XPS Pensions Group
Fiduciary management tendering could cut fees by 20% - CMA
Tendering for fiduciary management has led to fees being reduced by between 19% and 22%, latest analysis by the Competition and Markets Authority (CMA) finds.
XPS: Not offering partial transfers is too risky
Partial defined benefit (DB) transfers are easier than trustees think and all schemes should offer them, XPS Pensions Group says.
Laura Bottega: Perseverance, passion and the will to succeed
Morgan Stanley Investment Management managing director Laura Bottega was recognised at the Women in Pensions Awards. She tells Stephanie Baxter what has been key to her success.
XPS buys Kier Pensions and sells its healthcare consulting business
XPS Pensions Group has bought the public sector pensions administration arm of Kier Business Services for a consideration of up to £3.5m in cash.
One in five vote against remuneration report at XPS AGM
XPS Pensions Group saw over 20% of its shareholders revolt when voting on its remuneration report at its annual general meeting (AGM) this week.
Pension transfer values fall slightly over August
Pension transfer values fell from £233,000 at the end of July to £232,000 at the end of August, according to XPS Pensions Group's monthly index.
Why peak LDI could be further off than we think
Predictions that LDI flows could peak as soon as 2021 have led to hopes of higher gilt yields. However, Stephanie Baxter finds there are many variables at play.
Rona Train: The best job I will ever have
Hymans Robertson partner Rona Train was named Adviser of the Year at the inaugural Women in Pensions Awards. She speaks to Stephanie Baxter about building her career in pensions.
Fiduciary appointments should require independent advice
Patrick McCoy says the CMA's proposal for all fiduciary management appointments to go to tender will only work if pension funds take independent investment advice
Continued stability for pension transfer values throughout July
Pension transfer values remained stable throughout July, with the index finishing the month where it started, according to XPS Pension Group's transfer value index (TVI).
DB transfer members risk running out of money seven years earlier
An individual transferring a £230,000 defined benefit (DB) pension could lose up to seven years of retirement income if they draw a fixed sum of £10,000 a year, according to XPS Pensions Group research.
Base rate rise 'serves as important reminder' to DB trustees over asset allocation
Yesterday's increase in the Bank of England's (BoE) base rate will not have an immediate significant impact on defined benefit (DB) scheme funding but schemes should reconsider their investment allocation, industry commentators have said.
Solving the investment challenge of DB transfers
The popularity of DB transfers shows no sign of slowing. Charlotte Moore looks at how schemes can adapt their investment strategy to meet this demand
CMA report 'pragmatic and realistic' while mandatory tendering 'will bring better value'
Proposals for mandatory tendering of fiduciary management services, as well as additional guidance for trustees, have been welcomed by industry commentators albeit with some caution.
How consultants and fiduciaries have reacted to the CMA's provisional decision
The Competition and Markets Authority (CMA) published its provisional decision on its investment consultant market investigation this morning. Here is the reaction from consultants and fiduciaries…
June cements stable H1 for pension transfer values
Pension transfer values fluctuated mildly during June, continuing the stability seen throughout 2018 so far, according to XPS Pensions Group's transfer value index (TVI).
Five stories you may have missed this week
This week's top stories included the Insolvency Service disqualifying four pension directors from running companies for a total of 21 years for their role in the businesses' mismanagement of member funds.
Nearly half of DB liabilities hedged following surge in new LDI mandates
More of the smallest defined benefit (DB) schemes are hedging inflation and interest rate risk using liability-driven investment (LDI) strategies thanks to more accessible and affordable solutions, XPS Pensions Group says.
Light at the end of the tunnel for DB sponsors?
Martin Hunter says while new TPR powers will increase the burden on all DB employers, it isn't all doom and gloom
XPS Pensions Group announces full year results
XPS Pensions Group has announced its full year results for the year ended 31 March 2018.
Pension transfer values back on the rise in May
Difference of 2.4%
Xafinity rebrands to XPS Pensions Group
Xafinity has rebranded to XPS Pensions Group following its acquisition of the actuarial consulting, pensions administration and investment consulting businesses of Punter Southall Group earlier this year.
Three alternatives to 'gilt plus' funding strategies
Most schemes use a gilts plus discount rate for funding valuations. But, as Ben Gold explains, these can be poor predictors of scheme returns and explores three alternatives for trustees to consider.
