All Costs and charges articles – Page 25
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Opinion
How can DGFs adapt to fit under the DC charge cap?
Kevin Frisby from LCP, JLT Investment Consulting's Allan Lindsay, Axa IM's Yoram Lustig, HR Trustees' Giles Payne, Aon Hewitt's Ryan Taylor and Bruce White of LGIM discuss how diversified growth funds can work in line with the defined contribution charge cap, in the third of a four-part panel discussion.
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Opinion
Justifying the fees: How to get value out of your lawyers
Any other business: "The trouble with life isn't that there is no answer, but that there are so many answers." This quote, attributed to Ruth Benedict, could easily be applied to the world of pensions law, where achieving consensus among lawyers is an almost impossible task.
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News
How devolution could affect your scheme
Scheme professionals have predicted devolved tax and welfare powers to Scotland, England, Wales and Northern Ireland could increase the cost of administering schemes which have members across the UK, though others doubt the impact.
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Features
The Pensions Trust to open doors to private sector DB as employers outsource
The Pensions Trust plans to start accepting private sector employers into the scheme from late October, hoping to attract the growing number of small and medium-sized companies outsourcing the management of defined benefit schemes.
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Opinion
Active managers dealt another blow, but schemes still loyal
A survey released this week found passive funds outperformed active funds by 4.7 per cent over the past five years, adding fuel to the fire of the active versus passive management debate.
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News
How lifting Nest restrictions could affect the market
The lifting of restrictions on contributions and transfers to state-backed mastertrust Nest will make it more compelling for employers, but a rival mastertrust has called for oversight of its funding arrangements.
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News
Railpen chief's fees comments trigger transparency calls
Industry figures have called for more transparency around charges from asset managers after Railpen Investments said upfront fees were as little as a fifth of its total fees paid.
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Features
Xerox to protect repayment power amid legal uncertainty
Xerox Final Salary Pension Scheme is planning a resolution allowing it to continue to make repayments to its sponsor, but legal experts are split on whether such a move is necessary or will even be effective.
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News
Civil service employers face increased contributions after discount rate cut
Participating employers of the Principal Civil Service Pension Scheme will face an increase in their pension costs, due to a reduced discount rate, following government efforts to control public spending.
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Features
Local government schemes reject forced passive CIV proposals
Local authority schemes have rejected government proposals to mandate pooling assets into a passively managed common investment vehicle, but did see benefits in other suggestions put forward.
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Features
EE closes scheme to future accrual on affordability concerns
Telecoms company EE has closed the defined benefit section of its scheme to future accrual in order to equalise benefits offered to members in a structure which will be more sustainable for the company.
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Opinion
LPFA: Illiquids, fees and scale in our investment approach
As submissions were being finalised to the government’s consultation on “opportunities for collaboration, cost savings and efficiencies” in the Local Government Pension Scheme, another equally important consultation on LGPS governance was launched last month.
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News
Covenant-lite market expands as small schemes digest DB code
Small and medium-sized employers’ pension schemes are finding greater access to pared-down, lower-cost covenant assessments following the Pensions Regulator’s revised defined benefit code of practice, which has increased focus on employer strength.
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News
How the Law Commission report affects your scheme
The Law Commission has released what has been branded a “common sense” guide for trustees, clarifying their fiduciary duties in respect of responsible investment as well as weighing in on defined contribution scheme governance.
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Features
Schemes line up bulk commutation after Budget grants derisking opp
Consultants have reported more schemes considering bulk trivial commutation exercises, in an attempt to drive down administration costs and liabilities, after the amount members could take as a lump sum was increased.
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News
Schemes face costly tax defeat after HMRC ruling
Defined benefit schemes have been urged by advisers to take steps to ensure they can continue to recover VAT on professional services, following an unexpected legal interpretation from HM Revenue & Customs.
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Opinion
Checking the price tag: evaluating the charges obsession
Data analysis: The Budget reforms signal an age of greater plurality in retirement possibilities for members.
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News
Fifth of smaller employers failing to prepare for AE
One in five small businesses are not currently preparing for auto-enrolment, research has shown, as concern grows around smaller employers’ ability to comply with the legislation.
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News
Override sought ahead of state pension reforms
Legal experts have called for a statutory override in scheme rules to avoid members getting more benefits than originally intended from bridging pensions, as the industry approaches the switch to a single-tier state pension in 2016.
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News
Transfer industry: pot-follows-member transfers can cost just £1
Pension transfer systems have countered concerns raised by industry figures that implementing pot-follows-member could result in high costs, which may be passed onto members.