Pensions Management - the magazine for pension & investment industry professionals
Back issues » 2009 » May
The Budget looks set to be short on surprises

Unfortunately for us at PM – although I’m sure you’ll be sick of it by now – we went to press the day before the Budget, thus were unable to report what happened.

Regulator warns schemes against fraud and poor governance

The Pensions Regulator has issued a warning about dishonest and fraudulent activities within pension schemes, which has been welcomed by industry bodies.

Rubenstein: any danger to the PPF’s levy base is a long way in the future and will not be addressed in the short term

Buyout in members’ interest, claims PPF

Long-term risk that scheme buyout poses to stability of the Pensions Protection Fund’s levy does not worry its new leader, Alan Rubenstein

Aon refutes merger link to benefits cut

Insurance broker and pensions consultant Aon has denied its recent merger with Benfield directly influenced the decision to cut its pension benefits.

Tuck into the pensions platter with PM online

As well as the news and analysis offered within the pages of your magazine, PM has a smorgasbord of audio and video content for your delectation.

Trafalgar to offer help to embattled smaller schemes

The £1.3bn Trafalgar House Pensions Trust may take on struggling small and medium-sized schemes that lack enough governance to avoid dramatic market losses.

PPF 7800 shortfall reaches £242bn

The Pension Protection Fund’s (PPF) 7800 Index has revealed a £40bn increase in pension deficits for March, with the combined shortfall of those in deficit exceeding £250bn.

Saunders: backing the M&G fund

Schemes provide lending boost

The UK’s biggest pension funds have agreed to kick-start lending to firms unable to gain sufficient bank loans in the credit crunch.

Trustees to reassess suspect ‘cash’ funds

Investment consultants are advising trustees of defined contribution schemes who want to offer their members capital preservation to abandon certain money market funds over fears of mislabelling.

Unease over West Bank property

A number of ethically-conscious institutional investors, including the Norwegian Government Pensions Fund, have inadvertently invested in a company that builds ‘illegal’ settlements in the occupied West Bank.

Diversification should focus on risk for now

Since the summer of 2007, asset class returns have headed downwards. With the exception of government bonds, no asset class, including alternatives, has protected investors from the credit crisis. For pension funds, it may have seemed that the best place to be would be out of the market entirely.

Weak accountability for ESG funds

There is a striking disparity between the best and worst pension funds’ records on risk management and accountability performance, according to FairPensions.

Rich pickings for long-term equity investors

The global economic downturn may present investors with attractive long-term options, according to Aberdeen Asset Management.

Thompson: exciting offering

Group Sipp aims to attract high net worth clientele

Axa Winterthur has launched a group self-invested personal pension (Sipp) called Family Suntrust, a group Sipp with a difference, or so the insurer claims.

Increase in group plans may result in lack of governance

The rise in implementation of group self-invested personal pensions (Sipps) represents a governance challenge, according to a panel of experts.

EMAG takes on the Treasury

The Treasury will face a high court challenge from the Equitable Members Action Group (EMAG) after it failed to act on the parliamentary ombudsman’s recommendations.

Downturn and legislation fuel schemes’ demand for independent trustee services

Increasingly complex legisla-tion and difficulties stemming from the recession are fuelling an increase in demand for independent professional trustee services, according to providers.

Trenner: pension schemes are often undervalued by jobseekers

There’s little incentive for employers to run schemes

For years, the mantra has been that employers need to provide good staff pensions in order to recruit and retain the best people. But is this true any more?

Looking to a brighter future

Companies open and close as the business cycle continues, but how can investors understand which emerging firms will provide the strongest opportunities?

If you wanna be a record-breaker

Well, I thought I’d heard everything; so it just goes to show I guess. I was reading in the paper the other day about a chap called Henry Allingham. You may have heard of him; he’s broken some important records lately and is hopefully showing us all how to do the same.

The captain’s charter

PPF chief executive Alan Rubenstein tells Owen Walker about the flurry of funds currently turning to the pensions lifeboat, listening to stakeholders and government backing

Is longevity risk overstated?

Longer life expectancies mean mortality risk is having an increasing impact on pension funding. But how great is the effect, and can the changes be measured accurately?

MacDonald: potential growth makes it an exciting time for global equities

Beating the benchmark

RCM’s Lucy MacDonald tells Owen Walker about the eventual upturn in equities markets, mentoring the next generation of investors and the potential returns to be had from the Chinese insurance sector

Public sector pensions envy

Many condemn the disparity between public and private sector pension provision, with the former often deemed unsustainable. But the costs can often obscure the truer picture

A true pensions pioneer

Member of the pensions elite Alan Pickering talks to Pádraig Floyd about independent trusteeship, his battle with the government to better pensions and the need for proportionate regulation

Cheap and cheerful

The low cost and relative reliability of passive management has seen the sector’s popularity soar, but its continued success depends on market conditions and the desire of investors to play it safe during volatile times

Back to basics

A passive allocation to corporate bonds provides investors with a simple, low cost opportunity to harness the yield advantages over other major asset classes

LDI’m still standing

Despite the unstable market conditions, LDI has continued along the path of popularity, opening its doors to smaller schemes with the creation of pooled funds

Sipp regulatory review

How will the review of pension transfers impact the Sipp market?

Long distance returns

Despite taking a huge hit from the drop in equity prices, investment-linked annuities are still a valid choice for the long-term investor

Making a smooth journey

Greater numbers of schemes are moving from DB to DC, so employers must plan with care to ensure members are transferred with ease

Know your ratings

The market often struggles with ratings systems, so investors must improve their understanding and use ratings appropriately

Sullivan has been vice-president at the PMI since 2008

Sullivan named PMI president

The Pensions Management Institute (PMI) has elected Mike Sullivan as president, to succeed Steve Delo in July.

Comber: regulator insight

Smith and Comber take on senior advisory roles

Risk management firm Towers Perrin, and financial advisory firm Zolfo Cooper recently unveiled additions to their teams.

Co-founder of Psolve returns

Punter Southall has appointed Andrew Drake as managing director of its investment consultancy business Psolve Asset Solutions.

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