All Opinion articles – Page 82
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Opinion
How the DC landscape will change in a 75bp world
It is generally accepted why there is a price cap. Bringing new savers into the complex and murky world of pensions always meant price would be a drum on which to bang the ‘value for money’ beat.
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Opinion
Regulator: 11 steps for smaller employers readying for AE
The Pensions Regulator has this week launched a new step-by-step guide to help small businesses prepare for their auto-enrolment duties.
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OpinionEditorial: Nobody got hurt. For now
Editorial: Despite the inevitable post-Budget hole-picking, you have to hand it George Osborne who did exactly what he set out to do in this year’s announcement. He must be feeling very smug.
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Opinion
Budget 2015: The industry responds
While not as earth-shaking as last year's historic gamechanger, yesterday's Budget included two important moves – the creation of a secondary annuity market and lowering the lifetime allowance to £1m from £1.25m.
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Opinion
Six ways to meet the needs of the DC generation
Talking Head: With the introduction of new pension freedoms, many savers in defined contribution schemes will have more ways of accessing their pension savings.
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Opinion
DC derisking needs a more personalised approach
The news that 20 Aon Hewitt defined contribution schemes have left members exposed to investment risk due to a lifestyling failure is clearly the result of an unfortunate blunder.
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Opinion
How to reconcile multiple appointments on governance boards
Any other business: In three weeks, the requirement for pension providers to form independent governance committees to monitor the effective running of contract-based schemes will come into force.
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OpinionHow current thinking on interest rates affects DB hedging levels
Derisking and the rise of the secular stagnation thesis – that interest rates might remain depressed as growth rates struggle to gain momentum – contributed to increased hedging activity over the past year.
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OpinionEditorial: Confronting liquidity risk
Appraisals from audience members exiting the auditoriums at last week’s National Association of Pension Funds’ investment conference was that the sessions were ‘interesting’ or ‘insightful’ – for some, so much so that they were fizzing with enthusiasm.
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Opinion
The case for cash: pension freedom and derisking
From April, savers will be faced with tough choices when it comes to drawing their pension: take the entire pension upfront, remain invested throughout retirement or buy a guaranteed income through an annuity.
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Opinion
Where employers can help fill the guidance gap
The Budget announced exciting and attractive individual choice at retirement, but greater flexibility demands better information and understanding to help make the most appropriate decisions.
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Opinion
Five steps for building a reform engagement strategy
As someone who works in the pensions industry I have been aware of every headline heralding the April 2015 reforms. But before we consider an appropriate strategy, let’s consider the average member.
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Opinion
How to max your active-passive mix while controlling cost
First, a word of caution: implementing the wrong investment strategy for your scheme over the long run could cost you considerably more than any perceived short-term savings from choosing typically cheaper passive management over active.
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Opinion
How collaboration could save LGPS £80m a year in fees
Talking head: In recent months we have been pleased to announce two major agreements with other local government pension schemes: a £10bn¹ asset-liability management partnership with Lancashire County Pension Fund and a £500m infrastructure investment programme with Greater Manchester Pension Fund.
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Opinion
Treasury: Support, but not pressure, for retirement reform
Talking head: The Treasury’s Andrea Leadsom outlines how it is working with the pensions industry to strengthen the Pension Wise support mechanism for members.
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Opinion
Editorial: Lessons learned
This is my last editorial for Pensions Expert and the last edition in which I have played a part, as I have moved on to fellow FT title Investors Chronicle.
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Opinion
Why trustees should pull together to focus on what matters
The Pareto principle states that 80 per cent of effects come from 20 per cent of the causes. In management terms this means a fraction of your efforts could have disproportionate outcomes.
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Opinion
DB-DC transfer requests will rise. Here is how to handle them
It had long been the case that transfers from defined benefit schemes were looked upon as being disadvantageous for all but a few.
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Opinion
Winner or loser? How DB funds should approach the new levy scorecard
Spence’s Alan Collins outlines the main changes to the PPF levy calculation methodology and says trustees should act as soon as possible.
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OpinionEditorial: Covering the gaps
Every good rugby team needs a full-back to watch for holes in the defensive line and, where breaches are made, to plug that gap – because breaches are inevitably made, even in the top teams.