All Consolidation articles – Page 16
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FeaturesMNOPF steers towards buy-in and DC merger
As derisking plans accelerate and sponsors seek to reduce the volatility of defined benefit scheme deficits, buy-ins are becoming increasingly attractive.
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News
New regime could reduce number of mastertrusts by a third
The government has set out draft regulations for defined contribution mastertrusts, estimating that the rules will cut the number of mastertrusts to about 56 from currently 87.
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NewsFirstGroup breaks new ground by merging funds within LGPS
Transport operator FirstGroup has become the first major private sector employer to consolidate its pension funds within the Local Government Pension Scheme, as experts agree that similar mergers could be on the horizon.
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OpinionMaster trust consolidation – at what cost?
Regulators should be wary of an overzealous insistence on consolidation to a specific number of mastertrusts, and must focus instead of clearly defined standards of governance, writes Colin Richardson from professional trustee company PTL.
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News
DWP draft regulations to open up DC consolidation
The Department for Work and Pensions has attempted to smooth the path towards consolidation of defined contribution arrangements with draft regulations published on Thursday.
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OpinionIs the CDC era about to begin?
The Pensions Management Institute’s Tim Middleton says positive experience in the Netherlands and a change in the political landscape are paving the way for the adoption of collective defined contribution in the UK.
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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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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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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
Chris Parrott of the Pensions Management Institute and Heathrow Airport Holdings says concerns remain over the appointment and monitoring of fiduciary management, and examines the impact of potential policy changes on the sector.
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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
Avida International’s Bart Heenk explains why consultants should embrace scheme consolidation, and how they can prepare for change.
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OpinionWhat are the obstacles to DB consolidation?
State Street’s Andy Todd examines why consolidation of defined benefit schemes has not taken off in the private sector, and argues that cost should not be the only motivation for asset pooling.
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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.