FCA targets lifestyling laggards in latest consultation

Employers and providers are being compelled to address the suitability of default 'lifestyling' strategies in defined contribution schemes as part of a wider consultation by the City watchdog to improve the pension market for consumers. 


Asset insourcing saves LPFA 75% on fees

Chris Rule

FT Investment Management Summit: The London Pensions Fund Authority could run as much as half of its assets in-house within the next three years, cutting the fees charged on those assets by three-quarters.

Regulator retreats from insolvency trustee appointments

Insolvency practitioners working for schemes' troubled sponsors are being encouraged by the Pensions Regulator to take the initiative in appointing trustees, which in many cases could shorten Pension Protection Fund assessment periods.

What prep have trustees made ahead of any tax changes?

Any Other Business: John McDonnell has laid bare his plans to end austerity and tackle the deficit by taxing the rich.

Smiths Group claws back deficit after 8-year fight

Technology and engineering conglomerate Smiths Group has reported a significant improvement in the funding position of its defined benefit pension schemes after pursuing a stringent eight-year derisking campaign.

AG Barr girds funding journey via asset-backed move


Irn-Bru owner AG Barr’s pension scheme deficit deteriorated by £18.4m in the year to January, but it anticipates key manoeuvres including an asset-backed funding plan will support its long-term funding position.

Comment & Analysis

Many happy returns

Illustration by Ben Jennings

Editorial: Happy birthday China. The people’s republic is 66 this week. It is celebrating with a suitably extravagant garland of floral sculptures including trains, rockets, castles, satellites and even skiers – a nod to the country being awarded the 2022 Winter Olympics.

How smaller schemes can flex their shareholder muscles

Janice Turner

For too long smaller pension schemes have struggled to have their shareholder voices heard. The AMNT's Janice Turner explains how even the smallest investors can get involved.

LPFA: Seize the opportunity

Sir Merrick Cockell

The LPFA's new chair, Sir Merrick Cockell, says the argument for change across the LGPS is undeniable and schemes should seize the opportunity.


Video: Regulator promises 'short, punchy' DC code

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Video: The Pensions Regulator's chief executive Lesley Titcomb outlines the watchdog's key areas of focus – including a revision of the DC code, the freedom fallout and mastertrust assurance, and touches on the argument for a single regulator (6:11). 

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