HMRC refuses to extend VAT exemption to all
Published: 07 July, 2008
Schemes in wind-up are to continue suffering from unfair taxation rules, despite a landmark ruling.
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Hammersmith ups allocation with Majedie
Published: 07 July, 2008
The London Borough of Hammersmith and Fulham Pension Fund is to place a quarter of its £4.5bn fund in active UK equities with Majedie Asset Management.
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Our father who art...
Published: 07 July, 2008
For as long as most of us can remember, Gordon Brown has been identified as the most influential and powerful person in pensions. Rather like the shocking moment in Sleeping Beauty when the wicked queen goes to her talking mirror and finds out that she is no longer the fairest of them all, I suspect he has fallen off the number one spot.
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Increased mortgage costs will be the biggest cause of lower pension payments |
Debt rise set to trigger fund contribution fall
Published: 07 July, 2008
Rising mortgage costs are predicted to force many employees to lower their pension contributions over the next six months.
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Private pensions see a 10% drop in active membership
Published: 07 July, 2008
There has been an approximate 400,000 fall in active members of private sector pension schemes over the last year, according to the Office for National Statistics (ONS).
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Widows hit by over 20 claims of mis-selling
Published: 07 July, 2008
The number of schemes seeking compensation against Scottish Widows for alleged mis-selling of funds has grown to over 20, following publicity for the original claim.
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Bonds favoured by 46% of managers
Published: 07 July, 2008
Nearly half of pension scheme managers have undertaken an investment shift from equities to bonds during the past 12 months, according to research by Aon Consulting.
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NEWS In brief
Published: 07 July, 2008
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McPhail: O’Brien is being naive |
PA transfer rules will leave savers in lurch
Published: 07 July, 2008
The government’s proposal to prevent transferring in or out of personal accounts (PAs) will leave savers in a pensions “twilight zone”, according to advisers.
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Schemes derisking in preparation for buyout
Published: 07 July, 2008
The 100 schemes currently considering a buyout have avoided the worst of recent market falls, according to Paternoster’s Mark Wood.
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Regulator and PPF unveil wind-up guide for trustees
Published: 07 July, 2008
Guidance for trustees on how best to wind up pension funds within two years has been published by the Pensions Regulator.
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Merseyside to promote activism to members
Published: 07 July, 2008
The Merseyside Pension Fund has pledged to do more to inform its members of its active engagement on ethical investing.
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Ombudsman backs Aviva trustees
Published: 07 July, 2008
A co-habiting partner has won a Pensions Ombudsman determination in a dispute with her deceased partner’s parents over a death-in-service pension.
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NEWS In brief
Published: 07 July, 2008
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Malcolm McLean led the annual review for TPAS |
Scheme disputes leave pensioners struggling
Published: 07 July, 2008
Two employees had to wait five years to receive their pensions until the Pensions Advisory Service (TPAS) intervened, according to its annual review.
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Two schemes fall victim to false claims
Published: 07 July, 2008
British Steel and Western Power pension funds were found to be victims of fraud in a recent court case in Wales.
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Sainsbury’s refutes scheme sell-off rumour
Published: 07 July, 2008
Sainsbury’s has vehemently denied rumours suggesting it was considering selling its defined benefit (DB) pension scheme to a specialist insurer.
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Horlick: funds should be investing 10% of portfolio in alternatives |
Chief exec pans UK’s investment strategy
Published: 07 July, 2008
UK pension funds are way behind their European counterparts when it comes to investing in alternative investments, City ‘superwoman’ Nicola Horlick has claimed.
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10-strong group aims for 20% returns
Published: 07 July, 2008
A group of UK pension funds have placed significant investments in a hybrid property/private equity fund that is targeting returns of 20% a year.
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Fund trio opts for diversity to rise above rate changes
Published: 07 July, 2008
Three diversified fixed income funds that can reduce the impact of UK interest rate changes on pension schemes have been launched by Henderson Global Investors.
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No logo no brand
Published: 07 July, 2008
Analysis: The white labelling of funds is designed to offer DC scheme members clarity and simplicity of choice without the confusion resulting from named fund managers, says David Rowley
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The future’s not so bright for all
Published: 07 July, 2008
The Pensions Bill debate in the House of Lords last week picked over the oh so thorny issue of how auto-enrolled pension savings can be eroded in value, or even rendered completely valueless, through interaction with our system of means-tested support for the elderly.
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Controlling the risk-based levy seems to be a case of running to stand still
Published: 07 July, 2008
Companies registered in London fare better than those based elsewhere, which can only serve to exacerbate the north/south divide
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Solutions for a complex basket of risks
Published: 07 July, 2008
The past year has been evidence of how quickly and plentifully the challenges facing scheme trustees can arise, but there are many solutions to manage these risks
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M&S shareholders should oppose the Rose election
Published: 07 July, 2008
Its board’s disregard of the combined code will not just have consequencs for M&S, argues Tom Powdrill
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Emma Douglas - Director of UK DC sales, BlackRock |
My life outside pensions
Published: 07 July, 2008
It’s a case of lights, curtains, action for BlackRock’s director of DC sales this fortnight, as Emma Douglas invites us into her thespian extracurricular world.
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Third-party administration - Intermediate level
Published: 07 July, 2008
In the previous article, we covered the basics of third-party pensions administration. But what happens when you’ve made the decision to outsource? There are a number of key issues to consider.
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Roundtable
Published: 07 July, 2008
JOHN FITZPATRICK - Partner, Pension Corporation PETER ELWIN - Head of accounting and valuation research, Cazenove STEPHEN RICHARDS - Independent consultant, Richards Consulting DAVID BLAKE - Director, Pensions Institute KEVIN MCLAUGHLIN - Principal, Mercer GORDON WOO - Catastrophist
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Singh Bains swaps BGI for Watson Wyatt
Published: 07 July, 2008
Jagdeep Singh Bains (pic) is joining Watson Wyatt’s London office as a senior investment consultant.
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