IPE's United Kingdom Coverage – Page 265
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NewsUK roundup: HSBC, NEST, British Airways
HSBC is to launch a workplace pension scheme targeting small and medium enterprises.
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NewsUK roundup: 02, CWU, BAA, Bedfordshire, Hymans Robertson
Mobile operator O2 agrees contribution increases to keep final salary scheme open.
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NewsContribution increases 'seriously undermine' LGPS
Chair of UK Local Government Association warns additional income target of £900m 'unrealistic'.
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News
Four-fifths of occupational schemes seek sponsor payments
Schemes express growing interest in LDI assets, liability reductions, says Aon Hewitt.
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NewsReport attacks 'Madoff-style' UK public sector schemes
Suggestions for reform include abolition of unfunded DB schemes, enrolling public workers in NEST.
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NewsUK regulator gives Uniq green light for debt-for-equity deal
Consultancy PwC hails decision as valuable new tool for struggling companies.
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NewsUK roundup: PPF, Xafinity, Dalriada Trustees
UK Pension Protection Fund index sees surplus more than double in January.
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NewsUK roundup: Xafinity, DWP, IoD, SEI, Goddard Perry Consulting
Xafinity Consulting criticises detrimental impact of review of trust-based DC schemes.
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NewsCash injection shrinks BT pension fund deficit
£35bn fund narrows deficit from £5.2bn to £3.7bn in last three months of 2010.
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NewsUK scheme completes first longevity hedge for non-retired members
Deal, worth £70m (€81m), predicted to stimulate longevity trades on capital markets.
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NewsUK roundup: Government Actuary Department, Ortec, Unite, Visteon
Government Actuary's Department appoints Ortec Finance to provide risk management.
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NewsScottish councils' pension contributions to increase as liabilities double
Accounts Commission finds pensions deficit more than doubled in last financial year.
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NewsUK regulatory focus on funding shortfalls 'increases risk'
Pension schemes taking unnecessary risks to resolve funding shortfalls, Hymans Robertson warns.
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NewsUK roundup: NEST, Mercer, Aviva, PIC
Members of NEST will be offered a Sharia-compliant investment option as part of the funds' makeup.
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NewsUK roundup: Pensions Regulator, Mercer, Pizza Hut, Deloitte
UK – The Pensions Regulator (TPR) has confirmed Bill Galvin as its new chief executive only a few weeks after Michael O'Higgins took over as chairman from David Norgrove.
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NewsUK roundup: Royal Mail Pension Plan, Aon Hewitt, Sun Chemical
UK – Parliament has approved a bill that will see the state shoulder the burden of Royal Mail's £8.4bn (€9.3bn) pension deficit, as legislation to privatise the institution gathers pace.
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NewsUK roundup: Pensions bill, Sackers, NAPF
UK – Legislation for the switch from the retail price index (RPI) to the consumer price index (CPI) is likely to be more restrictive than initially anticipated, pension law firm Sackers has said.
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NewsUK roundup: Henderson, Gartmore, Paternoster, Rothesay Life, Club Vita, DWP
UK – Henderson Group has announced plans to acquire fund manager Gartmore for £335m (€403m), bringing to an end several months' worth of speculation surrounding the company's fate.
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NewsUK roundup: Russell Investments, Pension Protection Fund index
UK – Russell Investments has warned pension funds that lack of good governance on their part can lead to a loss of return.
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NewsNAPF calls for career average pensions in UK local government schemes
UK – Career-average pensions are the way forward for the public sector, the National Association of Pension Funds (NAPF) has argued in its submission to the Hutton Review.
