Latest articles from Angus Peters

Webb: New face at DWP will not loosen Treasury's grip on pensions tax

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Philip Hammond’s appointment as chancellor of the exchequer is unlikely to see the Department for Work and Pensions regain control of pensions reform, according to former pensions minister Steve Webb.

LPP pools £1.2bn of property amid investor fears over asset class

The Local Pensions Partnership has created a £1.2bn property pool between the London Pensions Fund Authority and Lancashire County Pension Fund as experts have urged schemes not to panic over the recent gating of UK retail property funds.

Final date set for Box Clever trustee and ITV showdown

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Trustees of the Box Clever Pension Scheme and ITV were back in court last week, in the latest round of a four-year legal battle to force the broadcasting giant to help make good the fund’s £90m deficit.

DWP calls for evidence on Nest decumulation services

The Department for Work and Pensions has called for evidence on a proposal to allow Nest to provide decumulation services for its members, and to let it offer services to individuals, employers and other schemes.

DB taskforce encourages credit innovation to tackle deficits

Finding solutions to the defined benefit funding crisis will require the pensions industry to “challenge conventional thinking”, the chair of the Pensions and Lifetime Savings Association’s new DB taskforce has said.

Finalised IORP II may not make it to UK after Brexit vote

A provisional final text of the EU’s revised Institutions for Occupational Retirement Provision directive was published last week, as the UK’s presumed exit from the bloc cast doubt over its implementation.

Lord Willetts: More progress is needed for adequate DC provision

Pension providers must build on the success of auto-enrolment and embrace technological solutions if they want to tackle declining rates of saving among the ‘DC generation’, Lord Willetts said at a conference this week.

Experts eye hedging and CPI as UK DB deficit up £170bn in weeks

UK defined benefit pension deficits grew by £170bn over six weeks in the run-up to the EU referendum, jumping to £900bn as market volatility following the result put further strain on funding positions.

Carclo deficit highlights pitfalls of equity exposure

Technical plastics manufacturer Carclo is adding liability-driven investment mandates and continued support for diversified growth funds to its defined benefit scheme portfolio, after poor equity market performance saw its deficit almost double.

LDI crucial part of portfolio despite low yields, experts say

Schemes must not leave themselves vulnerable to interest rate risk by ignoring seemingly expensive liability-driven investment strategies, according to panellists at a Pensions Expert event on LDI held last week.