All Hymans Robertson articles – Page 3
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News
Technology is biggest challenge most DB sole trustees face
On the go: Nearly two-thirds of defined benefit scheme sole trustees have earmarked technology as their biggest challenge for the next few years, according to new research.
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News
New proposals set DB schemes on path to ‘low dependency’
Defined benefit pension schemes will need to be funded in such a way that they are in a state of “low dependency” on their sponsoring employer by the time they are significantly mature, under new government proposals.
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News
DWP gives schemes greater scrutiny of asset managers on voting
Pension schemes will be able to use the asset manager tender process to challenge prospective managers on how they would vote on shareholder resolutions, the government has said.
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News
Bulk annuity deals hit £27.7bn in 2021
On the go: Buy-in and buyout transactions hit £27.7bn in 2021, with the majority of deals, representing £20.9bn, occurring in the second half of the year, according to new research.
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News
De La Rue agrees £320mn buy-in
On the go: The £988.7mn De La Rue Pension Scheme has agreed a £320mn buy-in with insurer Scottish Widows.
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News
Bank of England raises interest rates to 1.25%
On the go: The Bank of England has raised interest rates for the fifth time in a row to 1.25 per cent.
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News
National LGPS Frameworks appoints admin companies
On the go: The National Local Government Pension Scheme Frameworks has appointed a series of companies to provide pensions administration and operational support services.
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News
Master trust retirement outcomes 5% above pre-pandemic levels
On the go: Expected retirement outcomes for defined contribution master trust members now sit 5 per cent above pre-pandemic levels, according to Hymans Robertson.
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Features
Pension fund focus on ESG opens questions over insurer back books
Billions of assets purchased by insurers to back UK retirement promises have the potential to drive corporate progress on issues such as climate change, and pension fund trustees are now indicating a willingness to pay extra for better stewardship.
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News
TUC urges govt action on ‘whopping’ gender pensions gap
The income gap between men and women in retirement has reached 38 per cent, more than twice the level of the gender pay gap, as women continue to be at a disadvantage in their later years.
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Opinion
Will inflation knock your scheme’s endgame strategy off track?
Effective defined benefit endgame strategies require three things for success. First, a clear endgame objective, second a clear plan to get there, and finally an effective governance structure to keep the scheme on track.
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News
Scheme costs ‘could increase’ under plans to promote illiquids in DC
The Department for Work and Pensions’ plans to promote investment in illiquid assets could end up increasing costs for members and raise the regulatory burden on schemes without improving retirement outcomes, consultants have warned.
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News
Schemes to weigh up £8bn cost of discretionary increases
Defined benefit schemes in the UK will have to weigh up the significant costs of granting discretionary increases later this year, which could add up to £8bn in liabilities across private sector DB schemes, according to Aon.
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News
LGPS funds race to complete McCloud data remedy
Some employers are struggling to provide their Local Government Pension Scheme funds with the necessary information to complete the McCloud data remedy exercises.
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News
DC infra investments could surpass £100bn by end of decade
On the go: Defined contribution assets invested in infrastructure may cross the £100bn mark by the end of the decade, according to new research.
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News
Insurers can influence DB transfer values at buyout up to a quarter
On the go: Defined benefit members’ transfer values can vary by up to 25 per cent depending on the choice of insurer at buyout, research has revealed.
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Podcasts
Podcast: Spring Statement - Missed opportunity to support savers
Podcast: A light Spring Statement on pension topics meant that important issues such as financial education and support for institutional investors are still missing from the government’s agenda, argued Callum Stewart, head of defined contribution investment at Hymans Robertson, and Charlotte O’Leary, chief executive and executive director at Pensions for Purpose.
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News
‘Core’ bulk annuity deals hit record level in 2021
On the go: Bulk annuity deals of £1bn or under reached a new high in 2021, in a year that saw volumes driven by momentum in the second half, according to Mercer research.