All Barnett Waddingham articles – Page 11
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FeaturesVauxhall boosts LDI and DGFs in scheme overhaul
The Vauxhall pension plan has restructured its asset allocation by increasing exposure to liability-driven investments and diversified growth funds, as experts agree these are “sensible” steps to take.
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FeaturesJLR meets members halfway with Care switch
Jaguar Land Rover is switching its defined benefit schemes from final salary to a career average revalued earnings structure, as companies look to cut costs and manage risk while keeping employees on board.
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NewsElection news sparks industry speculation
Prime Minister Theresa May’s announcement of a snap general election on June 8 this year has left pension commentators divided over the effect this might have on pensions policy.
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OpinionNot the end of the world
Editorial: It is never nice to see more money leave your wallet than comes in.
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News
Labour's pension pledge card comes in for industry cost scrutiny
The Labour party has launched a pensioners’ pledge card, promising to extend the triple lock until 2025, compensate some of those affected by increases in women’s state pension age, and to protect the pensions of UK citizens overseas.
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NewsBromley tilts towards income as outflows bite
Faced with a projected cash outflow of nearly £5m in 2016-17, the London Borough of Bromley pension fund is trying to keep income up with a new investment strategy.
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FeaturesPru amends DC default, as experts warn against 'wait and see' approach
The Prudential staff scheme is due to amend its DC default fund this year in light of the introduction of freedom and choice, amid concerns that some schemes are choosing to wait for retiree data to help them design their default.
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FeaturesCould hybrids solve the pensions adequacy problem?
One has to feel sorry for members of Generation X. Successive studies have shown that unlike their millennial counterparts, whose quality of retirement it is entirely within the reach of policymakers to decide, defined contribution has failed Gen X-ers.
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News
TPR guidance: Welcome set of principles or waste of time?
While some have welcomed the Pensions Regulator’s recently published and extensive collection of investment guidance for those running defined benefit pension schemes, there are some concerns over the effectiveness of the information for time-stretched or less diligent trustees.
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OpinionHard times? Brexit and your scheme
From the blog: The implications of Brexit are likely to affect almost every facet of the wider economy.
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News
NICs U-turn puts pension tax back on the table
Chancellor Philip Hammond has cancelled plans to increase class 4 national insurance contributions for the self-employed, creating a £2bn shortfall in the nation’s accounts between 2018 and 2022, which many fear will be plugged by changes to pension tax relief.
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News
Buyouts more affordable but only for a handful of schemes
Buyouts have become more feasible as annuity pricing for non-pensioners has improved, but some experts say many schemes still have a long way to go before being able to afford a buyout or buy-in transaction.
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OpinionLDI: How hedging strategies should be adapted for the cash flow era
How has liability-driven investment evolved recently, and how does it need to change to be fit for the future? Six experts discuss the issues and opportunities for LDI.
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Opinion
Is it time for DC defaults to embrace ESG?
Large defined benefit funds and defined contribution mastertrusts have long been using their investments to engage with or divest from companies involved in controversial practices. Now, a renewed public focus on environmental, social and governance issues, as well as corporate reporting, could convince more to follow.
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Opinion
How can LDI be combined with cash flow delivery?
How should maturing pension schemes adapt their LDI strategies to meet increasing cash flow demands, and what solutions can help them navigate collateral issues? Axa Investment Managers’ Jonathan Crowther, Barnett Waddingham’s Sophia Heathcoat, Dalriada Trustees’ Simon Cohen, Hymans Robertson’s Alen Ong, Law Debenture’s David Felder and Standard Life Investments’ Mark Foster discuss.
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News
LGPS gets LTA and AA modelling tools, but tax complexity limits benefits
The Local Government Pension Scheme has introduced a check tool for members as the lifetime and annual allowances complicate life for those with large defined benefit pensions and higher salaries.
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News
'Greenest of green papers' explores DB sustainability options but lacks urgency
A wide-ranging government green paper is exploring a number of possible changes to improve the sustainability of defined benefit schemes, but although experts welcomed the variety of issues discussed, some noted a lack of urgency.
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Opinion
Pru exit doesn't signal death of annuities... yet
From the blog: Insurance giant Prudential is leaving the UK annuity market, but analysis of ‘at retirement’ product offerings show that guaranteed income still has a significant role in the post-freedom and choice savings world.
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Opinion
Is there still a place for triggers in LDI strategies?
How should schemes react to never seeing their hedging triggers hit, and is a time-based strategy better suited to the current rates environment? Axa Investment Managers' Jonathan Crowther, Barnett Waddingham's Sophia Heathcoat, Dalriada Trustees' Simon Cohen, Hymans Robertson's Alen Ong, Law Debenture's David Felder and Standard Life Investments' Mark Foster pick apart the implementation issues for today's LDI investors.
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Opinion
What changes are needed in LDI strategies?
Where are interest rates going to move over the next few years, and should schemes be worried by signs of rising inflation? Is cash flow the overriding concern? Axa Investment Managers' Jonathan Crowther, Barnett Waddingham's Sophia Heathcoat, Dalriada Trustees' Simon Cohen, Hymans Robertson's Alen Ong, Law Debenture's David Felder and Standard Life Investments' Mark Foster discuss.