All News articles – Page 268
-
NewsSaga shows dedication to DB with 10-year recovery plan
Amid the wider trend of scheme closures, over-50s specialist Saga has vowed to keep its defined benefit plan open to members, revealing details of a 10-year deficit recovery plan.
-
News
Warwickshire targets yield with infra double play
Alternatives maintained its status as a sought-after asset class in Q1 2015, according to data, as schemes continued to seek reliable income streams and inflation protection.
-
News
Shifting sands for tax rules bring threat of mid to high-earner exodus
Analysis: The double hit of a reduced lifetime allowance alongside proposed changes to tax relief could accelerate the move of higher earners, and some middle earners, towards alternative savings vehicles, experts predict.
-
NewsJohn Lewis deficit swells by £250m, steadfast on strategy
John Lewis Pension Scheme’s deficit has risen by close to £250m since the start of 2014, but the company plans to stick to its strategic counter-measures agreed earlier this year.
-
News
Cultural norms could inform UK DC outcomes, PPI report shows
The Australian experience of defined contribution indicates UK pensioners could deplete their retirement pots too early, a report warns, but experts say what we can learn from overseas systems is limited.
-
News
Council fund pins impact allocation to health and employment projects
Waltham Forest Pension Fund has begun drawing down its impact investment mandate into a range of projects, as pension schemes increasingly measure the social and environmental effects of their decisions.
-
NewsTesco succumbs to DB burden, schemes urged to monitor covenants
Loss-making supermarket giant Tesco took a further step towards ending its defined benefit provision this week, as it began formal discussions to close to new members and future accrual.
-
News
LGPS funds feel the pressure as local pension boards get off the ground
Public sector pension funds are under pressure to compile their pension boards ahead of the August 1 deadline, but some report being “stretched” by the wait for guidance on the reform.
-
News
NAPF call for pension commission wins support, practical barriers remain
Industry experts have backed the National Association of Pension Funds’ call for a long-term plan to protect savers’ interests, but question the viability of extricating pensions from politics.
-
News
Battle of growth v consolidation in DC market
Pension providers should cut costs by close to a third to capitalise on opportunities in the UK’s defined contribution market, a white paper has said, but consultants questioned the potential for new market entrants.
-
NewsManx Telecom calls time on DB, offers suite of DC options
Communication company Manx Telecom eased the closure of its defined benefit scheme last year by providing members with a range of alternative defined contribution options, alongside a new sharesave scheme.
-
News
SME auto-enrolment prep work exceeds industry expectations
A third of small employers staging in Q1 signed up six months or more ahead of their deadline, but experts have said this encouraging picture could change as micro-employers get set to auto-enrol this summer.
-
News
University trust liabilities could rise by a quarter
University self-administered trusts could face a sharp rise in the value of liabilities, industry experts have warned, sparking calls for a review of the sector’s risk exposure and possible consolidation.
-
News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
-
News
Essex latest pension fund to commit to direct lending
Essex Pension Fund has become the latest to introduce an allocation to direct lending into its alternatives portfolio, as scheme interest in the asset class ratchets up.
-
NewsLabour pushes for long-termism among pension fund investors
The Labour Party manifesto pledged to force pension fund investors to disclose how they vote on remuneration, as part of a wider move to “improve the link between executive pay and performance”.
-
News
How to get the best for your scheme in M&As
Any Other Business: Last week, oil giant Royal Dutch Shell announced plans to buy rival BG Group for £47bn and is widely predicted to be the first in a swath of deals across the sector.
-
News
Smaller employers begin to see wider advantages of AE, challenges remain
More than half of small businesses have a positive view of auto-enrolment once they complete the staging process, research has shown, but experts say navigating its complexities will continue to burden many employers.
-
News
Johnston Press DB recovery to net 25% of sold sponsor assets
Johnston Press Pension Plan has agreed a revised recovery plan with its sponsor, entitling it to a chunk of the proceeds from the sale of company assets, to help plug its rising deficit.
-
News
Electrocomponents reboots recovery plan to quell DB deficit
An electronics company pension scheme has agreed a new recovery plan and increased member contributions as its deficit more than doubled in an 18-month period, in part due to longevity risks.