All Pensions articles – Page 123
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Article
Standard Life moves wealth division into investments
Standard Life Wealth is to move within the Standard Life group to its global fund manager Standard Life Investments with effect from 1 January 2014.Richard Charnock, chief executive officer of Standard Life Wealth, who will report to Keith Skeoch, chief executive officer of Standard Life Investments, will be appointed to ...
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Article
Standard Life Investments to launch new default fund
Standard Life Investments is to launch a new default fund for defined contribution (DC) pension scheme members.The Enhanced-Diversification Growth Fund (EDGF) is a lower volatility diversified growth fund, which is designed to generate equity-like returns with lower volatility than investing in equity markets.The fund, which will be launched in the ...
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Article
DWP launches consultation on money purchase pensions
The Department for Work and Pensions (DWP) has launched a consultation on money purchase pension schemes.The consultation, which is open to pension industry bodies, trustees or scheme managers, pension scheme members and employers, seeks to clarify the definition of money purchase included in section 29 of the Pensions Act 2011.The ...
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Article
Pension comparison service launched
Pension PlayPen has launched an online service to help UK employers choose a workplace pension.The service, Cap (choose a pension), gives employers direct access to all major providers of contract- and trust-based pension schemes.The free service allows employers to access quotes, compare offerings and decide on the workplace pension that ...
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Article
TPR DC code comes into effect
The Pensions Regulator has published its regulatory guidance for defined contribution (DC) pension schemes to sit alongside its DC code, which came into effect on 21 November.The code, which was consulted upon earlier in 2013, sets out practical guidance on how pension trustees can meet the underlying requirements of pensions ...
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Article
Wolseley UK launches flexible benefits
EXCLUSIVE: Heating and plumbing organisation, Wolseley UK, has launched a flexible benefits scheme for the first time.The scheme, Your Choices, includes dental insurance, a health cash plan, additional life assurance, life assurance for partners and personal accident insurance.It also includes a flex fund for all 6,200 employees, at 1% of ...
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Article
Barclays C&ES launches DC investment consultancy
Barclays Corporate and Employer Solutions (C&ES) has launched a defined contribution (DC) investment consultancy for employers and pension trustees. The consultancy forms part of the organisation’s pensions platform, which was launched in September with Aegon and Zurich.Its aim is to improve the investment outcomes and structure for employees, provide a ...
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Article
Capita appoints senior investment consultant
Capita Employee Benefits has appointed Sam Roberts (pictured) senior investment consultant.Roberts joins from Lane Clark and Peacock (LCP) where he was a lead consultant with a specific focus on investment.In the new role, Roberts will provide a range of investment advice to both trustee boards and employers, including advice on ...
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Article
Aon Hewitt launches guide to DC pensions
Aon Hewitt has launched a guide to defined contribution (DC) pension schemes.Achieving better member outcomes – a practical guide to DC pensions provides an overview to employers and trustees of all aspects of DC pensions.The guide covers:Understanding the plan and setting priorities.Improving savings rates.Investment strategies.Designing the default option.Making the right ...
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Article
Government consults on defined ambition pensions
The government has published a consultation into its defined ambition pension scheme.The Department for Work and Pensions (DWP) introduced its proposals for a defined ambition pension in November 2012 in its paper, Reinvigorating workplace pensions.The defined ambition pension is designed to reshape workplace pensions for future generations, create more certainty ...
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Article
Aberdeen confirms acquisition of Scottish Widows’ investment business
Aberdeen Asset Management has confirmed that it is to acquire Scottish Widows Investment Partnership (SWIP), as well as its private equity and infrastructure fund management businesses.The acquisition, which was first proposed in October, includes a long-term strategic relationship with SWIP’s parent company, Lloyds Banking Group.The consideration for the acquisition of ...
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Article
Three raises pensions take up to 80%
EXCLUSIVE: Three has increased its pension scheme take up from 68% of staff to 80% following auto-enrolment.The mobile phone organisation auto-enrolled 702 eligible employees on 1 October after it had postponed from 1 July to align the process with its flexible benefits enrolment window.Seth Russell, director of reward at Three, ...
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Article25% of pensions not compliant with DC code of practice
A quarter (25%) of pension trustees surveyed believe their scheme is not at all compliant with The Pension Regulator’s (TPR) new code of practice for trust-based defined contribution (DC) pensions, according to research by law firm Sackers.Its research, which surveyed 44 pension trustees at the 2013 National Association of Pension ...
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Article
Lloyd’s Superannuation Fund insures DB pension
The Lloyd’s Superannuation Fund (LSF) has concluded a pension insurance buyout for its defined benefit (DB) pension scheme.The transaction, in conjunction with provider Pension Insurance Corporation, covers £40 million of pension liabilities.The LSF is a multi-employer pension scheme that was established in 1929.Its members are employees and former employees of ...
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Article
FTSE 350 pension deficit decreases
The pension deficits of the FTSE 350 reduced from £115 billion at 31 July 2012 to £58 billion at 31 July 2013, while aggregate market caps increased from £1,800 billion to £2,100 billion over the same period, according to research by Hymans Robertson.Its annual FTSE 350 pensions analysis report found ...
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Article
Lorica adds master trust to auto-enrolment product
EXCLUSIVE: Lorica Employee Benefits has partnered Now: Pensions to add a master trust to its integrated auto-enrolment and pensions product, Littleblue.Littleblue, which also includes a group personal pension (GPP) plan, is designed to suit employers with between five and 250 employees, but can be used by both larger and smaller ...
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Article
Pension Protection Fund reports £1.8bn surplus
The Pension Protection Fund (PPF) has reported a surplus of £1.8 billion in its 2012/13 annual report.It also stated the probability of meeting its long-term funding target by 2030 has increased to 87%, an increased from 84% at 31 March 2012.According to the PPF report, its performance owed much to ...
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AnalysisDe-risking pension investments in the run-up to retirement
If you read nothing else, read this…Members of DC pension schemes face critical investment choices in the run-up to retirement.Employers can provide financial guidance to help employees make informed decisions.Employees can choose different investment approaches based on level of risk.However, the numbers are set to rise. Some 400,000 people applied ...
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Case Studies
Arriva chooses lifestyle strategy for default fund
The scheme’s default fund uses Standard Life’s lower-to-medium-risk lifestyle strategy, which aims to provide long-term growth whilst investing in a diversified portfolio of assets. This is the second lowest risk level of the five risk-rated lifestyle strategies Standard Life has developed, so employers can select the risk appetite that is ...
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Case StudiesMitie Group integrates employee benefits across businesses
This has posed a significant challenge for the strategic outsourcing organisation which, historically, has grown through a cluster of smaller businesses that have been allowed a degree of autonomy, including in the benefits offered to employees.Katherine Thomas, group HR director, says: “When you start to bring that all together to ...