All inflation articles – Page 5
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OpinionThe annual funding statement: Creating certainty from uncertainty
The release of the Pensions Regulator’s 2022 annual funding statement in April was set against a risk background quite different to that to which pension schemes have become accustomed.
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NewsTimms demands changes to GMP factsheet after public’s criticism
Work and Pensions Committee chair Stephen Timms has written to the Department for Work and Pensions demanding that it update and properly publicise its “insufficient” factsheet on guaranteed minimum pensions compensation.
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PodcastsPodcast: Uncertainty around inflation leads to ‘casino pensions’
Podcast: High levels of volatility around inflation will force trustees to “take a bet” on the future, as it is very difficult — absent a crystal ball — to predict inflationary pressure and its impact on scheme liabilities, says Pension Playpen chief executive Steve Goddard. He is joined by Cardano managing director Emily Goodridge to discuss inflation, technology in pensions, and the future of environmental, social and governance disclosure.
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NewsElectricity pensioners launch campaign amid inflation fears
The Association of Electricity Supply Pensioners has launched a campaign to protect the benefits of more than 100,000 members of the Electricity Supply Pension Scheme, amid fears that pension increases that do not match inflation could amount to significant losses.
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NewsSchemes could bag £100bn in savings after bank base rate hike
The Bank of England's anticipated move to raise rates could fuel huge savings for defined benefit schemes, although the inflationary outlook has deteriorated as the cost of living crisis continues to bite.
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NewsSchemes 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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NewsTPR funding statement flags uncertainty impact for valuations
High levels of uncertainty surrounding inflation, interest rates, mortality, energy prices and economic growth will put additional pressure on trustees completing their tranche 17 valuations this year, according to the Pensions Regulator’s annual funding statement.
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NewsScam warnings on DB transfers near record high
On the go: The number of scam warnings on defined benefit transfers is near a record high, despite a downward trend in transfer activity, XPS Pensions Group has said.
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NewsInflation hits 30-year high of 7%
On the go: UK inflation hit a new high of 7 per cent in March, as the cost of living crisis continues.
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OpinionInflation fears could see schemes move to lock in equity gains
Many trustees will have witnessed some remarkable gains from their global equity allocations.
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OpinionBuilding portfolio resilience: Should schemes consider hedge funds?
While 2021 was another strong year for the equity and bond markets, the road ahead looks far less rosy and more uncertain.
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NewsInflation hits 30-year high of 6.2%
On the go: Inflation hit another record in February, piling the pressure on the chancellor to address the soaring cost of living in his Spring Statement on March 23.
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NewsGovt pledges to honour triple lock for rest of this parliament
On the go: The state pension triple lock will be honoured for the remainder of this parliament, Thérèse Coffey has said.
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PodcastsPodcast: Is this really the right time for auto-enrolment expansion?
Podcast: Expanding auto-enrolment is a great idea in theory, but with sky-high inflation, a cost of living crisis and the potential for a global recession to exacerbate it, is now the right time to pursue it? LCP partner Mary Spencer and Cartwright’s director of investment consulting Sam Roberts debate the merits, discuss pension schemes’ reaction to war in Ukraine, and explore the industry’s readiness for long-term inflation.
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OpinionUnprecedented DB scheme funding levels: Is this as good as it gets?
For the first time in nearly two decades, aggregate funding ratios for UK defined benefit schemes are at historic highs.
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NewsUSS deal pushed through as unions threaten more strikes
Employers have agreed a deal with the trustee of the Universities Superannuation Scheme that will stave off “ruinous” contribution rate hikes resulting from its controversial 2020 valuation, but unions are threatening further industrial action over what they say amounts to a 35 per cent cut to member benefits.
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NewsGovt confirms GMP revaluation rate after receiving only two responses
On the go: The Department for Work and Pensions will be lowering the guaranteed minimum pension fixed rate revaluation for early leavers by 0.25 percentage points, after its consultation into the matter attracted just two responses.
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NewsNorfolk Pension Fund takes Apple to court over losses
A court in California has granted Norfolk County Council’s petition, on behalf of the Norfolk Pension Fund, to be named lead representative in a class action lawsuit against Apple over alleged securities fraud.
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NewsInflation rises to 30-year high of 5.5%
On the go: Inflation in the UK has reached its highest level since March 1992 as the cost of living continues to rise.
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NewsCalls to raise the contribution limit for non-earners
On the go: The pension contribution limit for non-earners should be significantly increased to help tackle the pension savings gap, Aegon has said.