All News articles – Page 292
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APPT: changes needed to combat liberation fraud
Changes to legislation could help prevent pension liberation fraud and take the burden off trustees, the Association of Professional Pension Trustees has said, as reports emerge of increased fraudulent activity.
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Solvency rules 'unlikely' to pass even after EU changes
Delayed solvency requirements under a new Institutions for Occupational Retirement Provision directive are unlikely to be passed, even after legislative revisions and changes to the European Union, according to new research.
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NewsTrinity Mirror sizes up target date fund default
Trinity Mirror is to launch a staff survey to find out whether target date funds are appropriate to all of its employees as the company approaches auto-enrolment.
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Royal Mail annuity broking gets almost total member take-up
Members of the Royal Mail Defined Contribution Plan have welcomed the scheme’s decision to default at retirement into an annuity broking service to maximise their retirement income.
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NewsPearson introduces three lifecycle options to increase choice
Pearson Group Pension Plan has replaced the default option of its money purchase section with three lifecycle options designed to provide a wider range of investment and decumulation strategies for members.
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NewsKodak deal could 'set precedent' for benefit change
News analysis: The technique used to save the Kodak Pension Plan’s sponsor from insolvency could set a precedent for schemes and employers wanting to change members’ benefits to reduce risk.
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Why the Hastings-Bass ruling could protect trustees
News analysis: Schemes and their advisers do not have to fear a Supreme Court judgment that has been predicted to make it harder for trustees to rectify mistakes, lawyers have said.
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CDC working group studies Dutch and Swedish schemes
News analysis: The government’s collective defined contribution working group has studied European models to potentially bring to the UK, but pension professionals have questioned employer appetite for the benefit structure.
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Lothian to reduce 'suboptimal' market cap exposure
The Lothian Pension Fund is to reduce its reliance on market capitalisation-based equity indices and increase investment in global portfolios, in order to boost performance and reduce volatility for members.
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NewsWhat Heineken's SIP tells members on investments
The statement of investment principles laid out by Heineken for its contract-based defined contribution scheme includes its governance committee’s investment beliefs, their working practices and the funds on offer to members.
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SPC: Pot-follows-member a 'breeding ground' for fraud
The government’s pot-follows-member proposals threaten to “overstretch” the industry and expose members to greater risk of pension liberation fraud, if introduced at the peak of auto-enrolment in 2014, the Society of Pension Consultants has warned.
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Now Pensions U-turns on sharia fund for members
Now Pensions has reversed its decision not to launch a sharia option, in its concern to avoid alienating members with a preference for Islamic investment, following auto-enrolment.
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Three out of four schemes to mitigate volatility
The use of volatility-reducing strategies has increased as schemes look to dampen the impact of current market conditions on portfolios, according to investment data.
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Wandsworth eyes collective investment lead
Wandsworth Council Pension Fund has set its sights on leading a London-wide collective investment vehicle to drive down costs, rather than a forced merger, pensions committee documents have revealed.
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How draft contribution rules impact your scheme
The Pensions Regulator's draft contribution requirements could have a significant impact on schemes and providers by pressuring them to help police employer contributions under auto-enrolment.
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Young people less likely to opt out, report confirms
Young people are more inclined to save for retirement than their older peers, experts have said, as a survey reveals that young employees are less likely to opt out of auto-enrolment.
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Survey: half of DC schemes failing investment duty
Data analysis: Consultants have raised concerns over a lack of investment focus from defined contribution schemes, after research found little more than half of schemes had recently reviewed their investment principles.
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EMD losing its sparkle as schemes value EM equities
The recent lag in emerging market equity performance compared with developed markets is luring pension funds to an asset class they see as cheap compared to its debt counterpart.
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Schemes turn to 'esoteric' ABFs to fill deficits
Schemes are being forced to be more creative in finding assets to back funding, industry experts have said, following deals using brands, intellectual property and whiskey.
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NewsBT launches review of lifestyle default
BT has commenced a review of its contract-based scheme with a view to potentially making changes to its default lifestyle option, as employers review their schemes in the light of auto-enrolment.