Latest articles from Angus Peters

British Steel saga raises questions on advice market and transfers

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News analysis: The Financial Conduct Authority has restated its concerns about the decisions being made to transfer out of defined benefit schemes across the country, after poor advice given to UK steelworkers was recently highlighted. What lessons can be learnt from the British Steel saga, and do regulators need to embark on a programme of reforms?

Industry is divided over Royal Mail's CDC proposal

Pressure is mounting on the Department for Work and Pensions to lay regulations for collective defined contribution, after mediation between Royal Mail and the Communication Workers Union recommended lobbying government to facilitate their creation of a CDC scheme.

BAE actuarial switch sidesteps funding slump

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BAE Systems has ditched gilts-based valuations for its UK defined benefit schemes after gaining regulatory approval, freezing its deficit at 2014 levels and sparking controversy in the pensions industry.

Trustees and consultants urged to up their game in transparency push

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The chair of the Financial Conduct Authority’s working group on cost disclosure has spoken out about a dangerous fixation with net performance in the pensions industry, insisting that granular data is needed for the recent transparency drive to have any effect.

De La Rue cuts pension increases to ease funding pressures

Trustees of the De La Rue defined benefit pension scheme have agreed to cut inflation-proofing on member benefits, wiping an estimated £70m off the security specialist’s accounting deficit.

Economic gloom overshadows quiet Budget for pensions

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Autumn Budget 2017: The pensions industry has had its wish granted with a Budget light on savings policy, but a worsening economic horizon may still mean heads are being scratched on pension scheme investment boards.

The ultimate guide to passing a trustee interview

Any Other Business: Selection is the new election. More and more trustee boards are choosing new additions to their ranks themselves rather than leaving board composition to a democratic vote, according to experts.

A million older workers fall into unemployment trap

An “unemployment trap” preventing older people from finding jobs requires a rethink of pensions and benefits policy, a new report claimed on Tuesday, as state pension age increases threaten to harm those left out of the labour market.

Covenant risk is dominating the DB agenda

Defined benefit trustees are becoming increasingly concerned about the strength of their employer covenants, a new survey has revealed, as Brexit uncertainty feeds into broader concerns about the future of sponsors.

Seven in 10 professional trustees want standards body

Professional trustees have called for a body to set standards and monitor performance in the industry, but experts have cautioned against any measure that threatens the level of cognitive diversity on trustee boards.

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