Latest articles from Maria Espadinha

For the love of GMPs

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Former Editor, Maria Espadinha, writes for Pensions Expert

Lords call for ‘far stricter limits’ on LDI leverage

Kirsty Wigglesworth/Getty Images

A committee in the House of Lords has called for “far stricter limits” on leverage in liability-driven investments, which it believes caused the Bank of England intervention, while considering giving the Prudential Regulation Authority a role in schemes’ supervision, due to their “bank-like” strategies.

Government proposes changes to LGPS cost-control mechanism

Chuyu2014/Envato

The government is proposing a series of changes to the Local Government Pension Scheme cost-control mechanism, aligning it with other public sector plans while giving more discretion to the Scheme Advisory Board.

FRC dashboards standard to remain unaltered until 2024

News on the go

On the go: Dashboard projected assumptions, which came into force last year, will remain unaltered until March 2024, the Financial Reporting Council has announced.

Managers using LDI debacle to ‘grab assets’ from schemes

LightFieldStudios/Envato

Asset managers are using the liability-driven investment turmoil as an excuse to “grab assets” from defined benefit schemes by demanding buffers higher than those recommended by the regulators, a former fund manager has revealed.

Government explores CDC decumulation schemes

News on the go

On the go: The Department for Work and Pensions is exploring whether it could introduce legislation for decumulation-only collective defined contribution schemes, since these could help “improve member choice and outcomes”.

DWP narrows down small pots solution to two options

DWP

The Department for Work and Pensions has narrowed down the solution to the small pots issue to either the creation of default consolidators or the introduction of pot-follows-member legislation.

DWP to announce DC reforms amid cost of living crisis

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The Department for Work and Pensions will be announcing a series of reforms to defined contribution saving, in an attempt to curtail the impact of the cost of living crisis.

Nuclear sector DB schemes reform to go ahead after 5-year delay

Si Barber/Bloomberg

The House of Lords has approved amendments to the energy bill that will allow the two nuclear public sector schemes to be reformed in line with government policy, five years after originally planned.

LDI turmoil could reduce DB schemes’ investment in illiquids

Luke MacGregor/Bloomberg

The fallout from the September market turmoil will be “wide-ranging” for UK defined benefit schemes, with regulatory changes influencing their capacity to invest in less-liquid growth strategies, according to a new report from Bloomberg Intelligence.