All News articles – Page 273
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Inflation hedging on the rise with smaller scheme LDI
Inflation hedging activity saw a jump towards the end of last year as medium-sized schemes took advantage of favourable pricing, ahead of further inflation falls.
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How DC savers feel about their retirement options
Most over-55s would prefer a secure guaranteed income for life over all other retirement options, a survey has found, prompting calls for the government’s guidance guarantee to cater to this preference.
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Guidance questions leave employers wavering on workplace education
Industry experts have reported employer doubts over the effectiveness of the guidance guarantee, but have also predicted the service could act as a catalyst to review their financial education programmes.
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Uncertainty on IGC detail as providers get ready for April
Pension scheme providers are gearing up ahead of the April deadline to create independent governance committees, but are eagerly awaiting further details on how the arrangements will be run.
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How the staged, opt-in approach to PFM affects your scheme
The government’s plan for a staged, opt-in approach to pensions consolidation has divided the industry, with some calling the proposals pragmatic while others say they weaken a policy that may not survive the general election.
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Invensys blitzes liabilities with cash, PIE and closure plans
Invensys Pension Scheme has launched a three-pronged attack on its liabilities by offering defined benefit members cash for smaller pensions and the option of trading in pension increases on larger pots – while planning to cease all accrual.
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West Midlands plans online growth after web traffic more than doubles
West Midlands Pension Fund plans to develop its online member portal after further growth in traffic and member engagement, as digital communication becomes a mainstay of the sector.
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MNOPF: captive insurance longevity swap saved £10m
The Merchant Navy Officers Pension Fund has said the use of a captive insurance company halved the cost of its £1.5bn longevity swap, and opened the door for smaller scheme derisking.
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Half of DB schemes unsure how to tackle end of contracting out
Half of defined benefit schemes have not yet decided how they will deal with the end of contracting out, a survey of scheme decision-makers has indicated.
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Secondhand annuities could offer DB funds income, but pricing tricky
The pensions minister’s proposal to allow retirees to cash in annuities could suit defined benefit schemes eager to access the resultant long-term cash flows, but pricing “secondhand” annuities could be a sticking point.
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When it comes to expenses, trustees face having their belts tightened
Rolling into the office after 12 indulgent days of Christmas, trustees and scheme managers may be tempted to brighten up a gloomy January, but scheme expenses could be squeezed this year.
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Volunteering charity makes £2.9m deficit payment after property sale
London-based charity Community Service Volunteers has reported using the sale of property assets to reduce the risk posed by its pension deficit, as defined benefit schemes reach their lowest aggregate funding level in 18 months.
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Loud and clear: Vodafone and civil service among top comms stories
The past year has seen many schemes embark on communication drives to boost engagement, in the wake of auto-enrolment staging and the Budget reforms.
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Marine Harvest's trilingual roadshow keeps opt-outs in single figures
Salmon supplier Marine Harvest used boats, planes and cars to reach employees across the far reaches of northern Scotland, in a face-to-face auto-enrolment communication campaign that reflects the challenges faced by remote employers.
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Nest, M&S and Kingfisher in 2014's top post-Budget case studies
The chancellor's 2014 Budget in March sparked off a year of almost unprecedented change in pensions, seeing an immediate response from some employers on providing retirement flexibility.
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SABMiller, Wolseley and Findel in 2014's top AE stories
Auto-enrolment ramped up a gear in 2014 as the reform began to sweep up medium and smaller-sized employers, highlighting new challenges around how to ensure employers had the support they needed.
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NewsOmbudsman's RBS ruling builds pressure on scheme comms
Pension schemes have been encouraged to increase the pre-retirement education given to scheme members, after the pensions ombudsman found the RBS Group Pension Fund “failed in [its] duty of care" to one member.
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Berkshire makes co-investments to profit from food supply chain
The Royal County of Berkshire Pension Fund has announced investments in the global food and water supply chain, with a private equity mandate investing in two US start-ups driving sustainable consumption.
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NewsM&S weighs drawdown option for mastertrust members
Retailer Marks & Spencer is exploring offering drawdown to its defined contribution scheme members, as the industry readies itself for April's retirement flexibilities in a tough market for annuities.
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Doncaster takes low-rate £28m loan in novel move to fund scheme
Doncaster council has sought to turn the low interest rate environment to its advantage by taking out £28m in short-term loans to help fund its employer contributions to South Yorkshire Pension Fund.