All Features articles – Page 41
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FeaturesFollow Australia for higher infrastructure allocations
Comment: UK pension schemes need to follow their antipodean counterparts, with higher infrastructure allocations justified by the asset’s stable, long-term revenues, argues AMP Capital’s Richard Shields.
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Schemes warned of pitfalls in approaching buyout
Schemes looking to take advantage of the current attractive pricing in the derisking market are advised to improve their governance structure to get the best deal.
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PPF assessment period leads to better data
Comment: Schemes that act as if they are in the PPF assessment period can improve their data management, potentially saving administration costs, argues Marian Elliott of Spence and Partners
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Star Group invests third of assets in diversified beta to reduce risk
The £213m scheme has placed a third of its total assets in a single fund to reduce volatility while running a relatively high risk of overconcentration in one manager
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Plans risk member backlash over complex DC fees
Schemes have been called on by communication experts to consider the “personal impact” on their members of more complex defined contribution (DC) fee structures.
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Civil service payout shows need for comms care
The Principle Civil Service Pension Scheme was forced to pay one former Pension Protection Fund worker compensation following incorrect information in the scheme's booklet, the Pensions Ombudsman has ruled.
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FeaturesHeineken targets quicker changes with contract scheme
The beverages business has revealed it chose a contract-based rather than a trust-based defined contribution scheme to speed up its investment governance.
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Rexam changes rules to reduce member tax cost
The packaging company’s £1.8bn DB plan has allowed members to control their tax costs by reducing their pensionable pay
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Pearl shaves fifth off DC fund charge
The Pearl Group Staff Pension Scheme will reduce by a fifth the amount of fees members pay to invest in one of its defined contribution funds later this month.
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Stewardship Code to focus on ESG and lending
The Financial Reporting Council (FRC) is to review the UK Stewardship Code this summer, and is expected to incorporate stock lending and environmental, social and governance (ESG) issues.
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Thomas Miller confronts volatility with DC default design
Owen Walker discovers how the Thomas Miller pension scheme introduced absolute return funds to its defined contribution (DC) default option to provide members with a better savings experience.
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FeaturesTesco: Control the cost of losing contracting out
The government is plotting a statutory override to help schemes remove contracting-out rules. Tesco's group pensions director tells Ian Smith how to control the cost of the changes.
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How to control costs through DB scheme mergers
DLA Piper’s Ginevra Gatrell explores the savings available to defined benefit (DB) schemes – and the dangers to be avoided – when their sponsors broach the subject of a merger.
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FeaturesRPMI tackles covenant risk with employer ratings
RPMI has rated its more than 150 different sponsors according to how strong their covenant is, as it assesses how to improve the scheme’s security.
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Hybrid DC ruling prompts review of safety nets
Schemes should revisit how certain benefits are protected by funding legislation, following the Supreme Court judgement on hybrid scheme design.
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Insurers deliver flexible derisking payment plans
Schemes looking to take advantage of the current favourable pricing in the derisking market have been offered a range of flexible payment options by insurers.
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MNOPF readies for final derisking step
The Merchant Navy Officers Pension Fund has sold assets and shifted its investment approach to prepare for a deal to insure the remaining liabilities of its £1.3bn defined benefit old section.
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Saul diversifies with three specialist EM mandates
The Superannuation Arrangements of the University of London has committed 7.5 per cent of its portfolio to three emerging market funds.
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PPG improves investment efficiency with fiduciary management
The PPG Industries pension scheme's move to fiduciary management has led to a quicker and more efficient investment decision-making process, according to its pensions director.
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Small schemes urged to pool funds to reduce fees
The Association of Member Nominated Trustees has called for small schemes to consider pooling to reduce their investment fees. Tanya Ashreena analyses the process