All Features articles – Page 41
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FeaturesHeineken targets quicker changes with contract scheme
The beverages business has revealed it chose a contract-based rather than a trust-based defined contribution scheme to speed up its investment governance.
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Rexam changes rules to reduce member tax cost
The packaging company’s £1.8bn DB plan has allowed members to control their tax costs by reducing their pensionable pay
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Civil service payout shows need for comms care
The Principle Civil Service Pension Scheme was forced to pay one former Pension Protection Fund worker compensation following incorrect information in the scheme's booklet, the Pensions Ombudsman has ruled.
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Plans risk member backlash over complex DC fees
Schemes have been called on by communication experts to consider the “personal impact” on their members of more complex defined contribution (DC) fee structures.
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Star Group invests third of assets in diversified beta to reduce risk
The £213m scheme has placed a third of its total assets in a single fund to reduce volatility while running a relatively high risk of overconcentration in one manager
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PPF assessment period leads to better data
Comment: Schemes that act as if they are in the PPF assessment period can improve their data management, potentially saving administration costs, argues Marian Elliott of Spence and Partners
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Schemes warned of pitfalls in approaching buyout
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.
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FeaturesFollow Australia for higher infrastructure allocations
Comment: UK pension schemes need to follow their antipodean counterparts, with higher infrastructure allocations justified by the asset’s stable, long-term revenues, argues AMP Capital’s Richard Shields.
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FeaturesBA targets better comms after RPI-CPI troubles
The £6.4bn Airways Pension Scheme is dealing with a mass member backlash after infrequent communications left workers confused about the switch to the consumer price index.
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Invensys adds DC fixed-interest gilt fund to improve choice
The Invensys Pension Scheme has changed its defined contribution section to include a fixed-interest gilt fund after reviewing other schemes' investment offerings.
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FeaturesScottish & Newcastle diversifies with 5% in EMD
The Scottish & Newcastle Pension Plan will allocate 5 per cent of its assets to emerging market debt in a bid to diversify its growth portfolio.
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Greater Manchester prepares for 25% fall in membership
Greater Manchester Pension Fund has set up a working group to draw up an investment strategy in expectation of a much-reduced membership.
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One in four employers to mitigate 2012 costs
Ian Smith looks at new data revealing how defined contribution (DC) schemes and employers are planning to control the cost of auto-enrolment.
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Modelling inflation is key to tackling volatility
Schemes need to understand exactly how their funding positions are impacted by various inflation scenarios, argues PensionsFirst’s Matthew Furniss.
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How to squeeze value out of your passive mandates
Schemes are being encouraged to seek alternatives to cap-weighted indices in their passive investment mandates in order to achieve higher returns.
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How to save money on your PPF levy
TLT head of pensions Sasha Butterworth explores how schemes can use contingent assets to save money on their risk-based levy.
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Improve scrutiny of FX investments, schemes urged
With professional trustees predicting increased exposure to currency, schemes have been called to pursue transparency and audit data in their trades to protect their investments.
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Schemes urged to review PPF and FAS protection
Incoming legislation will mean more schemes will qualify for protection through the Financial Assistance Scheme (FAS), but all need to review what legislative protection they are entitled.
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Scheme perspective: Engaging younger members
Tailored, online communication and flexible saving options will engage younger members, according to scheme managers.
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How to encourage greater uptake of the OMO
Schemes have been urged to provide more detailed information on annuity options to ensure retiring members get the most from their defined contribution (DC) savings.