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UK

Dominic Chappell gives evidence to MPs, June 2016

UK pensions regulator to prosecute former BHS owner

Tue, 22 Aug 2017By

Dominic Chappell faces court over failure to provide documents to The Pensions Regulator

Gavel

UK broadcaster faces court hearing over pension contributions

Fri, 18 Aug 2017By

ITV claims it has no obligation to fund Box Clever Group Pension Scheme deficit

Royal Mail to close DB scheme in 2018

Royal Mail pension CEO Hogg exits for National Grid role

Fri, 18 Aug 2017By

Chris Hogg oversaw the pension aspects of Royal Mail’s transition from state ownership

Big Ben and the Houses of Parliament, London

‘Meaningful’ risk of no deal outcome to Brexit negotiations: survey

Thu, 17 Aug 2017By

But pension schemes should have time to prepare response given ‘signposting’ of progress

New Zealand

ESG roundup: NZ Super, Erste, Trucost

Thu, 17 Aug 2017By Florence Chong,

Also: Austrian manager excludes carmakers; Trucost launches carbon priving tool

Pounds sterling

IA: AGM season shows investors 'holding business to account'

Wed, 16 Aug 2017By

FTSE250 companies the focus of dissent over executive pay 

magazine rack

BlackRock lands fiduciary mandate for UK media pension scheme

Tue, 15 Aug 2017By IPE Staff

Decision ‘a big step’ for trustees

design abstract pattern generic

Joseph Mariathasan: Should trustees resurrect in-house managers?

Mon, 14 Aug 2017By

Pension fund trustees may not get objective asset allocation advice from fund managers or investment consultants 

London eye

Asset management roundup: Aberdeen Standard Life merger completes

Mon, 14 Aug 2017By

JP Morgan to absorb external research costs under MiFID II 

Microscope

Danny Truell to step down from Wellcome Trust

Fri, 11 Aug 2017By

£21bn foundation appoints Nick Moakes as CIO

Sterling

Cardano: British Steel deal underscores need for new rules

Fri, 11 Aug 2017By

‘Pension funds that are very unlikely to meet their promises need another option beyond insolvency’

Tata Steel plant in Workington, UK

UK regulator approves plan to restructure British Steel scheme

Fri, 11 Aug 2017By

Scheme to receive £550m cash injection and equity stake in sponsoring employer

Scottish road

Energy company combines buy-in and longevity swap in £1.2bn deal

Thu, 10 Aug 2017By ,

Buy-in demand could hit £50bn a year in next 15 years, consultancy claims

Prudential logo

M&G and Prudential to create £330bn asset manager

Thu, 10 Aug 2017By

New entity will create one of the world’s largest fund groups

Geneva, Switzerland

Aon wins cross-border fiduciary mandate for Swiss company

Wed, 9 Aug 2017By

Geneva-headquartered company says approach cuts risk for $1.5bn pensions

London eye

UK roundup: Data shines spotlight on pension inequality

Tue, 8 Aug 2017By ,

Also: DB scheme funding improves in July; Railpen adopts optimiser tool for quant allocation

Oxford University

Savvy Brexit strategy helps Oxford endowment's 2016 return

Tue, 8 Aug 2017By

University fund posts 16.4% investment return boosted by currency

devil

London, Lancashire tie-up seeks ‘devil’s advocate’ for alternatives

Fri, 4 Aug 2017By

Local Pensions Partnership wants outside check on internal recommendations 

Financial Reporting Council (FRC)

FRC scraps lowest category of Stewardship Code reporting ranking

Thu, 3 Aug 2017By

Decision comes after Tier 3 investors either improved reporting or quit the code

Pounds sterling

FTSE 100 CEO pay drops - but hold the cheers, say pension funds

Thu, 3 Aug 2017By

Investors still concerned about large gap between company executives and rest of UK workforce

All Latest UK News

Pensions In UK: Of Brexit, deficits and LDI

September 2016 (Magazine)By

With a potential Brexit in sight, Carlo Svaluto Moreolo asks whether the assumptions underlying liability-driven investment (LDI) need to be reconsidered 

Liquidity warnings

September 2016 (Magazine)By

Regulation is constraining pension funds’ ability to manage risk and they should prepare for future illiquidity

Pensions Accounting: Managing change

September 2016 (Magazine)By

UK defined-benefit deficits are ballooning. The Brexit vote might initiate behavioural change, Stephen Bouvier writes

DC Income Strategies: Another egg in the NEST?

September 2016 (Magazine)By

As the UK government consults on whether NEST should be allowed to enter the drawdown market, Jonathan Williams examines the arguments for and against its entry, and what the fund can learn from Australia

Diversified Growth Funds: Diffusing the risk

September 2016 (Magazine)

Katherine Lynas and Adam Gillespie point out that strong diversified growth funds distinguish themselves in performance terms at times of heightened market stress

All Pensions in UK

EIOPA, ECB consult on information gathering

LCP: Defined benefit funds are 'fighting for survival'

Wed, 2 Aug 2017By

FTSE 100 companies have pumped £150bn into DB funds in 10 years but large deficits remain

Coats thread pic

UK roundup: FRC expands Coats pension investigation

Wed, 2 Aug 2017By

Latest monthly private sector DB deficit estimates give contrasting picture 

Netspar to branch out into artificial intelligence, big data

Sponsors 'must review DB terms' after accounting rule change

Wed, 26 Jul 2017By

IAS19 proposal could affect future sponsor contribution levels and viability of buyout plans, consultants warn

Accountancy

Pensions accounting in IASB’s sights as disclosure project takes shape

Wed, 12 Jul 2017By

Accounting body proposes removing choice for sponsors to report interest 

DNB to assess Dutch asset management charges

Accounting roundup: FRC, GAAP, IFRS, IASB, S&P

Tue, 11 Jul 2017By

UK’s FRC says more work needed before updating GAAP in line with IFRS changes 

All News and Opinions

  • Letter from Brussels: Reboot for Capital Markets Union

    The European Commission’s “further steps to drive forward the Capital Markets Union (CMU)” outline nine new priority legislative actions to solve the EU’s long-term cross-border investment challenge

  • Letter from Brussels: EU seeks to avert Brexit arbitrage

    Strong words on Brexit are flying in political circles. But behind the theatre, concerns about the future of London’s fund management sector are emerging

  • Letter from Brussels: A warm reception for PEPP

    In contrast to complaints that Brussels’s legislation burdens the financial sector, the European Commission may be gratified by the positive response to its flagship Capital Markets Union (CMU) programme. 

  • Letter from Brussels: Brexit and equivalence

    Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’

  • Letter from Brussels: Resaver’s first stage kicks off

    The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.

  • Letter from Brussels: Unclear on clearance

    The prolongation for 18 months of pension funds’ exemption from posting collateral when trading over-the-counter (OTC) derivatives is leading PensionsEurope to seek clarification. 

  • Letter from Brussels: EU focus on tax tricks

    There is increasing attention in Brussels on company reporting, taxation and offshore financial centres. The G20 and some OECD countries have demanded country-by-country reporting rules for multinational companies with a turnover over €750m

  • Letter from Brussels: Pan-EU private schemes for 2017?

    Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission

  • Letter from Brussels: A vision for cross-border workers

    A former director of the European Association of Paritarian Institutions (AEIP) has proposed a new option for occupational pensions that could help the large number of workers whose careers take them across EU internal borders.

  • Letter from Brussels: Weighty in-tray for new CMU commissioner

    Valdis Dombrovskis has assumed responsibility as commissioner in charge of the flagship Capital Markets Union project. But he has also assumed the added complication of the withdrawal of the UK

  • Letter from Brussels: Posted worker woes

    It will not be the first time that proposed revisions to EU rules affecting finance and pensions get stuck in a logjam between interests groups

  • Letter from Brussels: Tax targeting continues

    Pressure to clean up the financial sector has led to copious legislation from Brussels. 

  • Letter from Brussels: Ethical pressures mount

    There are plenty of indicators of rising pressure to advance ethical standards across the financial sector. One outcome takes the form of mountains of clean-up legislation, including from Brussels. 

  • Letter from Brussels: Beefing up the CMU

    Inadequacy of European national court systems in the financial sphere is due for overhaul. Upgrade is necessary if the EU’s capital markets union programme (CMU) is going to get anywhere, according to a high-status paper

  • Letter from Brussels: Race to upgrade EFSI

    Legislative moves to support the EU’s European Fund for Strategic Investments (EFSI) are being rushed through Brussels. But, so far, evidence of any torrent of fund movement by the institutional investment sector across EU frontiers has yet to emerge.

  • Letter from Brussels: A simmering conflict

    Conflict continues to simmer over the issue of passport rights for non-EU-domiciled hedge funds across the EU

  • Letter from Brussels: A lawyer’s feast

    It is a case of tackling one challenge after another in the Capital Markets Union (CMU). According to the European Commission, the present morass of different national insolvency rules creates a barrier to the flow of capital across the EU. 

  • Letter from Brussels: Cross-border challenge for IORP II

    IORP II may have cleared the European Parliament’s committee stage but amendments tabled to the second directive covering occupational pensions since 2003 are so radical that it would be unwise to forecast its future.

  • Letter from Brussels: Focus on low returns

    Dismally low returns on EU pension fund investments over 15 years? The allegation comes in a study by Better Finance, the European Federation of Investors & Financial Services Users. The report, Pensions Savings: The Real Return, points to excessive fees, points to other charges, and badly framed taxation rules, as the culprits.

  • Cayman Islands Sign

    Letter from Brussels: Pressure builds on tax havens

    Brussels’ financial focus is on aggressive corporate tax planning and the related question of tax havens. This concerns the hedge fund ‘passport’ rights to do business across the EU and compliance of the offshore jurisdictions where they are domiciled to EU norms.

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