Latest articles from Giovanni Legorano

Schemes to pick up bill for AIFMD

Additional costs likely to be incurred by managers on the back of the Alternative Investment Fund Managers Directive (AIFMD) will be inevitably passed on to investors such as pension funds, industry experts have warned

The AIFM directive explained

The Alternative Investment Fund Managers Directive (AIFMD) will introduce a number of requirements for AIFM likely to have a sizable impact on the industry and indirectly on institutional investors

BT crown guarantee ruling under EU scrutiny

The European Commission (EC) is reviewing the recent UK High Court ruling which extended a crown guarantee coverage to the pensions of all BT’s employees

£368m in class action wins to be left on the table

A number of UK pension schemes are set to miss out on the opportunity to recover £368m through US securities class action, a report has claimed

Spending Review: pension age, public sector pensions, Nest, Equitable Life

The state pension age will reach 66 in 2020 for both men and women, which is four years earlier than planned, chancellor George Osborne announced today during his speech on the Spending Review

Younger women unaware of what pension they save in

Almost four in ten young women saving in a pension admit they do not know where their money ends up, a survey by Scottish Widows has found

Industry downplays low number of scheme signatories to Stewardship Code

Only ten UK pension schemes are among the 68 signatories of the Financial Reporting Council (FRC) Stewardship Code, the UK’s first formalised code of shareholder responsibility

Thousands of teachers lobby MPs over pensions cuts

More than 12,000 teachers have written to their MPs to protest over looming changes to their pension schemes following the publication of the Hutton report, according to the National Union of Teachers (NUT)

Class actions ‘ethically wrong’, NAPF conference hears

Schemes who undertake US-style class actions against the companies in which they invest are “stealing from existing shareholders”, the British Coal scheme manager has claimed.

Treasury reduces allowance to £50k

The level of tax-free contributions that can be made annually to an individual’s pension has been reduced to £50,000, from £255,000