All Capital Cranfield articles – Page 4
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Opinion
How are DGFs being used in DC?
How are defined contribution schemes using diversified growth funds, and what roles do member engagement and cost constraints play? Naomi L’Estrange from 2020 Trustees, Shuntao Li from Barnett Waddingham, Neil McPherson from Capital Cranfield, Murray Taylor from JLT Employee Benefits, and Percival Stanion from Pictet Asset Management discuss DGFs in DC and the issue of fees.
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Opinion
How are DB schemes allocating to DGFs?
How are defined benefit pension schemes using diversified growth funds in their portfolios, and how can trustees choose between the various strategies on offer? Naomi L’Estrange from 2020 Trustees, Shuntao Li from Barnett Waddingham, Neil McPherson from Capital Cranfield, Murray Taylor from JLT Employee Benefits, and Percival Station from Pictet Asset Management discuss how pension funds are approaching DGFs.
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FeaturesSmart beta: What drives schemes’ appetite for the strategy?
Smart beta is often seen as a more transparent, simple and low cost alternative to active management. Five experts discuss what is driving the appetite for smart beta among schemes and how the sector is evolving.
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Features
Is there a risk of crowding in smart beta?
Is there a risk of factor‑based portfolios becoming crowded, with increasing popularity potentially leading to overpricing and lower future returns? Eric Shirbini from ERI Scentific Beta, Julien Barral from bfinance, Alan Pickering from Bestrustees, James Price from Willis Towers Watson and Paul Black from Capital Cranfield debate whether crowding really is an issue within smart beta.
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Opinion
DC Debate Q2 (part 2): The limits of DC
In the second DC Debate of 2017, seven defined contribution specialists discuss why schemes will look for more delegation, whether member engagement can be counterproductive, and if auto-enrolment should be extended.
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Opinion
DC Debate Q2 (part 1): Are equities best for defaults?
In the second DC Debate of 2017, seven defined contribution specialists discuss ESG in default funds, and what to say to members when markets fall.
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Features
How DC schemes should approach smart beta
How should defined contribution schemes approach smart beta, and how will environmental, social and governance focused investment change the sector? Eric Shirbini from ERI Scentific Beta, Julien Barral from bfinance, Alan Pickering from Bestrustees, James Price from Willis Towers Watson and Paul Black from Capital Cranfield discuss.
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Opinion
What drives the appetite for smart beta among UK pension schemes?
What is drawing pension schemes to smart beta? Eric Shirbini from ERI Scientific Beta, Julien Barral from bfinance, Alan Pickering from Bestrustees, James Price from Willis Towers Watson and Paul Black from Capital Cranfield discuss transparency and trustee training.
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Features
Dyfed 97% funded but private schemes lag behind
The Dyfed Pension Fund is approaching solvency as an investment review is set to largely stick with the scheme’s equity-heavy asset allocation, making for a sharp contrast to the situation at many private sector schemes.
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Features
How has the smart beta sector evolved?
How has the smart beta market developed? Eric Shirbini from ERI Scientific Beta, Julien Barral from bfinance, Alan Pickering from Bestrustees, James Price from Willis Towers Watson and Paul Black from Capital Cranfield discuss the range of new opportunities and how the sector has changed.
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OpinionIs the 'gilts plus' model broken?
The best way to calculate scheme liabilities has been the topic of much debate since defined benefit deficits have started making the headlines. So is the gilts plus model appropriate? Six experts, including from the Pensions Regulator, come together to discuss the merits of different valuation methods.
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Features
JLT scheme deficit shows rate pain persists
The UK pension scheme of consultancy and insurance business JLT Group saw its IAS 19 deficit jump during 2016, as bond yields proved a leveller for schemes of all sponsor types.
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Opinion
How should trustees and employers negotiate valuations?
Should trustees and scheme sponsors discuss valuation methodology or are there bigger concerns? Paul McGlone from Aon Hewitt, David Weeks from the Association of Member Nominated Trustees, Jonathan Reynolds from Capital Cranfield Trustees, Leslie Scrine from the M&G Group Pension Scheme, Andrew Cheeseman from Pan Trustees and Andrew Young from the Pensions Regulator talk about their experience on both sides.
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Opinion
What alternative valuation methods can schemes use?
What options do schemes have apart from ‘gilts plus’ to find out how well funded they are? Paul McGlone from Aon Hewitt, David Weeks from the Association of Member Nominated Trustees, Jonathan Reynolds from Capital Cranfield Trustees, Leslie Scrine from the M&G Group Pension Scheme, Andrew Cheeseman from Pan Trustees and Andrew Young from the Pensions Regulator discuss scheme valuation methods.
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Opinion
Does ‘gilts plus’ lead to inappropriate investment strategies?
Should valuation assumptions be a function of the investment strategy? What does the regulator say about the gilts-plus approach? Paul McGlone from Aon Hewitt, David Weeks from the Association of Member Nominated Trustees, Jonathan Reynolds from Capital Cranfield, Leslie Scrine from the M&G Group Pension Scheme, Andrew Cheeseman from Pan Trustees and Andrew Young from the Pensions Regulator discuss scheme valuation methods.
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FeaturesPru amends DC default, as experts warn against 'wait and see' approach
The Prudential staff scheme is due to amend its DC default fund this year in light of the introduction of freedom and choice, amid concerns that some schemes are choosing to wait for retiree data to help them design their default.
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Opinion
DC Debate Q1 (part 1): Which investment strategies work for DC investors?
In the first DC Debate of 2017, eight defined contribution specialists discuss the pros and cons of illiquid assets, traditional indices and smart beta strategies.
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Opinion
DC Debate Q1 (part 2): How can the industry create value for savers?
In the first DC Debate of 2017, eight defined contribution specialists discuss the benefits of building a dashboard and look at the charge cap and whether the industry has come closer to defining value for money.
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News
Trustees overlook strategic objectives due to deficit distraction
Deficits distract the majority of trustees from focusing on the ultimate goal of paying members’ pensions, recent research has found, but some experts highlighted the role of covenant strength and scheme size in deciding where the priority should be.
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NewsIsle of Wight's outperformance vindicates active management
The Isle of Wight Pension Fund’s funding level jumped from 78 per cent to 92 per cent over three years, posting returns that reignite the debate over active and passive fund management.