All Features articles – Page 37
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FeaturesKodak woes expose risk of overseas sponsors
Kodak’s filing for bankruptcy has left the UK scheme critically underfunded. Pippa Stephens looks at ways to minimise the risk of an overseas guarantor.
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GMPF drives annual member admin cost below £14
Local government schemes are using benchmarking and reduced paper trails to save administrative costs. Ian Smith looks at what the private sector can learn from the public sector.
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Printing scheme aims to cut member fees with AE
The Printing Industry Pension Scheme (PIPS) expects to multiply its employer membership through auto-enrolment. Ian Smith explores how it is planning to use the reform to control costs for members.
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FeaturesSchemes wary of leveraged infrastructure deals
Chancellor George Osborne used his Autumn Statement to announce a plan to “unlock” pension funding for infrastructure investment. But Owen Walker finds schemes cautious of the risks associated with such deals.
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Key challenges for 2012 actuarial valuations
More than 40% of schemes will undergo a triennial actuarial valuation this year. Owen Walker assesses their main obstacles – and how to overcome them.
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Using Nest to manage 2012 risk: five myths explained
Richard Bartlett, assistant director of the National Employment Savings Trust (Nest), explains how schemes and employers can use Nest as a complement to their existing arrangements for auto-enrolment.
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NHS trust saves £700k in early retirement ruling
Schemes may be able to save on benefits after a ruling in the Court of Appeal permitted the early dismissal of one NHS employee on the grounds of cost.
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MNOPF weighs up DC section to manage s75 risk
The navy officers' fund is considering launching a DC section to help its employers avoid triggering section 75 debts.
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Why 83% of Arup members make max contributions
Since setting up a contract-based DC scheme last year, Arup has seen 83% of its members make maximum contributions. Owen Walker discovershow.
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Achieving fixed price key to Arnold Laver buyout
Timber firm Arnold Laver secured a fixed price for its £45m buyout thanks to an enhanced transfer value (ETV) exercise and a long-term strategy of hedging risk.
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Survey: Schemes favour active management for fixed income
A surprising number of schemes are fans of an active management approach to fixed income. David Rowley quizzed schemes and trustees on why this is so.
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Adnams and Jacobs compensation cases highlight admin risk
Members of the Adnams and Jacobs Engineering schemes have been awarded compensation for administration errors. Pippa Stephens and Ian Smith analyse how monitoring third parties could help schemes manage this risk.
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FeaturesPennon: Separate DB/DC cash to reduce admin risk
As the regulator toughens its demands on hybrid scheme governance, Ian Smith analyses how schemes including Pennon are managing their administration risk through clear separation of defined benefit (DB) and defined contribution (DC) funds.
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FeaturesM&S prepares trigger to manage AE payroll risk
Marks & Spencer (M&S) is working on a payroll trigger for the 5,000 staff who will dip in and out of the auto-enrolment bracket. Ian Smith looks at how schemes are managing this regulation risk.
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FeaturesVauxhall and Fujitsu secure schemes against fraud
Pippa Stephens and Elli Koukoulli-Rowe analyse what schemes can do to manage their fraud risk, and how those including Vauxhall Motors and Fujitsu have responded to the Bribery Act.
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FeaturesAir Products: Don’t 'pussyfoot' on overseas covenant
Ian Smith explores how the Air Products plan and others have dealt with their overseas parent employer to avoid covenant risk, as experienced by Alitalia's UK scheme.
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Unipart fine underlines risk in death benefit allocation
Pippa Stephens and Brian Cantwell explore how schemes can manage the risk of poorly administering death benefits, and avoid the fine meted out to the Unipart Group Pension Scheme.
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Schemes manage rate risk with asset-backed securities
M&G’s Bernard Abrahamsen argues that the long-term interest rate hedge of asset-backed securities makes it worth forgetting their sub-prime history, in this week’s Investment Blueprint
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British Steel manages sponsor risk with cash and assets
The metal producer's pension scheme has shored up the risk of an indebted sponsor through a series of security and derisking agreements with its employer.
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FeaturesHow local authority schemes manage political risk
Following the loss of West Yorkshire Pension Fund’s chair at this month’s council elections, a number of local authority schemes outline what steps they take to ensure board continuity.