All articles by Angus Peters – Page 27
-
News
2017 AE review will ignore adequacy but include charge cap
The Department for Work and Pensions has announced the scope of its 2017 review of auto-enrolment, including a reconsideration of the charge cap on defined contribution default funds.
-
NewsBSPS nears compromise deal as Tata announces closure plan
Tata Steel UK is to consult with employees on closing the British Steel Pension Scheme to future accrual, as part of an agreement with trade unions aimed at safeguarding the future of its UK steelworks.
-
NewsIBM revises cash commutation factors
The IBM Pension Trust has updated its cash commutation factors, offering transferring members across its schemes higher lump sums when exchanging part of their defined benefit entitlements.
-
News
Cold-calling ban could strengthen scheme powers to block transfers
The government has launched its consultation on pension scams, proposing bans on pension-related cold calls, limits on the statutory right to transfer and tighter regulations for setting up potentially fraudulent schemes.
-
News
Ownership or nudge? How to make auto-escalation work
The pensions industry and government must instil a sense of “personal ownership” over pensions in currently underprepared members if auto-enrolment is to achieve its aims, pensions minister Richard Harrington has said.
-
FeaturesABF and Pie to shore up Severn Trent against deficit plunge
The Severn Trent Pension Scheme has agreed a new asset-backed funding strategy with its sponsor, following a year which saw its accounting deficit more than double despite derisking measures.
-
Opinion
Can global DB experience help the UK out of crisis?
UK pensions, we are often told, are in crisis. Sustained downward pressure on yields have widened scheme deficits over the year, with the prospect of higher inflation just another concern to add to trustees’ agendas.
-
News
Increased contributions vital to continue AE success story
The real tests of auto-enrolment are still to come, one of the architects of the initiative has warned, as an adequacy report found many defined contribution-reliant members of Generation X are already beyond auto-enrolment’s help.
-
News
Trustees not convinced by indexation change arguments
Trustees are overwhelmingly in favour of restructuring scheme benefit structures in response to the defined benefit crisis, a recent survey has suggested, but stop short of supporting a statutory override on increases of accrued benefits.
-
News
FCA wants to strengthen duty on managers and consultants
About £109bn of investor assets is held by managers who charge high fees but do not offer significant variation from an index-tracking strategy, the Financial Conduct Authority’s interim report on competition in the asset management market has found.
-
News
Draft Lisa rules attempt to prevent AE opt-outs
Providers of the lifetime Isa should warn savers that substituting their pension for the product will mean they lose out on employer contributions, draft rules published by the Financial Conduct Authority have proposed.
-
NewsCapital protection key as ABF introduces equities overlay
The Associated British Foods’ UK defined benefit pension scheme has implemented an equities derivative overlay strategy to give added risk protection to its substantial portfolio of growth assets, maintaining a strong allocation to equities.
-
News
Keep comms 'balanced' as DB transfer interest is up
Advisory service Intelligent Pensions has seen the number of defined benefit transfer requests it has processed increase during 2016 as members seek to take advantage of the freedom and choice reforms.
-
News
Hedging at a high as schemes lose hope for fast rate rise
Institutional investors in the UK increased inflation hedging by 11 per cent over Q3, according to a survey – a sign that schemes and sponsors have reached the limits of their tolerance for widening deficits.
-
Opinion
When things get hairy: Don’t overreact to President Trump
From the blog: Donald J Trump has been elected president of the US, sparking marked but short-lived market fluctuations and suggesting that you probably shouldn’t take investment advice from a pollster.
-
Features
HSBC pioneers ESG in DC with £1.85bn multi-factor fund
The HSBC Bank UK Pension Scheme has selected a multi-factor fund with a tilt towards low-carbon businesses as the equity component of its default offering, a switch that will see £1.85bn of defined contribution savers' money invested in line with green principles.
-
News
Schemes urged to look past 'Super Thursday' market movements
The FTSE 100 fell last week on the back of a High Court ruling that parliament must have a vote on the UK’s triggering of Article 50, while the Bank of England revised its inflation expectations upwards.
-
News
'Rules lottery' continues after Court of Appeal's RPI/CPI judgment
Trustees of the Barnardo Staff Pension Scheme will not be allowed to provide indexation of benefits in line with the consumer price index, according to a Court of Appeal decision earlier this week.
-
News
Is it time to stop worrying about deficits?
Rising yields mean UK pension deficits are finally shrinking again, according to several industry monitoring systems, but is the defined benefit sector spending too much time concentrating on shortfalls?
-
NewsWill tribunal judgment force Uber to auto-enrol its drivers?
Two Uber drivers have been deemed workers who are employed by the taxi app, in a tribunal judgment released last week that could set a precedent for the auto-enrolment of gig economy workers.