Pensions in United Kingdom Report – Page 2
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Country ReportUK: to barbell or not to barbell?
In the new world of lower LDI leverage, trustees must choose between maintaining hedging or diversification
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Country ReportUK: Beware the unintended consequences of the DB funding code
Laura McLaren highlights the unintended consequences of TPR’s proposed code, and what can be done to mitigate the risks
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Country ReportUK: The case for pooling
Successful pooled schemes such as Border to Coast should be open to other clients because they are good at what they do
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Country ReportUK: DC investment won't be a panacea for tech and science
The UK government’s March Budget contained plans to boost investment in high-growth industries such as digital, life sciences and advanced manufacturing, so they can start, scale up and remain in the UK.
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Country ReportUK: A review of the LDI debacle
The UK Parliamentary inquiry into the LDI crisis has shed light on its causes, but the debate over the lessons learned for the UK DB industry is far from over
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Country ReportUK: Schemes must prioritise members
Pension funds are encouraged to invest in UK illiquids, but it cannot come at any cost
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Country ReportUK: Is it too soon to reform pension pools?
In his March 2023 Budget, UK chancellor Jeremy Hunt challenged the Local Government Pension Schemes (LGPS) in England and Wales to “move further and faster on consolidating assets”, proposing that LGPS funds transfer all listed assets into their pools by March 2025.
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Country ReportCountry Report – Pensions in the UK (May 2022)
The 80-plus local government pension funds in England and Wales have been on course to consolidate into eight asset pools for the last six years, with a target of €1-2bn in cost savings by 2033.
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Country ReportUK: Auto-enrolment after a decade: broadening the scope
The UK is exploring how to bring younger, part-time, and lower paid workers into the scope of its successful auto-enrolment regime
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Country ReportUK: Behind the pooling figures for local government pensions
Comparing the cost savings of the eight local government pension scheme pools is a complex exercise
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Country ReportUK: Interview with Sally Bridgeland
Sally Bridgeland, chair of Local Pensions Partnership Investments, discusses the institution’s net-zero carbon emission and cost-reduction strategies
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Country ReportUK: Collective defined contribution pensions move up a gear
The first collective defined contribution pension scheme is set to launch after years of stop-start progress. But obstacles remain
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Country ReportUK: The long and winding road to consolidation
Brexit, COVID and other factors delay regulation that would enable commercial DB scheme consolidators to operate
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Country ReportUK: Pension dashboards make slow progress
DWP timeline is met with optimism but complex UK system throws up problems
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Country ReportCountry Report – Pensions in UK (May 2021)
The UK’s Pension Schemes Act was finally signed in February 2021, after nearly two years of negotiations in parliament that were severely disrupted by elections, Brexit-related negotiations and the COVID-19 pandemic. The new rules have given the Pensions Regulator (TPR) new powers that could see it intervene in corporate actions such as mergers and acquisitions, as we analyse in this report. The report also looks at other key topics impacting the UK pensions sector, including DB funding, climate change, risk management and pension dashboards.
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Country ReportClimate risk: Climate of change
Pension schemes will have to adjust their systems to cope with new regulations to tackle climate change
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Country ReportPension dashboards – a need for clarity
Dashboards hold out the promise of allowing individuals to see all their retirement savings on one digital platform
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Country ReportFunding code: Deciphering the new code
With the Pensions Regulator consulting on a new code of practice for defined benefit (DB) scheme funding, trustees are advised to take a long-term view of investment, covenant and liabilities
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Country ReportCommentary: A complex journey to net zero
Tackling climate change successfully is not just a matter of following rules. It is a continuum that trustees must embrace
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Country ReportDB funding – a mixed recovery story
Last year brought both operational and financial challenges for defined benefit schemes but some have come out looking better for it
