News

GLOBAL - Pension funds are struggling to define sustainability with many automatically lumping thematic funds, like clean technology, into sustainable portfolios, said RCM.

UK - Uniq and the pension scheme trustees have come up with a revised funding agreement that could see 90% of the company's equity handed to the trustees.

The next step for government should be to index both the annual allowance and the lifetime limit, to ensure they increase with inflation, industry experts say.

Pension funds can protect against inflation risk by investing in long lease property, while also achieving an attractive spread over index-linked gilts of the same maturity, M&G says.

An emerging dual inflation market for liability matching will further drain liquidity from index-linked gilts and swaps, the National Association of Pension Funds says.

Increasing consolidation of third-party administrators poses risks for trustees, as data is transferred across different software systems, industry experts say.

The shift to CPI indexation could cut scheme liabilities by 3% but may not result in a one-off profit windfall for firms, an accounting task force has proposed.

Many trustees who require consent from HMRC and Inland Revenue to amend scheme rules are overlooking regulation to remove that requirement, a lawyer warns.

The government should push back scheduled scrapping of the default retirement age to allow businesses to plan for it more effectively, employer groups say.

US - The state of Oregon has sued Arizona-based Apollo Group for $10m amid claims it deceived investors.