West Midlands Pension Fund is already seeing the fruits of a switch to online benefit statements, but a lack of scale means smaller schemes could find a similar move overly expensive.
Knowledge sets the bar in regulator's draft DC code
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November 25, 2015
The Pensions Regulator is basing its leaner draft code of practice for trustees of defined contribution schemes on 'knowledge and understanding' requirements, which will mark out those in need of further training.
Autumn Statement uncharacteristically quiet(ish)
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November 25, 2015
From the blog: Once again the pensions industry pleaded with the chancellor to hold off on any further profound changes, only this time it looks like it got its wish... sort of.
Speculation about potential changes was rife ahead of time, but only two headline changes to pensions were announced in the chancellor's speech: the state pension and delaying the phasing up of auto-enrolment statutory minimum contributions.
As predicted on social media, reforms to pension tax were left alone for now, with the government promising a response to its tax incentivisation consultation in next year's Budget.
M&S completes re-enrolment, experts warn of governance risks
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November 24, 2015
Marks & Spencer Pension Scheme has successfully completed re-enrolment, having reached the three-year staging anniversary, but experts say schemes should review their processes to avoid tripping over nuances in the rules.
SPV helps Johnson Matthey reduce deficit by £145m
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November 22, 2015
Johnson Matthey Pension Scheme has reduced its deficit by around £145m after taking a raft of measures to address its funding shortfall, including the creation of an asset-backed contribution vehicle comprised of third-party bonds.
Is your scheme in the know about securities lending?
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November 19, 2015
Investment experts have laid out the steps schemes should take to minimise risks when allocating to securities lending, and warned of the potential they face for illiquidity and loss of voting rights.
Annuity demand expected to resurge
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November 17, 2015
Annuity sales will increase from this year despite the new pension flexibilities, as retirees recognise their need for a level of certainty in retirement, new research has suggested.
Premier Foods eats away at deficit by more than £570m
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November 16, 2015
Food manufacturing company Premier Foods decimated its IAS 19 deficit to £32.8m from £603.3m since December 2013 thanks to its hedging strategy and a change in discount rates.
Trinity Mirror reviews advisers ahead of DC default appraisal
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November 15, 2015
Trinity Mirror Pension Plan has carried out a consultant review ahead of an appraisal of its defined contribution default fund, spurred by the introduction of the freedom and choice reforms.
Rebus reviews funding strategy in self-sufficiency drive
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November 12, 2015
Rebus Pension Scheme is shooting for funding self-sufficiency with a review of its investment strategy aimed at boosting returns and diversification, but some commentators have raised questions over its loose definition.
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