News

UK - Investment bank J.P. Morgan has started quoting prices for Consumer Prices Index swaps after the government announced it would change the indexation basis for pension increases from RPI to CPI this summer.

Lord Hutton has asked government to look at the discount rate used to value public sector pensions as he believes it is too high.

Lord Hutton will pitch collective defined contribution schemes to the department for work and pensions but would not be drawn on whether the model could translate to the private market.

Aon Hewitt has named Yvan Legris, former president of global consulting at Hewitt Associates, as chief executive of UK, Europe, Middle East and Africa.

The Pensions Regulator needs to focus its attention more on smaller schemes, delegates heard.

Increasing member awareness should go hand in hand with increasing scheme take up said one pension manager.

Legislation allowing trustees to override RPI written in the trust deed and switch to CPI would not be in members' best interests, delegates heard.

It is possible to run career average 1 / 120th schemes at a similar cost to what is on offer from NEST, delegates heard.

UK schemes should seriously consider outsourcing scheme governance structures and investment policies in a similar vein to the Dutch model, delegates heard.

Social media sites such as Twitter and LinkedIn could prove a powerful tool in increasing member engagement.