All Society of Pension Professionals articles – Page 3
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News
Professionals support switch to CPIH with no compensation
On the go: More than a third of pension professionals support a switch from the retail price index to the consumer price index incorporating owner occupier housing costs with no compensation, new research shows.
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News
Auto-enrolment process creates 'employee underclass'
Three out of four pensions professionals say employers should be free to statutorily enrol any employee they wish, even if current auto-enrolment age and earnings criteria are not met.
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OpinionNew year, new attitude to ESG compliance?
Happy New Year, the world is burning. While readers will doubtless have tried to take a step back from work as the second-hottest year in recorded history came to a close, it will have been tougher to disregard footage of Australia’s south-east being engulfed in flames.
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News
Trustees sitting on hands over ESG investment
On the go: A new survey has raised serious doubts as to whether pension funds will take meaningful action in the short term on sustainable investment issues, despite new regulations coming into force in October.
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News
Lancashire hails portfolio's positive impact on local area
The Lancashire County Council Pension Fund, which has invested £200m in its local community since 2013, has become an industry trailblazer amid growing interest in social impact investments.
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PodcastsPodcast: A closer look at DB consolidation
Podcast: Last month, the government published a consultation on the consolidation of defined benefit pension schemes. What is the outlook for DB superfunds? And what should trustees consider if they are thinking about switching from a sponsor covenant to a consolidator covenant? In this episode, Alex Hutton-Mills, managing director at Lincoln Pensions, and Paul McGlone, president of the Society of Pension Professionals, discuss the consultation and whether early adopter nerves are holding back inflows to the new DB consolidators.
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News
Government fires ‘starting gun’ on superfund deals
A government consultation published last week will allow the UK’s commercial defined benefit consolidators to press ahead with their first deals, it has been claimed, although some experts say questions remain over how the businesses can be prudently regulated.
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News
FTSE 100 DB risk drops nearly a quarter
The aggregate risk across FTSE 100 defined benefit schemes has fallen to its lowest level in four years, according to research that seeks to integrate covenant and investment risk.
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OpinionSurplus poses opportunities and challenges for PPF
It was recently reported that the Pension Protection Fund is considering distributing some of its surplus.
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OpinionIDWG cost disclosures are only the beginning
The Institutional Disclosure Working Group’s cost disclosure code has landed on the desk of the Financial Conduct Authority just under a year after the group first convened.
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OpinionSmall schemes should not pin hopes on consolidators
The concept of a commercial pension consolidator appears to have quickly moved from a nice idea to nearing reality. The Pension SuperFund claims to be close to its first transaction, while others are not far behind, albeit with quite different propositions.
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OpinionWhy pension pros need to keep it simple
I have been surprised a few times recently by people making comments showing that they really do not know as much about pensions as they think.
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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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OpinionPutting the USS closure debate into perspective
Pensions in the UK are often divided between the haves and the have-nots.
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News
Life expectancy falls by a year in some regions
Life expectancy growth in England is slowing, with some regions experiencing a drop of one year, according to research by Public Health England.
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NewsProspect members agree to BT pension deal
BT managers represented by union Prospect have voted in favour of a new pensions deal that will boost pay and aim to incentivise members of its defined benefit BT Pension Scheme to join the defined contribution BT Retirement Saving Scheme.
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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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OpinionAdd s67 rethink to the Christmas wishlist
My kids know exactly what they want for Christmas, thanks to the magic of advertising and the joy of not realising these things have to be paid for somehow.
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FeaturesWhat can we expect from the Autumn Budget?
Analysis: The chancellor’s Autumn Budget is fast approaching, but the industry should not expect any radical pension changes from a weak government bogged down by Brexit, experts say.
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OpinionWe need to narrow the pensions gap
A shameful difference in pension entitlements between men and women was highlighted in our recent survey on fairness in pensions.