DB & DeriskingRSS

Patient capital consultation met with industry scepticism

The government closes its consultation on financing growth in innovative firms this week as it looks to increase scheme investment in ‘patient capital’, but concerns persist over the suitability of this asset class for pension schemes.

TPR campaign outlines governance basics

The Pensions Regulator has launched a new campaign directed at trustees and their advisers, as part of a wider push to raise governance standards, but experts say its success relies on collaboration and engagement from all stakeholders.

Oxfordshire referred to TPR for a second time

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The Oxfordshire County Council Pension Fund has received a second referral to the Pensions Regulator after it failed to submit its annual benefit statements on time.

How valuable are transition managers?

Analysis: Last week, State Street agreed to pay approximately $35m (£26m) to settle a pair of complaints by the Securities and Exchange Commission that it defrauded six institutional investors while conducting transition management services.*

What can pension schemes learn from insurers?

Analysis: Prudent liability management features among the priorities of pension funds and insurers alike. Experts have previously called upon investors to think more like insurers, but differences in objectives, regulatory requirements and scale mean that total strategic convergence between schemes and insurers is unlikely.

Nilgosc outvotes social infrastructure sceptics

NILGOSC

The Northern Ireland Local Government Superannuation Committee has voted for social infrastructure as a suitable investment type, despite concerns among some committee members about political risk and the impact on public services.

Schemes regain faith in fid man evaluators

Trustees have shown more inclination towards using third-party evaluators as part of the fiduciary management selection process, a new report has shown. Mid-sized schemes continue to flock towards fiduciary management.

How to make sure a scheme merger runs smoothly

Analysis: A desire to cut costs and harmonise pension provision often drives companies with multiple defined benefit pension funds to consolidate their schemes, but experts say there are a number of factors trustees and employers should bear in mind to ensure a smooth merger.  

Brexit will have little impact on admin, experts say

Source: Bloomberg

In pension terms, Brexit is widely expected to affect sponsor covenant and potentially regulation, but will it change how schemes pay pensioners who live in the EU?

PLSA urges schemes to focus on ‘inputs’

A new report on pension scheme governance calls for greater focus on improving the quality of structures and personnel, or ‘inputs’, and argues that processes have received excessive attention.

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