All articles by Maria Terekhova
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Opinion
Pensions Ombudsman set to cast interventional net wider
From the blog: Last week the Pensions Ombudsman said the agency would begin taking a more proactive approach to interventions, especially in appeals that can have broader implications for the pensions industry – a departure from its previously more placatory tone.
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NewsEurope sneezes, the world catches cold: ICI falls 7.7 points in a month
State Street’s monthly Investor Confidence Index for July fell by 7.7 points globally from June, driven primarily by a drop in the European index following recent turmoil in the region.
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NewsSelect committees: Philip Green has 'moral duty' to help fix BHS pension deficit
A joint report published by the Work and Pensions Committee and the Business, Innovation and Skills Committee found negligence caused BHS’s pensions deficit, and opened the possibility of increasing the Pensions Regulator’s powers.
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FeaturesPlumbing scheme plans to seek guidance from Scottish courts as government drags feet on s75
Plumbing Pensions’ prolonged consultation with a departing employer over its exit fee has brought to light fundamental problems with section 75 debt legislation as it currently stands for non-associated multi-employer schemes.
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News
The looming DB skills gap: What can be done to slow the brain drain?
Any Other Business: Administration specialist Trafalgar House has urged the pensions industry to address the growing risk of an imminent defined benefit skills gap as schemes wind down and the industry fails to attract a new generation of talent.
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News
CFOs pushed to increase focus on DB schemes
A new survey has found that 59 per cent of chief financial officers said they should become more involved with the management of their companies’ defined benefit schemes, following a steep post-Brexit DB deficit increase.
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News
Property or pension: Where downsizing could pay off
A new report warns people planning to downsize to smaller properties and using the proceeds to fund their retirements that the resulting income will only be a fraction of a workplace pension.
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News
Regulator's annual statement omits Brexit implications
The Pension Regulator’s 2015-2016 annual statement has pinpointed the main changes and risks the UK pension industry faces, but has not taken into account recent economic turmoil and its effect on the pensions landscape, industry experts have said.
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NewsRestructure or rebrand: Finmeccanica’s DC changes
The decision by FuturePlanner, Leonardo-Finmeccanica’s defined contribution pension scheme, to replace two gilt funds with annuity protection funds despite significant structural overlap, raises questions about the extent to which DC restructuring may just be rebranding.
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News
Risk-averse DC members shy away from DGFs
At a Pensions Expert event this week, panellists debated how best to incorporate multi-asset strategies into defined benefit and defined contribution portfolios, agreeing that such strategies will become much more geared towards DC in the future.
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News
What will the Leave vote mean for Project Pool?
As the July 15 deadline for local government pension schemes to submit their asset pooling proposals approaches, experts have warned local schemes to expect delays to 'Project Pool' following the Brexit vote, but cautioned other obstacles might also arise.
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Opinion
Proposed trusteeship diploma gets mixed response
The Pensions Management Institute and the Association of Professional Pension Trustees have announced the launch of a joint consultation to introduce a Diploma in Pension Trusteeship to improve trustee education and standards of scheme governance.
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OpinionHow to keep on top of an ageing workforce
Over-50s are set to become the dominant age-group in the UK's workforce new analysis has shown, leading to potentially dramatic changes for employers and trustees.
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News
GPP provider list will raise standards, trustees say
The Pensions Regulator has added the first group personal pension provider to itslist of recommended GPPs open to all employers. It expects more providers to apply for inclusion, and said GPP demand will increase ahead of auto-enrolment compliance deadlines.
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News
British Steel’s proposed changes raise difficult questions
Discrepancies between the government’s recommendations for how BSPS should proceed and the scheme’s proposed alterations to its rules might make reaching a decision about its future on June 23 harder.
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News
Landmark SPPA ruling sets gender equality precedent
The Scottish Public Pensions Agency has ordered North Lanarkshire Council to treat back pay settlements issued to female employees following years of salary discrimination as pensionable.
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News
Is fintech really revolutionising UK pension schemes?
The pensions industry stands to benefit from implementing financial technology to address problems such as scheme members under-saving and not finding tailored retirement solutions, experts have said. However, not everyone agrees.
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NewsMarket instability tops referendum fears
Negative portfolio returns and prolonged unpredictability are the top concerns potential Brexit raises for pension stakeholders according to a new survey by pensions platform Mallowstreet. However, pensions insiders said these risks should already have started being addressed.
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News
Longevity risk anxiety overshadows subtler threats
New research commissioned by investment bank State Street has shown that a quarter of pension professionals consider longevity risk to be the biggest threat to pension schemes, but some say it should not take priority.
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News
Recent pension deficit reductions are unlikely to be sustainable
A survey of FTSE 100 companies’ pension schemes showed that during 2015 the overall pension deficit was reduced by £15bn, mostly by lower salary assumptions and higher discount rates, but experts say the trends responsible for the reduction have now reversed.