All News articles – Page 276
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Taskforce recommends social impact investment for DC
Defined contribution pension schemes should offer members the option to include social impact investments in their portfolio, a government-led taskforce has said, but consultants foresee barriers to take-up.
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Employers face increased pension loss payouts after NHS case
Employers may be liable to pay increased compensation relating to pension loss to employees dismissed unfairly, lawyers have warned, after a tribunal appeal found an earlier decision had miscalculated the sum owed to an NHS scheme member.
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How scrapping 55% 'death tax' could affect your DB scheme
Consultants have again predicted greater interest in transfers out of defined benefit schemes following the proposed removal of inheritance tax on pension pots, while others doubted the changes would have much impact.
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Budget flexibilities fail to spur DB transfer interest
Predictions that the Budget flexibilities would lure members out of defined benefit pension schemes have so far proved unfounded, as data show no uplift in the proportion requesting transfer value quotations.
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IBM adds cat bonds to mix as it diversifies return-seeking assets
IBM Pension Plan has invested £60m in catastrophe bonds as it decreases its exposure to higher-risk assets and focuses on investments that will provide a diversified source of return.
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What the ONS data tell us about contribution habits
Official data have shown employers with between 1,000 and 4,999 employees on average contribute more to their defined contribution schemes than their larger and smaller counterparts, as industry experts call for increased contributions.
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Warwickshire latest to dump fund after star manager departure
Warwickshire County Council Pension Fund has revealed it sold its assets in Baring Asset Management’s dynamic asset allocation strategy earlier this year due to the departure of the product’s manager.
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How devolution could affect your scheme
Scheme professionals have predicted devolved tax and welfare powers to Scotland, England, Wales and Northern Ireland could increase the cost of administering schemes which have members across the UK, though others doubt the impact.
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Kent banks £150m to take equity gains, predicting volatility
Kent Pension Fund has moved £150m of its equity holdings into cash and increased its allocation to property, as it seeks to capture gains ahead of anticipated volatility.
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Consultants call for more flexible DC retirement products
Industry figures have called for flexibility to be built in to defined contribution solutions, as the first post-Budget products aimed at members looking to draw down income at retirement reach the market.
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USS weighs in on active v passive debate
The Universities Superannuation Scheme has extolled the virtues of internal active equity management but criticised external managers for not consistently adding value.
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Tesco chooses cash flow matching over strategic asset allocation
Tesco Pension Fund has moved away from strategic asset allocations towards a risk-based investment strategy, which allows the scheme to get the right mix of assets to meet future cash flows.
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Three in four DB schemes sizing up post-Budget incentive exercises
Benefit consultants have reported that as many as three-quarters of their defined benefit scheme clients are considering incentive exercises to reduce their risks following the introduction of the Budget freedoms.
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Stock market growth leaves schemes running high equity risk
The equity market boom has left corporate pension schemes running an increasingly high amount of stock market risk, at a time when many are looking to derisk strategically.
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Corporate schemes catching public sector on infra
Corporate schemes are catching up with their public sector counterparts in accessing the illiquidity premium of infrastructure investments, taking an increasing share of a growing asset class.
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Industry looks for answers for low earners missed by AE
Industry experts have zeroed in on auto-enrolment eligibility and the ‘soft compulsion’ of the government’s workplace pensions reform as areas that could be improved to help close the retirement savings gap.
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Channel 4 looks to shut off DB accrual to quell deficit increase
Channel 4 plans to close its defined benefit pension scheme after its deficit more than tripled, having paused its consultation to give members a chance to understand the personal impact of the changes.
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Schemes eye forward rates to time hedge moves
Larger schemes are showing greater interest in using forward rather than spot rates to assess whether to increase their interest and inflation hedges, in order to gain a more accurate picture of fair value.
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How lifting Nest restrictions could affect the market
The lifting of restrictions on contributions and transfers to state-backed mastertrust Nest will make it more compelling for employers, but a rival mastertrust has called for oversight of its funding arrangements.
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Smaller schemes combine service provision to reduce legacy burden
Leading benefit consultancies have reported more small to medium-sized schemes are bundling services under a single provider in response to a growth in legacy arrangements and to benefit from economies of scale.