All articles by Angus Peters – Page 23
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News
Scheme support levels at lowest since financial crisis
Affordability of FTSE 350 defined benefit pension promises has retreated to levels not seen since the global financial crisis, a new report has found, putting pressure on trustees of mature schemes.
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News
Income security needed to bolster drawdown products
Drawdown solutions must be improved to offer pensioners greater certainty that their retirement income will last, a panel of specialists told Pensions Expert last week.
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News
Webb: Tories 'terrified' of AE contribution hike
The Conservative party is “terrified” to make changes that will safeguard pensions adequacy and enable older savers to leave work when they want, former pensions minister Sir Steve Webb has said.
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News
FCA cracks down on transfer advice
Pension consultants have welcomed the Financial Conduct Authority’s adoption of a tough stance on companies advising on defined benefit transfers, calling it a “price worth paying” for member security in retirement.
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NewsUS withdrawal from Paris accord no threat to ESG investing
US president Donald Trump’s decision to pull out of the Paris climate accord will not affect the UK’s growing implementation of environmental, social and governance criteria on investment strategies, experts have said.
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FeaturesMums know best: Hogg Robinson mortality study slashes liabilities
B2B services provider Hogg Robinson Group has undertaken a medically underwritten mortality study of its UK pension scheme members, shaving £68.4m off its liabilities.
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NewsWilletts: Narrow green paper fails on intergenerational equality
Conservative peer Lord Willetts has spoken out against the scope of the Government’s green paper consultation on defined benefit pensions, criticising its lack of regard for intergenerational fairness.
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News
Governance overhaul required to solve DB woes
An overhaul of trust-based pension schemes to separate trustee ‘directors’ from professional managers could have prevented a crisis in defined benefit pensions, a new report has claimed.
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News
No end to liability build-up for charity schemes
Some of the worst-funded not-for-profit scheme sponsors are unable to cease future accrual or limit future membership as defined benefit affordability continues to pose a threat to the sector.
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News
Schemes urged to take action on data security
Pension schemes must use the next 12 months to review and update data protection practices, industry experts have urged, ahead of new rules which could result in huge fines for trustees.
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NewsWincanton runs ETV to drive liabilities down
The Wincanton Pension Scheme has embarked on an enhanced transfer value exercise in an attempt to further cap its obligations, after trivial commutations wiped £3.8m from its liabilities.
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Opinion
Lord Stoneham: Flat rate tax relief will help 'people in the middle'
For the latest instalment of our 2017 general election interview series, Lord Stoneham, the Liberal Democrat chief whip in the House of Lords, explains his party's commitment to reviewing pensions taxation, and the need for consolidation of schemes and of pots.
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News
First asset managers commit to LGPS transparency code
The Local Government Pension Scheme advisory board has launched its code of transparency to improve cost disclosure, amid early indications that asset managers will sign up.
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News
Regulator zeroes in on dividends
The Pensions Regulator has targeted employers who pay large dividends while underfunding defined benefit pension schemes in its latest annual funding statement, increasing the pressure on trustees to secure as much funding as possible.
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NewsTata and BSPS agree terms for PPF-plus deal
Trustees of the £15bn British Steel Pension Scheme have agreed the key commercial terms of a regulated apportionment arrangement with sponsor Tata Steel UK, which would see members offered modified benefits as part of a new scheme.
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Opinion
NHS attacks put cyber security back on the agenda
Pensions administrators have urged schemes to review their cyber security arrangements and question their advisers' practices after the WannaCry ransomware targeted British organisations including the National Health Service.
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FeaturesJohn Lewis Partnership protects future with LDI
The John Lewis Partnership Trust has introduced a liability hedging programme increasing its hedge ratio to 60 per cent, in a move experts said would protect significant recent contributions.
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News
Industry divided over retrospective changes to pensions
Nearly half of pensions professionals and scheme representatives believe that retrospective changes to pensions promises should be allowed, according to a recent survey, suggesting growing concern over the level of defined benefit liabilities.
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Opinion
Blackford: Pension commission could restore consumer trust
In the second instalment of our 2017 election pensions spokespeople series, we hear from Ian Blackford, who is standing for re-election as the Scottish National Party representative for Skye, Ross and Lochaber.
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NewsNortel inches closer to PPF-plus as £5bn lockbox opened
The Nortel Networks UK Pension Plan is set to receive more than £1bn in assets from its insolvent sponsor Nortel in the coming months, after US and Canadian courts agreed to open a $7bn (£5.4bn) escrow ‘lockbox’.