Special FeaturesRSS

Trustees must not shirk responsibility on DB transfers

Roy Murphy

From the blog: The Merchant Navy Officers Pension Fund has, in common with many other defined benefit pension schemes, seen a significant increase in transfers out of the fund since the introduction of pensions freedoms introduced three years ago under the then pensions minister, Steve Webb.

In fact, MNOPF saw a 100 per cent increase in transfers out in 2017 compared with 2016.

This trend was brought into sharp focus recently with the revelation that the Pensions Regulator has written to a number of schemes warning about excessive transfer values being paid out in some cases.

Click here to read the full blog post

The Weekly Wrap: September 21 edition

Getty Images

A round-up of the pensions news stories published across the FT Group this week, from millions of pounds of tax relief being overpaid to pension savers, to two NYC pensions pumping money into an 'exotic' quant strategy.

How should trustees be monitoring their employer covenant?

Twitter podcast logo

Podcast: Over the last few years, headlines highlighting several high-profile defined benefit pension cases have hammered home the importance of having a strong covenant. Mark Evans, director at Independent Trustee Services, and Adolfo Aponte, director at covenant specialists Lincoln Pensions, explain how trustees can keep tabs on their employer.

New guidelines provide carrot and stick on DC administration

Andy Cheseldine

From the blog: As a trustee, I welcome with open arms the DC Administration Governance Guidance issued earlier this summer by the Pension Administration Standards Association.

I was part of the committee that ushered these new standards in, and they come not a minute too soon.

For too long, there has been an unhelpful inability to provide definitive and measurable guidance for those operating on the front line.

Click here to read the full blog post

The Weekly Wrap: September 14 edition

Getty Images

A round-up of the pensions news stories published across the FT Group this week, from advisers being asked to stump up more cash for the Financial Services Compensation Scheme, to asset managers being told to back up their environmental, social and governance credentials.

Security and accuracy: the pillars of dashboard success

Richard Howells

From the blog: The government has called on the industry to develop a pensions dashboard before the end of 2019.

But more needs to be done to address security concerns if it is going to be a success, and it must deliver on its potential to improve consumers’ savings journey.

It is vital that the dashboard only shows personal data to the correct individual.

Click here to read the full blog post

The Weekly Wrap: September 7 edition

Getty Images

A round-up of the pensions news stories published across the FT Group this week, from pension problems for DIY divorcees, to an Australian fund handing back millions in fees to investors.

Mastertrust authorisation: TPR explains readiness review feedback

Mastertrust authorisation video button 060918

Video: From April 2019, mastertrusts will not be allowed to operate unless they have been authorised by the Pensions Regulator. Applications for authorisation commence in October this year, and the watchdog has received 33 draft authorisation applications as part of its readiness review process. Kim Brown, head of mastertrust authorisation and supervision, discusses the regulator's recently published feedback and key lessons learned.

What would be the impact of tighter regulation of actuaries?

Podcast button

Podcast: An advisory group to the government review of the Financial Reporting Council is considering the role of actuaries and the extent to which actuaries should be subject to formal regulation in response to the pensions-related nature of recent corporate failures. Bob Scott, senior partner at actuarial consultancy LCP and immediate past chair of the Association of Consulting Actuaries, discusses the potential impacts of tighter regulation of the profession, and what it could mean for pension funds.

How will the ageing population affect markets?

Supriya Menon

From the blog: Of all the forces set to reshape the investment landscape over the coming decades, one stands above all others – the ageing of the world's population.

There is a common view on how this demographic shift will affect investment. The general assumption is that older people are more risk-averse and more focused on drawing income.

We disagree. As people live longer they will spend more time in retirement and thus need larger pension pots.

Click here to read the full blog post