The Scottish Public Pensions Agency has initiated a project to benchmark its member data against quality criteria set out by the Pensions Regulator, to find more cost-effective ways of improving data accuracy.
Schemes take more holistic approach to risk management
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November 27, 2013
News analysis: More schemes are starting to take an integrated approach to investment, covenant and funding in their risk management planning, but there is still a disconnect between schemes’ investment strategy and the valuation process, according to new research.
Manager fee restructure lowers costs for LGPS
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November 25, 2013
Hammersmith and Fulham along with Cardiff are among eight public sector schemes already benefiting from asset managers restructuring fees in response to the consolidation and costs debate.
Nuclear fund on course to claw back £1m merger cost
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November 22, 2013
The Nuclear Decommissioning Authority is close to recouping the £1m it spent merging two schemes into the Combined Nuclear Pension Plan in a bid to save on administration and advisory costs.
How the DC code will affect your scheme
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November 20, 2013
The Pensions Regulator will make its defined contribution code of practice easier for scheme managers to understand after feedback that the line between pensions law and best practice was not clear enough.
GMPF to outsource property in investment reshuffle
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November 18, 2013
Greater Manchester Pension Fund plans to outsource the management of its property portfolio in order to hit its 10 per cent asset allocation target, in a review of its external management arrangements.
Managing your money purchase legislative risk
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November 15, 2013
News analysis: Managers of pension schemes that have hybrid elements such as additional voluntary contributions have been urged to investigate the impact of a legislative change that could increase their costs.
Avon fund upgrades software to reduce data risk
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November 14, 2013
Avon Pension Fund has implemented a new software system to gather member information from employers in order to reduce the risk of errors, as it moves to fully electronic reporting.
Tyne and Wear considers discount rate change to improve funding
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November 11, 2013
Tyne and Wear Pension Fund has considered changing the way it sets the discount rate used to calculate its liabilities, to prevent its funding level falling and large increases in employer contributions.
How defined ambition could affect your scheme
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November 8, 2013
Government has outlined proposed legislative modifications to the pensions system including changes to decumulation rules and daily pricing requirements, which could impact current defined contribution and defined benefit schemes.