Latest articles from Sophia Imeson

Lloyds switches DGF for equities in default fund

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Trustees of the Lloyds Bank Pension Scheme No.1 have overhauled the default offering for defined contribution members, ditching a diversified growth fund for a 100 per cent equity allocation in the first years of saving.

DB governance: Small schemes fail to keep pace

Small defined benefit schemes are still lagging behind their larger counterparts when it comes to governance standards, new research from the Pensions Regulator has shown.

Industry takes the lead

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Editorial: The pensions industry has got a tough job on its hands.

Millennials want more help with pensions, study shows

Millennials have a responsible attitude to retirement saving, despite pressure to get on the property ladder and pay off student debt, but more than half want more support and information about pensions, a study has found.

Renishaw in recovery plan discussion with regulator

British engineering company Renishaw has been in discussions with the Pensions Regulator after the watchdog questioned its recovery plan, potentially leading to a £45m cash contribution to the scheme if the current recovery plan is terminated.

Financial health matters

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Editorial: I like to think that most employers take their workers’ wellbeing seriously. But with employers proving slow to develop dedicated financial health strategies, it may be time for management to start talking to staff more.

Cost concerns hinder company action on staff financial wellbeing

Forty-nine per cent of employers currently have no defined financial wellbeing strategy in place, a recent survey has found, as experts urged corporate boards to tackle the subject formally.

Bulk annuities: How should schemes approach the market?

Analysis: 2018 has been a very busy year so far for buy-ins and buyouts, with plenty of competition and attractive insurer pricing. But with demand predicted to rise, preparation is becoming key for trustee boards.

Trustees take more active approach towards transfers

Analysis: Since the introduction of freedom and choice in 2015, more and more savers have shown an interest in defined benefit transfers, so what are the main benefits and risks for schemes?

Lookers merges defined benefit schemes

UK motor resale company Lookers has amalgamated two of its defined benefit pension schemes, as experts highlight the improved efficiency and cost savings associated with mergers.