Beeb bulks up allocation to alternatives
Published: 18 August, 2008
The £8.1bn BBC Pension Scheme is to bump up its allocation to alternatives after it provided the one bright note in a poor investment year.
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GP Noble a ‘cause for concern’ for the regulator
Published: 18 August, 2008
An independent trustee firm has been suspended and removed from the Pension Regulator’s approved list of trustees due to concern over its activities.
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This week: Cometh the hour, cometh the man
Published: 18 August, 2008
Tucked away in a news in brief item on page 5 is an article all about how baby food manufacturer Nutricia has improved the number of its workforce on target to meet their retirement expectations from 8% to 77%.
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The independent commission will be debated in the House of Lords |
Lords bid to cut public sector pensions costs
Published: 18 August, 2008
A Liberal Democrat peer has tabled an amendment to the pensions bill in a bid to establish an independent commission to review public sector pensions.
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Poor prognosis for ill-health rules dispute resolution
Published: 18 August, 2008
An early settlement to the dispute over new ill-health early retirement rules for local authorities looks unlikely, after doctors claimed their complaints were going unheard.
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Dubbs: schemes as lead plaintiffs receive larger payouts |
Lead plaintiff duo due extra-large settlements
Published: 18 August, 2008
Two local government pension funds stand to gain disproportionately large payouts after becoming lead plaintiffs in a class action against Lehman Brothers.
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Pickering: becoming a trustee is ‘a dream come true’ |
Pickering to take chair at Bestrustees
Published: 18 August, 2008
Alan Pickering, author of the simplification report on rules governing private pension provision in 2002, is to become chairman of Bestrustees.
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News in brief
Published: 18 August, 2008
Cable & Wireless has added a diversified growth fund to its range of fund choices for DC scheme members.
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Hurd: demand necessitates supply |
Deficit trackers can prove useful
Published: 18 August, 2008
I read with interest your editorial of August 4 in which you highlighted the increasing number of ‘deficit trackers’ used to commentate on the varying fortunes of UK pension schemes. Despite being a key protagonist, I share your concern.
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One member-nominated trustee is enough
Published: 18 August, 2008
Further to the recommendation from the TUC and Simon Baynes of the Logica defined contribution (DC) scheme to increase the number of member-nominated trustees (MNTs) in DC schemes (PW August 11), I would like to highlight the lower standards which are often accompanied by MNTs.
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Make pension comparisons more meaningful
Published: 18 August, 2008
You should know better than to report comparisons of pension apples with pears. (PW August 11 – ‘Willott backs public sector pension reform’).
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News in brief
Published: 18 August, 2008
Profilic author and senior pension lawyer Robin Ellison has had his latest book published.
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Macro: proposals only appropriate for larger schemes |
Collective DC plans fail to excite firms
Published: 18 August, 2008
Demand for collective defined contribution (DC) schemes remains muted two months after the government’s proposed legislation to allow them.
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Cash transfer regs too soon for trustees
Published: 18 August, 2008
New rules that codify trustees’ responsibilities on processing cash equivalent transfers have come in too soon for trustees to adapt, according to Mercer.
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News in brief
Published: 18 August, 2008
The aggregate funding position of defined benefit pension schemes fell to a £24.1bn deficit at the end of July.
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Adams: banks have been making themselves relatively secure |
Value of corporate bonds is still outstripping gilts
Published: 18 August, 2008
Current pricing opportunities in corporate bonds are the best they have been for years, according to Henderson Global Investors.
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Global equities to thrive despite downturn
Published: 18 August, 2008
Cash constraints on UK and US consumers over the following year are not matched by consumers in other markets, providing hope for global equities.
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News in brief
Published: 18 August, 2008
Corporate bonds remain very attractive investments, despite a gradual rise in default investments, according to Investec Asset Management.
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Making waves
Published: 18 August, 2008
Analysis: As the economy continues on a downward spiral, the corporate world is likely to experience greater numbers of insolvencies. Tom Willetts asks how this will affect the stability of the PPF.
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Clive Gilchrist: The trustee’s lot is not an easy one
Published: 18 August, 2008
What are the personal risks of being a trustee? I have often been asked this question, both by member-nominated trustees and by would-be independent trustees. My reply is that the risks are low; provided that trustees act reasonably and honestly, a court is unlikely to find against them.
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The enhanced route as mainstream?
Published: 18 August, 2008
Though the scope has widened and statistics indicate more people are qualifying, the days of enhanced annuities as default are not here yet. By David Marlow.
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Cartoon by Cameron Law |
Beware the pound signs in execs’ eyes
Published: 18 August, 2008
To regulate UK pay, shareholders must take a long-term view and set their own agenda, says Tom Powdrill.
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NAPF Events, Seminars & Training
Published: 18 August, 2008
NAPF annual conference & exhibition 2008 Better knowledge for better pensions October 8-10 , Scottish Exhibition & Conference Centre, Glasgow
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My life outside pensions
Published: 18 August, 2008
Allison Wonderland is the title of Steve Mingle’s second book on his beloved Manchester City football club. Mingle by day is a director of Isinglass Consulting and an ex-pension scheme manager
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Trusty30 - Trustee Recruitment Survey
Published: 18 August, 2008
Pensions Week explores the issue of member-nominated trustees in more depth, asking whether a greater percentage will be of benefit to schemes.
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Norman nails exec role at Credit Suisse
Published: 18 August, 2008
Credit Suisse has poached David Norman (pic) from Morley Fund Management to become the first chief executive of its asset management business for UK and Ireland.
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Hogan hailed as JLT’s solution
Published: 18 August, 2008
JLT Benefit Solutions has named Des Hogan (pic) as a senior consultant to help the firm grow its defined benefit and defined contribution businesses.
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F&C goes Dutch for latest ALM hire
Published: 18 August, 2008
F&C Asset Management has appointed Jeroen Wilbrink (pic) as a structured product specialist to enhance its UK asset liability management (ALM) and insurance team.
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Aon bags brace for benefit solutions
Published: 18 August, 2008
Aon Consulting has snapped up two consultants from Standard Life Client Management. Richard Strachan (pic) and Tom Clark will be responsible for building and maintaining Aon’s growing benefits solutions client base.
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