If there is any positive to be taken from the downfall of ‘star’ fund manager Neil Woodford, the source of much chatter in the investment world this month, it is that it reminds us of the value of workplace institutions and the collective saving systems we enjoy in the UK, says editor Angus Peters.
DB deficit grows during May
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June 11, 2019
On the go: UK defined benefit funding levels dropped by four percentage points on aggregate at the end of May, according to the latest update from the Pension Protection Fund.
ACA voices support for pensions/housing hybrids
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June 10, 2019
On the go: The Association of Consulting Actuaries has thrown its weight behind flexibilities to allow pension savers to divert pots towards housing purchase, after housing secretary James Brokenshire’s controversial proposal last week.
Global Pension Wrap: June 8 edition
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June 8, 2019
A round-up of the pensions and investment news stories developing around the world this week, from trouble brewing in the Netherlands' pensions paradise to an investment row going all the way to the US Supreme Court.
Wesbroom: Actuaries must now stand up to public scrutiny
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June 7, 2019
As Aon senior partner Kevin Wesbroom moves on after 44 years at the company, he shares his thoughts on the mistakes the actuarial profession has made and how to restore flexibility to the pensions arena.
ECJ ruling could force PPF to provide buyout uplift
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June 4, 2019
On the go: An opinion given to the European Court of Justice by its advocate general could mean that defined benefit lifeboats like the Pension Protection Fund have to cover the entire value of members’ benefits when their sponsor becomes insolvent.
Plumbers’ scheme set to close to future accrual
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May 24, 2019
On the go: The multi-employer defined benefit scheme for the plumbing industry will close to future accrual from June 30, despite an apparently healthy funding level.
Marks & Spencer adds £1.4bn in new buy-ins
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May 23, 2019
On the go: Marks & Spencer's UK defined benefit scheme has entered a £1.4bn buy-in with the Pension Insurance Corporation and Phoenix Life, bringing its total insured portfolio up to two thirds of its pensioner population.
Nest seeks new third party administrator
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May 14, 2019
On the go: Master trust Nest has invited bids to take over the administration of its 8m-member scheme from 2023, as regulations force the scheme to re-tender at the end of its current contract.
Ministers mulling 50/50 solution for NHS scheme
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May 13, 2019
On the go: The chancellor and health secretary are reportedly considering introducing greater flexibility to the NHS pension scheme, in a bid to stave off a wave of early retirements without changing tax rules.