Investment
Government launches small pots taskforce
Pensions and financial inclusion minister Guy Opperman has confirmed a cross-sector working group to address the problems caused by small pension pots.
PMI partners with Lincoln Pensions for integrated risk management provision
The Pensions Management Institute (PMI) has named Lincoln Pensions as its insight partner for integrated risk management (IRM).
Woolard: FCA set for 'painful lessons' in autumn reviews
Outgoing chief executive calls on regulator to change
Why schemes must avoid overreacting to disrupted CMI Model
While the CMI Model of longevity improvements has proved reliable, Covid-19 threatens to cause it to show an unrealistic falls in life expectancy. Tim Gordon explains why the industry should not overreact
Industry Voice: What Exactly is Climate Change Risk?
CTI's Chris Wagstaff considers what climate change risk comprises through the lens of an institutional asset owner.
Ultra-low interest rates and QE 'broke 4% drawdown rule'
The 4% rule of thumb often used to define a sustainable approach for drawdown in retirement is no longer fit for purpose due to prevailing and sustained market conditions, says Lane Clark & Peacock (LCP).
Low-earners need AE pause button, says TISA
The least financially secure pension savers may be increasing their personal debt levels or foregoing household essentials after paying pension contributions, The Investing and Saving Alliance (TISA) says.
A quarter of pension funds expected to up crypto allocation
Just over a quarter (26%) of institutional investors, including pension funds, are set to increase their level of investment in cryptoassets by 2025, according to Evertas.
Pension scheme members owed as much as £25,000 in GMP equalisation back payments
Pension scheme members could be owed as much as £25,000 in back payments from GMP equalisation, according to research by XPS Pensions.
One-third of asset managers not engaging on climate change despite three-quarters claiming to
A third of asset managers (39%) were unable to provide a single example of a climate change related engagement effort despite 76% saying they “consider climate related risks and opportunities”, according to a recent survey from Redington’s manager research...
Market Movers Blog: HSBC share price takes hit in Asian trading after allegations of money laundering emerge
In this live blog, Professional Pensions' sister title Investment Week collates all the breaking market news, analysis and opinion on equity, bond and currency movements as well as the impact of trade wars, tightening monetary policy and the Brexit negotiations....
Industry Voice: Impact Opportunities - H1 2020 Report
Letter to investors
Thames Water signs Aon for three-year master trust contract
Thames Water has contracted Aon to bring an “inspiring and innovative approach” to its 4,500-member strong defined contribution stakeholder plan.
UK equity funds suffer £2.6bn August outflows
Outflows from UK equity funds gathered pace in August, with £2.6bn of assets being pulled from the market area over the course of the month, according to Morningstar’s latest fund flows report.
Making the most of dry powder while you wait
Dry powder can be useful for pension scheme portfolios, but to make it attractive schemes need to make sure the assets are both available and not so low return they dilute wider return characteristics. Jonathan Hobbs, Kevin Kneafsey, Matthias Scheiber,...
A Covid-19 tax relief raid could exacerbate generational pensions divide
With rumours once again swirling around the future of pensions tax relief in the run up to this year's Budget, any reduced incentive for long-term savers could risk further exacerbating the generational divide in pensions, says Tom Selby
Ditch gilts-based valuations to generate £40bn of value, TPR urged
Pension schemes have been “shoehorned” into valuing liabilities against gilts, creating a “herd mentality” that does not reflect scheme funding accurately, says PwC.
Scheme valuations in a Covid-19 economy
As over 1,000 DB schemes seek to agree a valuation amid the crisis, Hope William-Smith looks at the considerations.
94% of industry backs increased trustee power to halt potential scam transfers
Trustees should have the ability to pause suspected scam transfers, respondents agreed in a Professional Pensions poll.
Federal Reserve: No interest rate hikes until end of 2023
The US Federal Reserve sent out "strong, powerful guidance" on Wednesday (16 September), as it predicted interest rates would stay near zero until at least the end of 2023.
TPR to remove late payment reporting flexibility from January
The time flexibility provisions introduced to help schemes which need to report late payments from employers for workplace pension schemes will be revoked, The Pensions Regulator (TPR) has confirmed.
DB members with weak employers face 50% chance of benefits cut
Defined benefit (DB) scheme members with weaker employers face a 50% chance of a cut in benefits due to sponsor insolvency, according to Hymans Robertson.
Mercer launches DB master trust as scheme pressures grow
Mercer has launched a defined benefit (DB) master trust in a bid to offer a “best-in-class solution” that recognises the shrinking universe.
Pension Schemes Bill will be law by the end of the year
Despite an anticipated delay in the Pension Schemes Bill being debated in the House of Commons, Guy Opperman has confirmed he fully expects it to be law by the end of 2020.
