Latest articles from Angus Peters

Share prices hit by DB deficits could spur fresh derisking drive

Defined benefit pension deficits are dragging down the market capitalisations of FTSE 100 companies, according to a recent study, as investors recognise the difference between disclosed deficits and the cost of securing benefits upon insolvency.

Rising gilt yields: Inflationary worry or time to buy?

Recent weeks have seen 10-year gilt yields reach 1.16 per cent, their highest level in four months, in a sign inflation is creeping up in the UK economy.

NESPF adds DGFs and PE after global equities disappointment

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The North East Scotland Pension Fund has taken further steps to diversify its growth portfolio, divesting from underperforming global equities and allocating to a range of private equity houses and diversified growth funds.

Schemes are unprepared for data hacking threat

PLSA Annual Conference 2016: Schemes must look past the immediate threat of pension liberation scams and stress test their systems against other types of fraud, including cyber crime, according to a panel of experts.

Pensions bill boosts mastertrust governance

Mastertrusts will be subject to new restrictions on governance and financial stability, along with penalties for failure to supply adequate information, under rules set out in the pension schemes bill yesterday.

Nortel scheme could avoid PPF after creditor agreement

Bloomberg

The trustees of the Nortel UK pension scheme edged closer to repairing its deficit last week as they reached a consensus with other stakeholders and creditors on how to divide their insolvent sponsor’s residual assets.

Kingfisher ups hedging level as scheme slips into surplus

Bloomberg

Screwfix and B&Q owner Kingfisher’s defined benefit fund has extended its programme of hedging interest and inflation risk, allowing the scheme to maintain its strong funding level amid a low-yield environment.

Court of Appeal safeguards bankrupts’ undrawn pensions

Savers who become bankrupt but have not yet drawn their pensions will not have to hand them to creditors, after a court ruling on Friday put an end to fears that pension pots were at risk.

One-stop guidance shop to replace MAS, TPAS and Pension Wise

Financial guidance resources the Money Advice Service, The Pensions Advisory Service and Pension Wise will be replaced by a single body, the Treasury and the Department for Work and Pensions said yesterday.

DWP silence on GMPs blocks Smiths implementation

Two UK defined benefit schemes operated by technology company Smiths Group have said they will implement guaranteed minimum pension equalisation but need further clarification from the Department for Work and Pensions to do so.