BP Pension Scheme has formalised a derisking framework with its sponsor to dampen covenant, asset value and investment risks, delegates at the National Association of Pension Funds’ investment conference 2014 heard last week.
Data analysis: Nearly two-thirds of workers heard about auto-enrolment through the media rather than from their workplace, sparking concerns that employers are not playing a strong enough role in communicating the reform.
Schemes may want to consider holding off adjusting their spousal benefits, after a tribunal overturned a previous ruling that deemed entitlements should take into account membership pre-dating the Civil Partnership Act 2004.
NAPF Investment Conference 2014: Collective defined contribution could be a way forward for schemes trying to "give members what they want" and avoid burdening them with decisions, said Diageo's director of pensions.
NAPF Investment Conference 2014: The John Lewis Partnership's DC scheme will not consider offering income guarantees to its members, unless a legislative framework is put in place to deliver them.
NAPF Investment Conference 2014: Pension trustee boards can provide a governance training ground for mid-level executives looking to get onto company boards, but diversity efforts have stumbled among member-nominated trustees, experts have said.
Comment & Analysis
In the latest Informed Comment Pension Playpen's Henry Tapper scrutinises auto-enrolment provider-consultant collaborations.
Talking head: LPFA's Mike Allen explains how LGPS reforms are being put in place at the scheme.
Sacker's Zoë Lynch assesses the impact of the change to the definition of money purchase on schemes in this week's edition of Technical Comment.
Video: Sarah Smart, chair of the trustee board at the Pensions Trust, says its fiduciary management set-up has outperformed its target at lower risk than budgeted for, and explains how the scheme monitors this arrangement (5:56).
Video: In this first edition of The Review, Insight's Colm McDonagh and Towers Watson's Ed Britton discuss the impact of recent emerging market volatility on pension funds' sovereign debt holdings, and assess value in the market (5:43).
Video: London Pensions Fund Authority's Susan Martin explains its plans to collaborate with other organisations and schemes to up its allocation to infrastructure and private equity, in this edition of Policymakers and Decision-makers (5:08).