Investment experts have predicted liability-driven investment programmes could become more tricky since the chancellor gave the green light to transfers from defined benefit to defined contribution, with schemes finding it more difficult to predict liabilities.
The Weekly Wrap: August 8 edition
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August 8, 2014
A round-up of pensions and investment stories published across the FT Group – from a drop-off in profits for many annuity providers in the wake of the financial crisis, to the Bank of England holding interest rates in place for another month.
Plus the week in numbers:
- 49% slump in the sale of individual annuities in the UK this year
- £2bn the fall in payments by UK FTSE 100 companies into staff pensions
- Proposed lifetime Isa scheme calls for 50p to be committed by the Treasury for every £1 deposited
Most read on pension-expert.com
Unilever sees 26% opt-out from AE joiners on tax grounds
Time is running short. Regulators must provide detail on how to implement DC reform
'Oversharing' is good. A scheme guide for dealing with the regulator
Newly defined money purchase plans wake up to actuarial and comms obligations
How to educate DC members on retirement 2.0
And this week's social media comment defined contribution members' attitudes toward their investments.
The Weekly Wrap: August 1 edition
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August 1, 2014
A round-up of pensions and investment stories published across the FT Group – from the Mexican government taking on a proportion of state oil company Pemex's pension liabilities, to foreign investors selling gilts at high levels.
Plus the week in numbers:
- £55bn held by Pemex in pension liabilities
- 20% of DB members could stand to benefit from transferring out
- £495m The estimated losses of pensioners to pension scams
Most read on pensions-expert.com
The Budget has not killed off lifestyle strategies
ETV exercises to rise as government accepts DB-to-DC transfers
BBC plan sees slight deficit improvement as contributions bed in
Which process provides the best trustees: election or selection?
First glance at London Councils' CIV, designed to reduce £72.8m fee bill
And this week's social media comment questions whether schemes should be looking for returns or downside mitigation.
The Weekly Wrap: July 25 edition
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July 25, 2014
A round-up of pensions and investment stories published across the FT Group – from Detroit pensioners accepting a deal to have their payments decreased by 4.5 per cent, to a recommendation that Aussie superannuation schemes lower fees by 38 basis points.
Plus the week in numbers:
- Report recommends Australian superannuation schemes lower fees by 38bp.
- Income boost for pensioners deferring their state pension from 2016 will decrease to 5.8% from 10.4%.
- Pensioners in Detroit will lose 4.5% from their pensions.
Most read on pensions-expert.com
- Snowdon: 'unseen army' of non-IFAs could deliver guidance guarantee
- Picking through the guidance guarantee small print
- Longevity risk: Is the 1000-year-old man (or woman) a member of your scheme?
- Civil service employers face increased contributions after discount rate cut
- Webb: pension reform far from over
This week's social media comment looks at the bright side for some defined benefit schemes that are fully funded.