All Towers Watson/WTW articles – Page 6
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News
BlueSky and Crystal master trusts gain authorisation
On the go: Two more master trusts have gained authorisation from the Pensions Regulator, bringing the total approved schemes in the sector to five.
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LGIM votes against record number of companies in 2018
On the go: Legal & General Investment Management has broken its record for voting against companies of which it is a shareholder, as the asset manager tries to cement its stewardship credentials.
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Transfer values rise sharply during March as demand remains high
On the go: Pension transfer values rose substantially during March, peaking at almost £251,000, according to consultancy XPS Pensions.
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National Pension Trust files for authorisation days before deadline
On the go: With just days to go before the deadline of March 31, the National Pension Trust has submitted its application to The Pensions Regulator for master trust authorisation.
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Bulk annuity volumes beat expectations with £24bn in 2018
On the go: Legal & General took the largest share of the bulk annuity market in 2018, accounting for 35 per cent of the sector, in a year when buy-ins and buyouts totalled £24bn.
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New lower life expectancy figures trim £20bn off DB liabilities
On the go: Life expectancies at age 65 are around five months lower for both males and females than they were a year ago, at 19.8 years and 22.4 years according to the Continuous Mortality Investigation. The figures come with caveats but are expected to cut £20bn from FTSE 350 defined benefit liabilities.
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SEI seeks master trust authorisation just weeks before the deadline
On the go: With just weeks to go before the final deadline of March 31, SEI is the latest trust to reveal that it has applied for authorisation of its SEI Master Trust.
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Aon ends takeover talks with Willis Towers Watson
On the go: Insurance brokerage and consulting giant Aon has pulled out of takeover talks for rival Willis Towers Watson.
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Aon mulling offer for Willis Towers Watson
On the go: Insurance brokerage and consulting giant Aon is reportedly preparing to submit a bid for rival Willis Towers Watson, in a move that would send shockwaves through the pensions advisory industry.
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Features
Data Crunch: Rush of pension capital into infrastructure continues
Pension money is pouring into infrastructure. Portfolio analysis by Pensions Expert’s sister title Mandatewire reveals that the cash-generative asset is proving the perfect fit for mature defined benefit schemes, despite buyout looming for some trustees.
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LifeSight first master trust to gain TPR authorisation
On the go: Willis Towers Watson’s LifeSight is the first master trust to gain authorisation, the Pensions Regulator confirmed on Wednesday.
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Last-minute dash expected for master trust authorisation
On the go: Only eight master trusts have applied for authorisation with the Pensions Regulator, leading to expectations that there will be a last minute dash as the March 31 deadline looms.
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DWP consultation ramps up pressure on small schemes to consolidate
The Department for Work and Pensions is ramping up the pressure on small schemes to consolidate and to consider long term illiquid investments.
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Features
Data crunch: Do better returns trump greater contributions?
One of pensions’ great conundrums is the question of whether the size of contributions or investment performance has the greater impact on the size of the pension pot.
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ACA backs further AE reforms despite small employer opt-outs
Smaller employers expect a rise in the number of staff opting out of their auto-enrolment pension as minimum contribution rises bite, research has shown.
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CMA ups pressure on trustees and advisers to seek best deal
New requirements on trustees to shop around for fiduciary management and challenge their advisers will generate better value for members, experts have said in response to measures set out by the Competition and Markets Authority.
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Govt and scheme decision-makers told to tread with caution on CDC
Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.
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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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Hammond’s Budget looks to unlock DC savings for patient capital
The government is to consult next year on whether the charge cap for defined contribution default funds should be changed to unlock greater investment in patient capital, as part of a Budget with significant implications for DC savers.
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Opperman's consumer choice AE meeting draws ire of industry
Workplace pension providers and advisers have expressed fury at reports that minister for pensions and financial inclusion Guy Opperman will attend a meeting to discuss letting members choose their auto-enrolment provider.