All Punter Southall articles – Page 2
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News
PPF creates panel to support trustees with stressed sponsors
On the go: The Pension Protection Fund has established a new panel to support trustees where the scheme’s employer is in stressed or distressed circumstances.
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News
PS Aspire pulls out of master trust market
On the go: Punter Southall Aspire has withdrawn its master trust from the market after concluding that it was unlikely to reach the necessary scale.
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Features
Investment consultants could be under microscope for next decade
Analysis: Investment consultants may have escaped the more stringent of the recommendations in the Competition and Markets Authority’s provisional decision earlier this year, but experts have said that the scrutiny of the market is unlikely to end at Christmas.
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FeaturesJaguar scheme opts for forestry and farmland
The Jaguar Pension Plan has invested in agriculture and timber funds in a bid to diversify its portfolio and develop its exposure to opportunistic private markets.
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News
Mercer parent's JLT acquisition brings consulting giants under one roof
On the go: Marsh & McLennan, the insurance broker and consultancy that owns Mercer, has announced it is to buy Jardine Lloyd Thompson for $5.6bn (£4.3bn) in cash.
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NewsS&N scheme to review impact of pubs takeover
Trustees of the Scottish & Newcastle Pension Plan will be assessing the impact of a recent corporate acquisition made by the pension scheme’s parent company Heineken UK, as part of a full covenant review this year.
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OpinionIs it time to trim your hedge funds?
Analysis: Since 2000, there has been an extraordinary rise in hedge fund investment. While only 2.1 per cent of large institutional investors had money in hedge funds in 2000, cost analysis service CEM Benchmarking says that this figure surpassed 50 per cent in 2016.
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NewsRegulator rebuked for 'feeble' response to Carillion underfunding
Carillion’s corporate culture was at the heart of the contractor’s collapse, MPs have concluded, but the Pensions Regulator has also come under fire for “failing in all its objectives” regarding the company’s pension funds.
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Opinion
GDPR - A brave new world for the pensions industry
It is easy to imagine bunkers in remote corners of England, hatches locked, filled with trustees who are desperate not to hear any more about the General Data Protection Regulation.
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Features
Should pension schemes become more litigious?
In 2009, the Royal Bank of Scotland admitted that it had incurred billions of dollars in losses in relation to its subprime exposures and acquisition of Dutch bank ABN Amro.
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News
Can schemes still justify active management?
The average active fund manager cannot outperform their benchmark net of fees, and according to the Competition and Markets Authority, the average investment consultant cannot reliably identify those managers who do. Can an average trustee board reasonably keep the faith in active management?
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FeaturesJLR drives down costs with DC strategy refresh
UK automotive stalwart Jaguar Land Rover has embarked on a complete overhaul of its defined contribution offering in a bid to drive down costs and improve member outcomes.
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NewsRegulator publishes British Steel section 89 report
The pensions watchdog has outlined its decision-making process in a regulatory report on the British Steel Pension Scheme, published six months after greenlighting the regulated apportionment arrangement to separate the BSPS from Tata Steel UK.
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Features
Is it time to return to equities?
Analysis: Investors are the most overweight in equities relative to government bonds since August 2014. Might pension schemes share in this bullish outlook on equities?
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Features
Do UK DB schemes have a covenant problem?
Analysis: Sponsor covenant and failed defined benefit promises are in the headlines again with the collapse of outsourcing giant Carillion. Could the liquidation be indicative of a wider national inability to pay pensions, and how should trustees react to a deterioration in their covenant?
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NewsCarillion collapse sparks calls for better DB rules
The collapse of Carillion and impending transfer of some of its defined benefit members into the Pension Protection Fund has raised questions about the suitability of existing pensions laws.
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NewsPPF praised for tough line on Toys R Us insolvency talks
The pensions industry has welcomed the tough stance taken by the Pension Protection Fund in its negotiations with struggling retailer Toys R Us, saying it will encourage companies not to take their pension responsibilities lightly.
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News
All FTSE 350 DB schemes could be closed in 10 years
New research predicts that all defined benefit schemes of companies in the FTSE 350 index are likely to be closed to future benefit accrual within 10 years.
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OpinionCarillion is a covenant warning
From the blog: The Pensions Regulator’s assertion that “the strength of the employer covenant can change materially over a short period of time” has once again been proved correct by the case of Carillion.
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NewsEconomic gloom overshadows quiet Budget for pensions
Autumn Budget 2017: With chancellor Philip Hammond omitting pensions almost entirely from his speech, it was, as Barnett Waddingham senior consultant Malcolm McLean put it, a “steady as you go Budget”.