Fund managers’ ESG claims outperform reality

A third of asset managers are still not engaging on climate change, according to analysis by Redington. But of those that do, experts warn that their environmental, social and governance ratings may not be all that they appear.

Barclays Bank coughs up £750m in unusual DRC move

In an unusual arrangement, Barclays Bank UK Retirement Fund’s deficit recovery plan remains on track through a self-investment, as the scheme subscribed to a £750m bond issued by an entity of the banking group.

Redundancies cause threefold rise in member requests at BA

Redundancies at British Airways coupled with members’ concerns about the security of their pensions have significantly increased the workload of its administration team, which has prompted the schemes to set up a communication plan to deal with the issue.

Eviction ‘holiday’ poses threat to schemes’ property investments

The government’s extension of a measure designed to provide relief to struggling tenants could adversely affect pension scheme property investments, especially where the scheme acts as a landlord, experts have warned.

Scottish Widows snares top hire from Legal & General

Veteran professional David Butcher has just taken on a new dual role as a member of the master trust board and independent governance committee at Scottish Widows, moving from Legal & General’s master trust board.

Covid and regulatory burdens push building society to outsource scheme

With the work of lay trustees becoming more complex, and the pandemic highlighting other areas in need of sponsors’ attention, the Furness Building Society has opted to outsource services for its defined benefit scheme, a trend that is expected to accelerate.

Comment & Analysis

Not-for-profit sector schemes should consider more specialist approach

Vishal Makkar (teaser)

Buck’s Vishal Makkar on how the not-for-profit sector’s idiosyncrasies demand a specialist approach to pension funding and investment.

Coronavirus crisis shines the spotlight on fiduciary management

Christy Jesudasan (teaser)

BMO Global Asset Management’s Christy Jesudasan gives an update on how the pandemic has impacted fiduciary manager asset views, and explores steps trustees can take to be more nimble in the face of similar volatility.

Trustees need to up their game to protect member journey

Helen Beckinsale (teaser)

Trustees should up their game when it comes to contingency planning and member communications, as 90 per cent of schemes that have entered assessment at the pensions lifeboat fund could be better prepared, writes Helen Beckinsale, panel service manager at the Pension Protection Fund.

Videos & Podcasts

DB schemes could be ‘doomed to failure’ by new funding code

Twitter podcast logo

Podcast: Defined benefit schemes could be “doomed to failure by measures that are designed to help them”, warns Baroness Ros Altmann, referring to the proposed new funding code.

TPR to make changes to DB funding ‘fast-track’

Twitter podcast logo

Podcast: The Pensions Regulator will make changes to the fast-track approach proposed in its defined benefit funding consultation due to the impact of Covid-19, revealed its executive director of regulatory policy, analysis and advice David Fairs.

Schemes cannot eliminate chance of cyber breach

Twitter podcast logo

Podcast: Pension schemes hold an extraordinary amount of personal data. Though trustees have done much since the passage of GDPR to improve data security, it is impossible to remove the risk of breaches entirely. So says ITM director Maurice Titley, joined this week by Aon partner Lynda Whitney to discuss cyber security, McCloud, and Covid-19’s impact on recovery plans.