Latest articles from Tom Dines

Defying criticism: The other burden of being a lay trustee

Any Other Business: Lawyers, actuaries, professional trustees. The world of pensions is so full of highly specialised roles it can seem bizarre so much of the decision-making comes down to elected trustees who may have no experience with pensions.

Morrisons delivers £150m property assets to secure scheme funding

Morrisons (teaser)

Supermarket chain Morrisons has transferred a further £150m worth of property into an asset-backed funding vehicle in a bid to improve security for its pension scheme.

 

Granada appeal threatens contingent asset arrangements

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Broadcaster Granada is appealing a High Court ruling in an attempt to recover £40m of gilts from one of its pension schemes, but lawyers say the case could jeopardise other employers’ non-cash contributions.

Freedom variability distorts member behaviour, FCA study shows

FCA

Data from the Financial Conduct Authority has shown drastic changes in how consumers access their pensions since the introduction of the flexibilities, though experts have said difficulty accessing some options may have skewed consumer choices.

PPF-plus compromise deals expected to rise

‘Compromise’ deals designed to secure benefits above lifeboat levels could increase over the next couple of years, as deficit reduction pressures continue to squeeze schemes and their sponsors’ balance sheets.

The Pensions Trust reboots website in response to new rules

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The Pensions Trust has relaunched its website with more tools and information for members, employers and advisers, as schemes look for ways to engage members amid an increasingly complex pensions landscape.

Minimum wage hike threatens employer contributions

Pension provision could suffer under the higher minimum wage being introduced next year as employer industry bodies say companies are looking at the wider rewards package in an attempt to claw back costs.

The big sell: How to attract new trustees to a scheme

Any Other Business: The role of pension trustee has grown in complexity over recent years and has become too daunting a task for many, but some schemes are finding new ways to lure fresh blood to the role.

Charity puts centre up for sale to cover LGPS costs

The Multiple Sclerosis Society is to sell a support centre to meet the cost of its local government pension scheme membership, the latest charity to sell assets to cover defined benefit costs.

Cash leads the way on freedoms but further flux predicted

More than half of the £2.5bn withdrawn by pension savers in the three months since April has been paid out in cash lump sums, but experts predict consumers will shift their focus towards more sophisticated products.