Pensions Week
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February » 23.02.09
HMRC deadline warning
Published:  23 February, 2009

The practical deadline for filing for enhanced and primary protection is March 10, not April 6, claims Lane Clark & Peacock (LCP).

Pressure to remove s75 costs grows
Published:  23 February, 2009

Two FTSE 100 companies have delayed urgent corporate restructuring due to concerns over the cost of meeting section 75 obligations.

Trustees gain confidence in their abilities
Published:  23 February, 2009

Trustees feel confident about their skills and knowledge, but remain concerned about the next generation of trustees, according to Independent Trustee Services (ITS).

Rolls-Royce bucks trend with £1.4bn surplus
Published:  23 February, 2009

The Rolls-Royce pension schemes have reaped the rewards of derisking by amassing a £1.4bn surplus at a time when many schemes are in deficit.

Several FTSE 100 firms saw their share price fall after the announcement

Market hit as ban puts deficits over dividends
Published:  23 February, 2009

Share prices fell immediately after the Pensions Regulator moved to ban companies cutting deficit contributions to pension schemes while still paying dividends to investors.

Burrows: ABI is committed to promoting OMO

Annuity stats reignite debate on OMO progress
Published:  23 February, 2009

The Association of British Insurers’ (ABI) latest annuity figures have sparked a debate on promotion of the open market option (OMO).

PCS predicts record year for buyouts
Published:  23 February, 2009

This year will set a record for buyouts despite the recession, according to research from Pension Capital Strategies (PCS).

Taxpayers could foot PPF payment protection bill
Published:  23 February, 2009

Making the government a guarantor for the Pension Protection Fund (PPF) would be unfair on those with personal pensions, claims a financial planning service.

Extra comms explain drop in funds to staff
Published:  23 February, 2009

Group presentations and special messages are being recommended for employees to explain the sharp falls in their defined contribution (DC) retirement pots over 2008.

Letter
Published:  23 February, 2009

I was particularly interested to read the article in the last Pensions Week, ‘Insolvencies a warning to trustees’.

McKenzie: plans to streamline processes

No unification for watchdog services
Published:  23 February, 2009

The government has abandoned a full merger between the pensions ombudsman and the Financial Ombudsman Service (FOS) in favour of a closer working relationship.

Alpha fees may lower under investor pressure
Published:  23 February, 2009

Alternatives asset managers are facing pressure to lower fee levels, according to a survey by Mercer.

Winton: regulations still unclear

GMP plans leave many in the dark
Published:  23 February, 2009

Experts have raised concerns over the government’s proposal to enable guaranteed minimum pensions (GMP) to convert into ordinary scheme benefits.

LAPFF probes US firms on climate change
Published:  23 February, 2009

The Local Authority Pension Fund Forum is asking US companies to disclose their approach to dealing with the risks of climate change.

The Strathclyde fund had £27m on loan with Lehmans

Strathclyde to uphold lending suspension
Published:  23 February, 2009

The Strathclyde Pension Fund is to keep its stock-lending programme suspended despite the lifting of the ban on the short-selling of financial stocks.

Steve Bee Head of pensions policy, Scottish Life

The framework is good but has too much to bear
Published:  23 February, 2009

The basic pension framework we have in place today was put together way back in 1956. In the intervening half-century, we’ve simplified the legislation to the point where practically no one can understand it any more, but that doesn’t mean there’s anything wrong with the underlying framework.

Profile: Theresa May
Published:  23 February, 2009

“We would like to introduce clarity on the figures around public sector pensions, particularly in terms of cost

Charlie Kirby speaks to shadow pensions secretary Theresa May about MPs’ pensions and the refusal to bury the issues concerning means-testing and levelling down.

See also: Theresa May interview in full - audio

Lachlan French is head of transition management at Barclays Global Investors

Weighing up the pros and cons of a transition is a four-stage process
Published:  23 February, 2009

Timing a move to get the best prices and minimise costs in volatile conditions has become a major issue among trustees and managers

Take responsibility to mitigate risks
Published:  23 February, 2009

Like so much in the area broadly described as corporate governance, the academic research provides only limited support for the proposition that a company that behaves ‘responsibly’ generates higher or more sustainable returns for its shareholders.

Money = power if you want to effect change
Published:  23 February, 2009

Transparency is now common currency, but investors still seem reticent to challenge firms on their investment principles, says Adam Lent

Anne-Marie Winton Partner, Nabarro

Anne-Marie Winton
Published:  23 February, 2009

Game show - The light dims, the crowd hushes and on the screen is the £1m question: “You have a choice of how to invest for your old age – what are you going to do?”. The options are: a) invest in a property, and hope that it triples in value by the time you retire; b) buy national lottery tickets each week, in the expectation of hitting the jackpot; c) put all your wages in a biscuit tin under the bed, as your personal cash fund; or d) save in a pension.

Rights issues and employer covenants - advanced level
Published:  23 February, 2009

The final article on this subject will examine in more detail the actual process that trustees might follow in assessing a rights issue and its impact on the employer covenant.

Regulator renews non-exec contracts
Published:  23 February, 2009

Alan Pickering (pic) and Chris Swinson have been reappointed as non-executive directors of the Pensions Regulator.

Mercer boosts team with brace of hires
Published:  23 February, 2009

Mercer has hired Jos Vermeulen (pic) as a senior consultant and principal in its financial strategy group based in London.

Samad a ‘fantastic’ investment for Aon
Published:  23 February, 2009

Aon Consulting has appointed Yusuf Samad as investment principal, where he will advise UK pension funds.

LAPFF looks to Sellors for experience
Published:  23 February, 2009

The Local Authority Pension Fund Forum (LAPFF) has appointed David Sellors to the position of chief operating officer.

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