IPE's United Kingdom Coverage – Page 255
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NewsCPI switch could decrease deferred liabilities by 7.9% for a typical UK scheme
UK – Calculating pension increases according to the consumer price index (CPI) would reduce liabilities for deferred members by around 7.9% for a typical UK scheme, according to PensionsFirst.
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Country ReportUK: A pension coalition
The UK’s new coalition government was as quick to tackle the tricky issue of pensions policy as it was surprisingly quick in its formation. Gill Wadsworth outlines the issues under consideration
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Country Report
UK: Building the NEST
Announced in the Pension Act of 2007, the National Employee Savings Trust is a work in progress. Nina Röhrbein reports
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Country Report
UK: Fund in the news
British Airways (BA) completed a £1.3bn (€1.58bn) pension buy-in transaction with Rothesay Life, the insurance entity of Goldman Sachs, in the summer, which will approximately cover 20% of the pensioner liabilities of its Airways Pension Scheme (APS).
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Country Report
UK: The promise of the future
The regulator, associations and funds themselves are increasingly grappling with the issue of defined contribution pensions, writes Nina Röhrbein
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Country Report
UK: Good pensions now – please!
Adrian Waddingham, founding partner of consulting actuaries Barnett Waddingham, sets out his pension priorities for the new government
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Country Report
UK: Questions of governance
The regulator, associations and funds themselves are increasingly grappling with the issue of pension fund governance, writes Gill Wadsworth
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Country Report
UK: Changes to pensions indexation
David Bennett outlines the implications of the UK government’s decision to change the metric for pension benefit indexation. These are not as straightforward as some might have believed
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Country Report
UK: DMGT Pensions DC scheme
Ten years after creating its first trust-based defined contribution (DC) pension scheme, Daily Mail & General Trust plc (DMGT) set up a contract-based DC plan in October 2007. It now has five contract DC plans, covering three divisions and two associated companies.
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Country Report
UK: Risk…or de-risk
While the market for bulk annuities and partial buy-outs continues to grow, many funds have not even started to hedge interest rate or inflation risk, finds Gill Wadsworth
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Country Report
UK: Opportunities and challenges
Thinking of recruiting a CIO to your pension fund? Sarah Dudney outlines some of the challenges
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Country Report
UK: Beyond the contingent
John O'Brien outlines alternatives to pension funding through contingent assets.
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NewsUK roundup: CPI switch 'underestimated', EMI turns to TPR
UK – The head of investment strategy at Mn Services has warned the impact of the switch from the retail price index (RPI) to the consumer price index (CPI) has been underestimated.
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NewsUK roundup: HSBC pension scheme, Edinburgh tender notice
UK – HSBC has made a £1.7bn (€2.2bn) contribution to its underfunded defined benefit pension scheme in an effort to reduce an almost £3bn deficit.
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NewsUK roundup: ABI on auto-enrolment, Northern Trust, Transport for London
UK – The Association of British Insurers (ABI) responding to the ongoing Workplace Pension Reforms Review, has said auto-enrolment should only start for people earning more than £10,000.
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NewsEquity exodus slows among largest UK company funds
UK – The UK's top 100 company pension schemes have temporarily halted their flight from equities to bonds with allocations to fixed income remaining static over the past 12 months.
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News
UK government should wait to increase retirement age, says NAPF
UK – The National Association of Pension Funds (NAPF) has called for the retirement age not to increase before the end of the decade, warning that a rise to 66 by 2016 would be “too hasty”.
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NewsUK roundup: ACA, Barclays UK Retirement Fund, Pitmans Trustees
UK – The Association of Consulting Actuaries (ACA) has called for "better safety valves and flexibility" in the public sector pension scheme.
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NewsUK roundup: Hymans Robertson, Premier Foods, AJ Bell
UK – Hymans Robertson has outlined its proposals for a "once-in-a-generation opportunity" for reform to public sector pensions in submissions made to Lord Hutton’s pension review.
