Pension System – Page 301
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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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Features
Jump the hurdle
Nina Röhrbein spoke with Dirk Lepelmeier (pictured), managing director of Nordrheinische Ärzteversorgung (NAEV), the pension fund for North Rhine Westphalia’s medical profession about the challenge of successfully obtaining an annual internal rate of return in a highly volatile market
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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.
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NewsAon warns on overfunding as UK DB schemes cut deficit by 25%
UK – The 200 largest defined benefit (DB) schemes cut their funding shortfall by £26bn between June and July, according to figures released by Aon Consulting.
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News
UK roundup: BA, the Pensions Regulator, Towers Watson, Mercer
UK – The Pensions Regulator has agreed to a recovery plan for British Airways’ (BA) two pension schemes in a move that makes a merger between the airline and Spanish carrier Iberia evermore likely.
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News
DC schemes increase market share to a third of European pension assets
EUROPE – Defined contribution (DC) schemes have witnessed an almost uninterrupted increase in assets over the last five years and now account for almost a third of all European pension assets, according to Cerulli Associates.
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NewsInterest in UK debt rebounds following CPI-link announcement
UK – Interest in index-linked gilts returned this week, after the UK Debt Management Office successfully sold £6bn worth of bonds maturing in 2040.
