Pension funds should do more to incorporate environmental, social and governance considerations into their investment decisions, a report by the House of Commons’ International Development Committee last week suggested.
Unilever launches guidance tool, but fear of giving advice still stops many
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June 8, 2016
The Unilever Pension Fund has introduced an online initiative using example members to help savers plan their benefits, ahead of a clarification on the distinction between advice and guidance from the Financial Conduct Authority, HM Treasury and the Pensions Regulator.
Government warned against 'knee-jerk' reactions on DB funding after BHS
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June 6, 2016
From the blog: The failure to rescue high street giant BHS could have widespread impact on the pensions industry, with experts warning the entry of its two DB schemes into the Pension Protection Fund will not be automatic.
Administrators Duff and Phelps last week announced the closure of 163 BHS stores and 11,000 job losses after several unsatisfactory buyout offers.
They said the working capital required to secure the company’s future proved prohibitive to a successful acquisition.
Deluge of information stifles retirement choices
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June 6, 2016
An excess of information on the pension freedoms risks poor outcomes for “procrastinating” defined contribution savers, experts have warned, meaning the industry must improve member communication and engagement.
Yes or No: schemes brace for Scottish independence vote
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August 26, 2014
Pension scheme managers and industry experts are focusing on tax and cross-border funding requirements as challenges that could arise out of next month’s Scottish independence vote, regardless of the outcome.
IASB proposal could hit sponsor-scheme funding strategies
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August 15, 2014
A proposed change to pensions accounting guidance around surpluses could lead to trustees having to renegotiate their financing arrangements with employers and shifting towards non-cash vehicles.
PPI: Small employers may seek pay cuts to make up auto-enrolment cost
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July 23, 2014
A report released last week found smaller employers may consider decreasing basic pay to implement auto-enrolment, while experts said implementing the reform will lead to a focus on benefit structure.
One in four executives taking cash in lieu of pensions
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July 21, 2014
The number of FTSE 250 executives taking taxable cash supplements instead of pensions has risen, according to a survey, as the way high-earners receive benefits has changed in light of lower lifetime and annual allowance limits.
The Weekly Wrap: July 18 edition
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July 18, 2014
A round-up of pensions and investment stories published across the FT Group – from schemes pouring money into alternative assets, to Philadelphia's attempts to shore up its underfunded pension plan.
Plus the week in numbers:
- Institutional investors have invested £596.5bn in direct property
- Assets managed by the 100 biggest alternative fund groups rose by 6%
- Almost 15m people could be actively saving in private sector pension schemes by 2030
Most read on pensions-expert.com
- Webb: Pension reform far from over
- Could IORP II be the end of the road for lay trustees?
- Local government schemes reject forced passive CIV proposals
- Conflict is good: What your trustee board could learn from Amazon
- Are iPads harming or helping trustee boards? The cases for and against tablet governance
In this week's social media comment Money Box's Paul Lewis takes on the pensions minister.
Aegon and Nest join list of authorised master trusts
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On the go: Nest, the master trust set up by the government to back automatic enrolment, has received authorisation from the Pensions Regulator, along with four other multi-employer schemess.