All inflation articles – Page 8
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NewsPension funds advised to keep close eye on inflation
Recent spikes in inflation have led consultants to advise schemes against buying overpriced hedges and urging them to stay underhedged over the next three years, while looking elsewhere for inflation-linked returns.
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NewsFour out of five investors to increase fixed income exposure
On the go: Eighty per cent of institutional investors intend to increase their fixed income exposure over the next three years, with one in six expecting this increase to be “significant”, according to a study by Aviva Investors.
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NewsAltmann urges pensions triple lock reform as Sunak changes tone
On the go: Choosing to scrap the pensions triple lock just because of one year’s set of numbers is unwise, but a radical overhaul of state pension support is needed, according to former pensions minister Baroness Ros Altmann.
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NewsPoor choices under pension freedoms cost savers £2bn
Savers taking advantage of pension freedoms to cash out before retirement have suffered £2bn in lost returns, spurring calls for better financial education, according to analysis by LCP.
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NewsDesire for cryptocurrencies is ‘deeply concerning’
New research from CoreData has shown almost half of millennials, people aged between 25 and 40, want to invest at least part of their pension in cryptocurrencies such as bitcoin. Experts, however, have warned that cryptocurrencies remain a long way off being a viable investment option.
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NewsDB funding levels improve amid favourable markets
On the go: The accounting deficit for the defined benefit pension schemes of the UK’s 350 largest listed companies fell in June, new data from consultancy Mercer show.
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NewsDB pension scam warnings hit 5-month high
On the go: Defined benefit pension scam warnings increased in May to their highest level in five months, according to research from XPS Pensions.
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NewsBritvic wins appeal on pension inflation change
On the go: Soft drinks manufacturer Britvic will be able to reduce the inflation-proofing it provides for its defined benefit pension scheme, as the Court of Appeal has ruled in its favour.
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NewsUCU mulls industrial action as USS sponsors reject benefits modelling
The University and College Union has said it is to decide “in the coming days” whether to press ahead with industrial action after its newly released ‘benefits modeller’, aiming to show how much members stand to lose under controversial proposals by the Universities Superannuation Scheme, was dismissed by employer representatives.
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NewsRPI change may leave DB schemes at risk of overpaying transfer values
On the go: The change to the retail price index means that defined benefit schemes risk overpaying transfer values by 10 per cent if transfer terms are not adjusted, according to calculations by Hymans Robertson.
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NewsJPMorgan AM urges investors to globalise real asset portfolios
On the go: JPMorgan Asset Management has advised investors to globalise real asset allocations to avoid price volatility in times of crisis.
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NewsTPR, PPF propose tiered approach in asset information reform
The Pensions Regulator and the Pension Protection Fund have issued a joint consultation into proposals to change the asset class information TPR collects via the scheme return.
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DB transfer values recover after February fall
On the go: Defined benefit transfer values increased in March to recover around a third of the drop seen in February, according to figures from XPS Pensions Group.
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Pandemic causes £41bn DB deficit bump
On the go: The coronavirus pandemic and attendant national lockdown saw a marked deterioration in defined benefit scheme funding positions, with the overall deficit up £41bn as of March 2020 compared with the same month in the previous year.
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Switch to index-linked gilts could boost DB pensions and save billions
On the go: A rebalancing by the government from fixed interest to index-linked gilts could provide additional security for pension schemes and their members while saving taxpayers billions, according to analysis by LCP partner Jonathan Camfield.
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OpinionLifetime allowance freeze reopens debate on its relevance
Broadstone technical director David Brooks analyses the pension announcements made by chancellor Rishi Sunak in the Budget, and questions what is the purpose of the lifetime allowance.
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Chancellor ponders lifetime allowance 'stealth tax'
On the go: Chancellor Rishi Sunak was reportedly planning to freeze the lifetime allowance for the rest of the current parliament, according to a report in the Times — a move that could see public sector workers hit hard.
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OpinionSchemes cannot own same stocks in a downturn as in a recovery
Pension funds need to respond to a regime change from the low-growth, low-inflation environment that suited bonds and bond proxy equities, to a reflationary/inflationary one that will suit cyclicals, energy and materials, and value stocks in particular, warns Ian Lance, co-manager of the Temple Bar Investment Trust.
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RPI reform boosts inflation hedging
On the go: The announced reform of the retail price index, to match the consumer price index including housing costs, saw inflation hedging rise by six per cent quarter on quarter at the end of September 2020.
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L&G scheme secures £400m derisking transaction
On the go: The Legal & General Group UK Senior Pension Scheme completed an assured payment policy transaction worth around £400m with the Legal & General Assurance Society in December 2020.