Latest articles from Ian Smith

How schemes coped with derisking in 2012

Analysis: A tough market this year made it difficult for schemes to derisk, but the MNOPF is the latest in a series of funds that managed to insure members' benefits during 2012.

Ladbrokes takes punt on mastertrust design for auto-enrolment

Bloomberg Images

Ladbrokes has chosen a mastertrust, which it sees as a low-cost and accessible scheme design, to auto-enrol 14,000 eligible employees from next March.

Swap rate slump leaves schemes in derisking quandary

20-year swap rates

Data analysis: Schemes face tough choices over whether to reset their LDI derisking triggers, which are out of step with market pricing, leaving them short of their desired level of hedging.

How the Autumn Statement affects your scheme

The chancellor's Autumn Statement released this afternoon announced a consultation to smooth the rates used to discount scheme liabilities, and reduce further the lifetime and annual tax allowances for scheme members.

Mastertrust woe at small pot transfer costs

Mastertrust providers have voiced their fears of an unsustainable increase in costs if the government’s plan for small pension pot consolidation goes ahead.

Scottish pensions authority ups staff by 10% to cope with reform

The Scottish government has said "significant additional pressures" from pension reform on the agency that administers the pensions of 240,000 public sector workers has led to a 10 per cent staffing increase.

Royal Mail takes ‘immediate steps’ to fix RPI/CPI comms error

The pension plan has acted quickly to put right a mistaken inflation measure in one of its recently issued section booklets, to avoid misunderstanding among its members.

Employer support stabilises for schemes

Employer support to pension schemes has stabilised following a downward trend caused by historically low gilt yields, according to an index published today.

Member representation gap on LGPS harms funds

A report released on the running of London local government pension schemes “misunderstands the real nature of the governance deficit", according to a union and trustee representative.

Scottish & Newcastle switches administrator to finish data job

Bloomberg

Scottish & Newcastle Pension Plan has switched its administrator midway through a review of its data, an uncommon move experts say reflects greater pressure on schemes to meet data deadlines.