Tim Jones has handed back half his performance-related bonus out of consideration for senior civil servants’ wage restraints, according to Nest Corporation’s annual report.
Latest articles from Charlie Thomas
DC regulation has too many chiefs, warns NAO
Having too many regulators for defined contribution pensions is making regulating schemes, setting objectives and measuring performance wasteful, according to the National Audit Office.
Fundamental question: freedom of choice
This month saw the five-year anniversary of New Zealand’s KiwiSaver scheme. There are now 1.95 million people in the scheme, and NZ$11.8bn (£6.08bn) is sitting in their retirement savings accounts.
Decoder: will reforms get results?
To achieve a comfortable retirement, we are expected to save a percentage of our wages that will make for an uncomfortable present. Charlie Thomas asks whether a realistic solution can be found.
PIPA 2012: the winners
Comedian Alun Cochrane hosted the highly respected Pension Investment Provider Awards on May 23 at the Sheraton Park Lane Hotel.
The Specialist: property survey
There is increasing belief property has emerged from being an alternative asset to a crucial part of a scheme's allocation. As trustees become more comfortable with this asset class, Charlie Thomas surveys the existing players to provide clarity on the main differences between fund managers.
The Specialist: infrastructure survey
Avenues for domestic infrastructure investing are really starting to open up but, for many schemes, higher returns — and risks — are tempting them overseas. Despite pension funds' long-term outlook, says Ian Smith, special consideration must be given to costs, as well as legal and currency risks.
Trustees could save thousands in FX fees
UK pension schemes continue to pay too much for transacting foreign exchange (FX), despite high-profile US schemes filing lawsuits against their custodians.
Fundamental question: annuities grow up
Continuing depression on gilt yields and high inflation – not to mention the impact of QE – have led to annuity rates reaching historic lows. Providers and consultants have reacted by developing alternatives to traditional annuities for those approaching retirement.
Webb takes first steps along road to defined ambition
Steve Webb has been in talks with global employers which he claims have an appetite for risk-sharing with pension staff.