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The Weekly Wrap: September 22 edition

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A round-up of the pensions news stories published across the FT Group this week, from spiralling long-term care costs, to British Airways proposing a new scheme for legacy defined benefit members.

The Weekly Wrap: September 15 edition

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A round-up of the pensions news stories published across the FT Group in the past week, from robots widening the pension savings gap, to the plight of small institutional active management firms.

Was the financial crisis all bad news for pensions?

Sarah Brown

From the blog: Ten years on from the financial crisis, we are only now seeing the full implications for pensions. It seems a bleak picture. With gilt yields remaining at historic lows, many schemes have seen deficits and contribution requirements balloon.

 

High profile failures have been a key theme of recent times and have led to even more questions about the state of pensions.

 

Although the financial crisis can be blamed for some of the issues we face, are pension scheme members actually suffering because of these changes? 

The Weekly Wrap: September 8 edition

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A round-up of the pensions news stories published across the FT Group in the past week, from soaring defined benefit transfer values, to Royal Mail facing a ballot over industrial action in a pension dispute.

Trustees cannot ignore deferred members abroad

Bethell Codrington

From the blog: The press is full of reports surrounding the transfer of defined benefit schemes to defined contribution or personal pensions. What has been massively overlooked is trustee responsibility to deferred members who are no longer UK residents.

 

The UK has a tradition of employing migrant workers not just from the EU, but globally. A large number of them return home after a period in the UK, either to retire or carry on with careers elsewhere with no intent to return – as residents – to the UK. 

 

Click here to read the full blog post

How trustees and employers can support member decisions

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Podcast: How can trustees and employers provide support on members' financial decisions without being subject to regulation? Kate Smith, head of pensions at provider Aegon, and Mike Crowe, trustee representative at Dalriada Trustees, discuss the Financial Conduct Authority's employer and trustee factsheet and what can be done to improve members' financial wellbeing. 

The Weekly Wrap: September 1 edition

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A round-up of the pensions news published across the FT Group in the past week, from continuing underfunding woes in the US, to Sweden's increasing acceptance of alternative assets.

Trustee standards – an impractical election fever

Colin Richardson

From the blog: There is much debate on how to improve trustee standards. Recently, the highly respected Kevin LeGrand floated some ideas.

 

Some of the suggestions LeGrand made were good. He suggests trustee chairs should be professional trustees – which as a professional trustee I would of course wholeheartedly support.

But he goes on to say they "should be selected by the sponsor from a pool elected by the membership", which might not be very practical. 

 

Click here to read the full blog post

South Yorks fines employers for late contribution returns

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The South Yorkshire Pensions Authority has witnessed an improvement in its service delivery, following the launch of a new pensions administration strategy which allows it to fine tardy participating employers.

The Weekly Wrap: August 25 edition

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A round-up of the pensions news published across the FT Group in the past week, from an insolvent US pension fund, to Frank Field's latest investigation into the running of UK pension schemes.

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