Latest articles from Ian Smith

'Serious weakness' in London LGPS fund governance, report finds

Many London local government schemes – especially smaller funds – are suffering from poor governance and a lack of government oversight, according to a report published today.

Baptist scheme offers members 'ethical lifestyling'

The Baptist Union has taken an innovative approach to its DC investment set-up with two "ethical lifestyling" strategies to suit members' investment preferences.

Lothian votes 'no' at third of meetings to add value

Edinburgh (Princes St) Landscape

Lothian Pension Fund voted against one or more resolutions at more than 300 company meetings over the past year in an attempt to boost long-term shareholder value.

Heineken goes contract-based to speed up governance

Heineken

Heineken has revealed it chose a contract-based rather than a trust-based defined contribution scheme to speed up its investment governance.

Risk-based benchmarks introduced for DC

DCisions chart

Multi-asset funds have given defined contribution savers better risk-adjusted returns than passive equity trackers over the past three years.

Banks forbid firms aquiring subsidiaries with DB schemes

Banks are increasingly writing clauses into long-term loan agreements, effectively banning cash-strapped corporates from purchasing subsidiaries with defined benefit liabilities.

Covenants under stress in 2012

Chilled food maker Uniq’s radical bid to shore up its employer covenant broke the mould in 2010. The Pensions Regulator’s agreement to the company giving the scheme 90% of its shares, in return for shedding its liabilities, at first appeared to be a one-off case.

High Court offers schemes shield against expert errors

Schemes have been given protection from “procedural irregularities” committed by medical professionals in assessment of members appealing for incapacity pension, the High Court has ruled

Industry says hands off short-service refunds

The industry has called on the government to retain short-service refunds, but is divided on whether they should be reformed, as the call for evidence closes today.

Half of M&S DC members pass retirement date

Half of M&S defined contribution (DC) pension scheme members are remaining in employment past their selected retirement date, according to the retailer’s technical manager