All articles by Ian Smith – Page 12
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Features
MNOPF readies for final derisking step
The Merchant Navy Officers Pension Fund has sold assets and shifted its investment approach to prepare for a deal to insure the remaining liabilities of its £1.3bn defined benefit old section.
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Features
Case study: Hertfordshire saves £1.6m with LPFA
With local authorities seeking efficiencies across the board, the London Pensions Fund Authority (LPFA) has secured its first administration client outside of the capital.
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Features
IAS 19 changes to drive derisking
Changes to accounting standards will bring sponsors and schemes closer together, and provide an impetus to derisk, according to consultants.
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Features
Case study: Shared services saves schemes 20% costs
The two county councils at the forefront of the “shared services” model recommended by an independent review for public sector schemes have achieved 20% savings in pensions administration and fund management.
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Features
Case study: Nelsons ups employee contributions by 54%
Healthcare manufacturer Nelsons has increased its average employee contribution to 5.4% from 3.5% by replacing its communications provider and launching a new group personal pension (GPP).
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Features
Using the state pension to increase contributions
Schemes have been urged to use the state pension to drive engagement and increase employee contributions, following compelling research on motivations to save.
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Features
Schemes cut cost of deferred members' small pots
Defined contribution (DC) schemes are reaching a tipping point where the number of deferred members are beginning to overtake active ones, meaning greater administration costs for members no longer employed at the company.
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Features
CPI legislation will increase scheme costs
Schemes which revalue benefits according to the retail prices index (RPI) will face the increased costs of a double calculation under the government’s final plans for scheme indexation.
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Features
Regulator highlights DC failure over risk registers
The Pensions Regulator is planning to measure governance standards twice yearly after failing to increase the number of small schemes to have set up risk registers.
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Features
How to encourage greater uptake of the OMO
Schemes have been urged to provide more detailed information on annuity options to ensure retiring members get the most from their defined contribution (DC) savings.
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Features
Schemes urged to review PPF and FAS protection
Incoming legislation will mean more schemes will qualify for protection through the Financial Assistance Scheme (FAS), but all need to review what legislative protection they are entitled.
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Features
Improve scrutiny of FX investments, schemes urged
With professional trustees predicting increased exposure to currency, schemes have been called to pursue transparency and audit data in their trades to protect their investments.
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Features
Schemes called to urgently review TPAs for 2012
Employers unprepared for auto-enrolment are leaving schemes facing a tough deadline to push through administrative reforms.
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Features
Schemes called to engage sponsors over s75 debt
With the government set to work more flexibility into section 75 debt obligations, schemes have been urged to monitor how sponsors take advantage of legislative relaxations.
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Features
Managers tussle with growing CPI complexity
As Unison considers joining the public sector juridical review of the RPI-CPI shift, schemes face growing fairness and practical challenges on amending benefits, lawyers have warned.
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Features
Trustees use discretion on gender-reassignment
The Department for Work and Pensions (DWP) has created a team to deal with transsexual people entitled to added state pension after they undertook gender reassignment before 2005 legislation.