Investment

Tasmin Patel and Keith Webster look at the implications of the new stewardship requirements for pension schemes.

Adviser firm Tideway was told to cease all pension transfer advice business from 3 July 2020, after first being visited by the Financial Conduct Authority (FCA) about its defined benefit (DB) transfer operations in 2017.

Defined benefit (DB) scheme liabilities could reduce by as much as 5% as a result of Covid-19, XPS Pensions forecasting reveals.

Equities flows YTD remain negative

Juno Capital has distanced itself from former fund manager Neil Woodford, following reports he had taken an advisory role with the firm last week.

An “early warning” tool has been launched by Hymans Robertson to help defined benefit (DB) schemes understand which potential regulatory approach will be more suitable for their current funding strategy.

The code of practice on sole trusteeship being developed by the Association of Professional Pension Trustees is expected to be published within months, chairwoman Nita Tinn says.

HM Treasury has announced it will resume the cost control mechanism for public sector pension schemes, noting the concern that the 18-month suspension has caused.

Alternative asset manager Gresham House is set to launch a residential property strategy targeting institutional investors and Local Government Pension Scheme (LGPS) funds.

The economic crisis caused by Covid-19 has reinforced The Pensions Regulator’s (TPR) view that its defined benefit (DB) funding principles are “right”, says David Fairs.