All News articles – Page 306
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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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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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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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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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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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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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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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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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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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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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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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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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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.
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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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Members need push to use scheme calculators
The use of pension charges calculators to inform members has become the norm for pension funds, industry experts say, but member engagement is still low.
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Scheme grabs chance to hedge inflation risk
Marsh & McLennan Companies UK Pension Fund has increased its interest and inflation rate hedge for its defined benefit scheme, to help protect its funding position against fluctuations in rates.
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Economies of scale driver of scheme mergers
News Analysis: Local authority pension scheme mergers have gained importance throughout the UK as a way to decrease costs and provide economies of scale for investments, but experts warn it takes organisation to execute.