Latest articles from Emma Powell

BAA picks long-lease property as schemes hunt inflation linkage

BAA Pension Scheme has allocated £100m to long-lease property, as defined benefit schemes continue to invest in the asset class to act as a long-dated inflation hedge, consultants have said.

CBI lays out employer reform concerns

Neil Carberry

Video: Neil Carberry, director for employment and skills at the CBI, gives the employer's view on this year's historic pension changes, from the at-retirement flexibility bestowed by the Budget to the government's plans on defined ambition (5:38).

Shell surpasses legal minimum by equalising same-sex spouse benefits

Shell has gone above the legal minimum to guarantee same-sex married couples equal spousal benefits in its defined benefit pension fund, while other schemes have maintained a tiered benefit for same-sex partners.

Transfer industry: pot-follows-member transfers can cost just £1

Pension transfer systems have countered concerns raised by industry figures that implementing pot-follows-member could result in high costs, which may be passed onto members.

Collective schemes to be enforced by valuation and reporting framework

Collective schemes – which pool members’ assets and risk – will have to comply with new valuation and reporting requirements, under initial proposals outlined yesterday in the Queen’s Speech.

PPF targets transparency with insolvency levy changes

PPF targets transparency

Schemes will be able to more precisely focus their efforts to reduce their Pension Protection Fund levy, following the lifeboat’s proposals to make its insolvency risk system more transparent.  

Industry calls for better DC risk guidance to hit target outcomes

Industry figures have called for better guidance for defined contribution members to help them choose the appropriate level of risk pre-retirement to achieve their target outcomes.

Mercer parent shuts DB scheme to equalise benefits

Marsh & McLennan Companies, the US-based parent of global consultancy Mercer, has decided to close its UK defined benefit scheme to future accrual in a stated attempt to create a level playing field between employees.

Managers boost pre-retirement risk to match DC flexibility

Providers are revising products offered to defined contribution pension scheme members to incorporate greater risk in the decumulation phase, as a result of the greater flexibility afforded by the Budget.

Analytics providers call for safeguards on member data

Schemes using online data analytics systems to inform investment and risk-management decisions have been urged by system providers to put in place governance procedures to ensure data security.