All Features articles – Page 11
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FeaturesJLT switch to TDF default sees boost in engagement
An overhaul of the default arrangement in the Jardine Lloyd Thompson Pension Scheme’s defined contribution section, switching from a lifestyle arrangement to target date funds, has brought its more engaged members back from their self-select funds.
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Testing times for charity DB pension schemes
At the beginning of last year, the Royal Society for the Protection of Birds closed its defined benefit pension fund and replaced it with a new defined contribution scheme.
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FeaturesBarnet in TPR breach as Capita misses payments
The London Borough of Barnet Council has reported itself to the Pensions Regulator after failing to produce 447 pension benefit statements on time.
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Lambeth invests in multi-asset credit
The London Borough of Lambeth Pension Fund has invested around £75m into multi-asset credit from its corporate bonds allocation. It is also weighing up investment in private debt alongside other Local Government Pension Schemes.
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FeaturesNortel's £2.4bn buyout pricing beats offers from superfund
When Canadian telecoms company Nortel filed for bankruptcy in 2009, prospects for its defined benefit pension scheme members looked bleak.
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FeaturesBBC matches cash flows after strong 2017 returns
The BBC Pension Scheme has slashed its exposure to equity markets, in an attempt to lock in recent outperformance with liability-driven investment, private credit and alternative matching assets.
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How will scheme exposure to real estate evolve post-Brexit?
Brexit Day is looming, but nobody really seems sure about what the outcome might be, and how the UK is going to get there.
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Master trust authorisation: How important is timing?
Analysis: From this month, master trusts have until April 2019 to apply to the Pensions Regulator for authorisation. What has the watchdog’s feedback shown us so far, and how will timing of applications come into play?
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How should scheme liabilities be measured?
Analysis: The industry is unlikely to ever reach a consensus over the methods of scheme liability valuation, judging by the lively debate surrounding the subject.
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Trustees pour cold water on wild consolidator claims
The Edi Truell-backed Pension SuperFund has been no stranger to controversy in its short lifespan.
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FeaturesKent cuts passive equities for private equity and infra
The £6.2bn Kent County Council Superannuation Fund has moved capital from UK passive equities into private equity and infrastructure. The fund narrowly missed its benchmark for returns in the year to March 2018, after underperformance from equity and fixed income mandates.
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Should LGPS funds separate from host authorities to avoid conflicts?
The relationship between local government pension schemes and their host authorities has the potential to create conflicts of interest for those charged with managing both a council’s finances and the fate of its pension fund, experts say.
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FeaturesIslington scheme to wind down carbon investment
The London Borough of Islington Pension Fund has agreed to reduce its investment in fossil fuels, following lobbying efforts from local environmental activist group Fossil Free Islington.
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FeaturesLloyds switches DGF for equities in default fund
Trustees of the Lloyds Bank Pension Scheme No.1 have overhauled the default offering for their defined contribution members, ditching a diversified growth fund for a 100 per cent equity allocation in the first years of saving.
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FeaturesHow can we restore trust in pensions?
Analysis: Savers have long remained detached and bemused by their pension arrangements. Indeed, the success of auto-enrolment has partly depended upon consumer inertia.
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Will private credit become a mainstay of DC portfolios?
Analysis: Private credit is flavour of the month with yield-starved defined benefit funds, but has only attracted defined contribution business from the giants of the mastertrust sector. Could renegotiations on fees open up the asset class for today’s savers?
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FeaturesEnfield cuts equities for MAC following review
The Enfield Pension Fund’s policy and investment committee has agreed to move £50m into multi-asset credit from equities, following a comprehensive review of its fixed income portfolio with its investment adviser.
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FeaturesLPFA looks to build on latest property allocation
The London Pensions Fund Authority will cut the ribbon next year on the Pontoon Dock, a residential property project incorporating 154 high quality privately rented homes and 82 affordable homes available for rental or shared ownership.
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FeaturesRhondda Cynon Taf approves plan for alternatives
The Rhondda Cynon Taf Pension Fund has agreed to wind down its lofty equity exposure in favour of new allocations to absolute return bonds and infrastructure.
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FeaturesShould schemes use social media to engage with members?
Any other business: On July 26, members of the Teachers’ Pensions Scheme were informed via Facebook that their service was experiencing disruption. Later that day, they were told that access had been restored. Some members disagreed.