All Opinion articles – Page 70
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OpinionA once-in-a-lifetime opportunity to transform local authority pensions
The outlines are now becoming clear of what is probably the biggest shake-up in local authority pensions since their launch before the second world war.
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Opinion
What the latest IGC reports tell us
Analysis: For as long as the term 'independent governance committee' has been floating around the pensions industry there have been questions about how they will work.
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OpinionWhat does Iain Duncan Smith's resignation mean for pensions?
There was a big upset in Westminster over the weekend as former secretary of state for work and pensions Iain Duncan Smith resigned in protest over the chancellor’s latest round of benefit cuts.
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OpinionDoes your derisking strategy add risk?
From the blog: There is an analogy I like to draw involving something everybody knows: yoghurt. People have been happily consuming yoghurt for hundreds of years, but half a century ago people started to worry that too much fat was bad for their health.
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OpinionArtificial sweetener
Editorial: The Lifetime Isa announced in the Budget, while presented in a sweet wrapper marked 'help the young', is not easily swallowed by some, and not everyone agrees what the actual taste will be.
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OpinionBeware of chancellors bearing gifts
In Greek mythology, the city of Troy was put under siege for ten fruitless years before the Greeks had the brainwave of pretending to be defeated and sailing off, leaving behind just a large wooden horse...
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OpinionWhat a move to CPIH could mean for UK pension schemes
Analysis: A letter from the Office for National Statistics recently cast ripples of doubt over the future shape of UK consumer inflation statistics; a move to consumer price inflation including housing, or even a household inflation index could have far-reaching effects on UK pension fund benefits and liabilities.
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Opinion
How will Emir shape the way schemes use LDI?
Roundtable: Pension schemes have been granted a transitional exemption from having to centrally clear derivatives – a rule contained in the European Market Infrastructure Regulation – but the exemption will end in August 2017. How will schemes be affected and how are they preparing? In the third part of this roundtable series, Bestrustees’ Huw Evans, HR Trustees’ Giles Payne, Aviva Investors’ Rakesh Girdharlal, KPMG’s Simeon Willis, Cambridge Associates’ Benoît Jacquemont and P-Solve Asset Solutions’ Barbara Saunders discuss what the new requirement will mean for schemes.
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Opinion
Data crunch: Growth and diversity define the smart beta market
Supply and demand is the key to smart beta success, as multiple investment profiles continue to be the driving force behind the rapid growth of this diverse market, says Spence Johnson’s Magnus Spence.
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OpinionBuchanan: Government should close legal gaps to stop scammers
The Society of Pension Professionals’ Duncan Buchanan hopes the government will update pensions regulation as promised to ensure scammers are prevented from creating fraudulent schemes that trick the public out of their hard-earned savings.
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OpinionHow to prepare for legal and regulatory change
The pensions industry has undergone substantial legislative upheaval in recent years. DLA Piper’s Max Ballad outlines what trustees should be aware of and what their responsibilities actually are in the event of change.
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OpinionBuy-ins and buyouts: Always check under the bonnet
From the blog: Much like the former pensions minister, I too like shiny sports cars. If they have an enormous spoiler, personalised number plate and an attractive price tag, then so much the better.
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OpinionA pensions power struggle
Editorial: The chancellor has pulled another rabbit out of the red case. This time it’s a tame European breed: the ‘no change on pensions tax relief ahead of the referendum’ kind.
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Opinion
What about cash flow: Balancing LDI and growth assets
Roundtable: Liability-driven investment can tie up a lot of cash. In the second part of this roundtable series, Bestrustees’ Huw Evans, HR Trustees’ Giles Payne, Aviva Investors’ Rakesh Girdharlal, KPMG’s Simeon Willis, Cambridge Associates’ Benoît Jacquemont and P-Solve Asset Solutions’ Barbara Saunders discuss if there is still room for schemes to absorb illiquidity.
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Opinion
Innovation within the charge cap
DC Investment Quarterly: Ever since defined contribution funds have had to demonstrate value for money to members, they have sought to drive up performance of the investment strategy while controlling volatility.
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OpinionHow to access private market investments
Mercer’s Tobias Ripka looks at how schemes can use private market investment to achieve their objectives in a highly volatile market environment.
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OpinionPPF: Don’t delay GMP reconciliation
The GMP reconciliation deadline is looming, and where schemes fail to reconcile data, liabilities could increase unnecessarily. The Pension Protection Fund’s Chris Parrish says where schemes in PPF assessment can seek help.
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OpinionEurope and pensions – where things are headed in the next three years
Matthew Connell from insurance company Zurich says not even pensions products can avoid the legislative pull of the European Union, whether the UK stays or goes.
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OpinionAnd the nominees are…
Editorial: Leonardo DiCaprio finally collected his first Oscar for best actor at the recent Academy Awards ceremony, but in our view the red carpet should not just be reserved for Hollywood greats.
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Opinion
Has LDI become too expensive?
Roundtable: Derisking in an environment of low interest rates makes liability-driven investment look expensive, but is it? In the first part of this roundtable series, Bestrustees’ Huw Evans, HR Trustees’ Giles Payne, Aviva Investors’ Rakesh Girdharlal, KPMG’s Simeon Willis, Cambridge Associates’ Benoît Jacquemont and P-Solve Asset Solutions’ Barbara Saunders discuss what makes the decision to hedge so difficult.