All News articles – Page 270
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Collaboration key to DB liability challenge, experts say
NAPF Investment Conference 2015: Experts have called on the industry to focus on collaboration and technology to address the “£2tn problem” of defined benefit pension liabilities.
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Dynamic allocation is the smart approach to sub-cap DC, say experts
NAPF Investment Conference 2015: Experts debating the challenges posed by the charge cap have backed the use of dynamic asset allocation and volatility triggers in low-cost defined contribution strategies.
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FCA chief: everybody has a role to play in achieving good outcomes
NAPF Investment Conference 2015: The chief executive of the Financial Conduct Authority has warned about the importance of delivering the pensions reforms to overcome “one of the defining challenges of our age”.
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NAPF launching scheme guide to investment management agreements
The contractual relationship between trustees and their asset managers will come into focus in a new guide to investment management agreements, being launched by the National Association of Pension Funds tomorrow.
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Committee compels next government to consolidate pension oversight
The Work and Pensions Committee has this week called for a dramatic overhaul of the industry’s current regulatory frameworks.
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Derisking market outpaces earlier estimates, topping £35bn
At £35bn, 2014's record derisking activity has exceeded initial estimates, a report has found, with experts also predicting a changing view of longevity will bring sustained market growth.
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Industry mulls impact of Labour drawdown cap pledge
Analysis: Experts have raised questions about a possible cap on drawdown charges proposed by Ed Miliband last week, as the industry braces itself for the reforms and an uncertain general election outcome.
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BPI targets cost savings with CPI move for pension payments
British Polythene Industries has become the latest scheme to tackle growing liabilities by switching the pensions-in-payment calculation to the consumer price index from the retail price index.
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Why the regulator will not publish a definitive list of AE schemes
The industry has given a mixed response to the Pensions Regulator’s decision not to publish a list of auto-enrolment schemes available to smaller employers, with some suggesting it could do more.
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Deficit quadruples for Johnson Service scheme
Johnson Service Group has seen its defined benefit scheme deficit more than quadruple after a reduction to the discount rate and the closure of the scheme to future accrual.
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Kingfisher puts trivial commutation on ice to focus on member data
Kingfisher Pension Scheme has said it is holding fire on a trivial commutation derisking drive to focus instead on data cleansing, while research shows 83 per cent of members would consider such a transfer.
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Webb calls for pensions dashboard within two years
Pensions minister Steve Webb last week called on the next government to implement a combined state and private pension statement within the next two years that also incorporates aspects of pot-follows-member.
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FCA bolsters transfer protections in home-straight to April
The Financial Conduct Authority has tightened rules around advice on transfers out of defined benefit in its third announcement this week, as the April reform deadline approaches.
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Pressure for transparency builds as City watchdog loads on demands
The Financial Conduct Authority delivered a defined contribution charges double-whammy this week with the release of its final rules for the default fund charge cap plus a call for evidence on the disclosure of transaction charges.
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Rentokil sets up escrow as funding level tips into surplus
The Rentokil Initial Pension Scheme has set up an escrow account to prevent employer contributions becoming trapped in the scheme, after its funding level reached surplus.
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How the MNRPF ruling affects your scheme-employer balance
Legal experts have said a High Court ruling charts new territory for employer covenant rules and clarifies the position of members with a final salary link, as regulators balance the needs of employers and schemes.
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Do regulator and PPF need their heads knocked together over 'last man standing'?
Problems could lie ahead for schemes seeking to qualify as last man standing when completing annual scheme return forms.
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Data suggest schemes would rather fail conventionally than break from herd
Fear of being alone in making a mistake is driving pension funds to knowingly follow ineffective manager recommendations from investment consultants, according to academics.
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Aon lifestyling failure leaves members exposed to risk assets
Twenty defined contribution pension schemes administered by Aon Hewitt have seen delays to their members’ derisking strategies, leaving them exposed to risk assets for up to four years longer than intended.
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DB mastertrusts grow but funding risks drag on demand
Competition is growing in the defined benefit mastertrust market as providers promise the benefits of scale, but experts have urged employers to be mindful about the risks of these structures.