All LCP articles – Page 14
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      NewsScheme goes to court to avoid £10m rules drafting mistakeAn orthotics and prosthetics manufacturer has been forced to go to court to amend a word in pension scheme rules drafted 20 years ago, which if left unchanged would have cost the plan £10m. 
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      NewsRPI changes could hit pensions funding by up to 10 per centOn the go: Reforms to the calculation of the retail price index could have a massive impact on pension funding, LCP reveals in a new report. 
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      FeaturesCan schemes save members from retirement age lottery?Analysis: Workers risk missing out on optimum retirement savings by not supplying their workplace pension provider with an intended retirement age, experts warn. But in the age of inertia, what can be done? 
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      NewsGMP compensation could cost members thousands in extra taxOn the go: Inadvertent action by an employer or pension scheme to compensate scheme members for inequalities in guaranteed minimum pensions could invalidate longstanding protection from onerous tax burdens, landing wealthy pensioners with tax bills of hundreds of thousands of pounds. 
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      NewsTate & Lyle completes £930m buy-in with L&GOn the go: The Tate & Lyle Pension Scheme has completed a £930m buy-in with Legal & General Assurance Society. 
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      FeaturesBAE Systems brings in new default to target drawdownThe BAE Systems Pension Scheme has put in place a new defined contribution lifestyle option targeting drawdown, giving members more flexibility following the introduction of freedom and choice. 
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      FeaturesBob Scott: The 40-year pensions perspectiveBob Scott is something of a rarity – a pensions lifer who has worked for the same firm virtually all his adult life, having joined Lane Clark & Peacock nearly 40 years ago in 1982. 
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         News NewsBritvic seeks court approval for RPI/CPI switchSoft drinks manufacturer Britvic is the latest business to attempt to switch the basis for its defined benefit pension increases from the retail price index to the consumer price index, with other companies reputedly queuing up to take legal advice on this very point. 
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      NewsLCP: Buyout deals more than double in 12 months to £34bnOn the go: The momentum in pension buy-ins and buyouts continues unabated, with a record £34bn of deals completed over the year to June 30 2019. 
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      NewsBritish American Tobacco strikes £3.4bn buy-in dealOn the go: British American Tobacco's UK pension scheme has agreed a buy-in covering both pensioners and deferred members, the third largest struck to date. 
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      NewsActive equity fees fall by 11 per cent since 2017On the go: The average fee for an active global equity mandate has fallen by 11 per cent since 2017, according to consultancy LCP, as competition from low-cost index tracking vehicles sees costs improve across most asset classes for institutional investors. 
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         Podcasts PodcastsPodcast: Putting a stop to unsuitable defined benefit transfer advicePodcast: The Financial Conduct Authority recently expressed concern that too much of the defined benefit transfer advice it has seen to date is still not of an acceptable standard. In this podcast, Tom Selby, senior analyst at AJ Bell, and Bob Scott, senior partner at LCP, talk about the impact of increased regulatory scrutiny of transfer advice, the need for DB flexibility, and how schemes and employers can help members by appointing a dedicated independent financial adviser to their scheme. 
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      NewsFTSE 100 pensions schemes face £100bn hitOn the go: Impending accounting standards changes could hit FTSE 100 pension schemes by up to £100bn with more than a quarter being hit to the tune of £1bn, according to consultancy LCP. 
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         Features FeaturesUMSS focuses on sustainability with new equity manager appointmentsThe £609m University of Manchester Superannuation Scheme has appointed two new equity managers who invest in companies picked on sustainability grounds. 
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      NewsDWP consultation ramps up pressure on small schemes to consolidateThe Department for Work and Pensions is ramping up the pressure on small schemes to consolidate and to consider long term illiquid investments. 
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         Opinion OpinionHow to beat volatility in 2019With an eye purely on the numbers, it might be tough to pinpoint exactly what has led to the worst year for stock markets since the end of the global financial crisis. 
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      NewsReuters Pension Fund completes £625m pensioner buy-inThe trustee of the Reuters Pension Fund and Thomson Reuters have completed a £625m full pensioner buy-in for the scheme, in the biggest annuity transaction yet for insurer Canada Life. 
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      NewsGovt and scheme decision-makers told to tread with caution on CDCCollective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted. 
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      News600 Group completes buy-in ahead of scheme wind-upUK engineering company 600 Group has derisked its 2,800-member defined benefit pension scheme with a $270m (£210m) buy-in policy from the Pension Insurance Corporation before moving to full buyout next year. 
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      NewsACA and Royal London call for radical simplification of DB rightsConsumers and employers could reap substantial benefits if the complex patchwork of defined benefit pension rights could be radically simplified, according to a recent policy paper. 
 





