Volatility playing havoc with defined benefit funding ratios may speed the transition towards fiduciary management and consolidation of final salary schemes, according to governance specialists.
BoE’s return to QE adds to DB woes
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March 20, 2020
On the go: The Bank of England has cut its base rate to a historic low of 0.1 per cent, while announcing plans to increase its balance sheet of bonds by £200bn.
Global Pensions Wrap: March edition
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March 17, 2020
From Republican attacks on CalPERS CIO’s ‘cozy’ relationship with China to Sirius investors’ fears over Anglo American takeover. Read our round-up of pensions and finance news from the FT’s global outlets.
Trustee boards display unacceptable lack of diversity
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March 16, 2020
On the go: The Pensions and Lifetime Savings Association has published a guide to improving diversity and inclusion in pensions, amid enduring concerns over groupthink and prejudice in the trust-based system.
TCFD reporting confirmed as climate guidance takes shape
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March 12, 2020
Trustees should stress-test their portfolios against a range of climate change scenarios, according to provisional guidance launched on Thursday, as pensions minister Guy Opperman warned of consequences for those in dereliction of their duties.
Minister wide of the mark on self-employed
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March 12, 2020
Instant analysis: Guy Opperman's insistence that the financial services sector should take responsibility for improving the retirement planning of the self-employed sees the problem put into the 'too difficult' category, and leaves entrepreneurs who do want to save exposed to poor value for money.
Opperman to legislate for DC consolidation
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March 12, 2020
On the go: The minister for pensions and financial inclusion has unveiled plans to force the consolidation of subscale defined contribution arrangements.
LGPS pool chair: Fragmented system cannot continue
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March 11, 2020
On the go: The UK's private sector pension schemes will be forced to consolidate in the same way as the Local Government Pension Scheme, according to the chair of the Brunel Pension Partnership.
BoE adds to DB woes as stimulus struggles to ease covenant strain
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March 11, 2020
On the go: The Bank of England's decision to slash its base interest rate to 0.25 from per cent 0.75 per cent will swell defined benefit liabilities, according to experts, who doubt the ability of monetary policy to ease covenant concerns but say Budget measures may offer some help.
USS likely to breach deficit trigger
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March 11, 2020
The University Superannuation Scheme could breach funding triggers relating to the size of its deficit, as coronavirus continues to cause turmoil in markets.