Latest articles from Sophia Imeson

Vodafone scheme diversifies with alternatives additions

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Vodafone has made a foray into a number of new asset classes, including alternative beta, alternative credit and private market investments, for greater diversification. 

 

Salvation Army derisks as charities struggle with pension deficits

The Salvation Army has recently reduced risk in its UK defined benefit multi-employer scheme, having made efforts to tackle its pension deficit, but pension obligations are proving increasingly problematic for many charities.

HP scheme reboots parent company guarantee

Bloomberg

The Hewlett-Packard Ltd Retirement Benefits Plan has replaced its parent company guarantee following a major corporate reorganisation, resulting in improved terms for members. 

Bushfire of pension discrimination cases spreads to firefighters

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The Fire Brigades Union has raised a legal challenge against fire service employers and the government regarding alleged discrimination as a result of transitional protection arrangements. 

Pension schemes steer clear from selling gilts as rate pain intensifies

Pension funds struggling with low yields have held back from selling long-dated government bonds, causing the Bank of England to miss its gilt buying target on Tuesday.

Norcros moves to mastertrust in bid to improve governance

Bathroom and kitchen products company Norcros is transferring its money purchase benefits to a mastertrust arrangement to provide "more focused governance" and greater flexibility.

Railways scheme on track with cost management

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The Railways Pension Scheme has saved £100m in fees, having restructured its external management and pooled fund arrangements, but despite being cost-conscious, the fund remains focused on net returns. 

RSA scheme targets buy-and-maintain strategy to derisk

Bloomberg

The RSA Insurance Group’s Sal Pension Fund is focusing on buy-and-maintain credit as part of an investment strategy overhaul as the scheme looks to further derisk its portfolio following the results of its latest actuarial valuation. 

Ernst & Young overhauls DC scheme to fit the new freedoms

The Specialist: Changes at EY are aimed at reconciling its scheme with the pension reforms and could provide an opportunity to engage members.

 

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Selex cuts costs with new Care structure

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The Selex Pension Scheme has moved to a career average revalued earnings structure following the results of its latest triennial valuation, in an attempt to cut costs and reduce risk.