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June » 08.06.09
Lloyds Banking Group faces union DB ultimatum
Published:  08 June, 2009

A trade union is demanding that Lloyds Banking Group provides a written guarantee that its two defined benefit schemes will remain open for future accrual.

Doubts over new DWP secretary
Published:  08 June, 2009

Yvette Cooper’s former Treasury role may pose questions as to whether she should be secretary of state for work and pensions, according to Theresa May.

There has been little incentive for imaginative planning

Back to the drawing board
Published:  08 June, 2009

I think it is time to lay down our weapons, come out of the trenches, raise our hands and wave a white flag. If the BP final salary scheme can close then the war, at least for the private sector, is truly lost.

Auto-enrolment rules criticised for overprescription
Published:  08 June, 2009

Responses to the Department for Work and Pensions’ (DWP) consultation on auto-enrolment regulations have questioned their practicality for smaller employers. Rachel Vahey, Aegon’s head of pensions development, claimed conversations with employers showed that certain areas of the implementation policy would prove too difficult for some.

Pensioners strip for pensions protest. Photo by Andrew Parr, PAG

Andrew Parr, PAG

PAG strips for fairer FAS pensions
Published:  08 June, 2009

Pensioners protested in their underwear outside Parliament at the “complete injustice” of losing out on their pension through the Financial Assistance Scheme.

Rock-bottom rates lead to SSAS growth spurt
Published:  08 June, 2009

The credit crunch has led to a boom in the set-up of small self-administered schemes (SSASs) at small to medium-sized employers.

Pension tax break for high earners
Published:  08 June, 2009

Employees with income betw-een £100,000 and £113,000 could be better off by increasing their pension contributions in the next tax year.

Low cost longevity swaps lure FTSE 100
Published:  08 June, 2009

Competition among providers is forcing down the price of longevity swaps and has enticed six FTSE 100 companies to obtain quotations.

Membership drops among low earners
Published:  08 June, 2009

Low wage earners are far less likely to belong to a company pension scheme than higher-paid employees, according to the Office for National Statistics (ONS).

Paterson: managers must be held accountable

Big four share plans for best practice
Published:  08 June, 2009

A quartet of industry groups has published proposals to improve dialogue between institutional investors and companies.

QE sees success, but issues will follow
Published:  08 June, 2009

Quantitative easing (QE) is working, but schemes should be aware of the likely spike in inflation that will follow, according to Fidelity.

BT ranked top for responsible policy
Published:  08 June, 2009

The BT Pension Scheme’s responsible investment policies have won top spot in a ranking of funds with sponsors strong in corporate responsibility.

Impaired ananuities market surges
Published:  08 June, 2009

The market for enhanced annuities, sometimes known as impa-ired life annuities, is growing rapidly, according to research.

Passives fail to vote ESG
Published:  08 June, 2009

Most passive equity managers fail to vote regularly on their assets, according to the Local Authority Pension Fund Forum.

Pension deficit danger for ITN
Published:  08 June, 2009

The future of news production company ITN could be threatened by its growing pension deficit.

“Pensions is one of the most intellectually stimulating areas of public policy”
Published:  08 June, 2009

Interview Tom Willetts meets the EEF’s pensions expert, David Yeandle, to understand how the industry and its policies have changed over the past decade, and why it is essential the government focuses on the bigger picture and the implementation of interrelated policies.

Steve Bee Head of pensions policy, Scottish Life

Legislation will put a spanner in the works
Published:  08 June, 2009

The computer wizardry under a modern-day car’s bonnet says: “This is nothing to do with you; don’t touch anything or fiddle about with anything at all or the thing will never, ever work again and you’ll only have yourself to blame”

Simon Pearse is a senior associate at Mercer

DC lifestyle funds are solutions the UK should be taking more pride in
Published:  08 June, 2009

Lifestyle can reduce the need for a company to supplement members’ pots following a downturn, when they can least afford to do so.

From RDR to RDIP: no easy answers
Published:  08 June, 2009

June 2009 will see us move into the implementation phase of the retail distribution review (RDR) and we will have to get use to a new acronym: RDIP – the retail distribution implementation programme. But what will that really mean and what can we expect from the Financial Services Authority (FSA) when it publishes the consultation paper?

Trustees must send clearer ESG signals
Published:  08 June, 2009

Passive managers stick to what they know when it comes to voting, but getting them to engage more is as much the trustees’ responsibility, says Tom Powdrill.

Rob Harper Partner and head of Hymans Robertson’s Birmingham office

Rob Harpe
Published:  08 June, 2009

With the Lions tour underway, it seems opportune to showcase an actuary whose life outside pensions focuses on rugby.

Accounting for growth - intermediate level
Published:  08 June, 2009
Regulator recruits two to the board
Published:  08 June, 2009

The Pensions Regulator has appointed Isabel Hudson and Bruce Rigby (pic) as non-executive directors.

Baker and Brindley move to Mercer
Published:  08 June, 2009

Mercer has made two appointments to its newly launched dynamic derisking solutions business.

Newton hires Gostick to manage accounts
Published:  08 June, 2009

Newton Investment Management has appointed Susan Gostick as head of its institutional account management team.

Internal promotions success at Pitmans
Published:  08 June, 2009

Commercial law firm Pitmans has promoted two members of its pensions team to director level.

Legal reform
Published:  08 June, 2009

Opinions of class action cases in the UK have taken a turn for the positive, with their potential as a sensible investment and a trigger for improved corporate governance, even for DC, says Charlie Kirby.

Talking heads
Published:  08 June, 2009

Pensions Week explores the impact the market downturn has had on employees with DC schemes, and asks the experts what guidelines an exemplary DC scheme should follow.

Schemes based on trust
Published:  08 June, 2009

Mark Rowlands discusses the roles and benefits of setting up a scheme governance committee to help both employers and members.

Seeking system synthesis
Published:  08 June, 2009

With the advent of personal accounts and the requirement for more processing to be performed online, STP will need a centralised, high quality system, says David Rowley.

Flying the flag
Published:  08 June, 2009

Contract-based schemes would benefit greatly from putting a governance committee in place to meet the regulator’s requirements, says Rita Butler-Jones.

One idea
Published:  08 June, 2009

With greater focus being placed on the smooth and successful running of DC schemes, governance has a key role to play. What is the one big idea that would encourage better governance in 2009, asks Pensions Week.

Don’t fall by the wayside
Published:  08 June, 2009

As the recession begins to take its toll on pension schemes and their sponsors, it has become more important than ever to remind trustees not to let governance slip down their list of priorities, says the Pensions Regulator.

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