All News articles – Page 307
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NewsCharity bears brunt of AE contributions
Action for Children has said it chose to place a greater burden on itself than employees when setting its auto-enrolment contribution levels, in a drive to create fairness.
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YMCA launches derisking strategy to improve funding level
YMCA Pension Plan has launched a derisking strategy to match “more closely” its allocation approach and liability profile, and has appointed a delegated manager to oversee nearly all of its portfolio.
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NewsSchemes more open to exploring construction risk
Infrastructure debt investment in projects with construction risk such as private finance initiatives and public-private partnerships are gaining traction among pension funds, after initial scepticism.
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Poor data impeding derisking plans for smaller schemes
News analysis:Industry experts have said schemes with poor-quality information should not be put off derisking, following recent research showing many funds feel stifled by inadequate data.
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Rentokil reports 4% opt-out rate in first AE wave
Rentokil Initial has revealed just 4 per cent of workers in its first auto-enrolment tranche have opted out since May, making it one of the lowest rates reported within the private sector.
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What the ABI’s annuity tool means for your scheme
The Association of British Insurers' annuity comparison tool has been welcomed as a step forward for transparency, but experts have said more can done to get members the best deal.
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NewsTfL weighs up fee bump from strategy shift
TfL Pension Fund had its investment management expenses increase by almost a fifth in the year to March, partly due to a strategy shift that added eight investment managers.
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NewsHow BBC scheme cut £750m off its funding deficit
The BBC Pension Scheme has chipped an estimated £750m off its funding shortfall by reducing its allocation to equities over the past 10 years and increasing employer contributions.
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NewsAxa ups benefit in final deal on DB scheme closure
Axa has confirmed it will close its UK defined benefit scheme from next month following a review, with current members receiving additional pension payments under the final agreement.
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Sponsors driving fid man switch to reduce risk
Employers have more influence on the decision to introduce fiduciary management than other investment decisions, experts have said, as a recent survey shows more schemes are looking to increase delegation.
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Pressure grows for improved default fund standards
News analysis: Focus on the design of default funds has sharpened following government and industry plans to explore new minimum standards, but the process presents challenges, industry experts have said.
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Chiltern funds target £2.5m merger saving
Oxfordshire, Buckinghamshire and Berkshire councils are in preliminary talks about merging their pension funds in an attempt to save £2.5m a year, as more local authority schemes club together to reduce costs.
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How to protect your scheme against payment errors
News analysis: Legal experts have warned that schemes and employers could face paying out large sums to members due to incorrect pension estimates, with requests for advice on the issue increasing.
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NewsLaw firms poised for 2014 AE capacity crunch
An eightfold rise in the number of employers reaching their auto-enrolment staging date next year could leave many of them struggling to find the appropriate legal advice to complete the process, industry experts have said.
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NewsScottish state pension 'triple whammy' fears
Shadow pensions minister Gregg McClymont has said Scotland’s state pension provision will be hit by a demographic “triple whammy” should the country vote for independence next September.
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Employees stick with schemes after auto-enrolment
News analysis: Regulatory and government reports on auto-enrolment find good progress has been made in employee engagement despite a small section of the UK’s largest employers facing investigation.
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Fidelity appoints PTL for mastertrust governance
Fidelity Worldwide Investment has appointed PTL as the professional trustee of its mastertrust in a move that will see the governance of the scheme run independently, as employers look to manage potential conflicts of interest in the structure.
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Alternatives overtake equities as schemes diversify
Data analysis: Alternative investments were a clear favourite in the second quarter among pension schemes looking to property and infrastructure to diversify portfolios, investment data have shown.
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NewsWhat the CofE's Wonga stake means for responsible alternative assets
News analysis: The Church of England’s embarrassment over unknown pension investments in Wonga calls into question how responsible investment principles can be applied to alternative assets, such as private equity.
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Making good your scheme's common data shortfall
News analysis: The Pensions Regulator's annual record-keeping survey, released earlier this week, demonstrated a lack of awareness among smaller schemes of their data obligations, but also contained hints about how to repair administrative faults.