Latest articles from Benjamin Mercer

Trustees should monitor sponsor longevity when assessing covenant

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On the go: Sponsor longevity is a vital part of covenant assessment, requiring professional judgement and a range of strategic tools, according to a new report by the Employer Covenant Practitioners’ Association.

Barclays integrates ESG into £1.3bn sustainable growth fund

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On the go: The Barclays Bank UK Retirement Fund has announced the integration of environmental, social and governance factors, as well as climate risk, into its diversified Multi-asset Growth Fund.

Nest to boost private market holdings by 6%

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On the go: Nest is to expand its private market holdings from 9 per cent to 15 per cent by March next year, with its investments in illiquids and infrastructure assets expected to exceed a fifth of its £13bn portfolio.

Calls for actuaries to offer strategic advice as schemes target endgame

An industry group is proposing a radical change in the actuarial role, suggesting these professionals should step away from a technical specialist position to offer strategic advice, while moving away from triennial valuations.

Weekly Roundup: Have you any wool?

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Welcome to Pensions Expert’s roundup of a week that saw yet another company disappear, leaving a supermassive black hole in its pension scheme.

Economic uncertainty, DC consolidation, ESG to mark 2021

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Podcast: Marc Hommel, senior pensions adviser at EY-Parthenon, and Sue Pemberton, head of technology and defined contribution consulting at Premier Pensions, give their predictions for the pensions industry in 2021.

Industry needs to do more to combat scams, TPR says

While the Pensions Regulator has pointed the finger at industry saying all parties must do more to tackle the problem of pension scams, members of the Work and Pensions Committee have questioned whether the regulator has itself done enough to help.

Edinburgh Woollen Mill collapse leaves £17.5m pension black hole

Edinburgh Woollen Mill (teaser)

Clothing and homeware manufacturer Edinburgh Woollen Mill’s collapse into administration has sparked fears its defined benefit scheme will not recover the £17.5m owed to it.

Trustees cannot outsource responsibility for cyber risk

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On the go: Trustees bear ultimate responsibility for managing cyber risk even when they outsource administration to a third party, and must ensure they carry out due diligence, according to a new report.

Plumbing business freed of DB scheme liability

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On the go: UK-based heating and plumbing distribution business Wolseley is set to be freed of its defined benefit scheme liability following its acquisition by a private investment company.