All Independent Governance Group (IGG) articles
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People NewsAppointments: Royal Mail, IGG, TPT, Law Debenture
The latest hires, promotions and appointments for the week ending 13 September 2024.
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People NewsPension industry movers and shakers w/e 15 September
This week's pension industry movers and shakers: including the IGG, IFoA, The Link Group as well as Aon’s buyout and wind-up services in the UK.
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People NewsMovers and shakers w/e 25 August 2023
People news from First Actuarial, Independent Governance Group and K3
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FeaturesDB schemes and LDI: ‘We’re through that firefighting phase’
Analysis: The dust has settled after a tumultuous month for defined benefit pension schemes.
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NewsEmployers face contribution calls to maintain schemes’ hedging ratios
The sponsoring employers of defined benefit pension schemes look set to be called on for advances of contributions or additional funding, as schemes seek to preserve their liability hedging and lock in their improved funding levels.
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NewsBank of England buys gilts to protect pension funds
The Bank of England has commenced a round of government bond purchases in an attempt to stabilise markets, after falling government bond prices prompted collateral calls for pension funds.
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NewsTPR’s web-based scheme return questions cause industry mayhem
Actuaries, trustees and consultants are disappointed with a new method introduced by the Pensions Regulator for scheme returns, pointing out that a web-based form with additional questions implemented this year has increased the risk of providing wrong information.
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NewsSole trusteeship to achieve ‘significant growth’ in 2022
Sole trusteeship to achieve 'significant growth' in 2022Data crunch: The professional corporate sole trusteeship model is expected to have a 'very positive' impact on scheme governance in 2022, with smaller plans being the quickest on the uptake, a Ross Trustees survey findsEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', ...
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NewsHealthcare diagnostics scheme completes £130m full buy-in
On the go: The PerkinElmer (UK) Pension Scheme has completed a £130m full buy-in with Phoenix Group subsidiary Standard Life.
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NewsGovernance burden does not translate into value, industry says
On the go: Pensions professionals have said the burden of the increased level of scheme governance is not worth the value it brings, a survey from XPS Pensions Group has found.
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NewsOmbudsman sides with Pilots’ trustee on accrual rate changes
The Pensions Ombudsman has sided with the trustee of the Pilots’ National Pension Fund in its move to change the scheme’s benefits accrual rate, noting that the decision was reached “following a reasonable decision-making process”.
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OpinionSole trustee code of practice will improve schemes’ risk management
The recent release of the sole trustee code of practice by the Association of Professional Pension Trustees will ensure a continued drive for improved governance and standards for pension schemes.
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News
Hitachi completes £275m buy-in with L&G
On the go: The Hitachi UK Pension Scheme has agreed a £275m buy-in transaction with Legal & General that covers the remaining deferred members and retirees, after a similar deal in 2018 with Scottish Widows.
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OpinionThe dawn of continuous governance
As far as pension trusteeship is concerned, ‘continuous governance’ is exactly as the name would suggest: the constant oversight and continuous monitoring of all the working parts that make up an occupational pension scheme.
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OpinionPension funds face a dilemma if negative rates materialise
The spectre of negative rates is not a new one for trustees of UK pension funds. Real interest rates, which are returns adjusted for inflation and represent growth or loss in purchasing power, have long been mired well below zero.
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FeaturesHow trustees can better navigate the DB endgame
How trustees can betternavigate the DB endgame Talking Point: Experts at a recent PensionsExpert event discuss what DB 'endgame'options are available to pension schemes asthey mature and their funding levels improveEnterkeywords.sh_embed {position: relative;height: auto;width:100%;z-index: 0;overflow: hidden;background-color: #222;color: white;font-family: 'Lato', 'Helvetica Neue', Helvetica, Arial, sans-serif;}.sh_embed * {-webkit-box-sizing: border-box;-moz-box-sizing: border-box;box-sizing: border-box;}.sh_embed .sh-embed-bg ...
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News
Between two boards: Balancing the dual roles of exec and trustee
The broader experience of financial directors and company executives may enhance pension trustee boards' insight and understanding, but conflicts of interest should be carefully managed.
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NewsKodak deal captures new age of sponsor-scheme creativity
News analysis: Purchasing assets from insolvent sponsors could become more common for schemes looking to secure member benefits, according to lawyers working on the Kodak case.