Latest News
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TPR shares equality, diversity and inclusion guidance
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'Significant' challenges to overcome ahead of VfM framework
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Shoe Zone Group Pension Scheme completes £34m buy-in
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TNFD published final beta framework for risk management and disclosures
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Research highlights impact of cost-of-living on pension saving
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HM Treasury announces plans to extend pension fund clearing exemption
Archive Features
Sandra Haurant explores the investment opportunities in the dynamic world of emerging markets
March 2023
Amid market uncertainty and rising inflation, Sophie Smith considers whether pension schemes’ focus on climate could be slipping, or whether a renewed focus could be on the horizon
March 2023
WHSmith pensions manager, Stephen Tiley, shares his tips for maximising the effectiveness of member communication
March 2023
The relationship between scheme advisers or consultants and trustees is at the heart of good scheme governance. Maggie Williams asks, are shifts in the consultant market and in the way that trustees work changing this partnership?
March 2023
Laura Blows explores how administrators are facing up to the simultaneous pressures of special projects, such as preparing for dashboards and GMP equalisation, along with handling increasing numbers of buyouts and member enquiries, all while maintaining business as usual
March 2023
The UK’s general lack of workplace pensions ownership continues to lead to low contributions, operational inefficiencies and a danger of a lost cohort of savers, finds Marek Handzel
March 2023
With growing numbers of people likely to be saving in ‘to and through’ DC pensions during the decades ahead, the need to ensure access to useful guidance and – if appropriate – regulated advice at different points in peoples’ lives will become more important. David Adams looks at how support for DC savers could and should be improved in future
March 2023
In the latest in Pensions Age’s scams focus, Laura Blows explores the psychological tricks used by scammers and the emotional impact of victims falling for such techniques
March 2023
Jack Gray sits down with TPR CEO, Charles Counsell, to discuss the regulator’s priorities for the coming year, professional trustee authorisation and his plans for when he steps down from the role
March 2023
Sophie Smith reflects on recent industry efforts to address the gender pensions gap and the policy reforms that could help bring the industry one step closer to equity
March 2023
With the spring Budget this month, Pensions Age summarises recent pleas to the government to reform auto-enrolment, advice/guidance, tax relief and pension ages, and the debates these requests generated
March 2023
Jess Pilz explains how the spotlight on ESG is shining as brightly as ever
March 2023
Sandra Haurant investigates the role that cryptocurrency could play in pension investments and the reasons why it has been kept at arm’s length so far
March 2023
Following the recent launch of the latest LGPS Legal Services Framework, Tom Dunstan talks to National LGPS Frameworks head of operational services and support, Leon Thorpe, about how this new framework is different and how it works in detail
March 2023
As DB schemes assess their investment portfolios’ overall liquidity in the lingering aftermath of the LDI crisis, renewed attention is being paid to collateral waterfalls
March 2023
With the cost-of-living crisis pushing some people to reduce or stop pension contributions, David Adams looks at the financial choices facing some pension savers and at how employers, trustees, the pensions industry and policymakers can help
March 2023
Financial Services Compensation Scheme CEO, Caroline Rainbird, chats to Sophie Smith about the plans to review its compensation limit, the growing complexity of pension claims, and the key aims for the FSCS in 2023
March 2023
Recent market volatility has boosted the appeal of annuities as a guaranteed source of retirement income. Maggie Williams explores whether the trend is set to last
March 2023
Calls for tighter controls around professional trusteeship have resurfaced in recent months, but could stringent regulation create a new set of problems for the sector? Francesca Fabrizi explores
March 2023
The latest in its year-long scams focus sees Pensions Age speak to Pension Scams Industry Group (PSIG) chair, Margaret Snowdon, about the group’s key priorities and new guidance, and the latest challenges in the fight against fraud
March 2023
People’s Partnership COO, Jo Palmer, discusses how the industry can improve the inclusivity of pension schemes
February 2023
Dale Critchley explores the challenges for trustees managing the money of savers in DC schemes
January 2023
Julia Fox explains how to get buyout comms right the first time
January 2023
Jonathan Watts-Lay looks at the challenges members may face in the year ahead, including
the increasing pressure from risings costs and how this may impact pension savings, as well as
the key considerations for members approaching retirement. With this in mind, he also outlines how schemes and employers can help members take the right course of action to optimise their retirement outcomes
the increasing pressure from risings costs and how this may impact pension savings, as well as
the key considerations for members approaching retirement. With this in mind, he also outlines how schemes and employers can help members take the right course of action to optimise their retirement outcomes
January 2023
Jon Exley, head of solution innovation at Schroders Solutions, considers whether it is time for defined benefit (DB) pension schemes to invest like an insurer
January 2023
Sue Austen explains how to create an action plan for better governance
January 2023
It’s time to rethink our current wasteful and unsustainable farming practices. As part of the
evolution towards a circular bio-economy, we need to replace toxic and inefficient methods that deplete nature in favour of regenerative agriculture, precision farming and nature-positive techniques, finds LOIM’s Alina Donets and Pascal Menges
evolution towards a circular bio-economy, we need to replace toxic and inefficient methods that deplete nature in favour of regenerative agriculture, precision farming and nature-positive techniques, finds LOIM’s Alina Donets and Pascal Menges
January 2023
Many UK companies opted for a master trust for the first time in 2012 to meet their auto-enrolment duties. A decade on, Standard Life head of master trust, Donna Walsh, says it may be time to conduct a pensions review
January 2023
The extreme volatility in gilt yields in the second half of 2022 will force trustees to re-examine their hedging programmes. CDI has been found wanting
January 2023
With the ever-constant regulatory change and uncertain economic landscape, trustees may be
feeling justifiably overwhelmed as they look out into 2023. Francesca Fabrizi explores
feeling justifiably overwhelmed as they look out into 2023. Francesca Fabrizi explores
January 2023
With an increased focus on ESG in both pensions investment strategies and the activities of underlying businesses in which funds are invested, greenwashing is not just an irritant but a real danger to schemes, members and trustees. David Adams reports on attempts to tackle the problem
January 2023
Will new Solvency II proposals help insurers cope with the buyout big-bang of the next few years and invest in UK growth? Maggie Williams explores
January 2023
As the new year starts, Tom Dunstan speaks to Association of Professional Pension Trustees (APPT) chair, Harus Rai, about the association’s goals for 2023, the challenges they envision facing, the reforms they would like to see occur and more
January 2023
With work on auto-enrolment reforms again delayed, Sophie Smith considers whether AE reforms could be on the horizon for the year ahead, or whether this could be another failed New Year’s resolution
January 2023
Concerns around a potential mis-selling issue have emerged as part of the inquiries around LDI, but in such a complex field, it can be hard to tell if this is a technicality, or a genuine concern for trustees. Sophie Smith reports
January 2023
With almost everyone involved with liability-driven investments (LDI) getting caught out by the dramatic events following the September 2022 mini-Budget, what needs to be done to improve oversight of the investment strategy?
January 2023
The Pensions Regulator (TPR) has emphasised that it will take action against those trustees who ignore employer-related investment rules. Sophie Smith considers the recent action taken by the regulator, and TPR’s expectations going forward
January 2023
In light of the recent publication of a report by the Fabian Society, Tom Dunstan examines both the report’s contents and the industry’s reaction to it to understand what the political pensions landscape might look like under a Labour government
January 2023
In the first of a regular series providing asset classes overviews, Sandra Haurant explores the latest developments within fixed income
January 2023
In the first of Pensions Age’s year-long series on the subject of scams, Laura Blows explores the different types of pension scams, how the cost-of-living crisis may increase the prevalence of scams, and the impact of scams for both the member and the pensions industry
January 2023
With deadlines set and standards emerging, attention is turning to ensuring pension providers and schemes are ready to provide data to dashboards from next year. Nick Reeve explores the progress so far and the hurdles still left to negotiate
January 2023
After a year in which the word eventful feels like an understatement, it doesn’t seem like the pensions industry is going to get much respite in 2023. Jack Gray investigates the key themes for the coming year
January 2023
Phil Brown looks back at an eventful 2022 and considers what’s in store for the year ahead
January 2023
With DB funding levels having improved significantly over 2022, the issue of trapped surpluses has been exercising minds, but sponsors looking to claw back their capital may well end up being disappointed
December 2022
With DB pension schemes’ funding levels continuing to improve, Maggie Williams investigates what this means for the buyout market
December 2022
Laura Blows explores what capital-backed journey plans are and the role they could play within DB schemes’ end game strategies
December 2022
Pensions Dashboards Programme (PDP) principal, Chris Curry, sits down with Jack Gray to discuss the programme’s progress on dashboards over the past year and what the next stages are
December 2022
Abigail Williams considers climate-related issues across asset classes
December 2022
LGIM is committed to achieving net-zero greenhouse gas emissions by 2050 across all assets under management. Here’s how we’re targeting this goal within different investment capabilities
December 2022
After DWP research suggests employers are sticking with their pension provider because of the perceived costs and difficulties of switching, Andy Knaggs asks how member benefits can be kept at the forefront of considerations
December 2022
Francesca Fabrizi speaks to Essex Pension Fund investment steering committee chairman, Councillor Susan Barker, and Stafford Capital Partners CEO, Angus Whiteley, about how timberland investment is helping the pension fund see attractive returns while making a positive impact
December 2022
Collective DC (CDC) for accumulation is only in its infancy, yet already conversations are growing about the role it could have in the decumulation space. Laura Blows finds out why
December 2022
Joanna Sharples explains how default investment strategies must evolve to meet members’ needs
December 2022
With more schemes now in scope of TCFD reporting requirements, Pensions Age asks those who have been through the process how they found the experience
December 2022
Sophie Smith reflects on Guy Opperman’s time as Pensions Minister and the key priorities that industry experts want to see the incoming Minister, Laura Trott, focus on
December 2022
If there was one overriding theme of 2022, it might have been showing resilience in the face of adversity. Whilst it might have been the first full year post-pandemic, it was nevertheless a busy, and sometimes difficult, one for the pensions industry. Constant changes in government and new regulations occurred alongside industry cooperation and discussions on dashboards. Tom Dunstan looks back on an eventful year
December 2022
The Employment Appeal Tribunal has overturned a potentially significant ruling made by the Employment Tribunal, which demonstrates the declining influence of EU law on domestic pension schemes and, perhaps, more widely
December 2022
Patrick Heath-Lay reveals how B&CE, the provider of The People’s Pension, has changed its name to People’s Partnership
December 2022
Technology is turning timber into a dynamic, rapidly growing industry
December 2022
Jonathan Watts-Lay considers how the cost-of-living crisis may be affecting pension contributions
December 2022
After Clara Pensions became the first UK superfund to gain TPR approval, Tom Dunstan examines the superfund landscape and provides an update on Clara’s first deal, the approval of other funds, and what superfunds might mean for the industry
November 2022
Pension risk transfer (PRT) and environmental, social, and governance (ESG) considerations have been subjects in the pensions landscape for years. But until now, the two have rarely become intertwined
November 2022
Pooling internal pension and investment resources across countries can be advantageous for multi-national employers but it brings complex challenges, writes Stephanie Baxter
November 2022
Gill Wadsworth considers the efforts being taken to reduce discrepancies between the regulation of contract-based and trust-based schemes
November 2022
Following the launch of the cross-industry Pension Attention campaign, Sophie Smith considers the successes of past industry campaigns, and whether such campaigns could be enough to improve the industry’s reputation
November 2022
Tom Dunstan speaks to Pasa board director, Gary Evans, about the association’s new defined contribution (DC) transfer guidance, what the guidance is, what its aims are, and how it was created
November 2022
Disagreements within the pensions industry can drive progress and change, but infighting can also damage member trust when it spills into the public space, argues Sophie Smith
November 2022
Jack Gray explores whether there has been an uptick in demand from DC schemes for private market investment and what barriers exist that are preventing increased allocations
November 2022
Sandra Haurant looks at the role real estate investment can have in pension scheme portfolios and the impact of recent market turmoil on the asset class
November 2022
In the aftermath of the recent LDI liquidity crisis, Laura Blows considers the reasons for this turmoil, the long-term changes it may instigate, and the lessons to be learnt
November 2022
Francesca Fabrizi asks the SC Johnson ‘Pensions Lady’, Julie Thake, how, despite the challenges of today’s economic climate, the DC scheme continues to achieve impressive engagement and contribution rates
November 2022
Despite the recent market volatility and uncertain political landscape, the Pensions Age Autumn Conference presenters kept a strong focus on bringing out the very best in UK pension provision
November 2022
China’s burgeoning renewable energy industry offers strong growth prospects as the country sets ambitious net-zero targets
November 2022
FTSE Russell’s Lee Clements explores how sustainability risks are now a key consideration within fixed income investment
November 2022
Schemes can do plenty to help members save more, even without auto-enrolment minimum contribution increases, says Maggie Williams
October 2022
Long shadow of today’s cost-of- living crisis could see lower paid workers facing harsher retirements
With the cost of living rising, many lower paid workers aren’t only struggling to meet current financial obligations but may also miss out on the long-term benefits of a workplace pension as they make tough spending choices. Legal & General co-head of DC, Stuart Murphy, considers the reality for low-paid workers and how to close the gaps in pension support
October 2022
Private debt as an asset class remains an important part of portfolios, despite the government-induced liquidity crisis. Georgie Lee explores
October 2022
Geopolitical tensions and economic uncertainty are threatening market stability, yet many investors remain unprepared for the challenging times ahead. Private markets and private debt offer an attractive alternative for pension funds and institutional investors in general
October 2022
Graham Matthews explains why the time is now for pension fund investors to explore green energy infrastructure
October 2022
Why we believe the asset management sector must rethink its approach to sustainability if it is to succeed in helping companies realise a truly sustainable future
October 2022
As the world of sustainable investing and ESG considerations continues to evolve, Pensions Age hears what may be in store for the future from industry bodies
October 2022
Lynn Strongin Dodds investigates the opportunities trade finance presents as an asset class for pension schemes and other institutional investors
October 2022
Trade finance provides an option for institutional investors seeking alternative sources of return, particularly given the recent volatility in fixed income markets. It has the potential to limit downside risk and provide a source of diversification
October 2022
The vast quantities of personal data that pension schemes and their administrators hold present a tempting target for cyber criminals. David Adams looks at what administrators and trustees need to do to keep member data safe
October 2022
With new retirement products increasingly under discussion, Tom Dunstan investigates the current at-retirement product landscape and the potential need for more flexible products
October 2022
With social media’s influence on financial planning growing, Sophie Smith considers how the pensions industry can use the growing trend of ‘finfluencers’ to its advantage, and combat the misinformation being spread
October 2022
Sophie Smith takes a closer look at how the Universities Superannuation Scheme measures up against the competition following its recent value for money report
October 2022
ESG disasters or events are more scrutinised than ever, but can’t always be foreseen, as pension fund investors know all too well
October 2022
Amid continued economic and political uncertainty, Jack Gray assesses private equity trends following the highs of 2021 and what opportunities the asset class presents for pension schemes
October 2022
October 2022 marks 10 years since the introduction of auto-enrolment in the UK. Jack Gray looks at how the marketplace has changed, whether the policy has met its aims and how it may evolve over the next 10 years
October 2022
Rupert Sheldon of Fiera Real Estate UK considers the role commercial real estate has to play in a pension fund portfolio during this current inflationary environment
October 2022
Soaring inflation, rising interest rates and widespread labour strikes. Sound familiar? The UK currently feels eerily reminiscent of the 1970s. However, pension investors today have options not available 50 years ago
October 2022
As the virtual world, known as the metaverse, continues to develop rapidly, Laura Blows explores what opportunities it may hold for the pensions industry
October 2022
Mark Condron considers the role master trusts have to play in the success of auto-enrolment
October 2022
In an otherwise ugly environment for bond issuers and investors, the future for emerging market debt looks unquestionably green
October 2022
Matt Richards provides an update on the bulk purchase annuities market
October 2022
Dawid Konotey-Ahulu is co-founder at Redington, Mallowstreet and 10000BlackInterns. He began his career as a barrister and then became an investment banker, before, in 2006, moving over to advising large institutional pension funds and insurance companies
September 2022
Roger Cobley has had a long career in pensions in many different roles, including chairman of Stamford Associates, president of the PMI and chairman of the Independent Pension Trustee Group
September 2022
Geraldine Brassett chairs the industry-wide GMP Equalisation Working Group and the PASA GMP guidance working group, as well as being a member of the PASA Pensions Dashboard Working Group. She is currently client relationship director within Capita’s Pension Pillar
September 2022
Robert Branagh is CEO for the London Pension Fund Authority. He has worked for trustee, not-for-profit, private-equity owned, and insurance businesses over the past 30 years. He has also managed the back office or pension functions for several pension schemes and been appointed to the board of The Pensions Ombudsman
September 2022
Schemes are increasingly turning to impact investment strategies to deliver outcomes for members and society as a whole
September 2022
AXA Investment Managers global head of pensions, Rachel Basarab-Horwath, looks at how pension trustees can deliver real, positive impacts for society and the environment while meeting their scheme’s strategic financial objectives
September 2022
Abigail Williams explores how pension funds are increasing their investments to natural capital
September 2022
Vishal Hindocha explains now is the right time for pension schemes to consider natural capital within its ESG considerations
September 2022
With the rapid growth in funding ratios over the past year, an increasing number of UK defined benefit (DB) pension schemes have been contemplating their investment approach
for the endgame – the point at which a plan moves from being underfunded to being fully funded or even having a surplus
for the endgame – the point at which a plan moves from being underfunded to being fully funded or even having a surplus
September 2022
The UK pensions industry is on the cusp of one of the biggest advancements it has ever experienced. After years of deliberation and consultation, pensions dashboards are finally set to become a reality in 2023. But is the market ready?
September 2022
Matthew Swynnerton looks at some recent developments in relation to pensions dashboards
September 2022
Evgenia Molotova, senior investment management at Pictet Asset Management and manager of Pictet Positive Change, an impact equity strategy with a difference, explains how her experience in industries not usually associated with impact investing was the source of inspiration for the strategy
September 2022
Smart Pension was founded in the UK to challenge traditional practices through a significant
technology advantage. Smart UK CEO, Jamie Fiveash, talks about how Smart Pension is transforming workplace pensions, as it continues its commitment to the UK market and UK savers
technology advantage. Smart UK CEO, Jamie Fiveash, talks about how Smart Pension is transforming workplace pensions, as it continues its commitment to the UK market and UK savers
September 2022
Jonathan Watts-Lay highlights the actions trustees and employers can take to help people avoid falling victim to pension scams
September 2022
Zoe Plowman explores developments within pension scheme auditing
September 2022
Sandra Haurant looks at the latest developments in the bond market and what this means for pension fund portfolios
September 2022
The Greater Manchester Pension Fund (GMPF) has been working hard to improve its technology, communication, value for money for its members and ESG – and has seen solid results. Its director of pensions, Sandra Stewart, tells Francesca Fabrizi what has driven those changes and what is next for the fund
September 2022
Increasing numbers of schemes are set to chase net-zero goals, but their pursuit is far from straightforward
September 2022
Laura Blows explores how the menopause can negatively impact women’s retirement savings and the efforts employers can take to improve this situation
September 2022
Maggie Williams considers what the industry can do to improve people’s financial wellbeing, particularly during this cost-of-living crisis
September 2022
Pensions Age takes a look at some of the industry figures driving the pensions industry forward in key areas, such as the fight against pension scams and the development of pensions dashboards
September 2022
Few things are as important to pension scheme member outcomes as the relationships between trustees and the scheme’s service providers and specialist advisers. David Adams looks at steps trustees can take to ensure the scheme gets the most out of them
September 2022
TPR’s updated single code of practice is due to come into force in the autumn. Jack Gray looks at the new requirements, how they will impact the day-to-day governance operations of schemes and what trustees need to prioritise
September 2022
Tom Dunstan talks to new PMI president, Sara Cook, about her appointment, her ambitions for the position, and her opinions on the cost-of-living crisis and its effect on the pensions industry
September 2022
Jack Gray investigates the ongoing crisis affecting the NHS as senior staff continue to retire early or scale back their working hours due to pension tax charges
September 2022
Sophie Smith takes a closer look at the latest pensions dashboard updates and the steps that pension scheme trustees should be taking to ensure they are prepared
September 2022
The pensions industry has moved increasingly to digitalised communications in recent years. But does this shift risk leaving behind the less digitally savvy?
July-August 2022
Sandra Haurant explores the changing nature of sustainable investing
July-August 2022
The government wants local authority pension funds to support local social and infrastructure investments through a significant uptick in allocations. Across much of the LGPS, this is far from a new concept
July-August 2022
The Aviva Staff Pension Scheme recently embarked on a new journey aimed at meeting both the investment needs of its members and helping achieve the trustee’s ambitious ESG goals. Pensions investment director, Steven Catchpole, tells Francesca Fabrizi about the steps it took to get to where it is today
July-August 2022
A round-up of the latest happenings in key pensions markets across the world
Juy-August 2022
Laura Blows looks at the size of the pension market worldwide and how its asset allocations are changing
July-August 2022
Maggie Williams explores the difference between men and women’s pension pot size at retirement and the efforts the pensions industry can take to shrink the gap
July-August 2022
With woefully inadequate private sector DC contributions and increasingly unaffordable unfunded public sector provision, is the UK’s pension system teetering on the
brink of disaster?
brink of disaster?
July-August 2022
TPR allowed sponsors to defer deficit recovery contributions (DRCs) as a short-term measure to ease the financial pressures created by the Covid-19 crisis. Two years
on and new challenges mean deferrals may still be required, finds Gill Wadsworth
on and new challenges mean deferrals may still be required, finds Gill Wadsworth
July-August 2022
Consumers are having to make tough decisions as rising inflation and economic hardship bite. Andy Knaggs finds out how the pensions sector will be impacted and how it can
respond
respond
July-August 2022
Tom Dunstan talks with the ACA’s new chair, Steven Taylor, about his plans for the role and the challenges actuaries should meet
July-August 2022
Jonathan Watts-Lay explores the concerns trustees have for their members
July-August 2022
Catching up with the pensions world post-Covid-19, speakers considered the recent progress made and the work still needed
July-August 2022
The industry has been striving for years to engage members with their pensions, but it’s important to take the right approach, or risk pushing members away, argues Maggie Williams
June 2022
The pensions industry has taken large steps towards making itself more diverse and inclusive. But progress has been slow. Marek Handzel asks if this is set to change any time soon
June 2022
In an ever-more digital and mobile-enabled world, it makes sense for pension providers, schemes and sponsoring employers to use these technologies to improve saver/member engagement. But are the investments being made in these technologies achieving
the desired results and ensuring more people have better retirement incomes? David Adams investigates
the desired results and ensuring more people have better retirement incomes? David Adams investigates
June 2022
Jack Gray investigates how the pensions industry can utilise younger people’s interest in ESG-related issues to increase their engagement with their pensions
June 2022
With stock markets in turmoil and bond yields depleting, some pension funds are looking at trade finance as an alternative for diversification, writes Christopher Marchant
June 2022
Trade finance needs are rising, driven by recent supply chain disruptions and a tightening of bank funding
June 2022
Following the announcement of the PLSA and ABI’s cross industry engagement campaign earlier in the year, Tom Dunstan investigates its details, aims and methodology
June 2022
CSM Limited (UK) Pension Scheme trustee and 20-20 Trustees trustee director, Becky Wood, discusses the scheme’s recent buy-in with Just Group, its plan to eventually secure a buyout, and the key factors in successfully completing a (relatively) small scheme de-risking deal
June 2022
Georgie Lee looks at the role fixed income can play today, given the current environment
June 2022
There is always a lot on trustees’ agendas. Funding levels, covenant risk, ESG issues, endgame planning and more are undoubtedly keeping schemes busy. But is fixed income
asset allocation opportunity on the agenda?
asset allocation opportunity on the agenda?
June 2022
Delighted to have taken on the role of managing director at Capital Cranfield, Harus Rai tells Francesca Fabrizi how he went from his cricketing dreams to working in pensions
June 2022
Faced with higher inflation, hawkish central banks and record low bond yields, DC investors face a dilemma when selecting effective diversifiers that reduce portfolio volatility and enhance risk adjusted returns of members. But a new white paper suggests how an allocation to gold could play a supportive role in DC
June 2022
The topics of ESG and sustainability are dominating pension agendas for all the right reasons, but are pension schemes coping with the overwhelming amount of pressure this is putting on them? Francesca Fabrizi asks
June 2022
Ahead of his retirement, Aries Insight co-founder, Ian Neale, sits down with Sophie Smith to discuss his more than 30 years in the pensions Industry
June 2022
Following a number of high-profile disputes, Sophie Smith explores how pension scheme trustees, sponsoring employers and unions can work together in the interest of members
June 2022
We examine the urgent need for greater consistency and definitive guidelines when assessing sustainable investments
June 2022
Matthew Swynnerton comments on a consultation relating to several key issues facing pension schemes today
June 2022
An active multi asset approach offers investors the flexibility to adjust to changing inflation dynamics and generate positive real returns
June 2022
Tom Dunstan examines the debate around the establishment of a pension commission and the current possibility of it happening
May 2022
Following the McCloud ruling, Gill Wadsworth looks at the latest developments for public sector pensions
May 2022
A spokesperson from the National Employment Savings Trust (Nest) speaks to Jack Gray about the action the scheme took following the Russian invasion of Ukraine, the assets it held and sought to divest from, and the challenges the scheme faced in reducing its exposure to Russian assets
May 2022
Maggie Williams explores the take up of deficit recovery contribution breaks to help sponsors during the pandemic, and the new macro pressures employers face now with making pension payments
May 2022
If 2022 is teaching us anything, it’s this – pension schemes need to step up and help members with their today, as well as tomorrow
With the Office of Budget Responsibility (OBR) warning that living standards are set to fall at the fastest annual rate since 1956, our industry faces a fork in the road, writes Alison Hatcher, CEO of HSBC Tomorrow Master Trust. Given the parallel challenge of an impending pensions crisis, she adds, it’s time to act today
May 2022
Sophie Moore and Richard Cook consider what employers and trustees can do to help members make the best choices with their retirement savings
May 2022
As the DC pensions market continues to grow, Sophie Smith considers the challenges that the industry should be considering when looking to build a strong base for future generations
May 2022
With 2022’s AGM season now underway, Natalie Tuck looks at the key issues important to investors this year
May 2022
Sophie Smith talks to Taskforce on NatureRelated Financial Disclosures (TNFD) co-chair, David Craig, about the group’s new beta framework and what steps pension schemes should be taking
May 2022
David Adams asks if the high profile of ESG offers pension schemes an opportunity to improve member engagement, benefitting schemes and members – as well as the environment and society
May 2022
Mixing younger savers with environmental, social and governance (ESG) issues conjures images of protest, divestment and social action. The reality is more complicated. We explore what happens when ESG imperatives and well-known brands come into conflict
May 2022
As the GMP conversion bill has completed its journey through parliament, trustees are navigating technicalities to implement solutions for members
May 2022
The state pension has been in the spotlight as the cost of living rises and inflation soars. Jack Gray analyses the recent developments and their potential impact on workplace savings
May 2022
Grant Stanley questions whether the industry is utilising new technologies to empower data strategies
May 2022
David Sack highlights the case for adding US Treasuries to a portfolio’s allocation
May 2022
Fixed income markets have become increasingly volatile, a trend that looks set to continue. Investors need to adapt themselves
May 2022
The gender pensions gap remains a concern, with the pandemic exacerbating underlying issues and calls for policy changes growing. Sophie Smith reports
April 2022
Cryptocurrencies are attracting North American institutional investor capital. But is it time for UK pension funds to make an allocation to this speculative asset class?
April 2022
The North East Scotland Pension Fund (NESPF) has had a busy two years, to include the continued integration of ESG within its successful investment strategy, a rebrand, a new website, an administration review and a buy-in. Pension fund manager, Laura Colliss, tells Francesca Fabrizi what all this has meant for the fund
April 2022
Francesca Fabrizi looks at why investing in illiquid assets should be on pension funds’ radars more than ever and what the asset class can offer schemes given today’s economic environment
April 2022
Gill Wadsworth considers how the strength of its employer covenant may influence a pension scheme’s sustainable investing appetite
April 2022
In just five years an aggregate deficit for the UK’s DB schemes of £700 billion has become a surplus of £40 billion. David Adams finds out why; and considers what scheme trustees and sponsors can do to make the most of a wonderful opportunity
April 2022
Robert O’Connor investigates how scheme consolidation trends (both DC and DB) may affect investment options, attract talent, reassure the regulator and serve their members
April 2022
Financial Reporting Council (FRC) head of stewardship, Claudia Chapman, speaks to Jack Gray about the organisation’s UK Stewardship Code and why it is important for pension schemes to sign up
April 2022
Marek Handzel explores the difficulties of ensuring DC schemes’ value for money assessments will truly generate the best results for members
April 2022
Rita Butler-Jones provides a four-step checklist to help DC schemes carrying out value for money assessments
April 2022
Annuities were once the only option for most retirees with a DC pot but in a post-pension freedom world, data is beginning to suggest their role in the decumulation phase is largely reserved for the second half
April 2022
Jack Gray investigates pension providers’ and regulators’ increased focus on DC retirement outcomes
April 2022
Jack Gray investigates pension providers’ and regulators’ increased focus on DC retirement outcomes
April 2022
Following the industry victory to include paid-for advertising in the Online Safety Bill, Sophie Smith considers what this will mean for savers and the work that is still needed to protect members from bad actors in an increasingly digital world
April 2022
The UK pensions industry is on the cusp of one of the biggest advancements it has ever experienced. After years of deliberation and consultation, pensions dashboards are finally set to become a reality in 2023. But is the market ready?
22/08/2022
Open finance has garnered interest from the FCA and it could pave the way for far-reaching industry changes which, experts believe, would reap rewards for consumers
March 2022
Laura Blows explores asset allocation trends within DB scheme portfolios
March 2022
Abigail Williams considers how ESG considerations are being incorporated into pension funds’ fixed-income allocations
March 2022
Scott Freedman outlines Newton’s thoughts on the prospects for global fixed-income markets and the crucial part that bond markets are likely to play in the transition to a low-carbon economy
March 2022
Sophie Smith takes a closer look at the events that led to recent court judgments on the Pension Protection Fund, and the progress that made so far in implementing the necessary changes
March 2022
Tom Dunstan talks to Pensions Ombudsman and Pension Protection Fund Ombudsman Anthony Arter about the new Pensions Dishonesty Unit and other recent developments for TPO
March 2022
The change to the statutory transfer regime, enabling trustees to prevent a transfer if red flags occur, has been celebrated as another weapon in the fight against scams, but it does also create a number of issues for trustees to navigate, reveal Nicholas Laird and Sruti Banerjee
March 2022
Gill Wadsworth considers the many pitfalls retirees may inadvertently fall into when drawing down their pension savings and how the industry can help them avoid the risks
March 2022
The regulator’s new tougher powers and what they mean for those investigated
March 2022
Even before the Covid-19 pandemic hit, many vulnerable people were already struggling to engage with financial services. How can schemes help them for the future, asks Maggie Williams
March 2022
Jack Gray examines the Private Member’s Bill currently making its way through parliament that aims to clarify and streamline the GMP conversion process for pension schemes
March 2022
Judith Hetherington explores the findings of Crowe’s fifth Governance and Risk Management Report
March 2022
Matthew Swynnerton looks at the new DWP stronger nudge to pensions guidance requirements for trustees of occupational pension schemes
March 2022
Jon Cunliffe explores the balance between investing socially and maximising risk-adjusted returns
March 2022
Jonathan Watts-Lay explains why pension engagement is crucial for prosperity in retirement
March 2022
Sophie Moore and Richard Cook consider how to support DC members in their retirement decisions
March 2022
The impact on our health of living longer should be making pension schemes sit up and rethink their digital offer
March 2022
Ensuring individuals make the most of their pension money often does not just improve their quality of life in a financial sense, but in an emotional way too. Pensions Age asked for your memorable stories of helping savers make the best choices with their retirement savings
February 2022
Pension schemes have shredded their home bias to expand their horizons to global opportunities. But as the UK looks to build back better, Sophie Smith considers whether some schemes could be tempted closer to home
February 2022
As trustees prepare for a judicial review into changing inflation indexes, understanding the broader implications is key for trustees and members alike
February 2022
Macmillan Cancer Support Pension Scheme adviser, Emma Moscrop, meets Francesca Fabrizi to discuss how hard work and commitment by the scheme, its trustees and its advisers have led to governance, funding and communications success
February 2022
The E in ESG dominates discussion of the concept – unsurprisingly, given the urgency of the climate crisis. But to what extent are pension schemes also seeking to improve their performance on the S and the G? David Adams investigates
February 2022
LGIM Head of Sustainability Solutions, Caroline Ramscar, discusses with Pensions Age how LGIM can help trustees meet their ESG and sustainability investment objectives for 2022 and beyond
February 2022
PPI research associate, Anna Brain, talks to Tom Dunstan about the PPI’s new research framework
February 2022
While the DWP’s recent dashboard staging dates announcement drives up scheme preparation, the PDP is hard at work alpha testing with its chosen providers. Laura Blows finds out more
February 2022
Maggie Williams explores the growing interest and efforts made to improve diversity, equity and inclusion, both within the industry and when catering to savers
February 2022
Jack Gray speaks to Keller Lenkner investment and fraud mis-selling group technical director, Ben Rees, about the law firm’s work with ex-military personnel who fell victim to a pension mis-selling scheme
February 2022
Jack Gray discusses remote workers’ appetites for increasing pension contributions with money saved by working from home
February 2022
Jon Cunliffe highlights the importance of maintaining a default fund that best serves the needs of its members
February 2022
As the number of pension schemes and providers committing to net zero grows, Sophie Smith looks at whether this will be a real catalyst for change, or whether these promises will be easily made, and easily broken
January 2022
Jonathan Hazlett and Alicia Cain provide their top five actions for pension scheme trustees to get ready for pensions dashboards
January 2022
The Pensions Regulator (TPR) director of enforcement, Erica Carroll, speaks to Jack Gray about the regulator’s use of anti-avoidance powers after the Silentnight Group’s DB pension scheme was severed from its sponsoring employers’ business by a pre-pack administration
January 2022
With auto-enrolment resulting in millions of new pension scheme members, ensuring that the public has the basic skills and confidence to manage their pension is a responsibility for educators and the industry alike
January 2022
SPP president, James Riley, speaks to Laura Blows about the industry’s challenges for the year ahead
January 2022
Laura Blows explores the benefits and practicalities of implementing regular trustee board effectiveness reviews
January 2022
A recent global pension index has seen the UK’s pension system move up the rankings to take ninth place. While this is something to celebrate, the UK still has a lot of work to do to reach the top. Natalie Tuck reports
January 2022
Sophie Dapin explores transitioning to net zero through fiduciary management
January 2022
If retirement planning brings lots of benefits, why are many of us still not doing it?
January 2022
Jonathan Watts-Lay considers how to improve retirement outcomes in the year ahead and beyond
January 2022
As the global economy pivots to net zero, long-term investing has become yet more challenging. Scale matters – and Aviva, a whole of market de-risking provider – can help schemes of all sizes achieve long-term sustainable outcomes
January 2022
Trustees face increasing pressure to conform with ever-changing ESG and climate reporting requirements and demand from members. Consequently, DB and DC schemes embrace ESG-aligned benchmarks with enthusiasm, but does investing via low carbon indices go far enough?
January 2022
What will be the big issues for pension trustees in the coming year? Pensions Age spoke to a range of companies and industry bodies to gain some insight into the challenges and the hopes
January 2022
Jack Gray analyses the number of new regulations and consultations pension scheme trustees are having to contend with, and discusses how they can keep up with the increased workload and responsibility
January 2022
With an eventful 2021 behind us, bringing with it a swathe of new regulations and consultations, 2022 is already shaping up to offer more of the same. Francesca Fabrizi reflects on some key themes for the coming year
January 2022
Martin Bird takes us through the findings of Aon’s 2022 risk settlement survey
July-August 2022
Phil Brown explains why pension providers should focus on scheme costs, even if members don’t
July-August 2022
By offering increased opportunities for engagement, master trusts can help members get more from their pension whilst also growing their AUM
July-August 2022
Jane Marshall looks at the lasting impact of the Maxwell pensions scandal, 30 years on from his death
December 2021
Are Investment Pathways working? Andy Knaggs speaks to pension providers to gauge the early response levels and experience of the new ‘ready-made’ pension investment options
December 2021
As a buyout is increasingly the end goal for DB schemes, Maggie Williams explores the capacity of this market to meet demand
December 2021
Schneider Electric pension manager, Jerry Gandhi, and pensions administration manager, Richard Taylor, tell Francesca Fabrizi about the DC scheme’s recent move to a master trust, and the positive changes it has meant for the scheme going forward
December 2021
Abigail Williams explores how pension funds are incorporating ESG into their infrastructure investment considerations
December 2021
UBS head of infrastructure equity Europe, Bronte Somes, and head of infrastructure research and strategy, Declan O’Brien, discuss with Pensions Age ESG’s impact on
infrastructure investing
infrastructure investing
December 2021
Pensions Management Institute (PMI) director of policy and external affairs, Tim Middleton, looks back at the biggest issues of 2021 and how industry training can help pension providers tackle these challenges
December 2021
Trusteeship has become more complex and demanding in recent years. Amid worrying signs that more current and prospective trustees are deciding not to serve in the role, David Adams asks if the professional trustee industry can help to meet growing demand and considers what else can be done to ensure a steady supply of new trustees are able to deliver effective scheme governance
December 2021
As consumers demand entertaining communication from retailers, restaurants and social media, pensions providers need to raise their game
December 2021
Marliane Owen explains the importance of creating a personal connection with pension comms, even in a digital world
December 2021
Lockdowns have been the tipping point for the pensions industry to finally embrace digital comms to members, but technological adoption will not spell the death knell for traditional comms just yet
December 2021
Pete Carvill explores the investment priorities of DB schemes as they approach their endgame
December 2021
2021 may be remembered as one of the most transformational years in history for the sector. Recovery from the Covid-19 pandemic was pursued alongside a barrage of new regulations and consultations, with the industry never being more active in communicating and cooperating with the government and regulators. Jack Gray looks back on a hectic year
December 2021
The government recently confirmed its finalised framework for the Long-term Asset Fund, although industry concerns persist around the charges and potential delays for members. Sophie Smith reports
December 2021
Crowe’s Judith Hetherington explores how fraud and cybercrime continue to affect pension schemes
December 2021
A look back on the complexities surrounding the NMPA increase
December 2021
Jon Cunliffe explains why default funds must be at the heart of any climate change strategy
December 2021
The government has proposed a solution to resolving the tax relief issue for low earners in
net-pay pension scheme arrangements, but is the proposed method sufficient? Natalie Tuck reports
net-pay pension scheme arrangements, but is the proposed method sufficient? Natalie Tuck reports
December 2021
Matthew Swynnerton, who is a member of the Pension Scams Industry Group (PSIG), looks at the new requirements for statutory transfers under the Conditions for Transfer Regulations
December 2021
The DWP has committed to rectifying issues around underpaid state pensions
by 2023, Sophie Smith looks at the progress so far
by 2023, Sophie Smith looks at the progress so far
December 2021
Rupert Kotowski considers how long-term goals are shaping DB schemes’ investment strategies
December 2021
As concerns over the growing problem of lost pension pots continue, Sophie Smith explores what is being done to address this issue and protect member savings
December 2021
Pension scheme trustees are increasingly aware of the impact that climate change could have on their portfolios – but they need more and better-quality data to support
meaningful action
meaningful action
December 2021
BlackRock considers the benefits of international diversification within private market investment
December 2021
From Netflix subscriptions to annual holidays abroad, Natalie Tuck looks at what retirees need to save to be able to afford life’s luxuries based on the PLSA’s updated
Retirement Living Standards
Retirement Living Standards
December 2021
While bonds will suffer as rates rise, equities should deliver decent single digit gains as strong corporate profits offset a decline in stocks’ earnings multiples
December 2021
Thomas Hohne-Sparborth debunks seven misconceptions about scope 3 emissions
December 2021
Robert O’Connor looks at a muted industry response to government’s long-term care initiative
November 2021
How can pension trustee boards maintain positive professional relationships?
November 2021
With the government consultation now concluded, the industry has broadly welcomed the proposed reforms for public sector pensions. However, concerns remain about how effective these measures will be
November 2021
Pension Protection Fund (PPF) CEO, Oliver Morley, and CFO, Lisa McCrory, sit down with Sophie Smith to discuss the lifeboat’s latest annual accounts and funding position, and the steps it is taking to ensure members remain protected
November 2021
Rising inflation and a wider range of products has created new trends in the world of fixed income investing in pension funds, and its role is likely to change in the future
November 2021
Janus Henderson Investors global head of fixed income, Jim Cielinski, speaks to Pensions Age about trends in the fixed income market
November 2021
Pensions Minister, Guy Opperman, wants to shake up pension engagement through his proposed statement season, but will it stir up problems for the industry?
November 2021
Kingfisher Pension Scheme chair of trustees and BESTrustees trustee executive, Clive Gilchrist, talks to Jack Gray about the scheme’s recent £900 million buy-in with Aviva, how previous deals helped with the process, and how those involved adapted amid the Covid-19 pandemic
November 2021
Maggie Williams considers whether DB schemes are obtaining the optimal mix of liquid and illiquid assets
November 2021
Abigail Williams explores the level of trustee training and education around ESG issues
November 2021
Michelle Scrimgeour explores how asset managers have to adapt to the evolving responsible investment regulations and changing client views
November 2021
At the latest PLSA Annual Conference, one of the key items on the agenda was addressing the proliferation of small, deferred pension pots. Jack Gray provides a roundup of the session, looking at the scale of the issue, the work done by the Small Pots Cross-Industry Co-ordination Group so far, and the potential solutions
November 2021
Mahdi Mokrane and Marcelo Cajias explain why a city-focused approach is vital for investing in the European residential sector
November 2021
As union members make their voices heard in ballot action, Sophie Smith looks at the
tensions surrounding the Universities Superannuation Scheme over the past year
tensions surrounding the Universities Superannuation Scheme over the past year
November 2021
Amid continued focus on the value of consolidation, Sophie Smith takes a closer look at the recent progress made on introducing DB superfunds to the pensions industry and the alternatives that are already waiting in the wings
November 2021
Rarely have emerging economies been subject to such powerful and conflicting forces. The result is a considerable dispersion in opportunities for investors
November 2021
Customers are used to Uber and their pizza deliveries keeping them regularly informed and
updated. They deserve the same service from their pension providers
updated. They deserve the same service from their pension providers
November 2021
Highlights from BlackRock’s latest research paper on the practical implications of moving from climate pledges to practice for multi-asset investors
November 2021
As the race to net-zero accelerates, investors need to act urgently
November 2021
Phil Taylor explores what small, trust-based schemes should consider when moving into a
master trust arrangement
master trust arrangement
November 2021
John Baines and Alastair McIntosh explore how, for the first time ever, more schemes are targeting buyout than self-sufficiency
November 2021
David Sack highlights the case for adding US Treasuries to a portfolio’s allocation.
May 2022
Fixed income markets have become increasingly volatile, a trend that looks set to continue. Investors need to adapt themselves.
May 2022
Phil Brown explores the need to increase pension saving, despite the success of auto-enrolment, and how this could be achieved
April 2022
When it comes to responsible investment strategies, sovereign bonds have so far largely been overlooked. We believe that needs to change
April 2022
Clare Freeman and Steven Leigh explore the work DC schemes can do to help members achieve adequate retirement outcomes
April 2022
Standard Life defined benefit solutions senior business development manager, Kieran Mistry,
speaks to Pensions Age about bulk purchase annuity market trends and how schemes can attract insurers’ attention
speaks to Pensions Age about bulk purchase annuity market trends and how schemes can attract insurers’ attention
April 2022
Laura Blows explores how the separate worlds of ethical investing and Islamic finance are starting to converge
April 2022
This year is predicted to be the biggest ever for the pension risk settlement market. Jack Gray investigates the factors that could drive the forecast increased activity and whether insurers have the capacity to meet scheme demand
March 2022
Sophie Moore and Richard Cook consider how to support DC members in their retirement decisions
March 2021
Rhian Littlewood looks back at Phoenix Group’s first year of its bulk purchase annuity (BPA) business rebrand to Standard Life and reveals its plans for the coming year
February 2022
John Baines and Alastair McIntosh explore how, for the first time ever, more schemes are targeting buyout than self-sufficiency
November 2021
Government data has raised concerns that pensioner poverty is on the rise, with past progress at risk of heading into reverse. Sophie Smith takes a closer look at the growing inequalities and what can be done to help savers avoid spending their golden years in poverty
October 2021
What consequences has the pandemic had for private sector DB pension schemes, in terms of longevity risks, funding, investment strategy and progress towards an endgame? David Adams investigates
October 2021
In the current low-interest rate environment, emerging market debt is seen as one of the few places investors can still generate attractive returns. Natalie Tuck reports
October 2021
MetLife Investment Management (MIM) portfolio manager of emerging market debt (EMD), Scott Moses, speaks to Pensions Age about the latest trends within EMD and the opportunities these can provide for pension fund investors
October 2021
Jack Gray speaks to BESTrustees trustee executive, Lisa Mundy, about the Qinetiq Pension Scheme’s £130 million buy-in with L&G Assurance Society and what it was like transacting during the Covid-19 pandemic
October 2021
Spotting short-term investment opportunities can be a valuable tactic in a trustee’s armoury, but how can this be effectively combined into a long-term investment strategy?
October 2021
Building robust sustainable investment approaches needs collaboration between trustees, consultants, asset managers and the wider industry says Maggie Williams
October 2021
We believe that the journey towards sustainability is inherently a collaborative one and that we can have far more impact through engaging with the companies we consider investing in
October 2021
Francesca Fabrizi looks at how e-administration is developing in the pensions space, who is leading the way and why it’s essential that schemes and administrators don’t fall behind
October 2021
Jack Gray investigates why young people may have a lower risk appetite than previous generations and what the industry can do to improve their understanding of the risk/reward balance
October 2021
Bad decisions or no decisions at all – there are many reasons why savers don’t take an active role in managing their pension pots. Andy Knaggs hears how the sector is trying to tackle the situation
October 2021
Rita Butler-Jones considers the impact the 25 per cent tax-free lump sum at retirement has had on pensioner spending
October 2021
Pensions and Lifetime Savings Association (PLSA) incoming chair, Emma Douglas, chats with Sophie Smith about her objectives heading into the role and how the pensions industry will look forward to a post-pandemic world
October 2021
A raft of new regulations come into force in October, including new powers for The Pensions Regulator (TPR), DC governance changes and updated climate change regulations. Pensions Age has therefore asked the industry about what professionals need to be most prepared for and which changes could be the most challenging to address
October 2021
Royal London Asset Management (RLAM) senior fund manager, Rachid Semaoune, chats with Duncan Ferris about the firm’s new Global Sustainable Credit Fund and how in-house processes help to ensure high sustainability standards are met
October 2021
Christoph Schumacher reveals how investments in real assets can be a key part of sustainable and responsible investing
October 2021
Dr Michael A. Ridley highlights the important role of natural capital in reducing CO2 emissions and the benefits it can provide for investors
October 2021
Lynn Strongin Dodds explores the many recent developments within sustainable investing
October 2021
Sue Hunter explains how The People’s Pension is making a difference to millions of UK savers
October 2021
What are the advantages of active credit allocation in portfolios now that government bonds no longer serve their traditional purpose?
October 2021
Jonathan Watts-Lay explains how planning for retirement should lead to improved member outcomes
October 2021
Adam Gregory asks whether the green agenda is relevant for small/medium size schemes
October 2021
Sam Tripuranen explores how to implement long-term sustainable investing within defined contribution funds
October 2021
Paul McGlone looks at how those managing pension schemes can tackle cyber risk
October 2021
Despite policies like auto-enrolment and exciting developments like the dashboard, pensions are still not a topic that seems to grab the attention of the general public. Pensions Age asks members of the industry for their thoughts on whether pensions need a makeover and the most effective way to rebrand saving for retirement
September 2021
Networking, a key part of professional life, has changed a great deal under the Covid-19 pandemic. Duncan Ferris examines how pension professionals have been impacted by the transformation and what the future of the industry’s meetings and events might look like
September 2021
Pete Carvill looks over the ups and downs of members’ pensions transfers over the past year
September 2021
With the Pensions Dashboards Programme about to move into the development stage of dashboards, Natalie Tuck looks at what this entails and the challenges still to overcome
September 2021
Jack Gray chats to Money and Pensions Service (Maps) chief executive, Caroline Siarkiewicz, about the planning and implementation of the service’s recent move to consolidate its existing financial and pension advice brands into a single offering, MoneyHelper
September 2021
Andrew Williams explores the role of fiduciary managers in helping pension schemes with their responsible investment
September 2021
Philippa Allen and Sam Segameglio at Aon discuss why a fiduciary management approach to responsible investment can help trustees achieve their sustainable investment goals
September 2021
Sophie Smith sits down with Councillor, Eric Kerry, to discuss what prompted the Nottinghamshire Pension Fund to back the pledge to combat pension scams, and how it has worked to protect members’ benefits amid the pandemic and climate concerns
September 2021
Jack Gray investigates the work being done in partnerships between charities and pension firms
September 2021
Whilst pressure for pension schemes to combat climate change has continued to grow, the UK taxonomy defining what exactly green looks like remains unclear. Sophie Smith explores how pension scheme trustees can best navigate this uncertainty and address greenwashing fears
September 2021
The growth of professional trusteeship represents a profound change in the sector, calling into question the long-term future of lay trustees. Andy Knaggs looks at what this means for the pensions industry
September 2021
Jack Gray speaks to Royal Mail head of corporate pensions, Angela Gough, about her role in implementing its CDC design
September 2021
Understanding the importance of diversity is one thing, putting diversity into practice is another. Francesca Fabrizi speaks to some of the pension firms that are leading the way with their diversity and inclusion strategies, to assist those who are looking to learn from their peers
September 2021
Matthew Swynnerton looks at two recent court judgments that considered the construction of pension scheme rules
September 2021
With 34 million UK pension consumers, John Dovey, at Paragon Customer Communications, discusses how communication strategies are addressing critical industry challenges
September 2021
Multi-asset credit (MAC) and absolute return fixed income strategies have long competed for
investor attention. But does choosing one over the other make sense?
investor attention. But does choosing one over the other make sense?
September 2021
As people are increasingly reaching key life events, such as buying a home or getting married, later in life than previous generations, Laura Blows considers what this means for pensions communications
July-August 2021
As the government once again doubles down on its commitment to the pensions triple lock, Sophie Smith takes a closer look at the debate surrounding it and the issues brewing as a result of the pandemic
July-August 2021
Whilst many assume a neat glidepath into retirement, issues around care, ill health and unemployment have seen an increasing number of savers taking early retirement, not necessarily by choice. Sophie Smith reports
July-August 2021
Institute for Fiscal Studies (IFS) associate director, Rowena Crawford, chats with Duncan Ferris about recent research from the organisation that looked at life-cycle pension saving habits from before the implementation of automatic-enrolment (AE)
July-August 2021
Francesca Fabrizi explores why contingent funding arrangements are predicted to become more mainstream among DB pension schemes today and how schemes can make the most of what’s on offer
July-August 2021
Following the market crash at the outbreak of the pandemic, DB schemes’ funding positions have bounced back to above pre-pandemic levels. Jack Gray explores the reasons behind the improvement and what it means for investment strategies
July-August 2021
Association of Member Nominated Trustees (AMNT) co-chair, David Weeks, speaks to Jack Gray about why pension scheme investors may be looking to private equity and how it can play its part in a more responsible investment environment
July-August 2021
Laura Blows looks at how changing societal trends are affecting property use and investment opportunities
July-August 2021
Duncan Ferris examines how the UK’s collective defined contribution (CDC) schemes appear to differ from those already established overseas
July-August 2021
Duncan Ferris examines what the UK and other major pensions industries across the globe have been up to during the pandemic, whether it be struggling for stability amid tanking equities or spending time understanding ESG concerns
July-August 2021
Following the Universities Superannuation Scheme’s (USS) recent commitment to reach net zero, Sophie Smith takes a closer look at how the scheme has been putting its promise into action
July-August 2021
Phil Brown urges consideration for how the DWP’s burst of policy activity will fit together
July-August 2021
Inflation is picking up, but there’s no need to panic. Economic growth is expected to remain strong, and investments in cyclical and quality business should do well
July-August 2021
Natacha Blackman explores how the European bond market is adapting to changing needs – and the important role fixed-income ETFs have to play
July-August 2021
Jonathan Seed considers how trustees can design an effective endgame strategy
July-August 2021
With Aon’s purchase of Willis Towers Watson in potential jeopardy following the announcement of a lawsuit by the US Department of Justice, Jack Gray takes a look at the story of the possible merger so far
July-August 2021
BlackRock is excited to release the inaugural Global Impact Annual Report. Reflecting an unprecedented period in history, the report captures not only the reality of the immense challenges we face amid the ongoing global pandemic, but also the resilient responses that so many impact enterprises offer as solutions
July-August 2021
Joanna Sharples considers how today’s pension savings can shape tomorrow’s world
July-August 2021
Laura Blows discovers the skills, interests and hobbies industry people have outside the world of pensions
June 2021
Social media has opened up the ease of access to financial information for a willing audience but the UK pensions industry has yet to fully engage with this opportunity, Laura Blows finds
June 2021
Jack Gray chats to Local Government Pension Scheme (LGPS) Scheme Advisory Board head of pensions, Jeff Houston
June 2021
With markets dominated by low yields, long-term and low-cost strategies are aiming to deliver for DB portfolios, finds Tom Higgins
June 2021
With buy and maintain becoming more popular in the UK, MFS’ Owen Murfin explains what he looks for in a ‘perfect’ security and provides thoughts on how to judge the success of a manager
June 2021
Duncan Ferris chats with Chartered Insurance Institute (CII) Pension Scheme chair of trustees, Robert Fletcher, about communicating with members, hunting for insurers and Covid concerns after the scheme’s recent buy-in
June 2021
Duncan Ferris examines industry opinion regarding the MPAA and LTA amid worries over their complexity
June 2021
Pensions Age asks: What one initiative do you think should be prioritised in the fight to combat pension scams?
June 2021
Sophie Smith takes a closer look at the key findings of the Work and Pensions Committee’s recent pension scams inquiry and the ongoing journey from recommendation to reform
June 2021
Pensions Minister, Guy Opperman, discusses the latest steps that the government is taking to help in the fight against pension scams
June 2021
The government has confirmed that user-generated fraud will be included in the Online Safety Bill, but is this enough to protect savers?
June 2021
With many savers having multiple jobs over their working life, lost pension pots are a common occurrence. Natalie Tuck explores how the industry can help savers track down missing pension pots
June 2021
Jack Gray chats to 20-20 Trustees trustee director, Martin Collins, about the impact Covid-19 may have on fixed-income investment and the vital role it could play in a more ESG-conscious investment environment
June 2021
Jonathan Joiner and Toby Orpin explore whether diversified credit is more than just a growth asset for pension schemes
June 2021
Tom Higgins investigates whether low yields are fuelling new trends in fixed-income investing for defined benefit schemes
June 2021
Pensions Age showcases two employers that are leading the way when it comes to pension engagement at a time when an employer focus can be more desirable than ever
June 2021
Duncan Ferris explores how employers need to prepare as we draw nearer to Covid-19 restrictions being lifted and staff returning to the office after what has been an undeniably difficult year
June 2021
Jack Gray investigates how best to allocate time and resources, and what is most important to consider, when responding to consultations
June 2021
Kathryn Foster asks whether your trustee board is match fit to face the new governance challenges
June 2021
Matthew Swynnerton (who is a member of the Pension Scams Industry Group) looks at two recent developments in relation to combatting pension scams
June 2021
Jonathan Watts-Lay explores what trustees can do to help protect members from scams
June 2021
Kevin Martin considers the challenges of auto-enrolment on pensions’ payroll cycles
June 2021
Inflation concerns are on the rise, with everyone scrambling to forecast its path. We believe a better approach is to position for the risks. Here’s how
June 2021
In our latest article, learn how fiduciary management can provide respite for hard-pressed trustees in uncertain times
June 2021
David Thompson and Andrew Cooper reveal the importance of a holistic approach, such as Aon’s Journey to Settlement, to endgame planning
June 2021
The OECD has ranked the UK’s state pension as the lowest in the developed world as a percentage of average earnings, but is there a bigger picture to consider? Jack Gray investigates
May 2021
Amid the UK Sustainable Investment and Financial Association’s (UKSIF) 30-year anniversary, chief executive, James Alexander, chats to Sophie Smith about the work that the group has achieved so far and what lies ahead in the future
May 2021
Ahead of the introduction of further climate-related regulations in October 2021, Sophie Smith considers how pension schemes have coped with the requirements already introduced and how they can prepare for even more in the future
May 2021
Duncan Ferris explores what the Supreme Court’s recent ruling in favour of Uber drivers in their quest to secure employee benefits could mean for the gig economy and the world of pensions
May 2021
Duncan Ferris delves into the FCA’s finalised DB transfer guidance, looking into both the content of the guidance and what it might mean for the future of the DB transfer market
May 2021
Laura Blows looks at the regulator’s efforts to create one single code of practice and what changes the proposed code will bring
May 2021
Pensions Age speaks to Hymans Robertson financial risk management lead, Gillian Baker, about why it decided to seek Pensions Administration Standards Association (Pasa) reaccreditation and the process for achieving this
May 2021
Sustainable and responsible investing is fast becoming one of the most important investment criteria globally and, in Asia, while the uptake has been slower, this trend is growing. Moreover, sustainability is now also seen as an important economic driver for investment performance. Murray Collis, Deputy CIO Fixed Income Asia ex-Japan and lead portfolio manager of the Sustainable Asia Bond strategy, discusses the drivers behind this movement and how the Covid-19 outbreak may have influenced developments
May 2021
Endre Pedersen, Murray Collis and Eric Nietsch of Manulife Investment Management consider how to unlock sustainable investing opportunities in Asian fixed income
May 2021
The Pensions Ombudsman service is celebrating 30 years in operation, but what has been its impact on the pensions industry? Natalie Tuck reports
May 2021
Looking to the future of pension fund management
May 2021
Climate-adjusted analytics are key to mapping pension schemes’ climate risk exposures
May 2021
Stella Beale considers the reasons for the gender pensions income gap and how policymakers and the industry can better engage with women to encourage retirement saving
May 2021
Featuring:
• How the Covid-19 pandemic has kick-started greater interest in cashflow-driven investment
and how DB schemes can implement this strategy
• How the time has come for cashflow-driven investors to adapt to investor, political and regulatory momentum around climate change
• Cashflow matching in pension asset management
• How the Covid-19 pandemic has kick-started greater interest in cashflow-driven investment
and how DB schemes can implement this strategy
• How the time has come for cashflow-driven investors to adapt to investor, political and regulatory momentum around climate change
• Cashflow matching in pension asset management
May 2021
Aon partner, John Baines, and associate partner, Michael Walker, consider how to optimise outcomes for members, trustees and sponsors
May 2021
Here are the five reasons why we believe sustainable indexing gives investors the clarity they need to build more sustainable portfolios
May 2021
PMI president, Lesley Alexander, explains to Laura Blows the institute’s future goals for the training and development of the pensions industry
April 2021
Carmarthenshire County Council, Host Authority for the Wales Pension Partnership (WPP) treasury and pension investment manager, Anthony Parnell, discusses the pool’s recent work on responsible investment and the steps it is looking to take in future
April 2021
Francesca Fabrizi looks at the key themes presented and discussed at this year’s Sustainability Investment Summit
April 2021
Lang Arm Capital Partner co-founders, John Owens and Steve Holt, chat to Sophie Smith about the inefficiencies in the institutional sales market, and how their new third party marketing firm is making its mark with new ideas, despite the pandemic
April 2021
Depressed bond yields coupled with low interest rates have further heightened concerns over meeting long-term liabilities. In response, investment into private markets and alternatives by pension funds looks set to increase. World Gold Council senior analyst, Krishan Gopaul, reviews the key findings from a recent World Gold Council/Pensions Age poll and highlights why gold might provide an answer
April 2021
Brendan Doherty questions whether current data strategies are truly effective enough to ensure the quality and completeness of scheme data
April 2021
Phil Brown explains why learning more about savers will only help the pensions industry
April 2021
Should UK pension schemes have higher equity allocations to China?
April 2021
Investors with allocations to emerging market debt now need to understand the true impact on developing economies of long run factors like climate change and human capital development
April 2021
While the recent Pension Schemes Act has brought CDC schemes one step closer to reality in the UK, there is still some way to go, writes Francesca Fabrizi
March 2021
As industry research prompts concerns as to how DB investment strategies have fared amid the pandemic, Sophie Smith explores the impact of the ‘lost year’ and what considerations trustees should bear in mind for the year ahead
March 2021
2020 was the second biggest year on record for bulk annuities, with transactions totalling £30 billion and new de-risking options coming to the market. Natalie Tuck looks at what is in store for the pension risk transfer market in 2021
March 2021
Chris Curry looks back at all the significant changes that have occurred across the pensions landscape during the Pensions Policy Institute’s 20 years
March 2021
With the UK looking to ‘build back better’ in the aftermath of the coronavirus pandemic, pension investments have been touted as one of the ways in which the economy can recover in a more sustainable manner. Jack Gray investigates the role fixed-income investments have in the responsible post-Covid recovery
March 2021
Scott Freedman highlights themes that should help to grow the sustainable fixed-income market
March 2021
Pension schemes and providers are increasingly taking steps to go beyond integrating environmental, social and governance (ESG) considerations into their investment strategies, with several organisations making a commitment to become fully net zero in close succession. Sophie Smith reports
March 2021
Richard Butcher looks back at the challenges the pensions industry has faced during his two years as PLSA chair and how the lessons learnt from these are helping the sector cope with the consequences of the current Covid-19 pandemic
March 2021
Duncan Ferris examines how providers have been adapting to investment pathways and what impact their introduction might have on the industry
March 2021
Emma Douglas considers pension savers’ views on the FCA’s Investment Pathways
March 2021
Chris Inman highlights the importance of ensuring DC default investment strategies provide the best outcomes for members, and how target-date funds can help achieve this
March 2021
Matthew Swynnerton looks at the DWP’s consultation on regulations introducing new requirements in relation to occupational pension schemes and climate change
March 2021
Value for money in pensions has come under increased scrutiny over the past 12 months, with the government and regulators looking to address issues in this area. Jack Gray analyses the potential drivers and barriers to improving pension value for savers
April 2021
Duncan Ferris examines cost transparency, looking into the issues that remain for the pensions industry, what kind of changes can be effectively implemented and how likely further action is
April 2021
With the latest spate of regulations coming into force this year following the introduction of the Pension Schemes Act, trustees’ jobs have become more complex. Jack Gray investigates trustees’ remuneration amid this increasing responsibility
April 2021
Duncan Ferris sounds out where the pensions industry stands with TPR’s proposals for its DB funding code and which issues to look out for in the regulator’s second consultation
April 2021
The Pensions Regulator’s proposal that covenant visibility is only three to five years for most schemes has caused concerns that reliance on the covenant may be watered down. Laura Blows considers the implications of a change in covenant emphasis and how schemes determine covenant time horizons
April 2021
Natalie Tuck examines how some fine-tuning of the DC charge cap could open up a new world of investment opportunities for DC auto-enrolment pension schemes
April 2021
Amid increasing investor interest, Sophie Smith explores what opportunities the renewable energy market could hold for pension schemes, and the key challenges still to overcome
April 2021
Fears of a rise in inflation may be keeping trustees up at night but, with the right approach, pension funds can do their best to ensure they are well protected, whatever the future brings. Francesca Fabrizi explores
April 2021
The issue of vulnerability is more acute than ever, given recent events. Francesca Fabrizi explores what this means for the pensions space
March 2021
Actuarial valuations of transfer values and commutation rates for members can differ widely, which the IFoA has recently highlighted as a cause of concern. Laura Blows explores why this difference occurs and the level of trustee engagement in setting the amounts
March 2021
Duncan Ferris examines recent developments in how the industry can tackle scams, the prevalence of fraud and what further changes could be on the horizon
March 2021
The Pension Schemes Act features new powers for The Pensions Regulator from the autumn, including criminal sanctions for ‘any person’ acting to the detriment of the pension scheme without ‘reasonable excuse’. Concerns have arisen that anyone, however distantly impacting a pension scheme, may be at risk of prosecution simply by going about standard business actions. To what extent are these fears justified and what preparations can be done while waiting for further guidance? Laura Blows finds out
March 2021
CFM's head of quantitative investment solutions, Philip Seager, talks to Pensions Age about the diversification benefits of systematic global macro for pension portfolios
17/03/2021
Brunel Pension Partnership head of operations, Darren Hay, discusses the pool’s approach to cost transparency, its partnership with Caceis and why Cost Transparency Initiative (CTI) templates will need to evolve to meet varying needs
March 2021
CFM’s head of quantitative investment solutions, Philip Seager, talks to Pensions Age about the diversification benefits of systematic global macro for pension portfolios
March 2021
As the financial advice industry settles into the sector’s changes caused by Covid upheaval, Laura Blows discovers how the pandemic has further highlighted the ‘advice gap’ and the developments required to ensure greater access to advice
February 2021
A majority of DB schemes may be closed to new members or future accrual, but these schemes will still need to appoint new advisers and service providers for decades to come. David Adams looks at how trustees can find the right firms and individuals to fill these roles and deliver the best value services to scheme members
February 2021
Laura Blows considers how the trustee model is adapting to the structural changes within the pensions industry and the requirement for greater professionalism from trustees
February 2021
PwC considers what the year has in store for pension scheme trustees
February 2021
Financial Services Compensation Scheme (FSCS) chief executive, Caroline Rainbird, discusses with Sophie Smith the importance of ensuring consumers make informed decisions
February 2021
Francesca Fabrizi discovers that, while the Brexit transition period is over, there is still plenty that pension schemes need to do to keep on top of the changes
February 2021
Duncan Ferris explores what is driving the rise of ESG and why it could be important for schemes to stay one step ahead of both members and regulators
February 2021
As demand for investments in the private market continues to grow, there is an ever-increasing interest in considering environmental, social and governance (ESG) factors to promote greater transparency, for better risk management and to aim to deliver long-term value
February 2021
In January the Barclays Bank UK Retirement Fund (UKRF) announced the integration of environmental, social and governance (ESG) factors and climate risk into its £1.3bn Diversified Growth Fund (DGF). Jack Gray speaks to UKRF CIO, Tony Broccardo, on why the fund made the changes and how it will be affected
February 2021
Andrew Parry explains why active managers are well placed to support the energy sector’s lower carbon transition
February 2021
Stephanie Baxter considers how schemes can, and should, communicate ESG efforts to members
February 2021
The government’s Dormant Assets Scheme will now be able to include untouched pension funds to invest in ‘building back better’. Louise Farrand considers the practicalities of this for the industry and its expected level of take-up, as well as the other ways pensions money is helping reinvigorate the UK economy
February 2021
PTL client director, Dan Richards, reflects on what ESG investing should really mean for pension scheme trustees today
February 2021
As the economic recovery gathers pace around the globe, risk assets are likely to emerge as the stars of 2021
February 2021
Jonathan Watts-Lay asks whether pensions are a good option to fulfil a short-term cash need
February 2021
David Brown talks through The People’s Pension’s changes to its charging structure
February 2021
Steven Leigh considers how to keep DC savings on track in challenging times
February 2021
Laura Blows explores how complex family structures can affect pension saving and the ways in which the industry can help these savers with their retirement provision
January 2021
2020 saw unprecedented change in the pensions industry, but as businesses begin to consider life post-Covid-19, Sophie Smith considers what changes are here to stay and what work is still needed
January 2021
The industry agrees that the current minimum automatic enrolment contribution of 8 per cent is not enough, but there is less of a consensus on what the next steps should be. Natalie Tuck reports
January 2021
Duncan Ferris explores pension industry trends that have remained relevant throughout the unpredictability of 2020 and beyond, including the rise of ESG, the challenge of increasing member engagement and the drive for pension scheme consolidation
January 2021
With environmental, social and governance (ESG) issues becoming more important across the globe, Mahesh Jayakumar explains how MFS incorporates ESG factors into fixed income research, and looks at the opportunities and challenges facing investors
January 2021
2020 has certainly been a difficult and challenging year. However, against this gloomy backdrop, we’ve witnessed some unexpected glimmers of hope. Community spirit has flourished and a global reduction in carbon emissions and human mobility has increased air quality. With governments across the globe wanting more action on climate change, how can we in the pensions industry use our assets to help improve sustainability and play our part towards the net zero goal?
January 2021
Jonathan Watts-Lay explains how to help members avoid the pension pitfalls in 2021
January 2021
Donna Walsh explains Standard Life’s focus on tailored and relevant communications
January 2021
Jon Exley and Patrick O’Sullivan explore the benefits of a CDI approach and the role it can play within a LDI strategy
January 2021
Despite the understandable challenges of 2020, Aviva maintained its focus on investing responsibly within its bulk annuity portfolio, leaving it well placed to drive the agenda in 2021
January 2021
Why diversity and inclusion should be on your pension trustee board’s agenda
January 2021
Along with the rest of the world, trustees have had to adapt to ‘the new normal’ amid the Covid-19 pandemic. Jack Gray investigates whether this will continue into 2021 and other trends trustees will have to contend with
January 2021
At a time when NHS staff have worked tirelessly to support the country through the Covid-19 crisis, Sophie Smith explores the work that NHS Employers and the NHS Business Services Authority have done to support NHS Pension Scheme members
January 2021
Sophie Smith examines the government’s plan for green sovereign bonds, the challenges and benefits they could bring, and what they could mean for pension schemes and the wider economy
January 2021
Some of the industry’s key associations reveal their priorities for the year ahead
January 2021
Duncan Ferris chats with Pensions Dashboards Project (PDP) principal, Chris Curry, about how newly-released data standards set out what providers and schemes need to prepare in order to digitise retirement savings
January 2021
Expert views on the 2021 trends for equities, property, fixed income and infrastructure
January 2021
Following the tumultuous year that was 2020, the pensions industry may be hoping for a quieter 2021. However, with the impact of Covid-19 still being felt, the introduction of the Pension Schemes Bill and a swath of new regulations, this seems unlikely. Jack Gray looks ahead at the trends likely to shape the coming year
January 2021
Covid-19, Brexit, ESG, CDI, dashboards, scams and more
January 2021
Judith Hetherington reflects on how attitudes to risk have changed during 2020, and what UK schemes are doing about governance
January 2021
Kevin Martin considers the opportunities for the pensions industry to find the good in these difficult times
January 2021
Steven Leigh considers how to keep DC savings on track in challenging times
February 2021
Steven Leigh considers how to keep DC savings on track in challenging times
February 2021
The Covid-19 pandemic created concerns that over-55s may raid their pension savings to plug any financial gaps caused by the crisis. However, while the initial response was calm, withdrawals are starting to rise again and the retirement saving decisions made now may have longer-term consequences, finds Laura Blows
December 2020
Laura Blows finds out the different effects of the pandemic on Nest’s savers and how the master trust responded
December 2020
Five years on from the introduction of freedom and choice, how much development has there been in the decumulation market? Natalie Tuck reports
December 2020
Lizzy Holliday reveals the impact of the PLSA’s Retirement Living Standards in its first year of launch and what more it aims to achieve
December 2020
Having been integral to the creation of a simpler annual pensions statement template, Ruston Smith explores the government’s intention to make simpler annual statements mandatory
December 2020
The coronavirus pandemic has been a crisis like no other, but how has it impacted the Pension Protection Fund? Natalie Tuck reports
December 2020
Duncan Ferris explores how the pandemic and the economic difficulties it has catalysed may affect the way trustees monitor employer covenants, looking into communication with sponsors and planning for the worst
December 2020
Francesca Fabrizi looks at how far we have come in the superfund journey to date
December 2020
After a turbulent year for so many, Sophie Smith considers how the bulk annuity market has managed to remain buoyant throughout the pandemic and what the future might hold
December 2020
Covid-19 has had an undeniably negative overall impact on defined benefit (DB) pension schemes’ deficit levels and journey plans. However, some have fared better than others and the picture is not as black and white as one might expect. Jack Gray reports
December 2020
Amid an already challenging year, the LGPS has faced a torrent of unique legal and regulatory changes. Sophie Smith takes a closer look at the issues facing the funds and whether they can cope with the hurdles ahead
December 2020
Duncan Ferris chats with M&S Pension Trust head and chief investment officer, Simon Lee, about recent buy-in transactions, the effects of the Covid-19 pandemic and the landscape of the bulk annuity market in 2020
December 2020
Francesca Fabrizi looks at how ESG, if used in the right way, could become a truly powerful tool in the ongoing struggle for better member engagement
December 2020
Emma Douglas explains how gaining a voice on the issues that matter can keep scheme members coming back to their pensions
December 2020
This year has been a rollercoaster for the pensions industry. Jack Gray takes a look back
December 2020
Jonathan Butler explores the five factors supporting an allocation to European high yield
December 2020
Christian Hantel reveals what gardening and global bonds have in common
December 2020
Jonathan Watts-Lay explains what pension scheme members need to know to avoid being scammed
December 2020
Matthew Swynnerton (who is a member of the Pension Scams Industry Group) looks at some of the steps that are being taken to address the issue of pension scams
December 2020
Steven Ord explores the many factors encouraging DC scheme consolidation into master trusts and how best to prepare for the move
December 2020
Sasha Mandich reveals how trustees can ensure they receive clear reporting from their fiduciary manager or investment consultant
December 2020
Although most pension schemes have increased their investments in climate-aware and sustainable funds, there is still a way to go to help meet the government’s target of a net-zero economy by 2050. Jack Gray analyses the barriers facing schemes and how they
can be overcome
can be overcome
November 2020
Following the Financial Conduct Authority’s recently closed call for input on open finance, Sophie Smith looks at whether the pensions industry is ready to open, and what a more open future could hold for members and schemes alike
November 2020
Following the publication of a pensions dashboards update, Duncan Ferris speaks to Pensions Dashboards Programme principal, Chris Curry, about the project’s newly-outlined targets, technological requirements and how providers and schemes need to ready themselves
November 2020
Pension scams are nothing new, but tackling them continues to be a challenge. Francesca Fabrizi looks at how far the industry has come in this fight, and what more can still be done
November 2020
The Co-operative Pension Scheme, Pace, has completed four buy-ins in 2020, totalling almost £3 billion. At the PLSA’s latest Annual Conference, Co-Operative pension investment and risk manager, James Giles, explained the benefits of multiple transactions, and how the scheme was able to take advantage of attractive pricing
November 2020
Small pots are a hot issue in the ever-evolving pensions universe. Duncan Ferris delves into the world of small pots to find out why they are such a problem, what caused them and what can be done to resolve their issues
November 2020
Laura Blows considers the effects of the Covid-19 pandemic on master trust transfers
November 2020
Is ‘Beyoncé Giselle Knowles-Carter’ the same person as deferred member ‘Beyoncé Knowles’?
November 2020
Laura Blows explores why pension payroll integration with administration needs to be a more regular topic of conversation
November 2020
Pierre Lenders, head of ESG at Capital Fund Management (CFM), looks at whether ESG can contribute to performance for investors, both discretionary and those, like CFM, which take a quantitative approach to investing in financial markets
November 2020
Sasha Mandich highlights the importance of individually tailored fiduciary management strategies incorporating dynamically managed asset allocations, intelligent de-risking strategies and efficient implementation
November 2020
Following the FCA’s confirmation of how it expects DC schemes to report fees, Ellie Duncan looks at the impact it will have on the sector
April 2020
Instead of sitting back and enjoying their retirement, many pensioners are ending their working lives with significant debt to service. Andy Knaggs looks at the reasons for this and how the financial industry can respond
April 2020
With pension changes on the horizon, Jack Gray speaks to The Investing and Saving Alliance (Tisa) strategic policy director, Charles McCready, and retirement policy manager, Renny Biggins, about what the changes mean for savers and what the industry can do to support them
April 2020
The LGPS, being open, cashflow positive and with a long-term investment horizon, should be in a better position than many schemes to overcome the Covid-19 difficulties, Maggie Williams finds
April 2020
Laura Blows explores how cashflow-driven investment (CDI) strategies have spawned a more ‘CDI-lite’, flexible approach
April 2020
Nick Reeve assesses the potential impact the proposal to bring RPI in line with CPIH will have on pension schemes
April 2020
Institute of Fiscal Studies (IFS) associate director, Rowena Crawford, discusses the success of automatic enrolment and the power and pitfalls of nudges
April 2020
How active managers are increasingly integrating ESG factors into decision-making processes
April 2020
Looking at the role of active management when investing in and engaging with companies, and how sustainability may develop over the next decade
April 2020
Five years on from the introduction of freedom and choice, Sophie Smith looks at what impact the reforms have had on the industry, and what the next five years could hold
April 2020
With the ongoing stalemate between the Universities Superannuation Scheme (USS), Universities UK (UUK) and Universities and College Union (UCU) over proposed member contribution rate increases seemingly having no end in sight, Jack Gray investigates how we got to this point and analyses the current situation
April 2020
As Covid-19 continues to spread around the world, Sophie Smith looks at the plague of scammers emerging in its wake
April 2020
Savers and current retirees have been adversely affected by the coronavirus impact on investment, creating calls for the Treasury to relax MPAA and LISA rules, and for transfers to be delayed by six months
April 2020
Duncan Ferris takes a look at how working from the cosiness of our homes might lead to some professional discomfort
April 2020
Employers are now able to consider temporarily halting DRCs for up to three months but are still expected to meet contribution obligations to employees’ pensions
April 2020
Martin Kellaway explains why trustees may need extra protection, beyond the trust deeds’ exoneration and indemnity clauses
April 2020
Andrew Cole explains why investors should still focus on environmental investing in these challenging times
April 2020
Pensions Minister Guy Opperman explains why he is to impose requirements on trustees to ensure they implement effective governance in relation to the financial risks of climate change
April 2020
Tony Pugh explores how to get the right balance of DC pensions quality and time commitment
April 2020
The controversial issue of employers encouraging staff to opt out of DB schemes shouldn’t really exist in the public sector, because members of unfunded public-service schemes are unable to transfer pension benefits out of the scheme. But, as David Adams explains, some public-sector workers can use such transfers; and public-sector employers could find themselves in legal and regulatory hot water if they encourage staff either to transfer out or to opt out of their public-service pension rights altogether
March 2020
With the DB sector heading towards its collective endgame, traditional equity investments are on the decline. Nick Reeve asks: Are equities still a viable investment for DB schemes?
March 2020
Andrew Williams explores how ESG factors can still be taken into account with passive investment
March 2020
With the shift from DB to DC and pension freedoms, individuals are increasingly shouldering the financial risk when it comes to their retirement savings. Jack Gray speaks to Institute and Faculty of Actuaries (IFoA) head of policy, Rebecca Deegan, about its recently launched campaign – The Great Risk Transfer – to investigate this growing trend
March 2020
What is the best course of action when you’re up the creek without a paddle? Duncan Ferris scrutinises the ins and outs of crisis management in the pensions industry
March 2020
The success of cyber attacks is largely down to human error, so are trustees aware of the personal risk they may be to the pension scheme they manage? And what steps can be taken to reduce the likelihood of trustees falling for a phishing scam? Laura Blows finds out
March 2020
Pension policy and technological advancements have led to savers’ money and data being more exposed to cyber crime. Jack Gray examines what the industry is doing to tackle the risk, whether what is being done is enough, and the challenges that the future holds as cyber criminals’ techniques evolve
March 2020
Pete Carvill looks at how pension funds as investors can incorporate ESG/sustainability considerations into their bond portfolios
March 2020
Scott Freedman considers how ESG factors play a key role in credit analysis
March 2020
February saw the Merchant Navy Officers Pension Fund (MNOPF) complete its conversion of a pensioner longevity swap to a £1.6 billion buy-in with the Pension Insurance Corporation (PIC). Duncan Ferris speaks to MNOPF chair, Rory Murphy, about how the deal went down
March 2020
A round up of the de-risking deals to have already hit the headlines this year
March 2020
Sophie Smith looks at how trustees can protect both members, and themselves, throughout the DB to DC transfer process
March 2020
Peter Matejic reviews the recent statistics that pensioner poverty in the UK has started to rise
March 2020
With updated trusteeship measures, an upcoming DB funding code and a seemingly ever-growing bulk annuity market, the Pensions Age DB Forum, held in association with Mercer, looks at what’s next for DB scheme trustees and their sponsors
March 2020
Craig Scordellis reveals how multi-asset credit can be a managed income solution to the problem of low-yielding traditional credit
March 2020
Jonathan Watts-Lay looks at the steps employers can take to support employees at retirement
March 2020
Matthew Swynnerton looks at some of the issues covered by the Pension Schemes Bill, which is currently progressing through parliament
March 2020
Gregg McClymont explains how, and why, B&CE wound up its stakeholder pension and moved its members to its The People’s Pension master trust
March 2020
Aon’s latest DC survey finds the future lies in being made to measure for members
March 2020
As the global economy looks to recover from the impact of the coronavirus pandemic, emerging markets may present attractive options for equity investors. Jack Gray investigates the potential for increased diversification, better returns, and ESG-friendly investments
October 2020
Lara Kesterton reveals why ESG is a valuable risk management tool in emerging-market equity investing
October 2020
Francesca Fabrizi looks at the potential benefits of combining GMP conversion with Pension Increase Exchange (PIE) exercises, while also highlighting when it might not be the right thing to do
September 2020
Laura Blows considers how those managing a pension scheme can obtain good working relationships with its providers and advisers
September 2020
Although still rare, longevity swap to buy-in conversions are on the increase as schemes look to make the next step on their de-risking journeys. Natalie Tuck reports
September 2020
Income investing provides many opportunities to support DB schemes in a post-Covid world
September 2020
Covid-19 quickly gave a severe shock to real estate markets, yet three trends support a more optimistic outlook
September 2020
With the stresses and strains of working in the pensions world seemingly never-ending, Francesca Fabrizi looks at the mentoring schemes available in the pensions space today
September 2020
Lothian Pension Fund CEO, Doug Heron, discusses the fund’s recent responsible investment commitments and how the fund has been guided by all its stakeholders
September 2020
The impact of corporate downgrades on the high-yield bond market
September 2020
ESG integration within fixed-income portfolios
September 2020
Laura Blows explores the pace of reform within the pensions industry and whether trustees are struggling to keep up
September 2020
Duncan Ferris speaks to Pensions Management Institute president, Lesley Carline, about using technology to navigate the pandemic, updating qualifications and pessimism in the industry
September 2020
With the Department for Work and Pensions’ consultation on the defined contribution pension default fund charge cap and standardised cost disclosure having closed on 20 August, Jack Gray analyses the industry’s thoughts on the proposals
September 2020
How investors can ensure that their credit market securities are helping the planet as much as possible
September 2020
Where the high yield opportunities remain, despite recent spread tightening
September 2020
With company insolvencies on the rise, Jack Gray investigates how and why affected schemes can enter and exit the Pension Protection Fund
September 2020
Charles Stanley Asset Management considered the impact of Covid-19 on investment markets, central bank policies and continuing trends such as the digital and green revolutions, in its recent webinar with Pensions Age
September 2020
Insurance cover is of ever-greater importance to trustees, OPDU’s trustee survey reveals
September 2020
With home interest rates at all-time lows, the higher yields of emerging market bonds may be hard to resist. But they obviously carry risks. A deep dive into the fundamentals of emerging economies reveals surprising differences and unexpected strengths – and may allow managers to spot opportunities while mitigating risk
September 2020
Lucy Barron looks at minimising risk and maximising flexibility for scheme endgames
September 2020
Jonathan Watts-Lay offers guidance for how to protect pension members from knee-jerk decisions
September 2020
Trustees should take note of important changes coming into force on 1 October 2020 in relation to Statements of Investment Principles (SIP) and disclosure
September 2020
Kevin Martin reflects on the lessons the master trust The People’s Pension learnt from the Covid-19 pandemic
September 2020
The importance of understanding how the assets in a portfolio relate to one another comes under the spotlight in times of crisis, but how much of the technical detail do trustees comprehend and how much do they really need to know? Francesca Fabrizi finds out
July-August 2020
Whatever guise they take, most changes in the pensions sector are designed to bring about positive outcomes. However, they can have unforeseen negative impacts. Jack Gray investigates some of the changes that have had unintended consequences
July-August 2020
How much income do occupational pension schemes provide for retirees and what does the retirement income landscape look like? Duncan Ferris delves into the statistics and sheds light on pension income inequalities, and how future generations’ retirement takings are being damaged in the present
July-August 2020
Following on from the divorce bill recently achieving Royal Assent, Adele Woods explores how divorcing couples are likely to disregard their rights with pensions
July-August 2020
Capital Cranfield professional trustee, Hugh Creasy, sits down with Jack Gray to discuss his role as a sole trustee in the buyout process of the Unomedical Pension Plan
July-August 2020
Why investors can’t lose sight of the importance of responsible investing during the Covid-19 crisis
July-August 2020
How ESG has increasingly been on the pension scheme agenda
July-August 2020
At this critical moment, when we reflect on systemic threats to our economy and reimagine the world we want to grow old into, our money matters more than ever, says David Hayman, explaining why the Make My Money Matter campaign was recently launched
July-August 2020
As the government highlights infrastructure as key to the UK’s post-Covid recovery, Sophie Smith explores what this could mean for pension schemes and what role they can play in ‘building back better’
July-August 2020
Following the June publication of its Annual Climate Change Policy Review, Duncan Ferris speaks to London Pensions Fund Authority (LPFA) chief executive officer, Robert Branagh, about the Local Pensions Partnership (LPP), climate issues and listening to members
July-August 2020
Laura Blows explores what the spike in mortality caused by Covid-19 means for pension schemes and the long-term impact of the pandemic on longevity
July-August 2020
With coronavirus-shutdown sectors now facing a wave of unemployment as lockdown and furlough support eases, Laura Blows explores what this means for affected workers’ retirement savings
July-August 2020
Natalie Tuck examines the European regulations and laws that are still applicable to UK pension schemes
July-August 2020
Pension systems around the world have faced similar challenges in light of Covid-19. Natalie Tuck examines how the largest pension markets have responded to the impact of the pandemic
July-August 2020
As the pensions industry reacts to Covid-related volatility, the bulk annuity market carries on from its strong start to the year, still completing deals for schemes large and small. Pensions Age finds out from Aviva how the sector continues to glide along on these choppy waters
July-August 2020
In these extraordinary times, when pension schemes are faced with a whole plethora of new and unexpected challenges, it’s important to reassure trustees that help is at hand. The Pensions Age Virtual Conference was launched to do just that. Francesca Fabrizi reports
July-August 2020
As the world slowly re-opens, which asset classes will thrive and which will suffer?
July-August 2020
Kevin Martin explains how re-enrolment can be a great opportunity to be positive about pensions
July-August 2020
Are current roads into retirement delivering member value?
Laura Blows explores HSBC Master Trust’s recent report, Converting pension pots into incomes, with HSBC Retirement Services CEO, Alison Hatcher.
Savings and finance at retirement
Laura Blows is joined by Claire Felgate, Head of Global Consultant Relations, UK, at BlackRock, to discuss savings and finance at retirement. Please click here for an edited write-up of the video
Making pension engagement enjoyable through technology
Laura Blows speaks to Nick Hall, business development director and Chartered Financial Planner at UK-based Wealth Wizards about the opportunities that technology provides for increasing people’s engagement with pensions and increasing their retirement wealth. Please click here for an edited write-up of the video
Pension portfolios – the role of asset-backed securities
Laura Blows is joined by Royal London Asset Management (RLAM) head of sterling credit research, Martin Foden, and its Senior Fund Manager, Shalin Shah to discuss the role of asset-backed securities (ABS) within pension fund portfolios
Incorporating ESG into fixed income
Laura Blows is joined by TCW head of fixed income ESG, Jamie Franco, to discuss incorporating environmental, social and governance (ESG) strategies into fixed income portfolios
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