All News articles – Page 265
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Charity on board with AE early-mover advantages
A micro employer has set up a non-contributory auto-enrolment plan three years ahead of its staging date, as the Pensions Regulator steps up support for smaller businesses seeking a provider.
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Accountants issue scheme guide to revised recommended practice rules
The Pensions Research Accountants Group has issued a practical guide to help scheme practitioners fulfil new reporting requirements following last year’s revisions to the statement of recommended practice.
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NewsThe future of DC? Nest unveils retirement blueprint
Government-backed mastertrust Nest has outlined its plan for providing members with an income in retirement, but experts have said the proposals’ application to today’s defined contribution market is limited.
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NewsSmaller schemes take advantage of pooled funds in bumper year for LDI
Hedged liabilities grew to a record £657bn last year as medium-sized schemes flowed into pooled mandates, but experts have flagged a concentration risk from liability-driven investment's three dominant providers.
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NewsTUC calls for same-sex parity on survivor pensions
One in four defined benefit schemes do not treat same-sex and opposite-sex couples equally on survivor benefits and the TUC is pressing government to close the gap, which could cost around £3.3bn.
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NewsFindel forks out £2.3m to repair equalisation error
Findel Group Pension Scheme has paid more than £2.3m in past-service costs to make good an error in which a member benefit equalisation exercise was implemented incorrectly.
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Regulator talks tough as DC scheme governance falls short
Small and medium-sized defined contribution schemes are falling behind on governance compliance, Pensions Regulator research shows, with the watchdog vowing to use its powers where necessary.
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Home bias to UK equities has cost schemes, say experts
FTSE 350 schemes paid the price for a strong domestic equity bias during 2014, but it was a lack of protection in matching assets that damaged funding levels the most during the year.
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New peak for pension saving, focus turns to adequacy
Scheme membership has reached fresh highs among the UK population but industry experts are calling for greater government intervention to boost contributions and to stop individuals falling through the cracks.
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NewsTfL tunnels further into alternative credit
Transport for London pension scheme has moved further into alternative credit investments including mezzanine debt, as it seeks to diversify its fixed income portfolio.
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Environment Agency: Online registrants up, phone enquiries down
Environment Agency Pension Fund has seen a jump in online activity since upgrading its website as part of a wider overhaul of its communications strategy aimed at increasing transparency.
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Is your scheme safe from latent liabilities?
Any Other Business: In February 2002, the US secretary of defence Donald Rumsfeld gave his now-famous response to a question about the lack of evidence linking the Iraqi government to the supply of weapons of mass destruction.
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Norcros plugs deficit with suite of liability exercises
Kitchen and bathroom accessories group Norcros has plugged its scheme deficit by £1.7m through a series of liability management exercises, as pension funds see a further deterioration in funding levels.
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Charles Stanley seeks DB risk control via working group
Stockbroker and wealth manager Charles Stanley has created a working party to tackle risk within its pension scheme after reporting a £6.2m deficit increase.
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Employers await further guidance on scheme VAT rules
Employers will be hoping to benefit from VAT rebates on scheme services following HM Revenue and Customs’ latest guidance note, but pension lawyers have said further detail is needed on how to recover the tax.
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NewsPiP captures £131m for solar investment
The Pensions Infrastructure Platform has closed the first round of financing for its solar photovoltaics fund, as schemes continue to weigh the benefits of less familiar alternative assets such as renewable energy.
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NewsTreasury to consult on 'excessive' exit charges
The Treasury has today announced it will consult on easing pension transfers and capping the exit fees charged to pension savers looking to take advantage of the new flexibilities.
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FTSE 100 deficits feel pain of corporate yield slump
Schemes must reassess the case for increasing hedging activity, experts have said, as a £5bn increase in FTSE 100 deficits underlines the need for enhanced protections.
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Royal Mail posts £700m to options to deliver risk reduction
Royal Mail Pension Plan has invested £700m in an options mandate, as schemes increasingly explore derivative-based strategies to reduce risk while seeking growth.
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NAPF turns focus to value of workforce in company reporting
The National Association of Pension Funds has called for improved reporting on human capital in order to enhance investors' insight into companies' long-term growth, strategy and performance.