Investment
AMX appoints SSGA as first passive funds provider
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.
Flex insurer-like portfolios to bring schemes closer to buyout, says JP Morgan
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.
Pi Consulting teams up with IC Select to launch fiduciary manager selection service
Pi Consulting and IC Select have launched a service to provide advice and support to pension schemes tendering fiduciary management mandates.
Fighting fire with fire: Why reverting public sector reforms will create winners and losers
The various potential routes for the government to respond to the McCloud judgment will mean some members lose out, writes Moira Warner.
The People's Pension, The Cheviot Trust and Atlas Master Trust receive authorisation
The People's Pension, Atlas Master Trust and The Cheviot Trust have been granted authorisation from The Pensions Regulator (TPR), taking the total number of authorised master trusts to 18.
NEST joins Star Initiative as Opperman urges other to follow suit
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
What is value for money in DC pensions?
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.
Unhedged pension schemes face funding risks as yield curve inverts
Pension schemes that have not hedged their liabilities could face funding issues as long-dated bond yields have plummeted, industry experts have warned.
Investment fraud reports surge to more than 8,000 so far this year
More than 8,000 investment fraud reports have been made so far this year, more than double the amount in the same period last year, a Freedom of Information request has revealed.
Member representatives are vital for master trusts, but not as MNTs
Member-nominated trustees may not be feasible for master trusts, but representatives could improve communication with members, says Barry Parr
Industry Voice: Achieving your objectives
One of the key benefits of fiduciary management is that it gives trustees the time and resources to focus on high-level issues, which should mean they can make more informed decisions about strategy.
UK inflation rises to 2.1%
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.
Active equity fees fall by 11% in two years, while corporate bond fees rise
LCP research reveals global active equity fees have fallen for yet another year, while corporate bond fees are on the rise. Holly Roach looks at the findings.
Medicash transfers £20m DB scheme to TPT
Medicash has transferred its defined benefit (DB) scheme to TPT Retirement Solutions' DB Complete master trust, improving the security of member's benefits.
DB funding - July 2019: PPF 7800 records £39bn deficit increase as gilt yields plummet
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…
SEI Master Trust and National Pension Trust receive authorisation
SEI Master Trust and National Pension Trust have been granted authorisation, becoming the 14th and 15th master trusts to be given the stamp of approval by The Pensions Regulator (TPR).
Industry Voice: FTSE 350 pensions - Where are companies on the endgame journey?
Driven by an increase in corporate bond yields and the continuing payment of deficit contributions, 2018 was a positive year for the disclosed financial position of the FTSE 350's defined benefit (DB) schemes, with the aggregate deficit decreasing from...
Schemes being 'lulled into false sense of security' by deficit drops
Defined benefit (DB) scheme trustees are spending too much time focusing on how well funded their schemes are, River and Mercantile Derivatives says.
L&G acquires MyFutureNow to provide 'dashboard view' of member pots
Legal and General (L&G) Retail Retirement has purchased a 100% stake in MyFutureNow - which specialises in pension pot tracing and consolidation - for an undisclosed price.
LGPS Central partners with KAS Bank for cost transparency solution
Funds in LGPS Central will be given additional assistance to assist collection and analysis of investment costs after the pool partnered with KAS Bank.
Royal London reports drop in pension sales in H1 as DB transfers slow down
Royal London's new business pension sales fell by 4% over the course of a year primarily due to a slowdown in defined benefit (DB) transfers, the firm's half year results reveal.
The race to equalise GMPs…are we there yet?
Planning the journey towards equalised GMPs will make the process more enjoyable than focusing on the timing of reaching the end goal, says Girish Menezes.
Six ways to boost your pension pot
Putting together a pension fund can be tricky to tackle, whether you have just set foot into the world of work, or have been working for years and are approaching retirement. Emily McKinnon looks at effective ways of saving for retirement.
UK one quarter of negative GDP away from recession
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.
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