All First Actuarial articles – Page 2

  • Features

    BAE actuarial switch sidesteps funding slump

    2017-12-05T00:00:00Z

    BAE Systems has ditched gilts-based valuations for its UK defined benefit schemes after gaining regulatory approval, freezing its deficit at 2014 levels and sparking controversy in the pensions industry.

  • News

    Auto-enrolment strikes a chord with small businesses

    2017-10-16T00:00:00Z

    Small and micro employers are finding auto-enrolment less costly and time-consuming than they had anticipated, research by the Department for Work and Pensions has found.

  • Opinion

    What is the pensions conference good for?

    2017-09-04T00:00:00Z

    Any Other Business: Trustees, consultants and asset managers flock to stuffy conference halls across the country to deliver speeches, spill pints and engage in lively debate over the issues of our time, but what is it the pensions conference really brings its participants?

  • Features

    Dyfed 97% funded but private schemes lag behind

    2017-05-05T00:00:00Z

    The Dyfed Pension Fund is approaching solvency as an investment review is set to largely stick with the scheme’s equity-heavy asset allocation, making for a sharp contrast to the situation at many private sector schemes.

  • Features

    JLT scheme deficit shows rate pain persists

    2017-04-25T00:00:00Z

    The UK pension scheme of consultancy and insurance business JLT Group saw its IAS 19 deficit jump during 2016, as bond yields proved a leveller for schemes of all sponsor types.

  • Getty Images
    News

    Royal Mail closure consultation could see strike action

    2017-01-06T00:00:00Z

    Royal Mail Group has begun consulting with active members on closing its section of the Royal Mail Pension Plan, spurring the threat of industrial action from unions if the sponsor does not react positively to their concerns.

  • News

    Is it time to stop worrying about deficits?

    2016-11-02T00:00:00Z

    Rising yields mean UK pension deficits are finally shrinking again, according to several industry monitoring systems, but is the defined benefit sector spending too much time concentrating on shortfalls?

  • News

    Hidden charges weigh pension pots down

    2016-05-25T00:00:00Z

    Pensions are being hit by more than 100 costs and charges, many of them hidden, which are potentially taking as much as a third off the gains of a pension over its lifetime, a study by the Transparency Task Force has found.

  • Getty Images
    Opinion

    What does Iain Duncan Smith's resignation mean for pensions?

    2016-03-21T00:00:00Z

    There was a big upset in Westminster over the weekend as former secretary of state for work and pensions Iain Duncan Smith resigned in protest over the chancellor’s latest round of benefit cuts.

  • News

    Tax relief off the table but Budget could still bring surprises

    2016-03-07T00:00:00Z

    The chancellor is reported to have shelved anticipated changes to pensions tax relief ahead of next week’s Budget, but industry commentators predict a further wrangle of the landscape could still be afoot.

  • Royal London
    News

    Royal London publishes first IGC report but independence questions remain

    2016-03-03T00:00:00Z

    Royal London has become the first provider to release an independent governance committee report, providing key insights into how committees are defining value for money and dealing with legacy pension schemes.

  • News

    Treasury empowers FCA to curb exit charges

    2016-01-19T00:00:00Z

    The Treasury today announced plans for new legislation that will place a duty on the Financial Conduct Authority to cap 'excessive' early exit charges for members seeking to access pension savings under the freedoms.

  • News

    Trustees and IGCs gifted with new tools to aid DC reporting

    2015-11-17T00:00:00Z

    Trustees and committees overseeing defined contribution arrangements have been thrown a line with new reporting templates to help them meet their governance obligations, but some argue a comparative framework could further strengthen the assessment of value in DC.

  • Bloomberg
    News

    FT chooses new provider as DC governance debate rumbles on

    2015-10-29T00:00:00Z

    Employers eyeing a transition into a contract-based defined contribution arrangement must consider the impact of a shift away from trust-based governance on members and administration, experts have said.

  • Warburtons (Getty)
    News

    Warburtons spells out the ABC of pension freedoms

    2015-10-16T00:00:00Z

    There has been a spike of interest in pensions since new freedoms were introduced six months ago, but some corners of the industry are struggling to communicate the choices available.

  • News

    Webb backs mastertrusts to lead CDC vanguard

    2015-01-21T00:00:00Z

    Pensions minister Steve Webb has signalled support for mastertrusts delivering a collective defined contribution option for members, at a Trades Union Congress conference on Wednesday – but at least one of the large mastertrusts has rejected the idea.

  • Opinion

    AE collaborations are a cop-out

    2014-03-03T00:00:00Z

    Auto-enrolment collaborations such as those mentioned in Pensions Expert last month are a “neat fusion” according to Zurich’s Stephen Lefley.

  • RPI-CPI gap
    News

    Employers consider RPI/CPI switch as gap widens

    2014-02-21T00:00:00Z

    Consultants have reported more employers trying to overcome the difficulties of switching from using the retail price index to the consumer price index to reduce scheme liabilities as the gap between the two measures widens.