All News articles – Page 284
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Essex mulls delaying SME rep election as reform hits
Essex Pension Fund is considering extending the tenure of its smaller-employer representative, allowing time for the government to provide more clarity on local government scheme governance changes.
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NUJ to appeal ombudsman ruling over BBC pensionable pay cap
The National Union of Journalists will appeal the pensions ombudsman’s determination that the BBC's pensionable pay cap did not breach its obligations, as more employers look to such tools to derisk schemes.
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Consultant-provider collaborations create AE quandary
News analysis: Employers and schemes approaching auto-enrolment face a unique governance challenge as consultants and providers club together to provide off-the-shelf products, with industry commentators raising questions on independence and cost.
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Scheme valuation process 'broken', consultants say
Industry figures have called the triennial valuation process poorly suited to help schemes assess their needs, with technological advances allowing trustees to instantly assess their scheme’s funding level.
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Ombudsman decision underscores record-keeping risk
Schemes have been urged to record benefit decisions after a determination by the pensions ombudsman found against trustees that had not properly documented a resolution to cease discretionary increases.
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European investors hunt alternatives to diversify growth assets
Data analysis: Fixed income attracted the most money from European investors last year, but alternatives won on future allocations as schemes look to derisk and diversify portfolios.
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FCA review prompts calls for trivial commutation increase
Industry figures have called for an increase to the trivial commutation limit after a Financial Conduct Authority report found small-pot holders were more likely to get a bad annuity deal.
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Civil service schemes centralise admin to boost engagement
The civil service pension schemes are moving the administration of their active, deferred and pensioner members to a single system to reduce costs and increase member engagement.
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Regulator's DC self-assessment tool gets cautious welcome
Industry figures have welcomed the governance 'nudge' provided by the Pensions Regulator's self-assessment tools, but questioned whether schemes can hold themselves to account.
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Charities await guidance to reduce liability squeeze
Not-for-profit employers that belong to multi-employer schemes are waiting for further guidance on dealing with debt risk that could trigger insolvency.
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NewsRSPB sees 17.5% opt-out in 'mixed' AE response
The bird protection charity RSPB has revealed a 17.5 per cent opt-out rate since auto-enrolment in November, as smaller organisations start to push up the proportion of workers declining workplace saving.
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How the pension fraud action group will tackle scam increase
The Pension Liberation Industry Group will develop a code of practice on pension transfers to protect trustees, as liberation schemes find new ways of targeting members.
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Lloyds derisks to stabilise scheme funding
One of Lloyds Bank's defined benefit pension funds has increased its allocation to bonds in an effort to boost stability, as European regulation puts pressure on bank sponsors to reduce volatility.
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Schemes back diversity to ride out EMD volatility
Scheme investors are trusting diversification and long-term value in emerging markets to weather current volatility, as Pensions Expert’s emerging market debt survey again picks Mexico as the most attractive nation in which to invest.
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Annuity brokering grows as managers seek value for savers
News analysis: Nearly half of schemes have or are planning to put in place annuity brokering services for their members, but experts warn this may not be enough to achieve value at retirement.
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Data analytics use on the rise to inform investment decisions
Four in five institutional investors have increased the use of data analytics in the past three years to inform investment and risk-management decisions, and to meet tougher regulatory requirements.
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Compliance concerns prompt employers to rethink AE providers
News analysis: Some large employers are considering switching their auto-enrolment provider as their administration needs are not being met, fanning a growing secondary market.
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Equity market growth sees schemes rerisking
Data analysis: Schemes were rerisking in the last quarter of 2013 as they sought to benefit from rising equity markets to improve their funding levels.
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How to build the pension income builder
News analysis: Industry experts have been exploring how the government’s preferred risk-sharing scheme design could work in practice, whether through a not-for-profit, mutual or insurance provider set-up.
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Only seven in 10 DC members use the default
Data analysis: Fewer defined contribution members than expected are invested in default funds, new figures have shown, but experts anticipate this to increase as auto-enrolment continues to roll out.