Brexit
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.
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.
PPF weathers the storm but challenges lie ahead
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter
How does the rest of the world see us?
While greater consideration of ESG is boosting impressions of UK pension funds, Brexit is dampening investor confidence, notes David Weeks.
Prudential Retirement reinsures $2.6bn of UK pension risk
Prudential Retirement has completed around $2.6bn (£2bn) of reinsurance contracts for UK pension scheme longevity risk since the start of the year, it has disclosed.
How Brexit could hit PPF entry rights for UK schemes of EU employers
Regulations from the government set out plans to remove protections for UK DB schemes hit by an EU employer insolvency. James Phillips explores the details.
Two-thirds of schemes take protective steps against Brexit
Just under two-thirds of trustees have taken action to prepare for the impact of any Brexit outcome on their sponsor covenant and investments, Hymans Robertson research finds.
Some sponsors face a nasty Brexit surprise from their DB schemes
Marc Hommel says some employers are insufficiently prepared to engage their trustees on how they intend to manage liquidity and other adverse aspects resulting from Brexit
UK schemes asked to take part in EU stress test despite Brexit
UK pension schemes have been asked to participate in a European-wide stress test despite the departure from the European Union being expected imminently.
One third of schemes have calculated transfer values for GMP equalisation
One third of schemes have calculated transfer values for guaranteed minimum pension (GMP) equalisation, according to last week's Pensions Buzz respondents.
A Brexit-obsessed government is not all good for pensions
Steve Webb says the sooner government as a whole, and HMRC in particular, has the bandwidth to return to the domestic agenda, the better it will be
Inflation edges up to 1.9% on higher food prices
Inflation in the UK rose slightly in February to 1.9% on the back of higher food prices, according to the Office for National Statistics (ONS).
Employer covenant is top risk facing DB schemes amid Brexit concerns, finds PTL
Concern about the potential impact on employer covenants has been rated the top risk for defined benefit (DB) schemes, according to a PTL survey.
DWP gives green light to CDC; will extend to wider models after Royal Mail scheme
Collective defined contribution (CDC) provision will be introduced slowly, starting specifically with a Royal Mail scheme and then rolling it out more widely, the government has confirmed.
Five stories you may have missed this week
This week's top stories included warnings that defined benefit (DB) transfers could become more difficult for trustees to process after regulatory register changes.
Brexit may turn out to be an oddly golden era for pensions
Robin Ellison says the one great advantage of the Brexit experience has been the inability of government to pass much new legislation affecting pensions
Spring Statement lacks pensions policies but reduces index-linked gilt issuance
Philip Hammond's Spring Statement was empty of any direct pension news as the Treasury sought to avoid major policy announcements.
Spring Statement: OBR revises down 2019 growth forecast as Hammond eyes Brexit 'deal dividend'
UK gross domestic product (GDP) is set to grow by 1.2% in 2019, less than the 1.3% forecast in the 2018 Autumn Budget, but the economy will expand over the each of the next five year's, Chancellor Philip Hammond said in today's Spring Statement.
AE, net pay and the pensions dashboard - a Spring Statement wishlist
The Spring Statement is likely to be overshadowed by Brexit but there is still much to do in pensions. Kim Kaveh and Holly Roach take a look at the industry's wishlist.
PLSA gives up seat on PensionsEurope board
The Pensions and Lifetime Savings Association (PLSA) has lost its place on the PensionsEurope board after downgrading its status ahead of Brexit.
No-deal Brexit 'could add £140bn' to DB liabilities
Crashing out of the European Union without a deal could push up UK defined benefit (DB) scheme liabilities by £140bn, says Columbia Threadneedle Investments.
IFS's Johnson: It's not been a great decade, and economists were right about Brexit
We have gone well past the brink of things not being good and the last 10 years have turned out to be so different relative to what was reasonably predicted, according to Paul Johnson.
Five stories you may have missed this week
This week's top stories include news that Aon had launched and then abandoned talks with Willis Towers Watson over a potential merger.
Schemes with 'Brexit Day' valuations must review options, warns Aon
Sponsors and trustees of defined benefit (DB) schemes with 31 March valuation dates need to discuss their options given the clash with Brexit, according to Aon.
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