All Defined benefit articles – Page 160

  • Opinion

    How do trustees choose the 'right' consultant?

    2017-06-20T00:00:00Z

    The Financial Conduct Authority’s final report on the asset management market revealed that the investment consulting sector has not escaped the watchdog’s scrutiny, but pinning down criteria for a good consultant is not easy.

  • Opinion

    How are DB schemes allocating to DGFs?

    2017-06-19T00:00:00Z

    How are defined benefit pension schemes using diversified growth funds in their portfolios, and how can trustees choose between the various strategies on offer? Naomi L’Estrange from 2020 Trustees, Shuntao Li from Barnett Waddingham, Neil McPherson from Capital Cranfield, Murray Taylor from JLT Employee Benefits, and Percival Station from Pictet Asset Management discuss how pension funds are approaching DGFs.

  • Features

    Pearson moves away from hedge funds into DGFs

    2017-06-15T00:00:00Z

    The pension plan of publishing giant Pearson Group has scrapped its hedge fund exposure and invested in diversified growth funds, in a bid to control investment risk and costs as the scheme nears self-sufficiency.

  • Getty Images
    News

    TfL adds online self-service in admin refresh

    2017-06-14T00:00:00Z

    The Transport for London pension fund is introducing a new administration system that will give members a self-service option, something experts say can help reduce costs in the long term.

  • News

    Employers urged to actively manage covenant

    2017-06-13T00:00:00Z

    Employers and schemes must take a more active approach to managing their pension liabilities to improve covenant strength, experts say.

  • Features

    Addressing career flexibility could help tackle gender pensions gap

    2017-06-12T00:00:00Z

    The gender pay gap is a multi-faceted problem that needs a multi-pronged approach, experts say — from financial education to adapting the pensions system to assist flexible working. 

  • Features

    Imperial Tobacco fund sharpens returns focus

    2017-06-09T00:00:00Z

    The Imperial Tobacco Pension Fund has cut its exposure to shares and corporate bonds in favour of alternative asset classes, with a view to increasing the scheme’s sources of return and reducing reliance on equities.

  • News

    FCA cracks down on transfer advice

    2017-06-07T00:00:00Z

    Pension consultants have welcomed the Financial Conduct Authority’s adoption of a tough stance on companies advising on defined benefit transfers, calling it a “price worth paying” for member security in retirement.

  • News

    Increased use of RAAs is 'inevitable', experts say

    2017-06-05T00:00:00Z

    The Pensions Regulator has agreed a regulated apportionment arrangement with Hoover, as experts say the number of RAAs, as well as the amount of due diligence involved, is likely to increase. 

  • Features

    Mums know best: Hogg Robinson mortality study slashes liabilities

    2017-06-02T00:00:00Z

    B2B services provider Hogg Robinson Group has undertaken a medically underwritten mortality study of its UK pension scheme members, shaving £68.4m off its liabilities.

  • Getty Images
    News

    Willetts: Narrow green paper fails on intergenerational equality

    2017-06-01T00:00:00Z

    Conservative peer Lord Willetts has spoken out against the scope of the Government’s green paper consultation on defined benefit pensions, criticising its lack of regard for intergenerational fairness.

  • Features

    IMI derisks with buy-in and Pie

    2017-05-31T00:00:00Z

    Specialist engineering company IMI has completed a pension increase exchange exercise and a buy-in, as trustees become more comfortable with liability management measures. 

  • Opinion

    How to decide which DGFs are worth investing in

    2017-05-30T00:00:00Z

    How do schemes choose the correct DGF or the right DGF manager? Adam Porter of Hymans Robertson takes us through the selection process.

  • News

    Governance overhaul required to solve DB woes

    2017-05-30T00:00:00Z

    An overhaul of trust-based pension schemes to separate trustee ‘directors’ from professional managers could have prevented a crisis in defined benefit pensions, a new report has claimed.

  • News

    No end to liability build-up for charity schemes

    2017-05-26T00:00:00Z

    Some of the worst-funded not-for-profit scheme sponsors are unable to cease future accrual or limit future membership as defined benefit affordability continues to pose a threat to the sector.

  • Bloomberg
    Features

    HP sets up trustee company in simplification push

    2017-05-25T00:00:00Z

    The Hewlett Packard Limited Retirement Benefits Plan has changed the structure of its trustee board to a trustee company, in a move to simplify processes while increasing scrutiny of trustee actions. 

  • News

    Wincanton runs ETV to drive liabilities down

    2017-05-23T00:00:00Z

    The Wincanton Pension Scheme has embarked on an enhanced transfer value exercise in an attempt to further cap its obligations, after trivial commutations wiped £3.8m from its liabilities.

  • Murray Wright
    Opinion

    How can we improve longevity tools?

    2017-05-22T00:00:00Z

    Murray Wright from JLT Employee Benefits explains what small schemes can do when trying to estimate how long their members live.

  • Getty Images
    News

    BA judgment shows value of diligent minute-taking

    2017-05-22T00:00:00Z

    British Airways has lost a legal battle against the Airways Pension Scheme involving the trustees' decision to introduce a 0.2 per cent discretionary increase, as experts have stressed the importance of carefully documenting all decision-making processes.

  • Getty Images
    Features

    Manchester University upgrades investment strategy

    2017-05-18T00:00:00Z

    Trustees of the Manchester University Superannuation Scheme have adopted a new liability-driven investment strategy, while dropping a UK equity mandate in favour of global equities.