More defined benefit news – Page 160
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News
SPC: Pot-follows-member a 'breeding ground' for fraud
The government’s pot-follows-member proposals threaten to “overstretch” the industry and expose members to greater risk of pension liberation fraud, if introduced at the peak of auto-enrolment in 2014, the Society of Pension Consultants has warned.
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Three out of four schemes to mitigate volatility
The use of volatility-reducing strategies has increased as schemes look to dampen the impact of current market conditions on portfolios, according to investment data.
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Wandsworth eyes collective investment lead
Wandsworth Council Pension Fund has set its sights on leading a London-wide collective investment vehicle to drive down costs, rather than a forced merger, pensions committee documents have revealed.
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Schemes turn to 'esoteric' ABFs to fill deficits
Schemes are being forced to be more creative in finding assets to back funding, industry experts have said, following deals using brands, intellectual property and whiskey.
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EMD losing its sparkle as schemes value EM equities
The recent lag in emerging market equity performance compared with developed markets is luring pension funds to an asset class they see as cheap compared to its debt counterpart.
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NewsPIPA 2013: The winners
The full list of the winners of the 14th annual Pension and Investment Provider Awards, held last night at the Sheraton Park Lane Hotel.
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Hackney: equities better than bonds over long term
Equities are more attractive in the long term than bonds, according to the London Borough of Hackney Pension Fund, which is even modelling the impact of a 100 per cent equity allocation on the scheme’s investments.
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NewsBA communicates with members on growth objective
The Pensions Regulator’s new objective to support employer growth has filtered through to members of the British Airways pension schemes, where trustees have met with the airline and regulator as part of the valuation process.
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Council funds clash over merger plans
Norfolk Pension Fund has rejected Local Government Pension Scheme merger proposals, saying they could harm fund services and trustee stewardship – but the London Pensions Fund Authority and unions have backed the move.
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Schemes grab chance to fireproof against inflation
Nearly half of pension fund trustees have incorporated longevity or swap contracts to tackle inflation risk, an upcoming survey will show, having benefited from favourable pricing last year to boost protection.
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How the 2013 funding statement affects your scheme
NEWS ANALYSIS: The Pensions Regulator’s 2013 annual funding statement has set out the flexibilities open to schemes in the tough economic climate, but pension professionals have said those carrying out valuations this year could find the process challenging.
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NewsHavering to fund 'stalled' local property projects
The London Borough of Havering Pension Fund is planning to invest in delayed local property projects including residential housing, as more council funds increase their exposure to property to match liabilities and boost community investment.
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NewsLocal authority schemes choose multi-asset to limit volatility
Local authority funds have ramped up their interest in multi-asset strategies as they try to manage the impact of volatility on their investments, according to new investment data.
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USS reform shares cost and risk with members
The Universities Superannuation Scheme has reformed its benefits, meaning active members will have to work longer and pay more to secure their retirement income.
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NewsLGPS reforms to swell private sector deficits
Private sector employers will be among the biggest losers of the 2014 local government pension scheme (LGPS) reforms.
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SME schemes get low-cost derivative access
Around 340 mainly small and medium-sized schemes have adopted a system of asset-liability modelling, previously only affordable to much larger plans.