Latest articles from Giovanni Legorano

PwC breached ethical standards in a scheme’s audit, FRC says

PricewaterhouseCoopers (PwC) has breached auditors’ ethical standards by acting as both actuary and auditor for one of its clients, the Financial Reporting Council (FRC) has claimed

PPF 7800 deficit plunges to year-to-date lowest

The aggregate funding level of the schemes tracked by the Pension Protection Fund (PPF) 7800 index plummeted to a deficit of £53.5bn at the end of August

UK concerns after creation of pan-European pensions regulatory body

The creation of a European authority on pensions has been greeted by the UK pension industry with cautious concerns over the reach of its powers.

Increasing demand for asset allocation strategies

Asset managers and consultants are experiencing an increasing demand for asset allocation products from schemes due to volatile equities and the recent rise in government bond prices

Directors’ pensions pots worth £3.8m, TUC claims

The pensions pots accumulated by the directors of UK’s top companies reached an average of £3.8m this year, according to calculations by the Trades Union Council (TUC)

DWP scraps exemption on 5% sponsor investment limit

Pension plans must not invest more than 5% of their resources in their sponsoring employer through UK collective investment schemes following a decision of the Department for Work & Pensions (DWP)

Two-thirds prefer property to pensions, says Aviva

The majority of Brits believe property is a better investment for the future than a pension, a survey by Aviva has found

Schemes eye private placement deals

Pension schemes are set to be significant players in a buoyant private placement market for the rest of the year due to the heavy contraction in bank lending.

US proxy rule to give schemes more power on boards composition

A decision of the US Securities and Exchange Commission (SEC) is deemed to have far reaching consequences on how UK pension schemes can impact the corporate governance of the US companies they invest in.

EU reforms on OTC derivatives could drain schemes’ resources

Proposed reforms of over-the-counter (OTC) derivatives at European level could impact the cost of pension provision, according to the National Association of Pension Funds (NAPF).