All Endgame articles – Page 3

  • News

    ‘Challenging’ 2020 forces 80% of DB schemes to reassess portfolios

    2021-01-21T00:00:00Z

    On the go: Eighty per cent of defined benefit pension schemes plan to reassess their investment portfolios after the events of 2020 put returns in doubt, according to research by the Pensions Management Institute and River and Mercantile.

  • News

    How schemes can navigate the post-Covid recovery

    2021-01-21T00:00:00Z

    Defined benefit schemes should use the post-Covid recovery to conduct a thorough postmortem of the effects of 2020’s events on their portfolios and strategies, according to Barnett Waddingham.

  • Podcasts

    Podcast: New powers in Pension Schemes Act could cause bankruptcies

    2021-01-20T00:00:00Z

    Podcast: New criminal provisions in the Pension Schemes Act are so broadly drafted that they could strangle legitimate business activity, potentially resulting in unnecessary bankruptcies. So says Arc Pensions Law partner Jane Kola, who, along with Society of Pension Professionals president James Riley, warn about the potentially dire consequences and call for more clarity from the regulator. More cheerfully, this inauguration day episode also covers the future of actuaries, small pots, and Donald Trump’s pension.

  • News

    Calls for actuaries to offer strategic advice as schemes target endgame

    2021-01-07T00:00:00Z

    An industry group is proposing a radical change in the actuarial role, suggesting these professionals should step away from a technical specialist position to offer strategic advice, while moving away from triennial valuations.

  • News

    DB schemes should beware lockdown ‘inertia’

    2020-08-05T00:00:00Z

    On the go: Three in four defined benefit schemes say they have taken no material action to change their investment strategies or journey plans as a result of Covid-19, but a new report from LCP warns that “inertia” could prove damaging.

  • News

    Trustees need more pay and diversity, survey finds

    2020-07-27T00:00:00Z

    On the go: Remuneration levels for trustees and chairs are not sufficient to attract skilled applicants to the roles, while fears are growing that too few trustees are entering the profession, according to a new report by Winmark and Barnett Waddingham.

  • News

    Covid-19 could lead to 75% hike in deficit repair contributions

    2020-07-09T00:00:00Z

    Deficit repair contributions may need to increase by 75 per cent if defined benefit schemes are to meet their recovery plan end dates, according to analysis published by the Pensions Regulator.

  • News

    Formal superfunds authorisation could take 5 years

    2020-07-03T00:00:00Z

    The Pensions Regulator anticipates that it could take five years for the government to put in place a statutory authorisation framework to oversee defined benefit superfunds, as it looks ahead to publishing specific guidance for trustees considering a transfer to the new vehicles.

  • News

    BoE governor reignites row between superfunds, insurers and regulators

    2020-06-24T00:00:00Z

    In an intervention which laid bare a deep divide both in the industry and between regulators, Bank of England governor Andrew Bailey has reignited a long-running feud between traditional insurers and advocates of new superfund models, while casting doubt on the Pensions Regulator’s ability to oversee consolidators.

  • News

    Regulator to issue rules for consolidators ‘in the coming weeks’

    2020-06-09T00:00:00Z

    The Pensions Regulator is shortly to issue interim regulation covering commercial consolidators, Pensions Expert can reveal.

  • Podcasts

    Podcast: 'Crystal ball-gazing' makes ethical investment tough for trustees

    2020-06-05T00:00:00Z

    Trustees aiming to make ethical investment decisions can find it tough to justify them without recourse to a crystal ball, as the legal requirements are ill-defined, says Irwin Mitchell’s pensions partner Penny Cogher. In this episode she’s joined by independent consultant and long-time pensions expert Malcolm McLean for a discussion covering capital-backed endgame deals, the complications of new insolvency laws, and some morally dubious LGPS investments.

  • News

    AIB scheme pioneers alternative derisking solution

    2020-02-13T00:00:00Z

    The AIB Group UK Pension Scheme has entered into a £250m insurance contract to hedge the investment risk associated with a portion of its liabilities, becoming the first defined benefit plan to undertake an alternative derisking solution.

  • News

    DB schemes move to formal long-term planning as regulation bites

    2019-12-10T00:00:00Z

    On the go: Defined benefit pension funds are increasingly focusing on a long-term, formalised endgame or funding target, according to research by PwC.

  • Features

    Why stalling on buyout could cost members

    2012-12-21T00:00:00Z

    Schemes looking to derisk are facing fewer barriers and better value for their members, but they need to move fast, argues Long Acre Life’s David Norgrove.

  • Features

    Schemes warned of pitfalls in approaching buyout

    2012-12-20T00:00:00Z

    Schemes looking to take advantage of the current attractive pricing in the derisking market are advised to improve their governance structure to get the best deal.