All Aon articles – Page 14
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NewsLifetime Isa blurs lines between long and short-term saving
Budget 2016: The dreaded tax change on pension saving has been narrowly avoided in the chancellor’s Budget 2016, but the announcement of a Lifetime Isa could be a step towards a pensions Isa, industry comments suggest.
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Features
Shell diversifies away from equities over market fears
The Shell Contributory Pension Fund has diversified its growth asset portfolio and reduced its equity holdings in response to concerns about the level of risk.
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News
LGPS to meet cost of GMP inflation proofing
A quirk in regulation could leave the Local Government Pension Scheme and several other public sector arrangements responsible for meeting the costs of inflation-proofing the benefits of members retiring between April 2016 and December 2018.
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NewsIndustry concern over government's 'dangerous' ESG proposals
A proposal that would empower the government to intervene in local government pension investment decisions where they contradict British foreign policy has raised concern in the pensions industry.
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FeaturesRoyal Mail runs survey as freedoms heighten need for engagement
The Royal Mail Pension Plan is running an online member survey to judge engagement and levels of understanding among its members as freedom and choice makes member decisions even more important.
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NewsRM deficit reduction highlights need to be proactive
Online teaching tools supplier RM has shortened its recovery plan and reduced its deficit by more than £10m using a combination of contributions, updated member information and a buy-in.
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Opinion
Corporate schemes shore up portfolios with fixed income and LDI allocations
Data analysis: UK corporate defined benefit schemes upped their allocations to fixed income in the last quarter of 2015, data show, as trustees took the opportunity to hedge out further risk by increasing liability-driven investments.
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News
Rise in member contributions at Scottish Power shows impact of online tools
Energy company Scottish Power has seen a tenth of its stakeholder pension plan up their contributions following the introduction of a member portal that models pension outcomes and warns if an individual is likely to miss their target.
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News
New code firms up boundaries on incentive exercises
A revised code of practice on incentive exercises will provide trustees and employers with practical tips on problem areas, as schemes begin to target more holistic derisking strategies.
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News
Project POOL maps the route for LGPS
Pooling assets across the Local Government Pension Scheme could ultimately deliver annual savings of £190m-£300m, according to new analysis that goes some way to giving LGPS funds much-needed clarity.
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News
PiP seedling poised to flower following FCA authorisation
The Pensions Infrastructure Platform has been authorised as an investment manager by the Financial Conduct Authority and is tipped by industry experts to be a top contender in fulfilling the role of “national infrastructure platform” for local authority schemes.
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News
Strong covenants offer schemes more slack on investment risk
Schemes with strong employer covenants could find it easier to take on more investment risk, experts have said, in light of the Pensions Regulator’s increased focus on integrated risk management.
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OpinionNew pensions accounting standards: What is the impact on employer balance sheets?
For employers participating in group defined benefit pension plans, and in relation to plan surpluses, the new UK generally accepted accounting principles for 2015 will have a significant effect.
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FeaturesEntering the matrix: Taking pension tech to the next level
Any other business: Apple’s string of acquisitions over recent months are pushing the boundaries of artificial intelligence in the drive to get closer to consumers – but where does the pensions industry rank in the digital journey?
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News
FCA data show Pension Wise take-up is still low
More should be done to encourage pension engagement in the workplace, experts have said, after the latest data from the Financial Conduct Authority show low use of Pension Wise.
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News
NI government offers early retirement to teachers aged 55+
The Department of Education in Northern Ireland has approved a £33.1m scheme offering premature retirement terms to members over 55 years old to make space for new hires in the workforce.
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Features
Market trends shaping liability management in 2016
Defined benefit pension schemes across the UK struggled with soaring liabilities in 2015, but industry experts have warned against a 2016 ‘bet on interest rates’ in what could be a bumper year for tackling risk.
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Features
Secondhand annuity market takes shape but risk of poor deals looms
Analysis: The government has confirmed it will soften the tax hit for those looking to take advantage of the secondary annuity market, but some experts are concerned the financial services industry holds all the cards in getting the best deal.
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News
Just over half of LGPS have procedures for legal breaches
A little over half of public sector pension schemes have procedures set up to handle breaches of law, but experts have said scheme governance is improving markedly among local government pension schemes.
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NewsScapa saves £600k through flexible retirement exercise
Adhesive tape manufacturer Scapa Group has saved around £600,000 by offering flexible retirement options to some deferred members of its defined benefit scheme, clearing more than £10m of liabilities.