All Features articles – Page 19
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FeaturesInvensys attempts to reconcile GMPs delayed by HMRC
Slow responses from HM Revenue & Customs are delaying efforts by the Invensys Pension Scheme to reconcile guaranteed minimum pensions, the scheme’s trustees have told members.
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Features
John Menzies signs MoU ahead of sectionalisation
A memorandum of understanding has been signed by John Menzies and trustees of its pension scheme as it has closed the scheme and plans to begin a sectionalisation process, but experts have highlighted that this sort of agreement is rarely legally binding.
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Features
Lisa still needs to find its place as launch date arrives
The lifetime Isa launched on Thursday, so why are there not more providers offering the product straight away, and what is the likely uptake when it comes to using the vehicle for retirement saving?
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FeaturesCould hybrids solve the pensions adequacy problem?
One has to feel sorry for members of Generation X. Successive studies have shown that unlike their millennial counterparts, whose quality of retirement it is entirely within the reach of policymakers to decide, defined contribution has failed Gen X-ers.
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FeaturesTaylor Wimpey builds synthetic equities to tackle volatility
The pension scheme of housebuilder Taylor Wimpey has undertaken a widespread derisking programme, strengthening existing hedges while converting physical equity investments into a synthetic, volatility-dampening exposure.
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FeaturesJohn Laing targets speedy return to full funding
The John Laing Pension Fund has agreed a recovery plan worth £171m to be paid over seven years by its sponsor, infrastructure investor John Laing, following an actuarial valuation.
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FeaturesCornwall agrees new private credit allocation
The Cornwall Pension Fund is set to make an allocation to private credit, an asset class increasingly popular among schemes as tightened bank regulation has opened up a new range of investment options.
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Features
Leicester Uni scheme cuts risk with higher hedge
Following closure to future benefit accrual, trustees at the University of Leicester Pension and Assurance Scheme have decided to double its hedge, as experts emphasise the importance of keeping an eye on triggers and cash flow.
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FeaturesCentrica drills for returns with high-yield allocation
The Centrica Combined Common Investment Fund, which manages holdings for the energy giant’s pension schemes, has trimmed its exposure to corporate bonds, reweighting its portfolio towards high-yield debt.
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FeaturesMore pensioners to be offered Pie at Metal Box
The Metal Box Pension Scheme is planning to offer a pension increase exchange to more pensioner members this year, having offered one to some members in 2015.
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FeaturesBAE Systems' Airbus section ready for take-off
British defence giant BAE Systems has created a new scheme section for Airbus employees, to increase transparency while giving direct responsibility to the companies involved.
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FeaturesMPs’ scheme votes for secured loans over REITs
The Parliamentary Contributory Pension Fund has simplified its property portfolio and invested proceeds in a European loans mandate, with a view to generating income.
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FeaturesCancer Research scheme takes the plunge into LDI
Trustees of Cancer Research UK’s defined benefit pension fund have put in place a new liability-driven investment allocation, minimising funding volatility following the EU referendum.
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FeaturesLuxfer Group ups DGFs in portfolio restructure
Global materials technology company Luxfer Group has restructured the growth portfolio of its defined benefit scheme to invest in diversified growth funds, as research has predicted continued demand for these strategies.
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FeaturesTfL considers a closer look at carbon exposure
The Transport for London Pension Fund plans to look into ways of analysing its carbon exposure following a member request, as experts stress that schemes need to understand exactly what they are measuring and what further steps they can take.
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FeaturesSaul relocates trustees in cost-cutting drive
The Superannuation Arrangements of the University of London has saved more than £500,000 by relocating its trustee team as part of a wider push to improve cost efficiency.
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FeaturesTelegraph welcomes smart beta addition to TDFs
Telegraph Media Group has welcomed the downside protection brought in by the addition of smart beta to its default defined contribution target date funds, despite concerns over hidden dangers within the investment style.
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FeaturesBabcock takes member comms online to boost efficiency
The Babcock International Group Pension Scheme is moving its communications online in an attempt to cut costs, boost efficiency and better reflect the preferences of members.
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FeaturesLafargeHolcim reconstructs DC scheme
Building materials giant LafargeHolcim has changed the default fund and administration of its defined contribution pension scheme following a value-for-money assessment.
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Features
Brexit, pooling and transparency: Top investment stories from 2016
Year in review: Investment fees and the impact of Brexit on schemes’ portfolios stood out among the most salient subjects for pension schemes in 2016, while the ongoing low-yield environment prompted funds to seek higher returns and cut back on costs.