More defined benefit news – Page 147
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Pension dashboard could 'fail in its objective'
Pension dashboards enabling savers to view their retirement assets in one place are set to become a reality, but commentators have questioned how they will be funded and some fear they could do “more harm than good”.
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LDI: Should schemes hedge now or ride it out?
News Analysis: Pension schemes wanting to derisk through liability-driven investment are faced with the conundrum of whether to hedge now or hope for rates to finally rise.
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Defying criticism: The other burden of being a lay trustee
Any Other Business: Lawyers, actuaries, professional trustees. The world of pensions is so full of highly specialised roles it can seem bizarre so much of the decision-making comes down to elected trustees who may have no experience with pensions.
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NewsPPF: 'Steady as she goes' approach for 2016/17 levy
The Pension Protection Fund has revised down its aggregate levy requirement for 2016/2017 but has urged schemes to continue to focus on risk reduction.
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PPF-plus compromise deals expected to rise
‘Compromise’ deals designed to secure benefits above lifeboat levels could increase over the next couple of years, as deficit reduction pressures continue to squeeze schemes and their sponsors’ balance sheets.
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Airport owner puts LGPS membership under review in cost-cutting drive
The owner of Durham Tees Valley Airport is undertaking a review of the aviation hub's membership of Teesside Pension Fund and overall benefits structure in a wider push to curb company losses.
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NewsGranada appeal threatens contingent asset arrangements
Broadcaster Granada is appealing a High Court ruling in an attempt to recover £40m of gilts from one of its pension schemes, but lawyers say the case could jeopardise other employers’ non-cash contributions.
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NewsThe Pensions Trust reboots website in response to new rules
The Pensions Trust has relaunched its website with more tools and information for members, employers and advisers, as schemes look for ways to engage members amid an increasingly complex pensions landscape.
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S.Yorks misses deadline as admin woes heap pressure on LGPS
Teething issues following an administration overhaul at South Yorkshire Pensions Authority has delayed the delivery of members’ annual statements, amid a challenging backdrop of wider fundamental reform across the Local Government Pension Scheme.
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News‘Mindset shift’ in FTSE 100 battle to reduce DB risks
FTSE 100 defined benefit schemes flooded into bonds in 2014 but persistent deficits are forcing many schemes to seek opportunities for risk reduction within growth-seeking assets.
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Charity puts centre up for sale to cover LGPS costs
The Multiple Sclerosis Society is to sell a support centre to meet the cost of its local government pension scheme membership, the latest charity to sell assets to cover defined benefit costs.
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NewsPolice investigation highlights need for internal scheme checks
The protection of scheme assets against internal fraud should be a top priority for administrators and trustees, experts have said, following the arrest of an employee on suspicion of a scheme-related theft.
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Cash leads the way on freedoms but further flux predicted
More than half of the £2.5bn withdrawn by pension savers in the three months since April has been paid out in cash lump sums, but experts predict consumers will shift their focus towards more sophisticated products.
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Regulator flags DLR case to tackle inaction on late valuations
The Pensions Regulator has taken the unusual step of publishing details of how it responds when schemes miss their valuation deadlines in an attempt to underscore the need for constructive dialogue between trustees and sponsors.
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Invensys extends Pie to pensioners
Invensys Pension Scheme is expanding its pension increase exchange offering to retired members, as the company plans a bulk exercise for dependants and pensioners.
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Longevity v interest rates – which poses the biggest risk for schemes?
Rising life expectancy poses a greater risk to UK corporate pension schemes than low interest rates, a report this week has suggested, but some industry experts have challenged the finding.
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NewsCambridge uni scheme scrutinises opt-outs in prep for re-enrolment
Cambridge University Assistants’ Contributory Pension Scheme is examining the causes of opt-outs as it prepares to re-enrol members into its hybrid scheme next year.
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BBC to lay on financial advice for members looking at transfers
The BBC is to offer paid-for independent financial advice to help members get the most from the pension freedoms, in particular to support those considering transferring their assets.
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East Riding moves deeper into niche alts in hunt for yield
East Riding Pension Fund has pushed further into the alternatives space over the past 12 months with an £80m investment in social housing plus increased allocations to aircraft leasing and healthcare royalties.
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Between two boards: Balancing the dual roles of exec and trustee
The broader experience of financial directors and company executives may enhance pension trustee boards' insight and understanding, but conflicts of interest should be carefully managed.