All Sackers articles – Page 10
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Opinion
What schemes can learn from this year’s top 5 legal stories
Legal rulings on issues including increased pension loss payouts, clarification on RPI guidance and the introduction of new accounting reporting frameworks have challenged schemes to respond and factor in these changes in the year ahead.
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Opinion
Where is innovation coming from in fiduciary management?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien, and Towers Watson’s Pieter Steyn compare experiences of innovation within the fiduciary management arena, in the final part of this discussion.
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Opinion
What are the relative strengths of asset managers and delegated consultants?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien, and Towers Watson’s Pieter Steyn try to understand the differences between traditional asset management and delegated consultants, in the third of this fiduciary management series.
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Opinion
Does fiduciary management have a transparency problem?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien and Towers Watson’s Pieter Steyn cover transparency of fees and information, in the second part of this fiduciary management debate.
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Opinion
Is it possible to compare fiduciary managers on performance?
Barnett Waddingham’s Simon Cohen, Buck Consultants’ Brian McCauley, Goldman Sachs Asset Management’s Carolyn Tavares, Russell Investments’ Shamindra Perera, Sackers’ Stuart O’Brien and Towers Watson’s Pieter Steyn discuss performance, reporting models and metrics, in the first of a four-part panel debate on fiduciary management.
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Opinion
Why longevity swaps and LDI are losing out in current market conditions
The menu of bulk derisking transactions for pension schemes typically includes longevity risk transfers, buy-ins and buyouts, and liability-driven investment mandates.
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Features
Scheme managers raise doubts on joint LGPS governance boards
Local authority schemes have raised concerns over whether incoming pensions boards can be combined with their existing section 101 committees, one of the options in the government’s consultation on governance in the Local Government Pension Scheme.
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NewsHow your scheme could benefit from the Arcadia CPI judgment
Employers have been encouraged to assess whether they can switch from the retail prices index to the consumer price index to reduce their liabilities, after a High Court ruling last week.
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News
PPF assesses out-of-cycle valuations for schemes affected by 'money purchase' definition
The Pension Protection Fund launched a consultation last week to assess the material change in risk to the lifeboat brought about by the changes to the definition of money purchase benefits, which will come into force later this year.
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News
Schemes face LDI rethink to meet Emir collateral demands
Industry experts have warned that schemes using liability-driven investment strategies may face higher costs and additional risks when the European Market Infrastructure Regulation’s collateral diversity requirements come into force.
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Opinion
Exploring the impact of the government's 'money purchase' change
In October 2013, the Department for Work and Pensions published a consultation paper on reclassifying defined contribution benefits.
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News
Ombudsman decision underscores record-keeping risk
Schemes have been urged to record benefit decisions after a determination by the pensions ombudsman found against trustees that had not properly documented a resolution to cease discretionary increases.
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News
Schemes called upon to boost comms as tax deadline approaches
Schemes should communicate changes to the annual and lifetime allowance to both active and deferred members to ensure savers do not lose their fixed protection, industry experts have said.
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News
Scams burden remains in spite of HMRC registration
News analysis: A High Court ruling last week established the Pensions Regulator’s authority to take action against schemes it believes to be fraudulent.
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Opinion
Why clarity is needed over pensions liberation
In common with other periods of economic decline or instability, there is growing evidence of a rise in pension liberation fraud and the systematic targeting of vulnerable members.
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Opinion
Audits can speed up AE’s legal sign-off
Ferdinand Lovett proposes a four-stage audit so companies ensure they get the best from auto-enrolment legal advice
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News
Experts divided on takeover code change implications
Legal experts are split on whether changes to the takeover code coming into effect today have any impact on the power of pension schemes whose sponsors are the target of a merger or acquisition.
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FeaturesRoyal Mail and M&S trim trustees to reflect membership
The Royal Mail and Marks & Spencer pension schemes have reduced the size of their trustee boards to ensure they are more representative of their membership.
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FeaturesRailpen warns members of early-release scams
The Railways Pension Scheme has drawn its members' attention to the potential danger in early-release pension offers, which accounted for £200m taken out of pension funds last year.
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FeaturesITV: Collateral crucial for safe derisking
Pippa Stephens and David Rowley look at the lessons learned by the ITV scheme from its £1.7bn longevity swap deal.