Latest articles from Benjamin Mercer

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

News On the Go

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.

LGPS wades into Israel-Palestine row with UN blacklist engagements

At least two Local Government Pension Scheme funds are undertaking engagements with companies linked to contested Israeli settlements, Pensions Expert can reveal.

Aon warns USS consultation could confuse employers

Aon has warned that the consultation document presented by the trustee of the Universities Superannuation Scheme will be of only limited use to employers, and may leave some unable to make vital decisions.

Arguments for DC consolidation stronger than for DB

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Podcast: The pace of defined contribution consolidation could accelerate on the other side of the coronavirus pandemic, but mergers are a less obvious boon for define benefit, say Squire Patton Boggs partner Kirsty Bartlett and Hadassah Shulman, senior associate at Taylor Wessing.

Fund managers’ ESG claims outperform reality

A third of asset managers are still not engaging on climate change, according to analysis by Redington. But of those that do, experts warn that their environmental, social and governance ratings may not be all that they appear.

Scheme members wait on up to £25,000 from GMP equalisation

News On the Go

On the go: Some defined benefit scheme members could still be waiting on payments of up to £25,000 resulting from guaranteed minimum pension equalisation, according to research by XPS Pensions.

Eviction ‘holiday’ poses threat to schemes’ property investments

The government’s extension of a measure designed to provide relief to struggling tenants could adversely affect pension scheme property investments, especially where the scheme acts as a landlord, experts have warned.

DB schemes with ‘clean bill of health’ before pandemic

Data crunch: High levels of hedging, integrated approaches to risk management, long-term targets and clearly defined journey plans all made for sepia-tinted tranche 14 valuations. 

Covid and regulatory burdens push building society to outsource scheme

With the work of lay trustees becoming more complex, and the pandemic highlighting other areas in need of sponsors’ attention, the Furness Building Society has opted to outsource services for its defined benefit scheme, a trend that is expected to accelerate.