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UK pension funds more resilient following LDI fund improvements

By Sophie Smith

29/11/24

The Bank of England (BofE) has shared the results of its system-wide exploratory scenario (SWES) exercise, revealing that UK pension funds have significantly improved their resilience with respect to liability-driven investment (LDI) over the past two years.

The Pensions Regulator (TPR) welcomed the next steps outlined in the report, including plans for TPR to explore potential improvements to existing data collections to improve contingency planning by pension schemes

UK pension organisations have expressed "strong support" for the government’s Mansion House reforms in a joint letter to Chancellor, Rachel Reeves, welcoming their potential to foster economic growth, drive consolidation, and improve outcomes for savers

DB schemes should consider non-price factors when assessing insurers

Defined benefit (DB) pension schemes should consider non-price factors when assessing buy-in or buyout insurers, Hymans Robertson has said

Blog: Eastenders shines a spotlight on pension scams

Pensions Age editor, Laura Blows, discusses the importance of raising awareness around pension scams, after an EastEnders storyline highlighted the devastating impact missing key pension scam warning signs can have

This week in Pensions: 25-30 November 2024

Pensions Age takes a look back at the top stories of the week, including adequacy concerns, The Pensions Regulator’s (TPR) plans to move toward a more prudential-style of regulation, an influx of bulk purchase annuity (BPA) deals, and more

TPR issues call to action as EastEnders highlights impact of pension scams

The Pensions Regulator (TPR) has urged the pensions industry to report scams and suspicions of scams to Action Fraud, after an EastEnders storyline highlighted the devastating impact of pension scams, in a fresh warning for savers to stay vigilant

EQ Retirement Solutions to help deliver Royal Mail CDC scheme

The Royal Mail Collective Pension Plan, which officially launched on 7 October, will be delivered using the EQ Retirement Solutions’ (EQRS) Compendia platform, it has confirmed

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Highlighted Content

Fiduciary Management Focus: The Next Stage

In this Pensions Age focus we look at Fiduciary Management including a look at the new offering from TPT Retirement Solutions

Private Markets focus : Building a sustainable future

Private markets and the public: What do DC pension savers think?

Turning to natural capital

Claire Glennon explores the strong institutional demand for natural capital investments

Latest Podcasts

Keeping on track

In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track

Building investments in a DC world

In the latest Pensions Age podcast, Sophie Smith talks to USS Investment Management’s head of investment product management, Naomi Clark, about the USS’ DC investments and its journey into private markets

High-yield Investing

Laura Blows discusses short duration global high-yield strategies with Royal London Asset Management head of global credit, Azhar Hussain, in the latest Pensions Age podcast

Sustainable Investing

Laura Blows speaks to Royal London Asset Management sustainable fund manager, George Crowdy, about global sustainable equity investing

The latest in multi-asset credit

Laura Blows discusses the high-yield market and multi asset credit with Royal London Asset Management senior fund manager, Khuram Sharih

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View Videos

Check out our latest appointments

Appointments update - 9 July 2024

London CIV has appointed Andrien Meyers to the newly created role of chief proposition officer

Appointments update - 13 June 2024

Diversity in Pensions (DIP) has appointed Jenny Davie as its new chair

Appointments update - 6 June 2024

The Superannuation Arrangements of the University of London (SAUL) Trustee Company has appointed Rob Orr as its next CEO, effective from 1 October 2024, when Sue Applegarth retires

Appointments update - 30 May 2024

The Money and Pensions Service (MaPS) has appointed Richard Harvey as its non-executive director

Appointments update - 14 May 2024

Aviva has appointed Jenny Segal and Rene Poisson to its Independent Governance Committee (IGC)

Check out our latest features

Not quite the end…

Alex Janiaud considers how DB schemes can best manage residual risks after an endgame solution

Presenting the case for pension class actions

In recent months, the LGPS has been involved in high profile US class action cases with multi-million-pound settlements. Could these become more popular throughout the wider pension world?

CDC: Sharing investment risks and rewards

With Royal Mail’s collective defined contribution (CDC) scheme set to launch in October, Paige Perrin examines how the risk-sharing nature of CDC schemes could enable greater investment opportunities

On the rise: Pensioner poverty

Laura Blows explores why the number of pensioners living in poverty is increasing, the impact of this trend, and what the industry can do to help tackle the problem

Pensions in the digital era: Is the industry keeping up or falling behind?

The digital revolution is here to stay, but is the pension industry keeping up? What more can be done to encourage greater adoption of technology?

Rising to the challenge

Laura Blows speaks to the pensions ombudsman, Dominic Harris, about his plans to improve efficiency within The Pensions Ombudsman (TPO) and reduce waiting times

Risky business?

Funded reinsurance has faced growing scrutiny in recent months, but with capacity concerns being raised around the BPA market, it could also present an opportunity to reduce risk and meet the growing demand from DB schemes. Sophie Smith reports

Winning the battle

North East Scotland Pension Fund investment manager, Graham Buntain, and Robbins Geller Rudman & Dowd cofounder and partner, Mark Solomon, discuss their recent success in a battle for justice against American sportswear brand Under Armour

EM investment opportunities

Sandra Haurant explores the wide world of emerging markets equities

Balancing member engagement with GDPR

Has GDPR impacted on pension communications and the industry’s ability (or not) to be proactive with their engagement messages?

Increasing financial literacy; lowering scams

As part of Pensions Age’s year-long special focus on financial literacy, Chris Newlands explores the relationship between financial literacy, or lack thereof, and the risk of falling for pension scams

Preparing for the worst

Just like every other organisation, pension schemes need to manage potentially disruptive operational risks, and be prepared to respond to a crisis that could threaten a scheme’s

operations and its members’ wellbeing. David Adams looks at the steps trustees, managers and employers need to take to ensure a scheme is ready to respond when a crisis strikes

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Check out our latest jobs

Independent Chair to the Pension Board – Members of the Senedd Pension Scheme

Posted by

Wales

We are seeking an exceptional candidate for the role of Independent Chair of the Pension Board of the Members of the Senedd Pension Scheme to replace the Chair who has stepped down after several years of valuable service. The role is currently undertaken by an interim Chair while the new Chair is appointed.

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Trustee Director of the People’s Pension Trustee Limited

Posted by People's Partnership

Competitive

Crawley

Permanent

Since its launch is 2011, The People's Pension has grown rapidly with more than 6 million members, over 100,000 participating employers and assets under management of more than £30bn. As one of the UK's largest authorised commercial master trusts in the UK, The People's Pension is well managed by a strong and knowledgeable Trustee Board who look after the interests of all our members and employers. They now seeking to appoint two Trustee Directors to the Board to continue the excellent governance standards set by the Scheme effective from 1 April 2025.

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Senior Pensions Manager, In-House

Posted by Sammons Pensions Recruitment

Superb benefits, car allowance, bonus

Hybrid/3 days a week London City Based

Progressive career move with the in-house team of this major financial services organisation.

To discuss this role in confidence please call Sarah Bergin-McCarthy on 020 7293 7022 or email sbm@sammons.co.uk. please quote reference 81614.

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Pension Trustee Director

Posted by Abenefit2u

Based on experience

Flexible working on offer

Permanent

Bringing your vast experience of the UK Pensions Industry, you will provide Trustee Services to a portfolio of clients.

Your gravitas and communication skills will enable you to be a trusted member of the Board, as well as build strong relationships with relevant pension scheme sponsors.

For a confidential discussion please telephone Craig English on 07884 493361 or email craig@abenefit2u.com

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DC Pensions Governance

Posted by Sammons Pensions Recruitment

40000 - £60000 pa + excellent benefits

Hybrid working structure/Scotland

Fantastic opportunity for an individual with DC experience to join a highly effective large in-house pensions team focussing on Defined Contribution plan management for the company and trustees.

To discuss this role in confidence please call Jo Whittington on 020 7293 7022 or email jowhittington@sammons.co.uk. please quote reference 82432.

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Closing the gender pension gap

Laura Blows discusses the gender pension gap with Scottish Widows head of workplace strategic relationships, Jill Henderson, in our latest Pensions Age video interview

Endgames and LDI: Lessons to be learnt

At the PLSA Annual Conference, Laura Blows spoke to State Street Global Advisors EMEA head of LDI, Jeremy Rideau, about DB endgames and LDI in the wake of the gilts crisis of two years ago

Keeping on track

Building investments in a DC world