All KPMG articles – Page 7
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News
Tesco ramps up in-house investment governance
Tesco Pension Fund chose to follow its internal investment team's advice over that of its consultant when choosing an alternative fund, reflecting how large schemes are moving investment governance in-house.
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News
Default fund strategies must home in on member outcomes
Defined contribution schemes should pay more attention to the retirement objectives of their members rather than the market benchmark when assessing the effectiveness of their default strategy, according to a report.
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News
Scheme grabs chance to hedge inflation risk
Marsh & McLennan Companies UK Pension Fund has increased its interest and inflation rate hedge for its defined benefit scheme, to help protect its funding position against fluctuations in rates.
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News
Poor data impeding derisking plans for smaller schemes
News analysis:Industry experts have said schemes with poor-quality information should not be put off derisking, following recent research showing many funds feel stifled by inadequate data.
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NewsTfL weighs up fee bump from strategy shift
TfL Pension Fund had its investment management expenses increase by almost a fifth in the year to March, partly due to a strategy shift that added eight investment managers.
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News
Pressure grows for improved default fund standards
News analysis: Focus on the design of default funds has sharpened following government and industry plans to explore new minimum standards, but the process presents challenges, industry experts have said.
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Features
South Yorkshire bucks trend with equity allocation
South Yorkshire Pension Authority has increased its allocation to equities over the past three years, concluding that stock selection within its equity portfolios helped it produce positive returns against the benchmark.
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News
Making good your scheme's common data shortfall
News analysis: The Pensions Regulator's annual record-keeping survey, released earlier this week, demonstrated a lack of awareness among smaller schemes of their data obligations, but also contained hints about how to repair administrative faults.
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News
Environment Agency to revamp SRI gameplan
The Environment Agency Active Pension Fund has said it is seeking “new and innovative ideas” on sustainable equity investment in a bid to lead best practice in the area while driving forward its responsible investment strategy.
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NewsAlternative assets hit plateau due to 'idea fatigue'
European schemes' interest in alternative assets has ceased its upward climb, with no improvement in uptake from last year, according to survey data.
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Features
Schemes called to help high earners on tax dilemma
Schemes have been called upon to improve their members' retirement outcomes by providing information to help them decide on tax-efficient saving.
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FeaturesWHSmith doubles surplus through LDI hedging
The newsagent’s pension scheme has managed to double its accounting surplus through its liability-driven investment strategy, following continued low interest rates.
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FeaturesAxa and ITV latest to face ETV/Pie governance risk
As pensions minister Steve Webb orders a review of controversial derisking exercises, Owen Walker discovers how Axa and ITV are currently approaching them.
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FeaturesPennon: Separate DB/DC cash to reduce admin risk
As the regulator toughens its demands on hybrid scheme governance, Ian Smith analyses how schemes including Pennon are managing their administration risk through clear separation of defined benefit (DB) and defined contribution (DC) funds.
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Features
Half of schemes considering ETVs to reduce risk
With research finding 50% of schemes are considering an enhanced transfer value (ETV) exercise to reduce their longevity risk, Ian Smith analyses five key elements of the process.
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FeaturesScottish & Newcastle diversifies with 5% in EMD
The Scottish & Newcastle Pension Plan will allocate 5 per cent of its assets to emerging market debt in a bid to diversify its growth portfolio.
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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
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.