TUC charter to radicalise DB trustee role
Published: 28 July, 2008
The Trades Union Congress (TUC) is launching a pensions charter to prepare defined benefit trustees for the demands of recession and the threat of buyout.
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Default funds are mystery to some DC managers
Published: 28 July, 2008
Almost a quarter of personnel in charge of defined contribution (DC) schemes are unfamiliar with their default investment option.
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We all need a holiday
Published: 28 July, 2008
This time last summer, people working at the Pensions Regulator were being asked to put off taking their holidays to help shift an enormous backlog of clearance applications. To all those weary of over-regulation, this was a fact seized upon with some glee. However, as you read this, the chances are there is a member of the regulator sitting in a villa in Tuscany sipping a glass of chianti, or snorkelling around a reef in the Caribbean looking for rainbow fish.
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The EU courts’ decision could open up the buyout market |
Solvency II rules could lead to buyout boom
Published: 28 July, 2008
Rules imposed by Solvency II recommendations could result in a buyout explosion.
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Admin outsourcing is more than just a cost-saving exercise
Published: 28 July, 2008
Pension outsourcing decisions are more likely to be due to a focus on core business activities rather than cost-saving, according to research from Aon.
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Woolworths to close its doors on final salary
Published: 28 July, 2008
One of the last open final salary schemes for retail workers is to close after Woolworths said no new employees will join from August 31.
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Cowling: most schemes now face levy increase |
Latest measure of FTSE liabilities
Published: 28 July, 2008
The total disclosed pension liabilities of the FTSE 100 companies have increased to £381bn in the last year, according to Jardine Lloyd Thompson (JLT).
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NEWS In brief
Published: 28 July, 2008
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Barber: the increase in the number of MNTs is good news |
TUC pushing for more MNTs to boost diversity
Published: 28 July, 2008
Less than 2% of all trustees are either from an ethnic minority or are aged under 35, according to research from the Trades Union Congress (TUC).
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PA contribution calculations to remain unchanged
Published: 28 July, 2008
Pension schemes will be able to use their existing means of calculating pay when determining if they are exempt from placing employees into personal accounts.
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Carpet shop error makes case for records standard
Published: 28 July, 2008
A UK carpet shop, which accidentally enrolled customers into its pension scheme, has been highlighted as evidence of the need for better industry-wide record-keeping.
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Burgess: the image of UK equities is at stake |
Foreign firms pose threat to governance
Published: 28 July, 2008
Legal & General Investment Management (LGIM) has said that the entrance of foreign mining companies into the FTSE 250 will damage the image of UK equities.
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Fees fail to boost manager performance
Published: 28 July, 2008
Investment companies’ performance fees do not enhance returns, despite their growing popularity, according to research.
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NEWS In brief
Published: 28 July, 2008
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Valuation concerns halt longevity trigger
Published: 28 July, 2008
The National Association of Pension Funds (NAPF), consultants and schemes have broadly welcomed the Pension Regulator’s move to delay a longevity trigger for schemes, but concern remains over its impact.
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Wind-up drifters awarded compensation
Published: 28 July, 2008
A small group of employees that slipped through the net of the Financial Assistance Scheme (FAS) and the Pension Protection Fund (PPF) are to be compensated.
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Career average expected to replace final salary by 2012
Published: 28 July, 2008
Most local government schemes believe their final salary offering will be scrapped and replaced with a career average revalued earnings scheme by 2012.
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Wright: pension funds seek a bond-like structure of income |
Retail slide triggers call for lease overhaul
Published: 28 July, 2008
Pension funds that own retail property are facing pressure from retailers to renegotiate leases as a downturn hits the high street.
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Newsquest plumps for fund-of-hedge funds
Published: 28 July, 2008
The £400m Newsquest Pension Scheme has made a 10% allocation to fund-of-hedge funds in a bid to achieve superior risk-adjusted returns.
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NEWS In brief
Published: 28 July, 2008
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“It’s clear there’s a direct alignment between minimising employer burdens and low costs”
Published: 28 July, 2008
PROFILE: Keen to clear PADA’s name after numerous negative stories on personal accounts in the media, Tim Jones is ready to talk design issues and political problems. Charlie Thomas meets the man behind the most-discussed delivery authority of the moment
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Tories could inherit pensions time bomb
Published: 28 July, 2008
David Cameron suffers regular broadsides, often from the right-wing media, that he is travelling ‘policy-lite’. What Cameron decides on policy, and when to disclose it, is clearly a matter for him. But events in the pension field demand that he soon declares what he may do.
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A compelling case for ethical investing makes it a match for mainstream funds
Published: 28 July, 2008
Thanks to strengthening manager track records, scepticism over SRI performance has begun to evaporate
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Comeback for commercial property?
Published: 28 July, 2008
Those invested in commercial property might be worried about what the next 12 months have in store, but some comfort can be gleaned from previous cycles
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Putting passive ethics into personal accounts
Published: 28 July, 2008
Auto-enrolment is dependent on inertia, but could a similar tactic be used to get those people into SRI, asks Tom Powdrill
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Norman Russell - Head of Pensions, Berwin Leighton Paisner LLP norman.russell@blplaw.com |
View from the bridge
Published: 28 July, 2008
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Trustee liability - Beginners’ level
Published: 28 July, 2008
Pensions have become a topic of popular debate from the boardroom to the broadsheets. Economic and demographic factors have resulted in pension deficits becoming the norm, but it is the advent of scheme-specific funding and FRS 17/IAS 19 that have been two of the main factors placing pensions firmly on the business agenda.
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Maybury manages risk at Redington
Published: 28 July, 2008
Risk management and investment strategy firm Redington Partners has continued its growth with the appointment of Ian Maybury (pic) as senior actuary.
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