All articles by Sophia Imeson – Page 4
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FeaturesLafarge pension scheme enters into longevity swap to reduce risk
The Lafarge UK Pension Plan has entered into a longevity swap with a global reinsurance company, in a bid to reduce the scheme’s exposure to longevity risk.
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News
New criminal sanctions could be difficult to enforce, experts say
The government has said that it plans to go ahead with proposals for new criminal offences to prevent and penalise mismanagement of pension schemes, but enforcing these sanctions may prove challenging, experts say.
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News
Insurers brace themselves for DB superfund disruption
Insurers are bracing themselves for disruption by superfunds, but their desire and capability to establish their own defined benefit consolidation vehicles remains unclear.
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Features
UK schemes slash equities following long bull market
The global financial crisis gave rise to a record-long bull run, but in recent years many DB pension funds have been preparing for the inevitable end to these highs by reducing their reliance on equities.
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NewsFCA investment pathway proposals welcomed, but concerns remain
The Financial Conduct Authority’s recent proposals on investment pathways have been widely welcomed, but questions remain over the suitability of ready-made drawdown solutions.
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FeaturesGSK launches new investment options for DC members
Global healthcare company GlaxoSmithKline and the trustees of its pension plans have introduced two new defined contribution lifestyle options, responding to a change in member retirement saving behaviour following the introduction of pension freedoms in 2015.
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NewsBritish Steel review calls for better member support in restructuring
A review of the communications and support provided to steelworkers during the British Steel Pension Scheme ‘Time to Choose’ exercise has called for legislative changes, regulatory collaboration and better guidance for trustees to help them manage a restructuring.
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News
DB providers lag on administration with months-long info delays
Defined benefit pension providers are lagging behind their defined contribution counterparts when it comes to providing information necessary for advising members on matters such as pension freedoms, recent research has shown.
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Features
Cummins scheme introduces sharia-compliant option
The Cummins UK Pension Plan has launched a fund for defined contribution members wishing to invest their pension in compliance with sharia law, while experts call for better sharia pensions provision across the UK.
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FeaturesDiageo offers PIE and writes to members after rise in DB transfers
The Diageo Pension Scheme is offering a pension increase exchange exercise to defined benefit pensioners, and has outlined plans to write to deferred and active members explaining transfer options, following a spike in members cashing out.
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FeaturesHighland scheme mulls insurance policy for ill health retirement costs
The Highland Council Pension Fund is considering the option of taking out an insurance policy to protect the scheme against substantial ill-health retirement costs.
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News
Reuters Pension Fund completes £625m pensioner buy-in
The trustee of the Reuters Pension Fund and Thomson Reuters have completed a £625m full pensioner buy-in for the scheme, in the biggest annuity transaction yet for insurer Canada Life.
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Features
How can we get the 'squeezed middle' saving more for retirement?
Analysis: Research has shown that 35 to 49-year-olds are worried they are not saving enough for retirement, with many facing several financial challenges. So, what can be done to help this ‘squeezed middle’ group of workers put more towards a pension?
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News
FCA examines barriers to investing in patient capital
Experts have welcomed a recently published Financial Conduct Authority consultation, which seeks to address barriers the watchdog's rules may present to investment in patient capital, but concerns remain over the suitability of this type of investment for defined contribution schemes.
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NewsM&B switches to drawdown and moves deferreds to master trust
The Mitchells & Butlers pension scheme has updated its defined contribution default strategy to target drawdown purchase, directing members to a master trust for retirement provision.
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News
21% of older workers think they are too savvy to be scammed
A joint regulatory scams awareness campaign has prompted tens of thousands of people to seek information about pension scams, but more than half of 45-65 year olds with a pension still do not think they are likely to be targeted by con artists.
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News
Southern Water agrees higher DRCs after regulator investigation
Utility company Southern Water has agreed to pay significantly higher deficit repair contributions under a shorter recovery period, following an investigation by the Pensions Regulator.
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OpinionMaking the right decisions
Editorial: Guidance can help savers make the right decisions, but not enough people are taking it.
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NewsXerox MNT constituency opened up for all members
The Xerox Pension Scheme has broadened its employed member constituency for member-nominated trustees to include all members, due to the dwindling number of members who are employed by Xerox.
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News
Customers satisfied with Pension Wise, but take-up concerns remain
Nine in 10 customers who have had a Pension Wise appointment are satisfied with their experience of the service overall, a recent report has shown, but concerns remain over the take-up of the government-backed guidance service.