All News articles – Page 264
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NewsNational Trust DB scheme closes to future accrual after deficit jump
Conservation charity the National Trust is closing its defined benefit scheme to future accrual following a large increase in the deficit, but the union is considering further action to reopen negotiations.
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Three graphics on how DB strategies pose risk to employer growth
Data analysis: Many large FTSE 350 defined benefit schemes are taking "a surprisingly high level of risk" in their investment strategies in spite of the Pensions Regulator's increased focus on sustainable growth, a recent report has warned.
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Out of reach: How can we close the trustee skills gap?
Any Other Business: If you’re reading this as a trustee and wondering why so many questions are being asked about the future of the role, chances are you’re among the fraction receiving ongoing formal training.
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High-earner tax relief threat poses new challenge for employers
News analysis: Scrapping tax breaks for high earners could present a communication challenge for trustees, as the government weighs up ideas for potentially radical reforms of the current pension tax relief system.
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NewsJuly's top stories in 3 minutes
In this inaugural Pensions Expert Vizcast, editor Maxine Kelly and senior reporter Tom Dines provide a whistle-stop tour of the month's most significant news and case studies, covering derisking exercises and the Summer Budget (3:10).
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LGPS sharpens focus on collaboration as consultation looms
News analysis: Local authority schemes are poised for the outcome of a consultation on collaboration which could compel them to pool their investment assets to save on costs.
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NewsIs engagement keeping pace with pension participation?
Data analysis: Half a million. That’s the figure by which the Pensions Regulator underestimated the total number of small and micro employers that would have to complete auto-enrolment – nearly 40 per cent higher than the original 1.3m forecast.
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NewsWhat your scheme could learn from the PPF's approach
The Pension Protection Fund has further increased its scheme funding level to 115 per cent and experts have said other defined benefit schemes could adopt its risk management approach to improve their results.
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NewsHow schemes should react to Carney rate rise hint
News analysis: The Bank of England has bolstered expectations of a rate rise by the end of the year and schemes should consider their position ahead of any change, experts have said.
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Lothian targets income in global equities
Lothian Pension Fund upped its allocation to lower-risk global equities last year aiming to target a regular income from growing dividends, as schemes battle to find attractive yields at a fair price.
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Regulator lists assured mastertrusts to help small employers
The Pensions Regulator is ramping up its efforts to help guide small and micro employers through auto-enrolment and has published a list of approved mastertrusts, as 1.3m organisations prepare for their staging dates.
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DB funding snapshot signals need for further hedging
Data analysis: Defined benefit schemes’ aggregate funding ratio rose slightly to 84.8 per cent in June, according to data, but experts say schemes should further hedge liabilities to buffer against underlying volatility in the bond markets.
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NewsStamp dealer takes adviser to task over admin issues
Stamp trader Stanley Gibbons sought redress from a former adviser after issues were raised concerning the company’s scheme rules, a move that has cost the scheme £1.7m in legal fees.
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Housing trust ups DC monitoring to squeeze out further value
News analysis: London & Quadrant Housing Trust has commissioned a further review of its defined contribution strategy after an earlier member segmentation exercise led to cost savings and lower risk for members.
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EU banking directive brings risks to schemes' derivative contracts
Schemes with liability-driven investment strategies should review counterparty creditworthiness, say lawyers, as a new EU directive has granted national authorities the power to suspend schemes’ contractual rights with struggling banks.
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NewsFCA pays out £200,000 after benefit error
The Financial Conduct Authority has paid £200,000 to members of its own staff scheme after discovering benefit calculation errors affecting more than 1,200 employees.
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NewsIndustry left reeling by latest pension tax proposals
Summer Budget: Chancellor George Osborne today unveiled a green paper proposing a significant overhaul of the current pensions tax relief system, going beyond what the industry had expected and acting as a harbinger of further radical reform.
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Proactive SMEs could still face auto-enrolment compliance headwinds
Marketing and communication consultancy JPES Partners is ahead of the wider SME curve in providing a pension scheme to its employees but work remains to ensure auto-enrolment compliance ahead of the company’s staging date.
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Opening the kimono: Should your scheme be sharing its best practices?
Any Other Business: When we started this feature a year ago this week, its aim was to help trustees get to grips with the more oblique aspects of their role – from how to negotiate the best deal for your scheme in a merger, to what happens if you need to fire a fellow trustee.
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Environment Agency fund shares five-point ESG selection test
Environment Agency Pension Fund has detailed the five-point criteria it uses to assess managers for its responsible investments, as it awards £180m to a global sustainable equity mandate.