Latest articles from Sarah Cowburn

EU banking directive brings risks to schemes' derivative contracts

Schemes with LDI strategies should review counterparty creditworthiness, say pensions lawyers, as a new EU directive has granted national authorities the power to suspend schemes’ contractual rights with struggling banks. 

Proactive SMEs could still face auto-enrolment compliance headwinds

Marketing and communication consultancy JPES Partners is ahead of the wider SME curve in providing a pension scheme to its employees but work remains to ensure auto-enrolment compliance ahead of the company’s staging date.

The Weekly Wrap: July 10 edition

Bloomberg

A round-up of the week’s pension stories across the FT Group, from an OECD warning about alternatives, to the struggling infrastructure funding plan. 

 

Accountants issue scheme guide to revised recommended practice rules

The Pensions Research Accountants Group has issued a practical guide to help scheme practitioners fulfil new reporting requirements following last year’s revisions to the statement of recommended practice.

The Weekly Wrap: July 3 edition

A round-up of the week’s pension stories across the FT Group, from an HMRC crackdown on overseas pension schemes, to Swedish investors scrutinising the governance of Norway’s $912bn oil fund.

Smaller schemes take advantage of pooled funds in bumper year for LDI

LDI mandates

Hedged liabilities grew to a record £657bn last year as medium-sized schemes flowed into pooled mandates, but experts have flagged a concentration risk from liability-driven investment's three dominant providers.

Are you managing members' income expectations?

Any Other Business: Pensions got gritty last week. Greek pensioners took to the streets of Athens in protest against the nation's broken pension promises as Tsipras proposed further cuts to retirement incomes in a last-gasp ultimatum. 

Norcros plugs deficit with suite of liability exercises

Kitchen and bathroom accessories group Norcros has reduced its scheme deficit by £1.7m through a series of liability-management exercises, as pension funds see a further deterioration in funding levels.

Regulator talks tough as DC scheme governance falls short

Small and medium-sized defined contribution schemes are falling behind on governance compliance, Pensions Regulator research shows, with the watchdog vowing to use its powers where necessary.

The Weekly Wrap: June 26 edition

Getty Images

A round-up of the week’s pension stories across the FT Group, from Greece in the last-chance saloon for a bailout, to the OECD raising concerns over scheme solvency.