All Features articles – Page 30
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FeaturesCaterpillar trims active equities to fill LDI buffer fund
Caterpillar Pension Plan has cut its active equity exposure and plans to sell out of property as part of a trigger-based derisking strategy to boost its liability-driven investment portfolio.
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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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FeaturesSiemens shrinks deficit with asset-backed funding deal
Engineering and electronics company Siemens has set up a Scottish limited partnership for its UK defined benefit scheme to provide additional security for members, shutting a large part of its deficit and stabilising the company’s cash flow.
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Small schemes see LDI market opening up as pooled funds grow
Small and medium-sized pension funds are coming around to liability-driven investment strategies, with pooled funds providing half the growth in the number of mandates last year as the LDI market exceeded the £500bn mark.
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How JPMorgan and RBS give DC members retirement flexibility
JPMorgan and Royal Bank of Scotland are working to offer members of their defined contribution schemes flexibility in how they access their retirement savings, in light of the Budget reforms.
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Islington to build on residential property bet in alts push
Islington Council’s pension fund plans to reduce its allocation to equities and diversify further into alternatives, in a stated desire to gain greater and more stable returns.
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FeaturesTrinity's second bite of comms cherry gets 60% hit rate
The £100m Trinity Mirror Pension Plan’s second attempt at a communications exercise to encourage additional contributions, to make up for the employer's decision to reduce payments, resulted in a 60 per cent take-up among the 1,000 members targeted.
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Strathclyde taps renewables as alternatives fund swells
Strathclyde Pension Fund has removed the £300m maximum from its New Opportunities portfolio, and will review its 3 per cent allocation limit, as it makes a suite of diversifying investments predominantly in renewable energy.
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BAA picks long-lease property as schemes hunt inflation linkage
BAA Pension Scheme has allocated £100m to long-lease property, as defined benefit schemes continue to invest in the asset class to act as a long-dated inflation hedge, consultants have said.
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Shell surpasses legal minimum by equalising same-sex spouse benefits
Shell has gone above the legal minimum to guarantee same-sex married couples equal spousal benefits in its defined benefit pension fund, while other schemes have maintained a tiered benefit for same-sex partners.
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Mercer parent shuts DB scheme to equalise benefits
Marsh & McLennan Companies, the US-based parent of global consultancy Mercer, has decided to close its UK defined benefit scheme to future accrual in a stated attempt to create a level playing field between employees.
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FeaturesHow FirstGroup doubled its online engagement through AE comms
Transport operator FirstGroup has seen its online engagement more than double since before auto-enrolment following a tailored, multimedia communication exercise last year to educate its 30,000-plus employees on pensions.
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Second-tier wins out against core property investments
The ground underneath the bricks and mortar asset class trembled after the downturn in 2008, when a housing and mortgage implosion triggered the global financial crisis.
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Branching out to hedge against inflation rises
Clwyd Pension Fund has allocated 2 per cent of its assets to timberland and agriculture, attracted by the chance to earn higher returns and hedge against a rise in inflation.
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Avon links up with peers to gain exposure to infrastructure
Avon Pension Fund is looking to invest £150m in infrastructure, in conjunction with other local authority funds.
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The Specialist: Schemes move down the property ladder
Pensions Expert presents case studies, data and analysis on how schemes are investing in property and real assets, such as infrastructure, farmland and timber, in the latest edition of The Specialist.
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Half of schemes lack trustee training plan, survey finds
Two employers have explained how they make sure trustees are regularly trained, after a Pensions Regulator survey shows half of schemes do not have a training plan.
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Property tops the table while infra waits in the wings
Defined benefit schemes are increasingly investing in real assets, including property, infrastructure and forestry to use their inflation-linked characteristics to shore up portfolios against expected rate rises.
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SPPA works to curb admin integration risks
The Scottish Public Pensions Agency has produced a contingency plan to mitigate against administrative risks, as it combines the service provisions for two other emergency service public sector schemes.
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Mastertrusts call for governance standards to be made mandatory
Two of the country's largest mastertrusts have called for a legal standard to raise the barriers to entry for providers, as the industry evaluates the Pensions Regulator's assurance framework.