DB & DeriskingRSS

Pensions Institute: Relax DB promises to tackle PPF drift

Stressed schemes and employers should be allowed to reduce pension increases and gain easier access to PPF-plus benefit-restructuring methods in order to minimise “PPF drift”, a new academic paper has said.

FCA transfer proposals welcomed but timeline draws criticism

Source: Bloomberg

The Financial Conduct Authority’s new proposals on pension transfers have been widely welcomed across the industry, but concerns around the 2018 implementation of the final rules remain.  

Scheme support levels at lowest since financial crisis

Affordability of FTSE 350 defined benefit pension promises has retreated to levels not seen since the global financial crisis, a new report has found, putting pressure on trustees of mature schemes.

Pearson moves away from hedge funds into DGFs

Cover graph teaser 190617

The pension plan of publishing giant Pearson Group has scrapped its hedge fund exposure and invested in diversified growth funds, in a bid to control investment risk and costs as the scheme nears self-sufficiency.

TfL adds online self-service in admin refresh

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The Transport for London pension fund is introducing a new administration system that will give members a self-service option, something experts say can help reduce costs in the long term.

Employers urged to actively manage covenant

Employers and schemes must take a more active approach to managing their pension liabilities to improve covenant strength, experts say.

Addressing career flexibility could help tackle gender pensions gap

The gender pay gap is a multi-faceted problem that needs a multi-pronged approach, experts say — from financial education to adapting the pensions system to assist flexible working. 

Imperial Tobacco fund sharpens returns focus

The Imperial Tobacco Pension Fund has cut its exposure to shares and corporate bonds in favour of alternative asset classes, with a view to increasing the scheme’s sources of return and reducing reliance on equities.

FCA cracks down on transfer advice

Pension consultants have welcomed the Financial Conduct Authority’s adoption of a tough stance on companies advising on defined benefit transfers, calling it a “price worth paying” for member security in retirement.

Increased use of RAAs is 'inevitable', experts say

The Pensions Regulator has agreed a regulated apportionment arrangement with Hoover, as experts say the number of RAAs, as well as the amount of due diligence involved, is likely to increase.

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