All LCP articles – Page 16
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Opinion
Is ESG on course to become the norm in DC defaults?
High profile corporate governance failures, campaigns against the use of plastics, and US pension funds criticised for holding gun manufacturers after the latest school shooting – a powerful combination of recent events has pushed environmental, social and governance investing further up the institutional agenda.
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NewsFines for DB negligence leave industry split
Employers who wilfully or recklessly put their defined benefit pension schemes at risk are in the firing line of new punitive fines announced in a government policy statement released on Monday.
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FeaturesJLR drives down costs with DC strategy refresh
UK automotive stalwart Jaguar Land Rover has embarked on a complete overhaul of its defined contribution offering in a bid to drive down costs and improve member outcomes.
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News
Lower rises in life expectancy are no longer a blip
The recent slowdown in life expectancy rises has settled into a general trend, according to new data.
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News
Post Office workers’ scheme agrees £450m buy-in
The Royal Mail Pension Plan has agreed a £450m bulk annuity transaction to insure the liabilities of its Post Office Limited section.
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NewsCombined Nuclear picks TDFs for flexibility
The trustees of the industry-wide Combined Nuclear Pension Plan have added target date funds to its defined contribution scheme, having put the move on hold when the pension freedoms were first announced.
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News
Consultants commit to flagging ESG factors
Sixteen investment consultancy firms have said that they will seek to ensure that pension schemes take into account environmental, social and governance factors where they are financially material.
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Opinion
IORP II marks an underwhelming farewell from the EU
The EU’s new directive on pension funds will see schemes producing benefit statements on a yearly basis, while risk-management standards will be dragged up and borders broken down, but the overall impact will be limited.
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News
PASA selects members for Transfers Working Group
The Pensions Administration Standards Association has today announced the 23 members of its new Transfers Working Group, which aims to look closely at defined benefit transfer delays.
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News
Bulk annuity transfers to pass £15bn in 2018
2018 will be the first year in which buyouts and buy-ins for UK defined benefit schemes exceed £15bn, consultancy LCP has predicted, with improved funding levels and keen insurer pricing helping to establish a “new normal” in the bulk annuity market.
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FeaturesOxford University Press scheme invests in stressed debt
Trustees of the Oxford University Press Group Pension Scheme have made a new allocation to stressed debt, an asset class that is best suited to "fleet of foot" pension funds, experts say.
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Opinion
DC Debate Q4: Mastertrusts, AE and more
Six defined contribution specialists talk mastertrusts, compulsion, and what lessons can be learnt from DC systems around the world.
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News
Lower rise in life expectancy no cure for schemes
After years of steady increases, improvement in life expectancy dropped to 1 per cent a year in 2016 from 3.1 per cent per year in 2011 in England and Wales, but low discount rates mean the rises still matter.
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Opinion
DC Debate Q4: Multi-asset to ETFs – which vehicles work for DC?
Six defined contribution specialists discuss what risk means for DC investors, and whether the time is now for ETFs.
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NewsSony zooms in on buy-in saving with medical data
The UK scheme of Japanese electronics giant Sony agreed a buy-in in May this year, covering its highest liabilities, with medical underwriting carried out after the deal.
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NewsGovernment pushes for patient capital in Autumn Budget
Autumn Budget 2017: Chancellor of the exchequer Philip Hammond stated the government’s desire to see pension funds invest in patient capital as part of its Autumn Budget.
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FeaturesTRW drives up high-yield credit allocation
Trustees for the pension plan of automotive company TRW have added to the scheme's high-yield credit allocation, but opinions on the outlook for this asset class are divided.
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News
One in five FTSE 100 DB schemes could fail in a recession
Twenty per cent of FTSE 100 defined benefit schemes would be at risk of failure in the event of an economic downturn, according to new research by Cardano and Lincoln Pensions.
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OpinionBillions to go backwards – now how do we move forwards?
Pensions Expert 20th Anniversary: FTSE100 companies paid £150bn into their pension funds over the past decade, but unlike in 2007, their accounts showed a deficit.
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Opinion
DC Debate Q3: From platforms to post-freedom changes
In the second part of this quarter’s DC Debate, six experts discuss in-scheme drawdown, platforms, and the pros and cons of running a bundled or unbundled scheme.