mast image

Special Report

Impact investing

Sections

UK roundup: TPR, PIC, FTSE 350, Mercer

Related images

  • City of London Blackstone

Related Categories

The UK pensions industry has given The Pensions Regulator (TPR) positive feedback in its annual Perceptions Tracker report.

The study looks at how the industry rates the regulator’s ability to carry out its statutory objectives.

Some 69% said the regulator’s performance over the last year had been good, or very good, in line with last year’s survey.

One-third of the respondents said their perception of the regulator had improved as a result of its work in tackling pension liberation scams.

<

Almost all (94%) said it was a trusted source of information, while 89% considered the regulator to be independent.

Interim chief executive Stephen Soper said: “We’re aware one of our biggest challenges lies ahead with the automatic-enrolment process. I am therefore pleased 77% of employers believe we are effective in maximising compliance with their AE duties.”

In other news, the Miki Travel Pension Scheme has begun the wind-up process for its scheme by insuring all of its £45m (€57m) of liabilities with Pension Insurance Corporation (PIC).

The scheme, set up 40 years ago for the travel firm, had been closed to future accrual and new members.

Both the scheme and sponsor were advised by Jelf Employee Benefits.

Lastly, the funding ratio at defined benefit (DB) pension plans belonging to the FTSE 350 have fallen to their lowest level since August 2010, according to Mercer.

The monthly ‘Pensions Risk Survey’ saw liabilities increase by £6bn over the month of July to £699bn, calculated on an IAS 19 basis.

This left a deficit of £116bn, significantly higher than the £96bn seen at the end of 2013.

The funding ratio at the end of July was 83%.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<