IPE's United Kingdom Coverage – Page 247
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News
BT exemption from PPF levy thrown out by European court
Ruling follows prior directive from EU competition commissioner that BT should be subject to same rules as rest of UK pension market.
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DC pot-consolidation plans 'lack ambition' – UK think tank
UK – Think tank proposes pension clearing house to facilitate transfers, virtual aggregators.
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Country Report
UK: Soft but firm
The UK Pensions Regulator has a new statutory objective and is encouraging funds to adopt an integrated approach to risk. Jonathan Williams outlines the implications
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Country Report
UK: Spot the difference
Mel Duffield notes a positive reaction to TPR’s 2013 Funding Statement, but argues that it remains to be seen what approach the regulator will adopt in practice
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Country Report
UK: Focus on investment returns
Stuart Thomson argues that UK pension funds are likely to increase active LDI and alpha strategies as a result of TPR’s new objective to promote sustainable growth
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Country Report
UK: A marriage yet to be made
Infrastructure is seen as an asset class that offers a good match for pension fund liabilities. Pádraig Floyd outlines the progress to date of the UK Pension Infrastructure Platform
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Country Report
UK: Divorce can be costly
Ian Fraser finds that Scottish independence would create a host of complications for newly created cross-border pension funds. But neither the London nor Edinburgh governments seem willing to engage with the issues
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Country Report
UK: Growing pains
Gill Wadsworth surveys the UK’s growing DC pension market, whose assets look set to exceed those of DB funds by 2018
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Country Report
UK: Filling the contract-based governance vacuum
Phil Duly surveys the issues surrounding DC pension governance
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Country Report
UK: The DC information gap
The growing significance of defined contribution pensions means trustees should be prepared to serve members with better information on retirement income options, writes Ros Altman
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Country Report
UK: Buy now – spread the premium
David Barker reviews deferred premium buyouts, a development in the insurance market that allows employers to spread the cost of a buyout
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News
Serco pays £17m to fund deficit, close defined benefit pension fund
UK – Outsourcing giant funds DB scheme acquired in recent deal to buy part of IT company Vertex.
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UK roundup: Guinness Peat, Coats, TPR, East Sussex Schroders Property
UK – Coats planning to double pension plan contributions in bid to tackle £100m deficit.
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UK's Cambridgeshire outperforms, warns of 'unexciting' equity returns
UK – Fund sees outperformance despite property, European equity falling short of expectations.
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UK roundup: HMV, Deloitte, Aon Hewitt, Lookers
UK – Pension fund for retailer HMV fund unlikely to see outstanding claims, says administrator.
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Neighbouring UK councils consider £4bn pension fund merger
UK – Local authorities hopeful of support for plan that predates government merger consultation.
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Royal Mail reports pension surplus after liability transfer
UK – Annual report sees IAS 19 surplus after government assumes legacy liabilities.
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Investments at UK charities return nearly 18% over last year
EUROPE – Charity returns power ahead for first six months of 2013.
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News
PPF shift to bespoke insolvency risk model 'could increase transparency'
UK – Towers Watson says model catered to PPF’s needs could be more open with how companies are assessed.
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UBS 'freezes' defined benefit pension fund in UK [updated]
EUROPE – Closure appears to be linked with drive to comply with Basel III capital requirements.
