All Consolidation articles – Page 14
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OpinionIs the CDC era about to begin?
One of the more interesting developments at this year’s political conferences was Labour’s conversion to the cause of collective defined contribution schemes.
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News
PLSA proposals welcomed but superfunds still ‘a step too far’
The Pensions and Lifetime Savings Association's DB Taskforce has published its final report, providing further details on the creation of superfunds, while highlighting how benefit simplification and a new chair’s statement for defined benefit scheme trustees could increase efficiency.
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OpinionReady for the next 20 years?
Pensions Expert 20th Anniversary: The future of pensions has never been less certain than it is today.
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Features
Wholesale changes to rules are needed to enable DB consolidation
Pensions Expert 20th Anniversary: Amalgamating defined benefit corporate pension funds could reduce costs, improve investment and make for better governance, but it is still unclear whether full DB consolidation is a chimera or the fix to a fragmented system.
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OpinionSeparation of services could shake up fiduciary management
There is no doubt that for several schemes, the appointment of a fiduciary manager has been a welcome addition to the support framework available to them.
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News
Manager stops single fund meetings as LGPS pools take shape
Fund manager Baillie Gifford has stopped attending and presenting at committee meetings of several Local Government Pension Scheme clients, demonstrating the trade-off between fees and face-to-face interaction that can come with asset pooling.
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FeaturesCYBG scheme closure highlights industry's 10-year funding headache
Banking group CYBG has closed its defined benefit pension scheme to future accrual, wiping £131m from its liabilities and avoiding increased contributions amid worsening market conditions.
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News
Now Pensions withdraws from mastertrust assurance list
Now Pensions has removed itself from the Pensions Regulator’s list of schemes that have obtained mastertrust assurance for automatic enrolment, citing historic problems processing client contributions.
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News
DB white paper will be published in winter
The Department for Work and Pensions will consider giving further “proactive” powers to the Pensions Regulator and examine the case for consolidation, in a long-awaited white paper on defined benefit to be published in the winter.
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OpinionHow consultants can prepare for scheme consolidation
The pensions industry, particularly the segment dealing with defined benefit schemes, is notoriously fragmented. In the UK alone there are more than 6,000 pension funds. From a macroeconomic perspective this does not make much sense.
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OpinionWhat are the obstacles to DB consolidation?
The UK government, multiple industry figures, and many of those within the pensions world have been highlighting the virtues of consolidation as one possible solution to the UK’s defined benefit deficits.
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Opinion
Lord Stoneham: Flat rate tax relief will help 'people in the middle'
For the latest instalment of our 2017 general election interview series, Lord Stoneham, the Liberal Democrat chief whip in the House of Lords, explains his party's commitment to reviewing pensions taxation, and the need for consolidation of schemes and of pots.
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OpinionPLSA: Regulator should provide protections on index switching
The Pension and Lifetime Savings Association’s defined benefit policy team recently took to the road to hear what members thought of the proposals outlined in the government’s green paper on ‘Security and sustainability in defined benefit schemes’ and our recent report on superfunds.