Trustees and sponsors of workplace defined contribution schemes need to review their scheme rules, administrative processes and member communications to reflect the abolition of short-service refunds on October 1.
‘Mindset shift’ in FTSE 100 battle to reduce DB risks
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September 9, 2015
FTSE 100 defined benefit schemes flooded into bonds in 2014 but persistent deficits are forcing many schemes to seek opportunities for risk reduction within growth-seeking assets.
Police investigation highlights need for internal scheme checks
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September 7, 2015
The protection of scheme assets against internal fraud should be a top priority for administrators and trustees, experts have said, following the arrest of an employee on suspicion of a scheme-related theft.
Regulator flags DLR case to tackle inaction on late valuations
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September 7, 2015
The Pensions Regulator has taken the unusual step of publishing details of how it responds when schemes miss their valuation deadlines in an attempt to underscore the need for constructive dialogue between trustees and sponsors.
DB closures 'storing up issues' for DC
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September 3, 2015
News Analysis: The closure of defined benefit pension schemes may alleviate a significant financial burden, but experts have urged employers to think carefully about the long-term impact of the replacement arrangements chosen for affected employees.
Kingfisher locks in gains as funding hits triggers
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August 31, 2015
Kingfisher Pension Scheme has continued to progress towards its 2030 buyout target with a £150m shift from return-seeking to matching assets after tipping into surplus.
East Riding moves deeper into niche alts in hunt for yield
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August 31, 2015
East Riding Pension Fund has pushed further into the alternatives space over the past 12 months with an £80m investment in social housing plus increased allocations to aircraft leasing and healthcare royalties.
Between two boards: Balancing the dual roles of exec and trustee
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August 25, 2015
The broader experience of financial directors and company executives may enhance pension trustee boards' insight and understanding, but conflicts of interest should be carefully managed.
The Weekly Wrap: August 21 edition
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August 20, 2015
A round-up of the pensions industry stories published across the FT Group this week – from two-thirds of savers cashing out their pension pots, to consultants urging smaller pension funds to seek LDI education.
Run affordable risk, say experts
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August 20, 2015
Schemes must not run more risk than they can afford, say experts, as UK private sector defined benefit deficits rocket to £900bn.