Schemes are still dissuaded from integrating ESG-conscious investments into their portfolios due to a lack of evidence on performance, a Sackers survey finds.
While buy-ins can provide an immediate reduction to liability values, schemes run the risk of retaining key risks and storing up problems, says Jos Vermeulen
Amber Rudd has resigned as secretary of state for work and pensions with immediate effect, with Thérèse Coffey named as her successor.
Key questions are still yet to be answered over how much compensation members receive from the Pension Protection Fund (PPF) a year after a landmark court ruling.
The government must conduct a fundamental review of tax reliefs and allowances to reduce complexity and confusion, says Malcolm McLean
The Treasury will soon consult on moving the calculations behind RPI to match another index. James Phillips looks at the proposal and its potential impact on pension schemes.
The Labour party's proposed inclusive ownership proposals could cost UK workplace pension funds £25bn, according to an analysis by international law firm Clifford Chance.
Smart Pension and The Lewis Workplace Pension Trust have been authorised by The Pensions Regulator (TPR), taking the total number of approved schemes to 22.
Caroline Rookes has been appointed interim chairwoman of The Pensions Ombudsman (TPO), as the organisation seeks to boost its governance.
It would be inappropriate to name and shame schemes which do not sign up to the Star Initiative, a majority of Pensions Buzz respondents said in backlash to comments made by the pensions minister.
This week's top stories included an article about Will Lovegrove and Baroness Ros Altmann departing Pensionsync after its acquisition by KeyPay.
Fiduciary management is increasing in popularity among larger schemes seeking to overcome governance hurdles, KPMG says.
Any changes to pensions taxation must be deliberate, planned and controlled, with a clear end objective in mind, says Richard Butcher
Boris Johnson's government will deliver its first Queen's Speech on 14 October, the prime minister has announced.
PP has compiled a list of what to watch out for over the coming months.
The Pensions Ombudsman (TPO) must make significant changes to its leadership structure in order to provide "additional insight… and more challenge on organisational strategy", a governmental evaluation has concluded.
The Aviva Master Trust and Workers Pension Trust have been authorised by The Pensions Regulator (TPR), bringing the number of approved schemes in the market to 20.
The Sportech Pension Scheme has entered into an agreement with Just Group for a £2.5m buy-in ahead of a planned buyout.
Pension funds that decide to invest in standalone fiduciary management funds are being reassured that they will not be subject to mandatory tendering requirements.
Defined benefit (DB) schemes mimicking typical insurer fixed income portfolios are failing to use their greater regulatory freedoms to maximise returns with higher risk, JP Morgan Asset Management says.
The various potential routes for the government to respond to the McCloud judgment will mean some members lose out, writes Moira Warner.
Lane Clark and Peacock (LCP) achieved a record total revenue of £114.9m in the 2018/19 financial year, partly helped by a 15.5% growth in revenues from its defined contribution (DC) business.
Pension schemes have been warned they may now face a more challenging legal test if they wish to fix drafting errors.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
Trustees risk leaving their scheme ungovernable if they do not get in place strategic objectives for investment advisers, warns John Paterson.
Aegon's master trust now manages over £1bn in savers' assets as its overall European life business continues to grow.
Member-nominated trustees may not be feasible for master trusts, but representatives could improve communication with members, says Barry Parr
M&G Prudential has announced it will rebrand and list its shares as M&G later this year.
The Hitachi Data Systems Retirement Benefits Plan has agreed a buy-in with Legal & General (L&G) Assurance Society, covering both defined benefit (DB) and defined contribution (DC) provision.
UK inflation unexpectedly rose above target in July to 2.1%, just 24 hours after wage growth hit an 11-year high of 3.9% and the employment rate reached a fresh record.
David Fairs: Trustees have a tremendous responsibility, so it is right to expect knowledge and understanding
Member-nominated trustees bring clear value to scheme boards, but it is important their knowledge is up to scratch, says David Fairs
The concept of sole trusteeship must overcome a number of challenges, especially as the model becomes more widespread, argues Paul McGlone
Service credits are a useful feature of administration contracts, tying performance with fee levels, but they are rarely used. Daniel Taylor argues why more contracts should include them.
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the July 2019 estimates on the various measures…
Defined benefit (DB) scheme trustees are spending too much time focusing on how well funded their schemes are, River and Mercantile Derivatives says.
Funds in LGPS Central will be given additional assistance to assist collection and analysis of investment costs after the pool partnered with KAS Bank.
This week's top stories included HSBC's scheme completing a £7bn longevity swap with PICA and the government announcing it would review the tapered allowance for NHS scheme members.
The Cadbury Mondelēz Pension Fund has agreed a £520m buy-in with Rothesay Life, insuring benefits for around 1,900 pensioner members.
UK gross domestic product (GDP) contracted in the second quarter for the first time since 2012, the Office for National Statistics said in its latest report, meaning the UK is only one negative quarter away from a recession.
Around £17.5bn of buy-ins and buyouts were transacted in the first half of the year as market records continue to tumble.
Phoenix Life has completed a £1.1bn buy-in with its own defined benefit (DB) plan, the PGL Pension Scheme, it has announced.
Legal & General (L&G) completed £6.3bn of buy-ins and buyouts in the first six months of the year, with another £923m deal completed in July, the firm's half year results confirm.
There have now been a total of 26 longevity swaps over £1bn announced. The full list, provided courtesy of Willis Towers Watson, is as follows...
The HSBC Bank (UK) Pension Scheme has hedged its longevity risk with Prudential Insurance Company of America (PICA) in the second-largest ever deal of its type.
Quilter has sold its heritage life and pensions devision, Old Mutual Wealth Life Assurance Ltd, to ReAssure for £425m.
Guy Opperman will remain in post as pensions and financial inclusion minister, it has been confirmed.
More than three-quarters of pensions and restructuring lawyers believe the regulator's 'clearer, quicker, tougher' approach is having an impact on their clients, a PwC survey reveals.