All Defined benefit articles – Page 156
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Features
How valuable are transition managers?
Analysis: Last week, State Street agreed to pay approximately $35m (£26m) to settle a pair of complaints by the Securities and Exchange Commission that it defrauded six institutional investors while conducting transition management services.*
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Features
What can pension schemes learn from insurers?
Analysis: Prudent liability management features among the priorities of pension funds and insurers alike. Experts have previously called upon investors to think more like insurers, but differences in objectives, regulatory requirements and scale mean that total strategic convergence between schemes and insurers is unlikely.
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FeaturesNilgosc outvotes social infrastructure sceptics
The Northern Ireland Local Government Superannuation Committee has voted for social infrastructure as a suitable investment type, despite concerns among some committee members about political risk and the impact on public services.
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Features
Schemes regain faith in fid man evaluators
Trustees have shown more inclination towards using third-party evaluators as part of the fiduciary management selection process, a new report has shown. Mid-sized schemes continue to flock towards fiduciary management.
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Features
How to make sure a scheme merger runs smoothly
Analysis: A desire to cut costs and harmonise pension provision often drives companies with multiple defined benefit pension funds to consolidate their schemes, but experts say there are a number of factors trustees and employers should bear in mind to ensure a smooth merger.
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FeaturesBrexit will have little impact on admin, experts say
In pension terms, Brexit is widely expected to affect sponsor covenant and potentially regulation, but will it change how schemes pay pensioners who live in the EU?
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News
PLSA urges schemes to focus on ‘inputs’
A new report on pension scheme governance calls for greater focus on improving the quality of structures and personnel, or ‘inputs’, and argues that processes have received excessive attention.
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Opinion
What is the pensions conference good for?
Any Other Business: Trustees, consultants and asset managers flock to stuffy conference halls across the country to deliver speeches, spill pints and engage in lively debate over the issues of our time, but what is it the pensions conference really brings its participants?
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Opinion
How do you pick a good pensions manager?
Any Other Business: From supervising providers and monitoring scheme performance to managing key relationships, the modern day pensions manager is now the ultimate multitasker. So how easy is it to find the perfect candidate?
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Opinion
Asset manager mergers: How they affect pension schemes
Analysis: The recent uptick in mergers and acquisitions activity in the asset management industry has sparked debate among experts over potential ramifications for schemes. Fees, innovation and relationships with managers could all be affected.
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NewsBAA switches manager as LDI competition grows
The BAA Pension Scheme is implementing a full interest rate hedge, and has in a first step replaced its liability-driven investment manager to improve “efficiency”.
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News
Report calls for legal right to partial DB transfer
Members of defined benefit pension schemes should have the legal right to partially transfer their pension rights, a new report has said. It also recommended enhanced disclosure and broader consideration of client profiles.
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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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NewsTPR prosecutes former BHS owner Dominic Chappell
The Pensions Regulator has said it is prosecuting businessman Dominic Chappell, whose company Retail Acquisitions owned high street chain BHS when it became insolvent, leaving behind an underfunded pension scheme.
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OpinionThe corporate view: Final salary, Care or DC?
The demise of the final salary pension scheme has been well documented in the press. Most employers have put in place a defined contribution scheme to comply with their duty to automatically enrol employees, but does that really reflect the corporate attitude to pensions?
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OpinionBSPS sets useful example for DB endgame
Making predictions concerning the future of defined benefit pension provision in the UK would be a task for the over-confident or a fool.
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NewsJ&J finds remedy for MNT recruiting ailment
Johnson & Johnson’s wide-ranging communications campaign encouraging scheme members to stand as trustee candidates shows it is possible to find “good quality” member-nominated trustees.
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OpinionA pensions system to support everyone
Having spent nearly three months as the minister for pensions and financial inclusion, I have been struck by how much we have recently achieved to help the public to think more smartly about retirement, but also the challenges we must face in improving our pensions saving system.
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NewstPR greenlights British Steel RAA
The Pensions Regulator has granted initial approval for the restructuring of the British Steel Pension Scheme, which will see members offered revised benefits at a level above those provided by the Pension Protection Fund.
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FeaturesSSE wipes off £1.2bn of longevity risk
FTSE 100 energy company SSE has completed £1.2bn of longevity risk hedging for two of its defined benefit pension schemes, comprised of two buy-ins and longevity swaps with separate insurers.