All LCP articles – Page 18
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Opinion
DC Debate Q2 (part 2): The limits of DC
In the second DC Debate of 2017, seven defined contribution specialists discuss why schemes will look for more delegation, whether member engagement can be counterproductive, and if auto-enrolment should be extended.
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Opinion
DC Debate Q2 (part 1): Are equities best for defaults?
In the second DC Debate of 2017, seven defined contribution specialists discuss ESG in default funds, and what to say to members when markets fall.
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Opinion
What the DB green paper might (not) change
Millions of savers across the UK rely on defined benefits to fund all or part of their retirement, but threats to member security, illustrated by a number of high profile cases over recent years, are rocking the boat.
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FeaturesSuffolk scheme fills gaps with greenfield infra
The Suffolk Pension Fund has added to its alternatives allocation, including a commitment to illiquid credit and an investment in a greenfield infrastructure fund, as experts have highlighted the importance of good governance when investing in illiquids.
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NewsExperts call for mandatory guidance as FCA targets advice take-up
The Financial Conduct Authority will prioritise retirement income provision within pensions in 2017-18, addressing perceived problems with consumers who do not take regulated financial advice, as some argue schemes should organise Pension Wise sessions by default.
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FeaturesPost Office surplus raises union affordability complaints
The Post Office section of the Royal Mail Pension Plan remains in surplus, its latest funding update shows, just weeks after it was closed to future accrual amid union consternation.
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FeaturesLeonardo scheme ups hedge after Care switch
The Leonardo Electronics Pension Scheme has adapted its liability hedging strategy to reflect the career salary benefit changes implemented last year to reduce risk and costs.
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NewsIndustry unconvinced by MPs' funder of last resort concerns
Amendments to the pension schemes bill requiring member representation on mastertrust boards and a funder of last resort have been rejected by the House of Commons, amid concern from opposition politicians about a lack of oversight.
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News
IA consults on cost disclosure code amid data overload concerns
The Investment Association is calling for views on a proposed industry code on disclosure of charges and transaction costs, as some have stressed the importance of making such data easy to interpret.
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FeaturesBAE Systems’ Airbus section ready for take-off
British defence giant BAE Systems has created a new scheme section for Airbus employees, to increase transparency while giving direct responsibility to the companies involved.
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Opinion
DC Debate Q1 (part 1): Which investment strategies work for DC investors?
In the first DC Debate of 2017, eight defined contribution specialists discuss the pros and cons of illiquid assets, traditional indices and smart beta strategies.
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Opinion
DC Debate Q1 (part 2): How can the industry create value for savers?
In the first DC Debate of 2017, eight defined contribution specialists discuss the benefits of building a dashboard and look at the charge cap and whether the industry has come closer to defining value for money.
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News
'Greenest of green papers' explores DB sustainability options but lacks urgency
A wide-ranging government green paper is exploring a number of possible changes to improve the sustainability of defined benefit schemes, but although experts welcomed the variety of issues discussed, some noted a lack of urgency.
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News
Calls for greater trustee powers as advisers fail to consider scam risks
Government and regulators have been urged to strengthen the powers of trustee boards in opposing suspicious transfer requests, as an alert from the Financial Conduct Authority warned that some advisers are not carrying out proper due diligence on receiving scheme investments.
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FeaturesLuxfer Group ups DGFs in portfolio restructure
Global materials technology company Luxfer Group has restructured the growth portfolio of its defined benefit scheme to invest in diversified growth funds, as research has predicted continued demand for these strategies.
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News
Industry finds no easy answers in dividends v deficits debate
Most FTSE 100 companies could clear their pension deficits in less than two years by withholding dividends, new research says. Experts have called for more focus on the contrast between dividend payments and deficit repair contributions, though others say there is no one-size-fits-all solution.
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FeaturesTelegraph welcomes smart beta addition to TDFs
Telegraph Media Group has welcomed the downside protection brought in by the addition of smart beta to its default defined contribution target date funds, despite concerns over hidden dangers within the investment style.
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NewsContribution hike prompts pension protest at Bangor University
Public sector union Unison has protested against Bangor University’s plans to raise pension contributions, but despite the demurral, changes will be going ahead this month.
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OpinionBuy-ins and buyouts: The quiet revolution
From the blog: We reached a new milestone in late 2016: the pensions of more than 1m people in the UK are now insured through a buy-in or buyout.
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OpinionData crunch: Who advises the DC scheme community?
SpenceJohnson’s Magnus Spence looks at how the advisory market is developing and explains why second-tier firms are gaining ground with defined contribution schemes.