All Features articles – Page 21
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FeaturesStrathclyde earmarks £750m for MAC and private debt
The Strathclyde Pension Fund has made large allocations to both private debt and multi-asset credit as it looks to take advantage of the growth in non-bank intermediaries.
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Features
How do you monitor fiduciary management performance?
Given the individualised needs of different schemes, how can you monitor fiduciary management performance? And is there any point in ranking them? Six experts give their views.
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FeaturesComet scheme enters alternatives space
In a bid to improve diversification and returns, the Comet Pension Scheme has added alternatives to its portfolio, as rising deficits and the current economic environment prompt many pension funds to hunt for yield.
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FeaturesStagecoach tightens governance reins with scheme merger
Stagecoach Group has merged one of its smaller pension plans with its £1.3bn defined benefit scheme, but the company has maintained a separate section for the smaller fund, keeping liabilities separate while potentially sharing some costs.
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Features
DWP silence on GMPs blocks Smiths implementation
Two UK defined benefit schemes operated by technology company Smiths Group have said they will implement guaranteed minimum pension equalisation but need further clarification from the Department for Work and Pensions to do so.
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FeaturesDHL transition exercise delivers savings for members
Postal and logistics company DHL has saved £2.3m for members of its UK defined contribution pension fund by trading investments between members at no cost following an investment transition.
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Retirees avoid overspending yet more become insolvent
Analysis: New figures suggest defined contribution savers reaching retirement might be overspending and increasing their risk of poverty in later years, but experts warn this could be a false alarm.
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FeaturesRBS scheme diversifies with US life settlements
The RBS Pension Scheme has made a number of new investments as part of its long-term plan to diversify its portfolio.
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Employers congregate to solve Baptist scheme deficit
The Baptist Union of Great Britain has established an employer group to develop a strategy for plugging the scheme’s increased deficit.
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PPF deficit figures presage hard times for funding and dividends
Analysis: Following the Pension Protection Fund’s news of yet another record deficit in defined benefit pensions, many schemes can expect to gear up for challenging funding negotiations, amid growing fears for company dividends.
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FeaturesShell becomes latest scheme to push electronic comms
The Shell Contributory Pension Fund has begun requesting email addresses from members as it takes the first step towards electronic communication, the latest in a long line of schemes to do so.
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FeaturesRoyal Mail diversifies alternatives ahead of planned scheme closure
The Royal Mail Pension Plan has diversified the alternatives investments in its portfolio, adding new private debt and infrastructure funds, while almost eliminating its exposure to equities in one of its sections.
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FeaturesInvensys swaps linkers for nominal in hunt for cash flow
The Invensys Pension Scheme has extended its commitment to fixed rate gilts, as low portfolio risk and a strong covenant allowed the £4.9bn scheme to weather worsening conditions in the broader UK industry.
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FeaturesNilgosc turns to low vol equities
The Northern Ireland Local Government Officers’ Superannuation Committee has made a £300m allocation to low volatility global equities in an effort to reduce overall risk while closing its funding gap.
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FeaturesCAF exits multi-employer scheme to set up own fund
The Charities Aid Foundation has withdrawn from a multi-employer defined benefit pension plan and established a new DB scheme, removing its exposure to other employers’ pension liabilities.
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FeaturesPirelli announces £600m longevity swaps as deal flow set to accelerate
Italian tyre manufacturer Pirelli’s two main UK pension schemes have agreed longevity swaps covering £600m of pensioner liabilities, as researchers have suggested market volatility and insurer competition mean schemes could see attractive prices emerge on risk settlement products.
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Features
Phoenix Group opts for second helping of Pie
Phoenix Group’s PGL Pension Scheme has completed a pension increase exchange exercise, but despite only wiping £3m off liabilities, the company says the exercise met pre-implementation expectations.
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Features
Desire for better data sparks mortality study for Star Group
Star Group has decided to conduct a medically underwritten mortality study for its defined benefit scheme, as it works on tackling an increased deficit while reducing investment risk.
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FeaturesVodafone scheme diversifies with alternatives additions
Vodafone has made a foray into a number of new asset classes, including alternative beta, alternative credit and private market investments, for greater diversification.
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Salvation Army derisks as charities struggle with pension deficits
The Salvation Army has recently reduced risk in its UK defined benefit multi-employer scheme, having made efforts to tackle its pension deficit, but pension obligations are proving increasingly problematic for many charities.