All News articles – Page 289
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United Utilities: charge cap could shield members
United Utilities' pension manager has voiced support for a cap on fees as it would protect default fund members from the decisions of their smaller and potentially less well-informed employers.
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How to tackle index cloning in your active equities
News analysis: Schemes have been urged to closely monitor the investment strategies and risks taken by their active managers as new research shows nearly half of such UK managers are closet indexers.
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NewsShropshire boosts passive equities to reduce costs
Shropshire County Pension Fund will become the latest local authority scheme to increase its passively managed equity allocation in order to reduce its investment management fees.
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How Berkshire is reducing volatility in African investments
News analysis: The Royal County of Berkshire Pension Fund has sought safety in spreading its African investments across the continent, in an attempt to reduce volatility and boost returns.
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Why preparation might not be so crucial to buyout
News analysis: Schemes have been urged to get prepared for bulk derisking deals to benefit from affordability improvements, but one provider has said the necessity of preliminary work is often “overemphasised”.
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NewsInvestment peaks as schemes buy cheaper gilts
News analysis: UK pension funds hit a record of £17bn of net investments during the second quarter, largely as a result of schemes taking advantage of lower bond prices, according to data from the Office for National Statistics.
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Schemes face annual allowance rush to avoid fines
Schemes must inform members if they have breached the annual tax relief allowance in 2011/12 and 2012/13 by October 6 or face penalties from HM Revenue & Customs.
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How the OFT report affects your scheme
The Association of British Insurers will audit contract and bundled schemes at risk of being poor value for members, following the Office of Fair Trading’s investigation into the market.
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NewsCadbury shuffles fixed income to improve efficiency
Cadbury Pension Fund has increased its allocation to alternative credit in a restructure of its fixed income portfolio.
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High AE engagement from young not enough, industry says
News analysis: Young people have been more accepting of auto-enrolment than their older colleagues, official data have shown, but industry figures have warned against complacency over retirement saving.
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NewsHow Molson Coors built flexibility into its default
Molson Coors UK Pension Plan has chosen dynamic asset allocation for its default fund to more effectively respond to market fluctuations.
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Tesco ramps up in-house investment governance
Tesco Pension Fund chose to follow its internal investment team's advice over that of its consultant when choosing an alternative fund, reflecting how large schemes are moving investment governance in-house.
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Local govt funds swap 'Care' title to explain reform
Local government pension schemes have decided to use ‘account’ rather than Care when communicating their reformed scheme structure to avoid negative associations.
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How competition affects derisking opportunities
News analysis: Reduced competition in the derisking market could limit value for schemes despite opportunities from rising gilt yields, Leadership summit delegates heard, while other market experts defended prices.
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Whitbread: spike in non-eligible employees saving after AE
Whitbread has seen an increase in the number of employees that were not eligible for auto-enrolment joining its pension scheme since it began communicating the reform.
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BofA scheme boosts member engagement to give greater retirement certainty
Bank of America Merrill Lynch UK Pension Plan has upped member engagement through online tools that enable workers to make changes to their pension plans, to give them greater certainty over their retirement income.
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How to close your scheme's comms gap
News analysis: Employers have been urged to better educate staff about their workplace pension plan, as new research has found more than a third of employees are still unaware of auto-enrolment.
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Default fund strategies must home in on member outcomes
Defined contribution schemes should pay more attention to the retirement objectives of their members rather than the market benchmark when assessing the effectiveness of their default strategy, according to a report.
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NewsStrathclyde keeps local focus for property investments
Strathclyde Pension Fund has established a property fund that will make investments of less than £10m in local commercial real estate.
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NewsKodak deal captures new age of sponsor-scheme creativity
News analysis: Purchasing assets from insolvent sponsors could become more common for schemes looking to secure member benefits, according to lawyers working on the Kodak case.