This week's edition of Professional Pensions is out now.
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This week's articles include:
Longevity: The Centre for Social Justice has proposed raising the state pension age to 75 by 2035, despite a slowdown in mortality improvements. Holly Roach reports
Star Initiative: NEST joins the Star Initiative and commits to transfer times of fewer than 21 days while Guy Opperman urges others to follow. Holly Roach reports
Fund management: Punter Southall Aspire has published a report looking at the disparities in defined contribution default fund approaches. Kim Kaveh analyses the data
Administration: Service credits are a useful feature of administration contracts, tying performance with fee levels, but they are rarely used. Daniel Taylor argues that more contracts should include them
Roundtable: Infrastructure is an asset class of increasing interest to schemes. In this roundtable, panellists discuss the investment, looking in particular at ESG issues and how they expect the asset class to develop
By improving their stewardship activity and collaborating together, schemes can reduce the burden on resources, says Lauren Peacock.
This week’s top stories included The Pensions Regulator’s announcement of new measures around the appointment of professional trustees, and the £3bn Merchant Navy Officers Pension Fund completing a £1.6bn buy-in with Pension Insurance Corporation.
Pension Insurance Corporation (PIC) has raised £750m of new capital from its shareholders to fund a pipeline of new pension risk transfer deals expected to complete in 2020.
The Pensions Management Institute (PMI) has launched an alternative accreditation programme for professional trustees.