All News articles – Page 262
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Regulator retreats from insolvency trustee appointments
Insolvency practitioners working for schemes' troubled sponsors are being encouraged by the Pensions Regulator to take the initiative in appointing trustees, which in many cases could shorten Pension Protection Fund assessment periods.
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Employers need government support to lead on engagement
Workers yearn for employer guidance on pensions but still lack understanding, leading some experts to call for the government and pensions industry to help employers use their influential position to promote saving.
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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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Anxious academics and drawdown letdowns – tomorrow’s DC battles
Analysis: Digital advice, the introduction of the academic sector’s first defined contribution scheme and greater choice in drawdown solutions are just three of the things set out by industry professionals as priorities for 2016.
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NewsChurch of England targets US private loans in bid to divine 7% returns
The Church of England Pensions Board is “on the cusp” of making an allocation to private credit in the USA, as it seeks returns uncorrelated to equities.
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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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Debt is inextricably linked to 'adequate' retirement incomes
Personal debt is a significant blindspot in the method used for determining 'adequate' retirement incomes, research suggests, as data from overseas show indebtedness will play an increasingly important role in retirees' needs.
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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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NewsFreedom variability distorts member behaviour, FCA study shows
Data from the Financial Conduct Authority has shown drastic changes in how consumers access their pensions since the introduction of the flexibilities, though experts have said difficulty accessing some options may have skewed consumer choices.
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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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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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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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VAT burden shows little sign of abating as key deadline approaches
News Analysis: Employers need a better way of reclaiming VAT on behalf of their schemes than that set out by HM Revenue & Customs, lawyers say, as a December deadline for schemes to renegotiate service contracts looms.
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How scrapping short-service refunds affects DC and employer costs
Trustees and sponsors of workplace defined contribution schemes need to review their scheme rules, administrative processes and member communications to reflect the abolition of short-service refunds on October 1.
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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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NewsEMD: Good diversifier or not the right time?
News Analysis: Nest’s recent move into emerging market debt could signal an opportunity for other schemes following the summer sell-offs, but advisers have warned that choosing the right countries and managers is critical.
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Minimum wage hike threatens employer contributions
Pension provision could suffer under the higher minimum wage being introduced next year as employer industry bodies say companies are looking at the wider rewards package in an attempt to claw back costs.
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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.