation.
The consultation stage of the Financial Conduct Authority’s market review of the asset management industry closed last week, with experts welcoming the boost to transparency but remaining reticent over proposals for an all-in fee structure.
The London Pensions Fund Authority is under pressure from London Mayor Sadiq Khan to divest entirely from fossil fuel holdings, but says it prefers working with companies and fund managers over divesting.
Comment & Analysis
Aon Hewitt’s Lucinda Downing makes the case for currency hedging and states where and how schemes can do so.
Lifting restrictions on transfers and contributions will hit newer mastertrusts but can also serve as a catalyst for innovation, argues SEI’s David Snowdon.
The way financial advice is provided is developing but consumers still need protection, says the Financial Conduct Authority's David Geale.
Video: With short-term inflation rising, are interest rates likely to go up, and should unhedged schemes go into LDI now? How can growth assets be combined with LDI products, and what role will cash flow play for LDI strategies? Jonathan Crowther, head of UK LDI at Axa Investment Managers, and Sophia Heathcoat, investment consultant at Barnett Waddingham, discuss their expectations for LDI.
Video: As the Pensions and Lifetime Savings Association has highlighted four areas for potential change to the defined benefit landscape, Ashok Gupta, who chairs its DB Taskforce, talks about the proposals and the taskforce's aims.
Video: As the Bank of England has cut rates and launched into a new round of quantitative easing, what are the effects on pension schemes and where can they seek cover? Aon Hewitt partner Lynda Whitney gives answers.