All News articles – Page 287
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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Premier Coffee's AE staging met by radio silence
After a year preparing for auto-enrolment, Costa franchise Premier Coffee did not receive a single follow-up enquiry from its 120 eligible staff, and only a handful of opt-outs, demonstrating the engagement challenge facing UK employers.
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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.
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Coal ditches surplus-sharing to stabilise pension increases
The British Coal Staff Superannuation Scheme has announced pension increases for its members, as it ends the surplus-sharing arrangement established after the privatisation of the scheme's employer in 1994.
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How Devon is approaching its alt equity smart beta strategy
Devon Pension Fund has set out its approach to its mixed alternative equity index, using the smart beta strategy as a middle way between active management and the fund’s large passive allocation.