Brexit
General election 2019: the pensions manifesto the industry wants to see
With political parties drawing up their manifestos for next month’s general election, Kim Kaveh explores the industry’s ambitions for future pensions policy.
UK CPI inflation falls to lowest level in two years at 1.5%
The UK’s consumer prices index (CPI) has fallen to its lowest level since November 2016, according to the Office for National Statistics (ONS).
DB funding - October 2019: PPF 7800 index sees liabilities fall as gilt yields increase
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the October 2019 estimates on the various measures…
Interest rates held ahead of general election
The Bank of England’s monetary policy committee (MPC) has voted by a majority of 7-2 to maintain the interest rate at 0.75%.
Europe 'unloved and under-owned' as equity markets struggle
Increased certainty around Brexit deadlines and eventual terms could remove major overhang for European equity market investments, NN Investment Partners finds.
Pensions bill derailed again as general election called
The pension schemes bill will face yet another delay as the UK seems set to have its third general election in five years on 12 December.
November Budget cancelled to 'get Brexit done', chancellor says
The government has scrapped plans to go ahead with an Autumn Budget on 6 November as prime minister Boris Johnson continues to push for a general election before the end of the year.
Pension schemes bill has low chance of quick resolution
With the spectre of Brexit looming over parliament, Jonathan Stapleton has some scepticism that the pension schemes bill will be enacted any time soon.
Government confirms November Budget
HM Treasury has announced that the government’s next Budget will take place on 6 November, although this depends on the outcome of the Brexit negotiations.
PLSA: Majority of schemes have taken action to mitigate Brexit
Pension schemes have considerably stepped up their preparations for Brexit over the last year, despite the outcome still not being known, the Pensions and Lifetime Savings Association (PLSA) has found.
Most schemes neglecting Brexit contingency planning
The majority of schemes have claimed political and economic uncertainty has led them to disregard contingency planning for the range of potential Brexit outcomes.
Pension savers concerned over Brexit impact on pot values
Some 42% of pension savers think their funds will fall in value as a result of Brexit, with younger savers showing the most concern, according to Aegon.
PP Brexit Advisory Panel: Why schemes must prepare for all outcomes
Professional Pensions' expert Brexit Advisory Panel discusses the key considerations for schemes ahead of the UK's potential exit from the European Union
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
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