All articles by Nick Reeve – Page 30
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News
DB transfers falling as advice provision declines
On the go: The number of people transferring out of defined benefit pension schemes fell in the 18 months to the end of March 2020, according to new data from the Financial Conduct Authority.
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News
Kier schemes agree cut to deficit contributions as funding improves
The trustees of construction company Kier Group’s defined benefit pension plans have agreed a new payment schedule, to reduce sponsor contributions as the schemes approach full funding.
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News
Unison presses LGPS schemes to work harder on green transition
Workers’ union Unison has called for local authority pension schemes to back ‘green’ causes with dedicated funds as part of their increasing commitment to climate-aware investing.
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News
Police officers warn of age discrimination in McCloud remedy
The government’s proposed remedy for the McCloud/Sargeant age discrimination cases fails to address the issue in a “fair and non-discriminatory manner”, a group of police officers has warned.
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NewsUSS member satisfaction at ‘record low’ as contributions rise
Members of the Universities Superannuation Scheme are growing increasingly dissatisfied with their relationship with the scheme, its latest annual report and accounts show.
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Features
Camden grills manager as ESG pressure mounts
The £1.7bn Camden Pension Fund has placed one of its managers under review over concerns that it would not be able to comply with the scheme’s climate risk reporting requirements.
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News
USS warns of ‘complex’ issues in response to JEP report
On the go: The Universities Superannuation Scheme has welcomed reform proposals put forward by an independent panel, but has warned that the issues are “complex” and may take some time to resolve.
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News
CMA approves fiduciary performance measurement standard
On the go: The Competition and Markets Authority has approved a performance measurement standard to be used by fiduciary management providers.
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News
Elections 2019: Pension reforms expected after Tory majority
Sweeping pension system reforms are expected following the Conservative Party’s comprehensive victory in Thursday’s general election, with more powers coming for the regulator, a tax review for the higher and lower paid, and experts calling for more work on retirement adequacy.
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News
USS expert panel calls for dual discount rate in 2020 valuation
The Universities Superannuation Scheme Joint Expert Panel, set up to review the valuation of the scheme, is calling for a “dual discount rate approach” to the 2020 valuation, aimed at distinguishing between past and future accrual.
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News
Brunel appoints managers for £2.6bn alpha equity mandate
On the go: The Brunel Pension Partnership has appointed five managers to run a £2.6bn Global High Alpha fund for its 10 Local Government Pension Scheme clients.
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News
DB schemes move to formal long-term planning as regulation bites
On the go: Defined benefit pension funds are increasingly focusing on a long-term, formalised endgame or funding target, according to research by PwC.
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News
USS urged to consider expert report in next valuation
UK universities and staff have called for the UK’s biggest pension fund to ensure its 2020 valuation process fully considers a forthcoming report from an independent panel of experts.