All Defined benefit articles – Page 18
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NewsBank of England: LDI strategies need 250bp collateral buffer
The Bank of England’s Financial Policy Committee announced on March 29 a recommendation to the Pensions Regulator that it specify “minimum levels of resilience” in relation to pension schemes’ liability-driven investments to avoid damaging feedback loops from being forced sellers of assets.
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NewsDB funding code is full of unintended consequences
The Pensions Regulator’s draft defined benefit funding code has received some praise, yet for many it falls short of providing both stronger governance and greater certainty for schemes and sponsors.
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NewsDelaying state pension age rise by 7 years will cost £60bn, says IFS
Delaying the planned increase in the state pension age by seven years to 2044-46 from 2037-39 is likely to cost the exchequer more than £60bn, according to the Institute for Fiscal Studies.
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NewsLCP toughens up its ESG policies
LCP has launched a responsible investment philosophy designed to focus industry attention on concrete action to address systemic risks posed by issues such as climate change and inequality.
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NewsUse dashboards delay to achieve ‘dramatic improvements’ in data
Pensions schemes that apply data matching techniques could see “dramatic improvements in the quality of their member data”, and should use the dashboards programme delay to get their data “dashboard ready”, according to new research sponsored by LCP.
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NewsMPs to examine future of DB pension schemes
The Work and Pensions Committee has launched an inquiry that will review defined benefit pension schemes and the challenges they pose to members, trustees, employers and the Pensions Regulator.
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NewsBudget 2023: LGPS must move faster on asset consolidation
The government is challenging Local Government Pension Scheme funds in England and Wales to move further and faster on consolidating assets, chancellor Jeremy Hunt announced in the spring Budget on March 15.
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OpinionThe great pensions dashboard reset
The pensions dashboards project is an ambitious attempt to enable savers to be able to find all of the schemes of which they are a member.
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NewsBudget 2023: Chancellor’s box of tricks makes LTA disappear
Chancellor Jeremy Hunt has faced calls in recent weeks to relax the rules on certain pension tax allowances to further his campaign to encourage older workers back into the workforce.
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NewsBeware the ideas of March – or perhaps embrace them
The Budget rumour mill has been grinding away and suggests that chancellor Jeremy Hunt is set to loosen the reins on a number of pension allowances.
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NewsAsset managers must up their game on engagement and diversity
Despite improvements in stewardship and governance in the asset management industry, research from ShareAction has shown there are considerable gaps in performance.
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OpinionAlmost two decades on: The evolution of the PPF
The story of how the Pension Protection Fund was established in 2005, and how we have evolved since has been covered by Pensions Expert over the best part of the past two decades. So now seems like an apt time to reflect on how our story began, how far we have come since, and to look to the future.
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NewsGulf of inequality: Little progress on women’s pensions gap
New data from HM Revenue & Customs, released on March 8, leaves little to celebrate on International Women’s Day, as it clearly shows that women are still earning considerably less than men at every stage of life.
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OpinionPlenty of work for schemes to do, despite dashboards delay
The latest data from the Pensions Regulator shows that there are 28,360 defined contribution schemes with £87.5bn worth of assets.
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NewsGovernment says 12.5mn people are under-saving for retirement
The Department for Work and Pensions has said that 12.5mn people are under-saving for retirement, prompting providers to call for further pension reforms.
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NewsLatest dashboards delay is catastrophic for consumers
The latest delay to the Pensions Dashboards Programme announced at the end of last week was met with many shows of good grace – and perhaps schadenfreude – from certain parts of the pensions industry.
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NewsPensions minister delays dashboards and resets plan
Pensions minister Laura Trott has delayed the implementation of the long-awaited pensions dashboards, causing consternation for pension advisers and consultants.
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NewsCost of living crisis is compounded by apathy in the workplace
The cost of living crisis has raised concerns among pension schemes that some members may choose to abandon their pensions in order to boost their take-home pay.
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NewsPensions admin: No longer the Cinderella function
Pensions administration is often considered a sleepy backwater for technical pensions nerds, but its time has come, and 2023 is going to be the year of the administrator.
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NewsTravel towards endgame has accelerated
The buoyant mood surrounding the pension scheme derisking market has received further evidence that confidence is based on fundamentals, not sentiment.