Pensions in United Kingdom Report – Page 2
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Country Report
UK: One way for DC schemes to access private markets
There is much debate about mark-to-model valuation methodologies and whether a material economic downturn will cause these to catch up with public market price falls, but the history books will show that portfolios with allocations to private markets were more robust than those with none in 2022 – the worst year on record for traditional balanced portfolios.
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Country ReportCountry Report – Pensions in UK (May 2023)
UK pensions are at a crucial juncture. The UK Parliament’s inquiry into the LDI crisis of September 2022 shed some light on its causes, but the debate on the role of LDI is alive and well. Meanwhile, regulators including The Pensions Regulator and the Financial Conduct Authority have advised pension schemes on how to make LDI strategies more resilient to shocks.
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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 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: 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: 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: 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: 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 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 ReportRisk Management: LDI strategy at a time of pandemic
Wild swings in UK bond yields caused by COVID have triggered a surge in hedging activity
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Country ReportM&A: Regulator set to scrutinise more deals
New tools granted to the Pensions Regulator could see it play a more prominent role in corporate activity such as mergers and acquisitions (M&A)
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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
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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 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 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 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 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 ReportUK country report: Moving towards an ESG crescendo
Trustees should use the COVID-19 lockdown as a time to prepare for the next round of ESG reporting requirements in October
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Country ReportUK country report: Legislation: The waiting game
The UK’s Pension Schemes Bill has been delayed by elections in December and now by COVID-19
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Country ReportUK country report: Regulator plans twin-track funding code
Consultation continues to prepare DB schemes to be less reliant on sponsors as the sector matures
