All Defined benefit articles – Page 199
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News
Lothian to reduce 'suboptimal' market cap exposure
The Lothian Pension Fund is to reduce its reliance on market capitalisation-based equity indices and increase investment in global portfolios, in order to boost performance and reduce volatility for members.
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News
SPC: Pot-follows-member a 'breeding ground' for fraud
The government’s pot-follows-member proposals threaten to “overstretch” the industry and expose members to greater risk of pension liberation fraud, if introduced at the peak of auto-enrolment in 2014, the Society of Pension Consultants has warned.
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Opinion
Why 'healthy' life expectancy matters to members
Longevity has rooted itself as a near-intractable problem for sponsors of defined benefit pension schemes while at the same time being an apparently good-news story for everyone else.
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News
Three out of four schemes to mitigate volatility
The use of volatility-reducing strategies has increased as schemes look to dampen the impact of current market conditions on portfolios, according to investment data.
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News
Wandsworth eyes collective investment lead
Wandsworth Council Pension Fund has set its sights on leading a London-wide collective investment vehicle to drive down costs, rather than a forced merger, pensions committee documents have revealed.
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News
EMD losing its sparkle as schemes value EM equities
The recent lag in emerging market equity performance compared with developed markets is luring pension funds to an asset class they see as cheap compared to its debt counterpart.
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News
Schemes turn to 'esoteric' ABFs to fill deficits
Schemes are being forced to be more creative in finding assets to back funding, industry experts have said, following deals using brands, intellectual property and whiskey.
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News
Hackney: equities better than bonds over long term
Equities are more attractive in the long term than bonds, according to the London Borough of Hackney Pension Fund, which is even modelling the impact of a 100 per cent equity allocation on the scheme’s investments.
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NewsPIPA 2013: The winners
The full list of the winners of the 14th annual Pension and Investment Provider Awards, held last night at the Sheraton Park Lane Hotel.
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Opinion
Breaking down the regulator's 2013 funding statement
The Pensions Regulator's annual funding statement is aimed at providing guidance for trustees of defined benefit schemes who are going through the valuation process.
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NewsBA communicates with members on growth objective
The Pensions Regulator’s new objective to support employer growth has filtered through to members of the British Airways pension schemes, where trustees have met with the airline and regulator as part of the valuation process.
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News
Council funds clash over merger plans
Norfolk Pension Fund has rejected Local Government Pension Scheme merger proposals, saying they could harm fund services and trustee stewardship – but the London Pensions Fund Authority and unions have backed the move.
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News
Schemes grab chance to fireproof against inflation
Nearly half of pension fund trustees have incorporated longevity or swap contracts to tackle inflation risk, an upcoming survey will show, having benefited from favourable pricing last year to boost protection.
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News
How the 2013 funding statement affects your scheme
NEWS ANALYSIS: The Pensions Regulator’s 2013 annual funding statement has set out the flexibilities open to schemes in the tough economic climate, but pension professionals have said those carrying out valuations this year could find the process challenging.
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NewsHavering to fund 'stalled' local property projects
The London Borough of Havering Pension Fund is planning to invest in delayed local property projects including residential housing, as more council funds increase their exposure to property to match liabilities and boost community investment.
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NewsLocal authority schemes choose multi-asset to limit volatility
Local authority funds have ramped up their interest in multi-asset strategies as they try to manage the impact of volatility on their investments, according to new investment data.
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FeaturesCadbury hedges fifth of assets to manage risk
Cadbury Pension Fund has decided to hedge approximately a fifth of its assets to manage the impact of interest rate and inflation changes on its pension promises.
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Features
Pearl beefs up covenant safeguards for DB members
The £1.9bn Pearl Group Staff Pension Scheme has renegotiated a series of funding conditions with its sponsor to improve security, reflecting greater innovation in how schemes are protecting members’ benefits.
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Features
Aircraft scheme achieves 20% buyout uplift
SR Technics UK’s pension scheme has secured benefits of around 20 per cent above what members would have got through the Pension Protection Fund, by investing in matched assets and improving its data.
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Features
Diageo scraps MND tenure limit to retain talent
Diageo Pension Scheme has scrapped the time limit on the service of its member-nominated directors to avoid a talent drain, as schemes balance members’ democratic rights with continuity in decision-making.