Clwyd Pension Fund has undergone a restructure of its hedge fund strategy which will generate cost efficiencies and protect against volatility, following a major investment review.
The £1.4bn local government fund has moved its 13% hedge fund allocation from four previous managers into a managed account platform run by Man FRM, through which Clwyd will allocate 9% of its assets....
Changes to corporation tax announced in the Spring Budget could see defined benefit (DB) scheme sponsors defer contributions in favour of tax relief, according to Barnett Waddingham.
Defined benefit (DB) pension scheme sponsors issued 249 profit warnings last year, 90% of which were specifically related to the coronavirus pandemic, according to EY.
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.
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