All Features articles – Page 42
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Features
How fiduciary management can work for small schemes
Atkin & Co director Marian Elliott outlines why fiduciary management is suitable for schemes of all sizes, but warns there are additional risks and costs to be considered.
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Features
Case study: Hertfordshire saves £1.6m with LPFA
With local authorities seeking efficiencies across the board, the London Pensions Fund Authority (LPFA) has secured its first administration client outside of the capital.
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Features
IAS 19 changes to drive derisking
Changes to accounting standards will bring sponsors and schemes closer together, and provide an impetus to derisk, according to consultants.
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Features
Case study: Shared services saves schemes 20% costs
The two county councils at the forefront of the “shared services” model recommended by an independent review for public sector schemes have achieved 20% savings in pensions administration and fund management.
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Features
Consultant survey: Fixed income reappraised post-2008
In the first of four special reports, we look at how the UK’s leading investment consultants have changed their views of fixed income since the financial crisis.
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Features
Case study: Nelsons ups employee contributions by 54%
Healthcare manufacturer Nelsons has increased its average employee contribution to 5.4% from 3.5% by replacing its communications provider and launching a new group personal pension (GPP).
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Features
Case study: Oracle ups membership to 87%
Oracle Pension Plan has increased its membership to 87% through a communications exercise, which also led to 74% of members making active investment decisions.
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Features
Regulator: How schemes can better protect members
The Pensions Regulator discusses how it is working with schemes to protect members’ benefits and preparing the industry for auto-enrolment.
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Features
Bonas case highlights need for covenant reviews
The Pensions Regulator’s decision to settle the Bonas case with a £60,000 contribution notice should serve as a warning to schemes to closely monitor their sponsor covenants.
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Features
More than two-thirds of buyout quotes fail to transact
Consultants and insurers have urged schemes to better prepare for derisking, following revelations that just one in three buyout quotations lead to transaction.
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Features
Case study: Tui slashes sponsor’s cash obligations
Tui UK pension scheme has agreed a deal to reduce its sponsor’s annual cash contribution by £38m in what has been called a “watershed moment”.
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Features
Manager competition essential to reduce DC fees
George Coats analyses what UK schemes can learn from how Norway achieved lower investment fees and higher levels of participation.
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Features
Consultant survey: Setting fixed income mandates
A survey of 12 leading investment consultancies has provided insight into how schemes can get the best out of their fixed income mandates.
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Features
Using the state pension to increase contributions
Schemes have been urged to use the state pension to drive engagement and increase employee contributions, following compelling research on motivations to save.
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Features
Schemes cut cost of deferred members' small pots
Defined contribution (DC) schemes are reaching a tipping point where the number of deferred members are beginning to overtake active ones, meaning greater administration costs for members no longer employed at the company.
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Features
Schemes react to costly derivatives reform
European regulation of over-the-counter (OTC) derivative trades has been temporarily paused for pension funds to meet requirements. George Coats considers the impact on UK schemes
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Features
CPI legislation will increase scheme costs
Schemes which revalue benefits according to the retail prices index (RPI) will face the increased costs of a double calculation under the government’s final plans for scheme indexation.
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Features
Retail insolvencies highlight need for covenant reviews
Managers of pension schemes in the retail sector have been urged to review their employer covenant in response to a host of high street insolvencies.
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Features
Regulator highlights DC failure over risk registers
The Pensions Regulator is planning to measure governance standards twice yearly after failing to increase the number of small schemes to have set up risk registers.
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Features
How to encourage greater uptake of the OMO
Schemes have been urged to provide more detailed information on annuity options to ensure retiring members get the most from their defined contribution (DC) savings.