Pension System – Page 297
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Features
A stitch in time
Predicting life expectancy is never easy. In addition to the more obvious factors that need to be considered, Swiss Re’s Daniel Ryan points out some less obvious but potentially beneficial ones
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Features
US success story
The Thrift Savings Plan serves as something of a prototype for NEST. It has widened pension participation and demonstrated good returns, reports Maria Teresa Cometto
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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.
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NewsNew PPF formula could double levy for some schemes, warns Barnett Waddingham
UK – More than one in five UK pension funds face a doubling of the levy it pays to the Pension Protection Fund (PPF), Barnett Waddingham has warned.
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NewsBT cannot increase prices to solve pension deficit, regulator rules
UK – BT will not be allowed to raise wholesale charges for telecoms services in order to help recoup its pension fund deficit, telecoms regulator Ofcom has ruled.
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NewsUK roundup: NEST, Stewardship Code, Barnett Waddingham, Pension Capital Strategies, Towers Watson
UK – The introduction of the National Employment Savings Trust (NEST) will reduce annual management costs across the industry, pensions minister Steve Webb has said.
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NewsReport claiming £100bn deficit for UK local government schemes 'misleading'
UK – Industry figures have attacked a report claiming that England's 81 local government pension schemes (LGPS) have seen their deficits increase to £100bn (€118bn).
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NewsSwitch to CPI could save British Airways scheme £900m
UK – British Airways could slice around £900m off the deficit in one of its defined benefit (DB) pension schemes by switching increases to pensions in payment from the retail price index (RPI) to the consumer price index (CPI).
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NewsUK roundup: LGPS, Cass Business School, Westler Foods, Aon Hewitt, BBC
UK – The Local Government Pension Scheme (LGPS) should consider diversifying its investment portfolio to help mitigate the medium to long-term risks on its investments, according to a white paper from Cass Business School.
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News
Financial crisis has been good for pension funds, says Amonis
IPE AWARDS – The recent financial crisis has been good for pension funds, the chief executive of Amonis said during a panel at the IPE Awards seminar in Monaco.
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News
Global delegates debate sustainability of DC schemes
IPE AWARDS – Risk management, member education and regulatory constraints were some of the common issues identified by the international panel at the European IPE Award seminar in Monaco yesterday.
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NewsUK roundup: Northumbrian Water, Thames Water, Capita Hartshead, Morris Review
UK – Northumbrian Water has announced a £36m (€41m) reduction in its pension deficit after applying the consumer price index (CPI) as a measure in its latest half-yearly results.
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Country Report
Switzerland: The big squeeze: active vs passive
Emma Cusworth asks if active management is stifled by the concentrated nature of the Swiss market
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Country Report
Switzerland: Alternative route to diversification
Are Swiss pension funds overcoming their traditional aversion to hedge funds and alternatives? Nina Röhrbein reports
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Features
Tailor-made alternatives
Diversified alternatives strategies place an emphasis on the client’s needs and the manager’s role, and have found favour with London Borough of Newham, as John Turnbull explains
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Country ReportSwitzerland: BVK rises from the ashes
The head of asset management is new, the CEO remains in place for stability and a package of recovery measures should take care of the deficit. Barbara Ottawa asks whether all is really well at the Zurich canton pension fund
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Features
Common-sense overlay
Brendan Maton spoke to Jo Ray, who runs the pension fund of Lincolnshire County Council on England’s east coast, about the fund’s common-sense approach to in-house and external asset management
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Country Report
Switzerland: Efficient, secure and transparent pension funds
The relative benefits of a pension fund are impossible to judge as each stakeholder has a different level of expectation. Gérard Fischer looks at ways of defining a ‘good’ scheme
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Country Report
Switzerland: Not enough of a good thing
Nina Röhrbein charts demand for Swiss domestic property and a market that cannot satisfy institutional demand
