Latest articles from Tom Dines

Don't mention the R-word: More over-65s postpone retirement

From the blog: The number of people over the age of 65 in employment has increased by nearly 100,000 since the beginning of 2014, but this may not be a signal of an ageing workforce.

 

Figures released by the Office for National Statistics this week showed 1,206,000 people aged over 65 were in employment between March and May this year, up from 1,130,000 in the same period in 2015 and 1,117,000 in 2014.

 

Despite this, over-65s made up only 1.9 per cent of the workforce, a marginal increase in representation from 1.8 per cent in 2014. 

 

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FCA scheme becomes latest to benefit from discount rate move

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The Financial Conduct Authority Pension Plan has become the latest in a series of schemes to announce an improvement in its financial position arising from an increase in the discount rate.

Unite plans strike ballot as Post Office mulls scheme closure

Getty Images

Unite, the union, is seeking a mandate for strike action from its members who work for the Post Office following proposals to close the defined benefit scheme to accrual.

De La Rue extends recovery plan and ups bonds

De La Rue extends recovery plan and ups bonds

Banknote and passport printer De La Rue has agreed an extended recovery plan with its pension scheme trustees after its most recent actuarial valuation showed an increased deficit of £252m.

West Midlands saves £25m with in-house mandate

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The West Midlands Pension Fund has found savings of more than £25m a year after a swath of changes to its investments and a two-pronged strategy to reduce administration costs.

Brexit creates opportunity but uncertainty remains, experts warn

Scheme trustees should look to capitalise on opportunities created by the United Kingdom’s vote to leave the European Union, but strategic change should wait until details emerge, experts have said.

The new new normal?

Illustration by Ben Jennings

Well, who saw that coming? Not the pollsters, or the bookies, or the markets. But nevertheless here we are: Britain has voted to leave the EU.

Pensions shrouded in uncertainty as UK votes to leave

EU referendum results

The pound fell on Friday following news the United Kingdom had voted to leave the European Union, but experts warned schemes not to overreact.

The Weekly Wrap: June 24 edition

A round-up of the pensions industry stories from around the FT group this week, from Prudential backing away from annuities, to the growing role of over-50s in the workforce.

Smaller schemes dive into LDI pools

Source: KPMG

Smaller schemes are increasingly using liability-driven investment strategies as the number of pooled mandates powers growth in the market, research this week from consultancy KPMG has shown.