All articles by Sophia Imeson – Page 8
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NewsCoats proposes merger of its UK DB schemes
Industrial thread manufacturer Coats has proposed a merger of its three UK defined benefit pension schemes to cut costs and increase efficiency.
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News
Plymouth & South West Co-op introduces illiquids and cuts DGFs
The Plymouth & South West Co-operative Society pension fund is decreasing its diversified growth fund exposure and introducing a new allocation to illiquid credit.
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News
Savers misjudge lifespans, as experts call for comms overhaul
Savers are underestimating their life expectancy, with ‘survival pessimism’ potentially driving the unpopularity of annuities, according to a new report.
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NewsAssociated British Ports consults on accrual change
Associated British Ports has proposed to change the accrual rate for its defined benefit pension scheme, in a bid to cut costs and focus on fairness while keeping the scheme open to accrual.
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News
Retirement defaults would strengthen UK system, experts say
UK pension commentators often point to the Netherlands as an example of a country with a good pensions system, but the UK’s introduction of freedom and choice has also attracted interest from Dutch pension experts.
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Opinion
Has auto-enrolment come of age?
Since its inception almost six years ago, auto-enrolment has succeeded in relying on inertia to help more people save for retirement, that much is clear. Uncertainty and a need to build on this success, however, remain.
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NewsParliamentary scheme elects alternative credit
The Parliamentary Contributory Pension Fund has introduced a new allocation to alternative credit to further diversify the scheme’s portfolio of return-seeking assets.
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Features
Does a good pension scheme improve recruitment and retention?
Analysis: Businesses believe that pension provision is having a positive impact on recruitment and employee retention, according to a recent study, but opinions are divided on whether retirement savings are seen as more than just a nice-to-have.
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News
PwC probed on Carillion fees and conflicts
MPs have grilled PwC partners on fees and the safeguards the accountancy firm put in place to prevent conflicts of interest arising from its various roles regarding collapsed contractor Carillion.
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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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News
Women push for equal pay settlement to be made pensionable
Former and current female employees of Glasgow City Council are pushing for pensions to be included as part of an equal pay settlement, as parties opt for negotiation over litigation.
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NewsVirgin Money introduces financial wellbeing portal for employees
Virgin Money has introduced a financial wellbeing portal to help employees think differently about their relationship with their own money, including retirement savings.
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News
MPs probe pension funds on climate risk amid wider ESG push
MPs are probing pension funds on their approach to climate change risk, as experts expect a ‘multi-pronged attack’ to push environmental concerns higher up trustee agendas.
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FeaturesGeneral Medical Council swallows DB closure pill
The General Medical Council is set to close its defined benefit scheme to future accrual from April 1 2018, and is in talks with the trustees regarding additional funding.
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News
Attractiveness of deferred debt arrangement remains to be seen
Employers in multi-employer pension schemes will now be able to delay the requirement to pay an employer debt when they cease accrual in the scheme, but opinions are divided on how attractive this will be.
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News
Could airline black box approach take off in the pensions industry?
A Pensions Institute report published on Wednesday has suggested that emulating the airline industry’s black box thinking approach of systematically analysing mistakes could solve many of the problems facing defined benefit schemes.
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FeaturesLadbrokes Coral Group shares its trustee board
High street bookmaker Ladbrokes Coral Group has appointed a single trustee board for its pension plans following a company merger, a move experts say can improve efficiency and consistency.
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NewsThales case shines light on power of scheme rules
A High Court case involving Thales and trustees of its pension scheme has concluded it cannot move from the retail price index to the consumer price index for some benefits, highlighting how the wording in a scheme’s rules dictates the measure of inflation that is used.
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NewsRegulator publishes British Steel section 89 report
The pensions watchdog has outlined its decision-making process in a regulatory report on the British Steel Pension Scheme, published six months after greenlighting the regulated apportionment arrangement to separate the BSPS from Tata Steel UK.
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NewsGovt defeated on 'discriminatory' changes for firefighters and judges
The Employment Appeal Tribunal is returning the firefighters’ discrimination case to the Employment Tribunal and has dismissed the government’s appeal over a similar case in relation to a group of judges.