Latest articles from Benjamin Mercer

DC contributions too small to allow for sustainable retirements

Stagnant incomes, rising wealth inherited later in life, and the relative poverty of defined contribution schemes compared with older defined benefit schemes are all factors that threaten the sustainability of retirement income, according to speakers at the Pensions and Lifetime Savings Association’s annual conference.

PPF eyes deteriorating credit ratings among DB sponsors

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Deteriorating defined benefit sponsor health has led to a three-fold increase in the level of liabilities belonging to schemes that could end up in the Pension Protection Fund over the next 18 months.

Charity participants in LGPS face going concern issues

An Institute of Chartered Accountants of Scotland report laying out guidance for charity trustees on going concern has prompted a second look at their participation in the Local Government Pension Scheme, with experts warning that many could face crippling debt payments as they run out of members.

Small-cap UK active equity funds find some success in H1 2020

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On the go: Just over half of all UK active equity funds have equalled or beaten benchmark returns in the first half of 2020, while 45 per cent trailed behind the S&P UK Broad Market Index.

Govt consultation suggests abandoning GMP conversion

The Treasury has indicated it may axe guaranteed minimum pension conversion in a new consultation, with experts citing administrative costs as a reason to ditch the idea.

McCloud remedy could take two years to implement, PLSA warns

News On the Go

On the go: The Pensions and Lifetime Savings Association has warned it may take more than two years for the Local Government Pension Scheme to implement the McCloud remedy, casting doubt on the government’s proposed timeframe.

South Yorkshire pensions to go green by 2030

News On the Go

On the go: The South Yorkshire Pensions Authority, responsible for administering the county’s £9bn local authority pension scheme for its 160,000 members, has adopted a net-zero by 2030 policy to govern its portfolio.

2020 risk settlement market could hit £50bn

News On the Go

On the go: Despite the turmoil caused by coronavirus and the government’s lockdown policy, 2020 could still be a record-setting year for the risk settlement market, with final volumes reaching or even exceeding £50bn, according to estimates from Aon.

Housing associations could face significant contribution hikes

News On the Go

On the go: The upcoming Social Housing Pension Scheme valuation could reveal a deficit of £1.5bn, almost £500m higher than expected following the last valuation in 2017, according to a report from LCP.

CDC pensions ‘would be 70% higher’ than traditional DC

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On the go: A new guide published by Willis Towers Watson estimates that collective defined contribution pensions would be on average 70 per cent higher than traditional defined contribution, and 40 per cent higher than typical defined benefit schemes.