All inflation articles – Page 11
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News
FTSE 350 deficit up to £51bn as political and financial turmoil ahead
On the go: FTSE 350 companies saw their pension deficit grow in July, from £48bn at the end of June to £51bn by the end of July, a £3bn increase. Funding levels were unchanged over the month at 94 per cent, according to Mercer.
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News
Spring Statement: Government responds to RPI flaws
On the go: The government is still considering whether to take action on problems with the retail price index, it was announced after the Spring Statement yesterday.
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Features
Data Crunch: Rush of pension capital into infrastructure continues
Pension money is pouring into infrastructure. Portfolio analysis by Pensions Expert’s sister title Mandatewire reveals that the cash-generative asset is proving the perfect fit for mature defined benefit schemes, despite buyout looming for some trustees.
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News
Relief for pension schemes as CPI falls to 1.8 per cent
On the go: UK pension schemes will get a small measure of comfort from the current inflation figure, with the consumer price index falling for the third month in a row to 1.8 per cent in January, the lowest level since January 2017.
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Opinion
Hedging Brexit: An unfortunate necessity for trustees
Politicians have failed to give pension funds the certainty they need in their preparations for Brexit, and trustees must now attempt to insulate their portfolios against a number of threats, writes Kames Capital’s Stephen Jones
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News
Barnardo's scheme loses Supreme Court RPI appeal
On the go: Children's charity Barnardo's may not change the inflation protection it provides to members of its defined benefit scheme, the Supreme Court has ruled.
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NewsSupreme Court: Barnardo's wording does not allow RPI/CPI switch
The Supreme Court’s rejection of an attempt by Barnardo’s to downgrade its pension increases is a reminder that courts are unlikely to bend rules to accommodate the commercial needs of defined benefit sponsors, according to legal experts.
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News
Schemes shift attention from interest rates to inflation hedging
On the go: Inflation hedging has seen a sharp rise with activity up by 22 per cent in the third quarter of 2018, to around £24.2bn. Total interest rate hedging activity was around £29.2bn in the third quarter, a 1 per cent fall according to the BMO Global Asset Management.
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News
PPF must not cut pensions by more than half, EU court rules
The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.
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News
CJEU rules against PPF cap
On the go: The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.
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News
Dromey: Government can use HPE contracts for pensioner justice
The shadow pensions minister has called on ministers to leverage lucrative contracts it awards to Hewlett Packard Enterprise to persuade the company to protect pensioners who are seeing their benefits eroded by inflation.
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OpinionIndustry must keep member confidence strong through slowdown
There are signs that the global economy is headed for a slowdown, argues Matt Tucker of Quantum Advisory, so schemes should prepare for the worst and ensure they keep members reassured of the value of their pension.
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OpinionChoose wisely – not all DGFs justify their fees
An enormous variety of strategies, risk levels and returns are encompassed under the diversified growth fund moniker. Realistic expectations and careful due diligence are essential if schemes are to pick the right one, writes JLT Employee Benefits’ Jignesh Sheth.
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News
Rising interest rates threaten sponsor covenants, say experts
PLSA Investment Conference 2018: Interest rate and inflation risk could pose imminent threats to schemes and sponsors, while quantitative easing might not have been bad news for schemes, experts have said.
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Opinion
Market Outlook 2018: Storms in the distance?
For a bull run that has been thought of as the most hated in history, the years since the global financial crisis have been kind to pension scheme asset values.
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OpinionReasons to be cheerful: What to expect from markets in 2018
The ‘Goldilocks’ environment may be disappearing in US and European markets, says Schroders’ Keith Wade, but a strong picture for global growth means 2018 still looks a promising year for pension assets.
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News
TPR gets stronger, the government weaker: Top 5 law and regulation stories from 2017
Year in review: If the UK government’s all-consuming struggle to strike a beneficial Brexit deal can bring any relief to pensions professionals, it is that departments have not had time for the pensions tinkering so despised by the industry.
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OpinionA busy pensions agenda
Editorial: News that the pensions dashboard will be taken forward by the Department for Work and Pensions has been welcomed by the pensions industry.
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NewsHPE pensioners to bring inflation-proofing dispute before MPs
Pensioners of Hewlett Packard Enterprise are lobbying the government to force their former employer to provide inflation protection for pension rights built up before 1997, and have gained cross-party support for legislation.
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OpinionWhat are the current challenges in infrastructure investing?
Infrastructure can offer strong diversification while enabling schemes to access the illiquidity premium, but trustees should look at the yield available and consider whether they are forgoing any future opportunities, says P-Solve’s Matthew Simms.