Latest articles from Angus Peters

TPR will not seek to punish trustees over tough pandemic decisions

Regulatory executive David Fairs has reassured defined benefit trustees that they will not be pursued over decisions they make in response to employers struggling in the wake of Covid-19.

Covid-19: Will Sunak’s latest stimulus aid DB sponsors?

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Market moves: Chancellor Rishi Sunak is reportedly considering measures to help the “squeezed middle” of UK corporates, while US president Donald Trump’s tweets set off a spike in oil prices.

Covid-19: Volatility returns to markets after UK banks scrap dividends

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While UK banks suspended dividend payments amid pressure from the regulator, European markets returned to volatile conditions. Meanwhile, FTSE 350 companies’ defined benefit schemes reached an accounting surplus.

Opportunity knocks, but can active managers actually capitalise?

Data crunch: Analysis suggests that under current conditions stock pickers could theoretically achieve healthy outperformance of their benchmarks. But with the consequences of getting it wrong equally elevated, can they actually select the winners, and can schemes pick the right managers?

USS sticks with March valuation despite battered funding level

Market volatility has seen the Universities Superannuation Scheme’s asset portfolio shed more than 13 per cent of its value and its deficit pass £11bn in recent days, triggering concerns, but as yet no action, from trustees.

Covid-19: Actuaries to rescue as private markets to be tested

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Analysis of private debt markets suggests that with certain sectors of borrowers struggling with cash flows, lenders will have to be flexible and rely on well-written covenants. Meanwhile, actuaries are looking to help fight the global pandemic.

WPP shifts further £250m with PIC buy-in

News On the Go

On the go: Advertising giant WPP has entered a £250m buy-in contract with the Pension Insurance Corporation, adding to a £140m transaction already completed with the same insurer in 2018.

Covid-19: PASA steps in with admin guidance, while gloom gathers in auto ABS

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The Pensions Administration Standards Association has urged providers to prioritise the payment of pensions as it struggles with the challenges of working remotely, while the Covid-19 pandemic could affect the automotive industry and financial instruments backing lease deals. Elsewhere in our round-up of daily market moves and pensions updates, one asset manager says schemes should be wary of inferring a bounceback from calming stock markets.

TPR paves way for three-month DB contribution holiday

Coronavirus mask (teaser)

The Pensions Regulator has launched new guidance aimed at helping employers freeze their defined benefit obligations for three months in response to the economic fallout from coronavirus.

Covid-19: Rally continues as BoE sounds gloomy note

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The Bank of England's prediction of a deep recession, and grim news in the US labour market, looked to have cooled the bounce-back in equity markets before a late surge, while new analysis suggests further pain for credit markets if the pandemic worsens, and actuaries call on the Pensions Regulator to do more. Read our round-up of pensions and finance news about the coronavirus outbreak.