All articles by Nick Reeve – Page 14
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NewsPeople’s Pension wants UK asset ‘pipeline’ for £4bn private markets allocation
The People’s Pension plans to invest up to £4bn in private markets by 2030, including a “substantial” UK allocation – but this is reliant on sufficient assets becoming available.
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NewsMegafunds plans could thwart growth of collective DC, AMNT warns
Trustees have warned that the government’s drive to consolidate defined contribution pension schemes could lead to “herding” and a focus on reducing employer costs at the expense of member outcomes.
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NewsGovernment urged to ‘seriously reconsider’ LGPS proposals
Industry commentators have warned of challenging timelines to achieve the government’s plans for the LGPS, while significant improvements to funding call into question the need for reform.
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NewsSchemes get permanent exemption from derivative clearing rules
Pension schemes will not be required to trade derivatives through central counterparties after the government extended a regulatory exemption indefinitely.
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People NewsTorsten Bell appointed pensions minister as Reynolds gets economic role
Bell succeeds Emma Reynolds who has moved to a new ministerial role following the resignation of Tulip Siddiq.
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NewsDC megafunds won’t automatically boost infrastructure investment
The government’s plans to drive consolidation among defined contribution (DC) pension schemes must keep members’ interests at the centre, according to respondents to a key consultation.
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NewsPRA warns of ‘systemic risk’ building up in bulk annuity market
The regulator for insurers and banks has warned of “systemic risk” within the bulk annuity market as insurers compete for DB pension schemes’ business.
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NewsPension schemes have ‘learned key lessons’ from 2022 as yields rise
Investment professionals have played down the impact of rising bond yields on pension funds as the yield on the 10-year gilt hit its highest level since 2008 this week.
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NewsUtmost hires former Rothesay CFO to lead bulk annuity market push
Utmost Life and Pensions, one of the newest entrants to the UK bulk annuity market, has appointed former Rothesay Life chief financial officer Andrew Stoker as chief executive.
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NewsCompass takes a bite out of DB risk with £1.5bn buy-in
Food services company Compass Group has secured the “majority” of its DB scheme’s membership through a £1.5bn bulk annuity deal with Standard Life.
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NewsPrivate equity investors anticipate greater distributions in 2025
Anticipated cuts to interest rates could further improve the outlook for investors to realise gains from private equity, according to research.
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NewsLondon CIV, Church of England invest in social housing
London CIV and the Church of England have committed a combined £104m to a affordable housing fund.
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FeaturesHow to improve pension outcomes without a Pensions Review
Following the government’s decision to postpone the second phase of the Pensions Review, what can the industry do to improve pension outcomes without waiting for more legislation?
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NewsGovernment to review British Coal surplus arrangements
The trustees of the £8.6bn British Coal Staff Superannuation Scheme (BCSSS) are in discussions with government officials regarding the use of a £2.3bn reserve fund.
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NewsAirways Pension Scheme insures £340m of longevity risk
The £5.2bn Airways Pension Scheme has completed a longevity reinsurance transaction with insurers MetLife and Zurich.
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NewsNo compensation for WASPI women, says government
The government will not pay any compensation to women born in the 1950s and affected by the rise in the state pension age.
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NewsAdequacy stage of Pensions Review ‘delayed by Treasury’
The government has postponed the adequacy phase of its Pensions Review, according to reports, following significant recent increases to business costs.
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NewsRaise contributions to diffuse pensions ‘timebomb’, government told
The government must prioritise raising the default minimum level of contributions to defined contribution pension schemes, according to retail investment firm Tillit.
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NewsFCA proposes ‘targeted support’ for vulnerable pension savers
The Financial Conduct Authority (FCA) is considering giving pension providers the ability to provide “targeted support” to certain groups of people to help them make decisions about their retirement savings.
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NewsRegulators urged to collaborate on ‘targeted support’ for DC savers
The Pensions and Lifetime Savings Association (PLSA) has called for trust-based defined contribution pension schemes to be included in proposals to allow “targeted support” for savers.