Public Accounts Committee to probe AEAT scheme members’ treatment

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The Public Accounts Committee is to investigate the treatment received by members of the AEA Technology Pension Scheme when it entered a Pension Protection Fund assessment period in 2012.

Consultants advise diversification as recession fears mount

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As recession fears rise, investment consultants are advising institutional clients to ensure their portfolios are well diversified to reduce downside risks. They also advocate a degree of dynamic asset allocation in a bid to capitalise on changing market conditions.

Lords call for ‘far stricter limits’ on LDI leverage

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A committee in the House of Lords has called for “far stricter limits” on leverage in liability-driven investments, which it believes caused the Bank of England intervention, while considering giving the Prudential Regulation Authority a role in schemes’ supervision, due to their “bank-like” strategies.

London CIV faces uncertainty as local authority fund ponders future

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Despite the government’s best efforts to pool the assets of UK local authority pension funds, one London scheme – the £1.5bn Royal Borough of Kensington and Chelsea Superannuation Fund – recently revealed it may leave the London CIV.

Government proposes changes to LGPS cost-control mechanism

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The government is proposing a series of changes to the Local Government Pension Scheme cost-control mechanism, aligning it with other public sector plans while giving more discretion to the Scheme Advisory Board.

Managers using LDI debacle to ‘grab assets’ from schemes

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Asset managers are using the liability-driven investment turmoil as an excuse to “grab assets” from defined benefit schemes by demanding buffers higher than those recommended by the regulators, a former fund manager has revealed.

Comment

Turbulent weather ahead for DB schemes

Simon Pilcher

USS Investment Management chief executive Simon Pilcher details the current risks faced by defined benefit schemes, and how an investment strategy should be based on balance, diversification and resilience.

Government disappoints in auto-enrolment inquiry responses

David Brooks

Broadstone head of policy David Brooks is calling on the government to start advising people that current minimum contributions will not be enough for a comfortable retirement.

We need to teach people about money, not just maths

Robert Cochran

Scottish Widows’ Robert Cochran explains how the recent pledge to extend numeracy education in schools should also include financial matters.

Videos & Podcasts

CPD

Buyout volumes set to beat all records in 2023

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CPD: How do you stand out from the crowd in the scrum for the best buyout deals? Stephanie Hawthorne asks industry insiders how to make sure your scheme is enticing to insurers in the jostle for their attention.

TPR overhauls DB funding in biggest shake-up for a decade

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CPD: Stephanie Hawthorne explains the regulator’s proposed new defined benefit funding regime and what changes schemes and sponsors can expect.

Building up the voluntary carbon markets

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CPD: Markets where companies can buy carbon offsets are growing in scale and value, but debate continues around how to ensure their quality and contribution to tackling climate change.