UK - Deloitte & Touche has created a "crash proof" asset liability model for schemes, which it says can help save company's credit ratings.
Deloitte & Touche says its model differs from others in that rather than looking at averages, it takes extreme positions to determine how much risk the scheme – and its sponsor – is carrying.
Head of investment services Tony Osborn-Barker says companies will be able to manage their scheme funding according to these extremes, cushioning them against any unforeseen catastrophes or market falls.
He explained: “If you think of an actuarial valuation as some sort of average, most scheme models look at medians and standard deviation.
“This is charging down the other end and saying ‘What’s the worst case scenario?’.
“This model highlights the true cost of the scheme and how much risk sponsors are taking on board.”
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.