All News articles – Page 278
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News
Fear of 'pensions implosion' raised as NAPF annual gathering kicks off
NAPF 2015: Delegates at the National Association of Pension Funds 2015 Annual Conference heard a tale of two halves from outgoing chair Ruston Smith in his opening address today.
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NewsNew name, new game for UK pension fund association
NAPF 2015: The National Association of Pension Funds used its annual conference to unveil a rebrand aimed at staying compatible with the radical shifts underway in the UK pensions landscape.
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Developed markets show strength as hunt for yield changes course
NAPF 2015: Disappointing economic recovery, low inflation and rock-bottom interest rates but rising asset markets are what pension funds can expect over the coming years, JPMorgan’s chief market strategist Stephanie Flanders said at the NAPF Annual Conference 2015 on Wednesday.
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News'Pointless' legislation risks trapped surpluses if schemes fail to act
Defined benefit scheme trustees must pass a resolution ahead of April 2016 if they wish to retain their current power to repay surpluses to their employer sponsors.
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VWV boosts membership 13% through DC and savings platform
Law firm Veale Wasbrough Vizards increased both staff contributions and active membership of its pension fund after a scheme overhaul allowed members to view their Isas and investments alongside their pensions.
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NewsCourt rules same-sex pension benefit ceiling to remain
News Analysis: Schemes dodged a potential £3bn cost hike this week, as the legal position on the equalisation of pension benefits for same-sex partners withstood further challenge in the courts.
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DC needs to raise commitment without scaring members
The success of defined contribution is hanging on the ability to drive up contributions while keeping members on side with pension savings, as data show it risks falling short of delivering adequate retirement incomes.
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Existing ties still a powerful influence in fid man appointments
Competition for fiduciary management has been bolstered by a rise in open tenders but existing relationships continue to be a dominant driver behind schemes’ choices and questions remain over the value of the approach.
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NewsOsborne's wealth funds target LGPS cost savings to boost infra
Chancellor George Osborne pushed local authority scheme collaboration forward this week by declaring they would be pooled into six 'British Wealth Funds' as part of a plan to ramp up infrastructure investment and reduce scheme running costs.
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How much should you channel members’ ethical views?
Any Other Business:It is natural in a democratic society to expect your voice to be heard. In pension schemes this is channelled through the member-nominated trustee, but when it comes to seeking your members’ views, how much is too much?
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Advisers flock to Nest but micro employers slow to arrive
Mastertrust Nest has experienced increased take-up of its professional services online hub in the run-up to the biggest waves of auto-enrolment stagers next year, but micro employers’ preparations are still lagging behind expectations.
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How fiduciaries can get a handle on climate change
News analysis: Disclosures on fossil fuel investments by local authority schemes have demonstrated the tension between managing the material risks of climate change and upholding fiduciary duty to members.
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FCA targets lifestyling laggards in latest consultation
Employers and providers are being compelled to address the suitability of default 'lifestyling' strategies in defined contribution schemes as part of a wider consultation by the City watchdog to improve the pension market for consumers.
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Isa set-up fails to win over pensions crowd
The industry has broadly rejected a wholesale shift of the current pension tax system towards an Isa-style approach, but some have woven together several ideas in an attempt to better incentivise saving.
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Can DC indices help savers reach their retirement goals?
Analysis: Defined contribution pension schemes could learn from their big brother defined benefit – one lesson being how to calculate liabilities and match them with savers’ assets.
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NewsAsset insourcing saves LPFA 75% on fees
FT Investment Management Summit: The London Pensions Fund Authority could run as much as half of its assets in-house within the next three years, cutting the fees charged on those assets by three-quarters.
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Welsh funds reach impasse on asset-pooling plans
Welsh local authority pension funds have made progress on mapping the road towards pooling their assets, but along with their peers are awaiting further details on the criteria around governance, size and cost.
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Regulator retreats from insolvency trustee appointments
Insolvency practitioners working for schemes' troubled sponsors are being encouraged by the Pensions Regulator to take the initiative in appointing trustees, which in many cases could shorten Pension Protection Fund assessment periods.
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Pension dashboard could 'fail in its objective'
Pension dashboards enabling savers to view their retirement assets in one place are set to become a reality, but commentators have questioned how they will be funded and some fear they could do “more harm than good”.
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Employers need government support to lead on engagement
Workers yearn for employer guidance on pensions but still lack understanding, leading some experts to call for the government and pensions industry to help employers use their influential position to promote saving.