All Legal & General articles – Page 9
-
News
Nortel bought out after 9-year struggle
On the go: The UK pension scheme of failed telecoms giant Nortel has been bought out with Legal & General in a £2.4bn transaction, bringing nine years of uncertainty for members to an end.
-
News
Lessons from Oz: Former regulator urges hybrid product adoption
A former deputy chairman of the Australian Securities and Investments Commission has urged UK defined contribution schemes to better protect members by developing default retirement products combining drawdown and lifetime income.
-
FeaturesEnfield cuts equities for MAC following review
The Enfield Pension Fund’s policy and investment committee has agreed to move £50m into multi-asset credit from equities, following a comprehensive review of its fixed income portfolio with its investment adviser.
-
OpinionThe rise and rise of factor investing
Data Crunch: Factor investing has attracted a lot of attention from the UK pensions industry. Defined benefit schemes have seen factors as a way to diversify their growth assets and achieve greater control of risk, while defined contribution schemes are exploring default investment strategies that may offer better value for money to their members.
-
FeaturesHaringey to swap passive equities for multi-factor strategy
The London Borough of Haringey Pension Fund has agreed to convert nearly half of its equity allocation from a passive fund into a multi-factor global strategy. It has also recently trimmed an overweight position in equities into its multi-asset absolute return and credit strategies.
-
News
Smart Pension and L&G to develop first default retirement pathway
Default retirement pathways could become a feature of the UK pensions system as early as next year, as Smart Pension and Legal & General announce plans to develop a product combining drawdown and annuities.
-
News
Further details emerge on consolidator safeguards
Investors in The Pension SuperFund will not begin to receive returns on their capital until its consolidated schemes have passed a 115 per cent funding target, its executives have told the Work and Pensions Committee.
-
Features
Cumbria implements equity protection strategy
The Cumbria County Council Pension Fund has joined the ranks of local authorities hedging their equity downside with an equity protection strategy. Nearly £1.1bn of the fund’s equities will be covered by the arrangement.
-
News
Now Pensions bottom of default fund league tables
Now Pensions has the worst performing default fund of any major defined contribution provider, according to a new report by product review company Defaqto.
-
News
IGC reporting fails to identify value for money
Independent governance committees are failing to adequately report the value for money represented by their respective providers, according to a new report ranking the committees on scrutiny and transparency.
-
OpinionChallenging providers is key to boosting value
Since April 2015, trustees have had to decide whether the costs paid by their members are good value. But how do they do this?
-
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.
-
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.
-
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.
-
Opinion
DC Debate Q3: How should schemes invest DC assets in a changing world?
In the third DC Debate of 2017, six defined contribution specialists discuss emerging markets, how Brexit will affect DC investment, and how schemes should decide on a default fund.
-
FeaturesSSE wipes off £1.2bn of longevity risk
FTSE 100 energy company SSE has completed £1.2bn of longevity risk hedging for two of its defined benefit pension schemes, comprised of two buy-ins and longevity swaps with separate insurers.
-
OpinionPractical steps for improving DC savings
These are difficult times for pension savers. The long-term transition away from defined benefit, combined with low wage growth, increased life expectancy and lukewarm market outlooks, means many will find it challenging to achieve the kind of retirement they desire.
-
Opinion
DC Debate Q2 (part 2): The limits of DC
In the second DC Debate of 2017, seven defined contribution specialists discuss why schemes will look for more delegation, whether member engagement can be counterproductive, and if auto-enrolment should be extended.
-
Opinion
DC Debate Q2 (part 1): Are equities best for defaults?
In the second DC Debate of 2017, seven defined contribution specialists discuss ESG in default funds, and what to say to members when markets fall.
-
News
First asset managers commit to LGPS transparency code
The Local Government Pension Scheme advisory board has launched its code of transparency to improve cost disclosure, amid early indications that asset managers will sign up.