All Hymans Robertson articles – Page 17
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News
Project POOL maps the route for LGPS
Pooling assets across the Local Government Pension Scheme could ultimately deliver annual savings of £190m-£300m, according to new analysis that goes some way to giving LGPS funds much-needed clarity.
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News
April changes offer 'excuse' for DB schemes to shut up shop
Analysis: The death knell for defined benefit is edging closer, consultants say, as the end of contracting-out, low yields and impending government revisions to pension tax could see all FTSE 250 companies completely close their DB schemes by the end of this year.
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News
PiP seedling poised to flower following FCA authorisation
The Pensions Infrastructure Platform has been authorised as an investment manager by the Financial Conduct Authority and is tipped by industry experts to be a top contender in fulfilling the role of “national infrastructure platform” for local authority schemes.
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News
Strong covenants offer schemes more slack on investment risk
Schemes with strong employer covenants could find it easier to take on more investment risk, experts have said, in light of the Pensions Regulator’s increased focus on integrated risk management.
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OpinionEmployers need to step closer to the ‘advice line’
Hymans Robertson’s Rona Train looks at how employers can do more to give access to advice or guidance to pension scheme members.
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News
Just over half of LGPS have procedures for legal breaches
A little over half of public sector pension schemes have procedures set up to handle breaches of law, but experts have said scheme governance is improving markedly among local government pension schemes.
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News
Regulator aims to 'eradicate surprises' with risk management guide
The Pensions Regulator has issued a practical guide on integrated risk management to help trustees assess and respond to covenant, investment and funding risks, but experts have said schemes will need additional help.
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News
Fid man assets surpass £100bn but cynicism persists
Pension assets under fiduciary management hit £114bn during 2015, but independent trustees remain sceptical of the alignment of interests underpinning such arrangements.
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FeaturesCash flow crisis: How to avoid becoming a forced seller
Sweeping closures of defined benefit schemes across the UK will limit the pain of future liabilities for sponsors, but have created a growing problem many pension funds have been slow to recognise: a cash flow crisis is on the horizon.
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NewsShire funds ‘keeping options open’ for asset pooling
A group of seven Local Government Pension Scheme funds has appointed a manager to run a joint £6.5bn passive mandate, but funds involved in the arrangement say longer-term plans for pooling are still under discussion.
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News
LPFA confronts employer risk through covenant monitoring
Keeping a constant eye on the financial strength of employers has brought the London Pensions Fund Authority £310m worth of guarantees, assurances and cash since its 2013 triennial valuation.
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NewsDebenhams splashes out more on recovery despite surplus
Debenhams pension scheme trustees have secured higher employer contributions as part of the recovery plan despite having reached an IAS 19 surplus earlier this year, demonstrating the discrepancies between two scheme funding calculation methodologies.
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News
Pension freedom report: Must do better
A clearer definition of advice and stronger warnings about scams were two of the points raised in the Work and Pensions Committee’s report on pension freedom this week, which has found support across the industry.
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Features
BBC couples derisking with flexibility for DB members
The BBC is offering a pension increase exchange to its pensioners, upping the options available to defined benefit members just months after offering to pay for advice for those considering transferring out of the scheme.
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Opinion
Tough markets force funds to act smarter
UK pension funds have been searching for ways to invest in traditional assets in non-traditional ways, moving further into the alternatives and multi-asset spaces.
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OpinionCollective response to an unprecedented problem
Talking Head: This week’s National Association of Pension Funds conference was a great opportunity for debate, the central question being: Can we use the energy of discussion to power a collective response to an unprecedented pensions crisis?
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Features
The Pensions Trust outperforms after investment governance change
Multi-employer scheme The Pensions Trust has changed its investment governance structure to reduce bureaucracy, beating its benchmark in the process.
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News
FCA targets lifestyling laggards in latest consultation
Employers and providers are being compelled to address the suitability of default 'lifestyling' strategies in defined contribution schemes as part of a wider consultation by the City watchdog to improve the pension market for consumers.
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News
Welsh funds reach impasse on asset-pooling plans
Welsh local authority pension funds have made progress on mapping the road towards pooling their assets, but along with their peers are awaiting further details on the criteria around governance, size and cost.
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NewsFreedom variability distorts member behaviour, FCA study shows
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.