Pension Funds Insider

Pension Funds Insider brings the latest pensions news and industry insights; from investment and governance updates to new mandate appointments and pensions regulatory information.

Latest news

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2021 Investment Outlook

25 November 2020

Investing Beyond the Pandemic: A Reset for Portfolios

The pandemic’s arc and its impact on political and policy developments are resetting expectations and will continue to define the investment landscape.

Pinebridge Investments have gathered insights from their senior investment leadership on what investors might expect in 2021 and beyond, how to position amid volatility and unpredictable market conditions, and where to tap opportunities arising from the disruptions they’ve seen and will likely continue to see.

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Global Real Estate Outlook

16 November 2020

2020 will go down in history as the year of the pandemic; an epic shock for societies and economies with dramatic ramifications on people and industries. This has propelled us into a new era, in which high uncertainty is likely to remain the base case for some time to come. 

In M&G Investments' global outlook, we look ahead at the key trends shaping real estate, and identify stand out areas of opportunity in respective markets globally.  

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Cost disclosure - smoke and mirrors

13 November 2020

Too many pension funds are criticised because the costs they disclose in financial statements are high. We should stop taking cheap shots and have more respect for funds that are going an extra mile on transparency.

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Superfunds – complementary or competition?

13 November 2020

As the market for commercial consolidation vehicles (‘superfunds’) rapidly develops, the Pensions Regulator (TPR) issued its guidance to defined benefit scheme trustees and employers considering a superfund transaction.

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How can fiduciary management help pension schemes?

13 November 2020

Time is precious, and time is money.

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Time to reflect and reset

02 November 2020

The season has turned, our clocks have been reset. Let’s grasp the opportunity to help reset attitudes towards money and the impact it has on us.

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Triennial Valuations - should you take the fast track?

29 October 2020

The new funding code is due to be introduced shortly, leading to some of the most significant changes in actuarial valuations in many years. The new funding code will introduce two approaches for trustees to choose between: fast-track and bespoke.

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ESG forever

27 October 2020

First coined around a decade ago as an abbreviation for ‘Environmental, Social and Governance’, ESG only really entered common currency this year; yet confusion abounds as to what it’s all about.  

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Chinese Environmental Change - What is the impact?

19 October 2020

Environmental changes can have a material impact on financial performance, so why compromise between financial return and ESG?

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The first of October

06 October 2020

We’re living in a time when almost anything familiar is celebrated. Uncertainty makes us uncomfortable and total uncertainty is intolerable. We need a frame of reference.

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Digital Pensions – What Future for DB?

29 September 2020

Digital advancements over recent years meant, fortunately, pensions administration (like the whole of the pensions industry) was able to carry on successfully, in the main, during lockdown. However, the same cannot be said for pension scheme members themselves, particularly those of DB schemes, and that needs to change.

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Stop scammers in their tracks

21 September 2020

''£2.5bn still sits in pension savings today, a rich seam for scammers and if we don’t do something now.'' Margaret Snowdon lays out what the PSIG are doing to combat criminal activity.

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SIPs - What are they for?

18 September 2020

SIPs: Let's talk education and engagement in yet another push for transparency and disclosure
1st October is approaching……

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#NotAnotherTemplate

10 September 2020

There’s a growing demand for pension funds to justify their costs. The costs that are hardest to pin down relate to investments in private markets – and private equity in particular. They are also often the most material.

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Is Fast Track the Right Track for buy-out?

28 August 2020

The new funding regime is likely to make buy-out more attainable, but schemes need to be alert to avoid unintended consequences

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COVID-19 – A New Marshall Plan?

14 August 2020

The exceptional market volatility and global economic impact that has come with the COVID-19 pandemic has brought an equally exceptional response from global policy makers....

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Change

12 August 2020

As Keane sang “Everybody’s changing and I don’t feel the same”. 
Change is all around us, affecting everything. Our daily lives are unrecognisable from six months ago. We’ve been in lockdown and everyone is coping with change in every aspect of their lives. The way we communicate has never been more important.

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A Technology Cold War?

03 August 2020

We see a “technology cold war” as a major future risk for global investors. It might have far-reaching implications for industrial supply chains, technology companies and consumers everywhere. Our view on China remains constructive though...

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Funding the last third

27 July 2020

How the financial services sector can do more to help fund the last third of our lives.

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Cybercrime and Pensions Administration

21 July 2020

In 2019, cybercrime and fraud constituted 42% of all criminal activity. With the advances in technology the whole of society is experiencing, its no surprise that crime is evolving too..

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The consequences of pension scams

16 July 2020

Margaret Snowdon takes us through the importance of tackling pensions scams and what the industry can do about it.

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The 80/20 Rule

10 July 2020

Why the biggest investment costs are also the hardest to understand 

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Sunny Summer Statement

10 July 2020

The usual frenetic febrile flurry of fears for pensions ahead of a major announcement by the Chancellor proved, once again today, unwarranted. Nothing about the triple lock rule for state pension increases; no mention of NICs on pensions; and above all, no dramatic seismic shift on tax relief.  Rishi Sunak makes headlines of a different kind.

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A green light on ‘building back batter’ - Equities Market Perspective video July 2020

09 July 2020

In this month’s video Kirsty Clark, Investment Specialist at M&G Investments, comments on the growing focus on Sustainability and ESG issues in the wake of COVID-19, and how authorities, companies and investors have been responding. 

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What’s good for the sole

03 July 2020

Richard Butcher talks of his experience of being a sole trader and the concerns TPR has about the gradual shift towards sole trusteeship

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Welcome news from the regulators

01 July 2020

On 18 June, The Pensions Regulator (TPR) issued guidance on a regime that now allows defined benefit schemes to proceed to consider and ultimately transact with a commercial consolidator or “superfund”. 

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The Growth of Private Equity Secondaries

24 June 2020

The Global Financial Crisis provided opportunities and growth in the Secondaries market as a means to gain liquidity, but is that the same case today as a result of COVID-19? Or has the investment landscape changed? Neuberger Berman's Tristram Perkins and Benjamin Perl discuss what some of the key differences and similarities might be, along with how the Secondaries market has developed before the pandemic hit, as investors are adjusting to the “new normal” in today’s market.

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Future Proofing Your Insurance

22 June 2020

Considering buy-ins and longevity swaps for DB pension funds?

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The long and winding road to recovery?

16 June 2020

Is this the low point for the UK economy and the start of a long road to recovery?

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How many managers?

16 June 2020

When could a multi-manager approach in China be particularly effective for the risk aware investor?

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“The World’s Factory” Reopens

09 June 2020

Just as Chinese manufacturers are coming back online, the rest of the global economy is still struggling to contain the outbreak. With overseas demand for Chinese manufactured goods weakening, where does demand come from? How might this affect China’s economy? Ning Meng at Neuberger Berman, discusses his views with Patrick Liu, Head of China at Neuberger Berman.

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A New Cold War

08 June 2020

U.S.-China relations have been tested over the course of the pandemic. There are rising concerns that a potential decoupling of the two countries could usher in a new cold war, which may bring negative impacts to the overall global economy. How might this affect China? Watch this video where Ning Meng, Portfolio Manager – China Equity at Neuberger Berman, discusses his views with Patrick Liu, Head of China at Neuberger Berman, on the economic and equity market outlook for China.

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Beefing up your SIP

04 June 2020

Another year and another set of requirements. Having met the 1st October 2019 deadline for updating their Statements of Investment Principles, trustees now face a further set of deliverables for 1st October 2020. 

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When good comms go bad

02 June 2020

Leanne Taylor, AHC, discusses why it is important to consider the impact of campaign communications, as things can take a very different turn if not thought through...

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At the Peak of The Curve

26 May 2020

Asset Allocation Committee Outlook 2Q2020: Special Update by Neuberger Berman

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PE Investing at Market Inflections

20 May 2020

Faced with the uncertainties of the COVID-19 crisis and demands for portfolio rebalancing, investors may be tempted to cut their private equity programs or re-think plans to expand them. In this short video interview, John Buser, Executive Vice Chairman—NB Alternatives, looks back to the dotcom era and the Great Financial Crisis to explain why he thinks they should stay the course.

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Equity Investing as We Approach a “New Normal”

19 May 2020

Richard Nackenson, Neuberger Berman Equity Senior Portfolio Manager, discusses how investor psychology has changed over the past month and where he is finding investment opportunities as we approach a “new normal.”

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A time to choose

18 May 2020

Life in slow motion: That’s how a video camera might record human activity on Earth now. The streets are empty, almost as if a neutron bomb has gone off. Many aspects of normal life are paused. On closer examination though, there’s a lot going on.

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Private Equity Perspectives “Moving from Defense to Offense”

18 May 2020

David Stonberg, Global Co-Head of Private Equity Co-Investments at Neuberger Berman, provides an update on the private equity market and discusses deal activity in the Co-Investment space.

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Trends in Private Market Investing

15 May 2020

Sean Ward looks at the trends that are emerging across buyout managers and how this is impacting investor sentiment.

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Recovery Scenarios and Emerging Themes

14 May 2020

Erik Knutzen, CFA, CAIA, Chief Investment Officer, Multi-Asset Class at Neuberger Berman shares insights on navigating the range of paths through the recovery and our playbook for capitalizing on investment themes.

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Municipal Bond Market Update

13 May 2020

James Iselin, Neuberger Berman’s Head of Municipal Fixed Income, discusses the potential for a rise in delinquencies and defaults across the municipal bond market.

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Private Debt Through the Crisis

12 May 2020

Susan Kasser at Neuberger Berman explores the themes that remain consistent in private debt portfolios through the crisis and those that will likely reassert themselves following the dislocation.

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D for Digital

11 May 2020

 It’s difficult not to pick up a document which doesn’t refer to Covid-19, but one of the things it’s served to highlight is the next letter in the alphabet – D for Digital. 

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Market Volatility – Closing Bell Insight

11 May 2020

On this episode of Closing Bell Insights, Stephanie B. Luedke, Head of Private Wealth Management joins Joseph V. Amato, President and Chief Investment Officer of Equities at Neuberger Berman, as he shares an update on the current equity market environment and discusses what to potentially expect from an economic “restart”.

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The Pandemic’s Effect on the Retail Sector

10 May 2020

Sam Porat, Head of Alternative Yield Strategies at Neuberger Berman discusses the impact the current COVID-19 pandemic has had on the retail sector and how it has compared to previous downturns.

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EM Equity: A Return to Fundamentals, but a Long Road ahead

09 May 2020

Conrad Saldanha, Neuberger Berman Emerging Markets Equity Portfolio Manager, discusses April’s EM equity market rally and the impact of falling oil prices on EM economies.

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Perspective on Private Credit

08 May 2020

Listen to David Lyon, Co-Head of Private Credit at Neuberger Berman as he discusses the current dislocation in the credit markets and the types of investment opportunities that may emerge as a result.

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Opportunity in Credit Dislocation

07 May 2020

Michael Holmberg and John Humphrey of Neuberger Berman provide an update on the credit market dislocations resulting from the crisis, what is causing concern in the market and how to find the opportunities that are emerging.

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Energy Update: Oil Prices Fall to Historic Lows

06 May 2020

Jeff Wyll, Neuberger Berman Senior Research Analyst, discusses the April 20th collapse in U.S. oil prices and the implications for investors in the energy sector.

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Real Estate Investing through the Crisis

05 May 2020

Matthew Kaplan reviews the impact to different sectors of the real estate market resulting from COVID-19, where opportunities may arise as the market finds its footing.

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Every villain needs a hero

05 May 2020

Margaret Snowdon, Chair of the PSIG, draws our attention to the side effects of the Coronovirus crisis and some welcome changes for the pensions industry.

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Fixed Income Market Update: A Lower Volatility Environment

04 May 2020

Ashok Bhatia, Neuberger Berman Deputy Chief Investment Officer - Fixed Income, discusses the decline of fixed income market volatility in April and provides an update on where his team is finding value across the fixed income markets.

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The cost of everything, the value of nothing

04 May 2020

John Simmonds looks at the current benchmarking trend and explains there is a difference between benchmarking and good benchmarking.

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The Health Care Sector through a COVID-19 Lens

01 May 2020

Welcome to Disruptive Forces in Investing, a podcast series featuring Neuberger Berman’s seasoned investors who discuss trends that are transforming the investment industry and beyond.

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European Private Equity Insights

30 April 2020

Joana Rocha Scaff, Head of Europe Private Equity at Neuberger Berman, delves into how European private equity firms are dealing with the crisis, best practices for investor communications and the importance of understanding the long and short term impact of the crisis.

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Volatility Update: Swings in Sentiment Keep Volatility Levels Elevated

29 April 2020

Derek Devens, Neuberger Berman Option Group Portfolio Manager, talks about continuing volatility, the factors that could steer it one way or another and the potential implications for Options investors.

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European Fixed Income Market Update

28 April 2020

In this video, Investment Grade European Fixed Income Head at Neuberger Berman, Patrick Barbe provides an update on current conditions across bond markets, explaining what he believes marks an important turning point in the current situation. He also offers his outlook and an update on positioning, considering potential trends such as a shift away from globalization towards more domestically-oriented growth prospects.

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A View of the Private Equity Environment

27 April 2020

Anthony Tutrone, Global Head of Alternatives at Neuberger Berman, looks at private equity valuations through crises and the investment environment looking ahead.

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Closing Bell Insights

26 April 2020

On this episode of Closing Bell Insights, Joseph V. Amato, President and Chief Investment Officer of Equities at Neuberger Berman, shares his market update and insights after the closing bell, including potential implications for investors.

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High Yield Market Update: Volatility Persists

25 April 2020

Christopher Kocinski, Neuberger Berman U.S. High Yield Senior Portfolio Manager, discusses the factors that have contributed to the volatility in the non-investment grade credit market and how his team has adjusted portfolios as spreads have widened.

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Uncorrelated Strategies Market Update

24 April 2020

In this short video, Portfolio Manager, Fred Ingham provides an update on current conditions across uncorrelated strategies, offering his thoughts on both the short and longer-term impacts of COVID-19 on asset markets. He also updates on the positioning of Neuberger Berman’s portfolios.

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Credit Dynamics

23 April 2020

Senior credit professionals Ashok Bhatia, Deputy CIO in Fixed Income, David Brown, Co-Head of Global Investment Grade Fixed Income, Susan Kasser, Co-Head of Private Credit and Joseph Lynch, Global Co-Head of Non-Investment Grade Credit at Neuberger Berman discuss the market implications and potential opportunities arising from the recent unusual market dynamics.

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Currency Market Update

22 April 2020

In this video, Neuberger Berman’s Head of Global Currency, Ugo Lancioni provides an update on currency markets during the current period of volatility. Ugo reviews how global currencies have been impacted by the situation, outlining key drivers of FX markets. He also explains how he aims to identify the winners and losers amid the current dynamics.

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Real Estate Securities Market Update

21 April 2020

In this short video, Gillian Tiltman, Portfolio Manager of the UK and Continental European portion of Neuberger Berman’s Real Estate Securities Group offers an update on real estate markets. Gillian explains why some of the longer-term secular demand trends her team have been focused on are now being highlighted by the current situation. She also updates on positioning across portfolios.

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Covid-19 and the bulk annuity market

20 April 2020

There are still benefits to be had from dealing in uncertain times.

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Image for  Global High Yield Market Update

Global High Yield Market Update

20 April 2020

In this video update from Senior Portfolio Manager, Vivek Bommi at Neuberger Berman, we review conditions across global non-investment grade bond markets and offer our outlook for the asset class.

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Capitalism meets Coronavirus

17 April 2020

Despite the clearly tragic short-term impacts of the coronavirus, could the outbreak be an unintended agent of change? In this month’s video, Investment Director at M&G Investments, Ritu Vohora looks at the potential silver lining amidst the fear and the value of ESG to long-term investors, providing an important and alternative perspective on major issues affecting markets and economies today.

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Perspectives on Liquidity

17 April 2020

Anne Brennan, Chief Risk Officer and Ken DeRegt, COO for Fixed Income at Neuberger Berman, share their insights on managing liquidity in today’s markets, with a look at how this compares to 2008.

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Macro Insights and Asset Allocation

16 April 2020

Erik Knutzen, Chief Investment Officer – Multi-Asset Class Strategies at Neuberger Berman, discusses the impact of last week’s Fed actions and stimulus package along with how this decline is different than 2008 in terms of markets and investment implications.

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How Could Covid-19 Affect 5G?

15 April 2020

The way we live, work and learn has shifted markedly since the Covid-19 outbreak. With greater reliance on online resources, we see an increased demand for faster network speeds that could be enabled by 5G. How could the pandemic affect 5G rollouts? Where are the opportunities? Watch YT Boon, Director of Research – Asia at Neuberger Berman, as he shares his insights on the demand for this service.

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EMD Market Update

14 April 2020

Gorky Urquieta, Co-Head of the Neuberger Berman Emerging Markets Debt Team, discusses the factors that contributed to the sell-off of EMD assets over the past month and how the team is positioning portfolios in this volatile market environment.

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Reset: regulators row back

09 April 2020

March was chaotic, wasn’t it? New terms became familiar: ‘self-isolating’, ‘underlying health condition’, and so on. We’re all having to adjust to new ways of living as well as working. There are no certainties any more, it seems.

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Audio Insight: The Course of COVID-19

09 April 2020

Terri Towers, Senior Healthcare Research Analyst at Neuberger Berman looks at the current progression of the COVID-19 pandemic as well as her views on inflection points and treatment timelines.

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Using Data Science to Bring Order to the Disruption

08 April 2020

Michael Recce, Chief Data Scientist at Neuberger Berman, discusses the data sets his team is analyzing to help us look at trends that may give some insight on the path for a return to normalcy in both public health and the economy.

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Coronavirus: testing times for pension scheme trustees

07 April 2020

Communication and prioritisation are vital argues Emily Whitelock

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COVID 19 – The Financial Impact

02 April 2020

The exponential spread of Coronavirus across the globe has driven a global market crash and, most likely, a deep economic recession. As businesses temporarily close or halt production, we do not yet know the legacy this will leave on the UK economy – or pension schemes. 

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Making good use of cost data: #3 – am I becoming more efficient?

02 April 2020

The Cost Transparency Initiative (CTI) templates are helping pension funds to get a grip on their investment costs – but how can funds make the data useful? There are three fundamental questions that pension fund Boards should expect answers on:

1.     Are my costs reasonable?
2.     Am I getting value-for-money?
3.     Am I becoming more efficient?

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Corporate Hybrid Bond Introduction

30 March 2020

In this short video, Senior Portfolio Manager, Julian Marks offers an overview of corporate hybrid bond markets and outlines the philosophy and approach adopted across Neuberger Berman’s portfolios. He provides examples of the kinds of issuers the team typically consider and reviews current market conditions.

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Panic buying pensions

16 March 2020

What on earth can an empty supermarket shelf have to do with pensions?

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The Budget 2020

11 March 2020

Claire Carey comments on the change in the taxation of pensions in todays budget.

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Weathering the Coronavirus storm

10 March 2020

China has dominated the front pages over recent years – a slowing economy, trade disputes and now viruses. 

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Image for Introduction to our Multi-Asset Income Fund

Introduction to our Multi-Asset Income Fund

06 March 2020

In this short video, Joe Mc Donnell, Head of Portfolio Solutions & Portfolio Manager for Multi Asset Income looks at some of the themes driving demand for income as well as supply challenges in meeting this need. Joe outlines Neuberger Berman's approach to generating a consistent income through diversified multi asset class portfolios.

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What the Budget should say...

06 March 2020

This year the usual anxious speculation about what damage the next Budget might do to UK pensions has been exacerbated by Treasury kite-flying in the press. It might seem we are being led to expect something dramatic, so that when a slightly less swingeing cut is announced the industry breathes a sigh of relief.

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Image for Making good use of cost data: #2 – am I getting value-for-money?

Making good use of cost data: #2 – am I getting value-for-money?

24 February 2020

The Cost Transparency Initiative (CTI) templates are helping pension funds to get a grip on their investment costs – but how can funds make the data useful? 

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Trustee revolution – a break from the norm

24 February 2020

Who sits on a Trustee board and why?

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Image for The Solvency Sharpe Ratio: Strategic Asset Allocation for Insurers

The Solvency Sharpe Ratio: Strategic Asset Allocation for Insurers

20 February 2020

Against the backdrop of shrinking risk-free asset allocations and growing allocations to alternative investments to maintain book yield, a well-designed strategic asset allocation (“SAA”) framework could help companies navigate risk and improve investment efficiency.

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21st Century Trusteeship – training, skills and advisers

13 February 2020

It is fundamental that trustees possess a level of necessary skills and knowledge and are assessed regularly. The tPR created a skills matrix and board evaluation tool to help trustee boards to evaluate and identify gaps to be addressed, but how well was this used?

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Image for Making good use of cost data: #1 – are my costs reasonable?

Making good use of cost data: #1 – are my costs reasonable?

11 February 2020

The Cost Transparency Initiative (CTI) templates are helping pension funds to get a grip on their investment costs – but how can funds make the data useful?  

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Image for The attraction of emerging markets

The attraction of emerging markets

28 January 2020

Emerging markets role in a fund’s strategic asset allocation

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Image for The simple truth about LGPS investment costs

The simple truth about LGPS investment costs

23 January 2020

The cost of investing LGPS assets is going to rise. It’s virtually guaranteed. This is despite the determined efforts of so many people inside and outside LGPS pooling.

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Pension Schemes Bill 2020 - What do we want?

21 January 2020

PSIG await the new Pension Scheme Bill 2020 hoping for stronger legislation against scams, and more power for Trustees. Margaret Snowdon explains why it is important to give Trustees more influence over transfer options.

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The Pensions Drawdown Transfer Window

15 January 2020

The transfer window for scheme members in non-advised pension drawdown will open on 1 August and we could see some big drawdown transfers from August. The FCA introduced IGCs in 2015. Fast forward to July 2019, and the FCA published PS19/21, which mandated that providers of drawdown solutions create four investment pathways for savers moving into non-advised drawdown.

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Fixed Expense Investing

13 January 2020

Low and even negative yields have turned some fixed income investing into “fixed expense” investing—but there are still good reasons to hold negative-yielding bonds.

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Image for Be careful what you wish for

Be careful what you wish for

08 January 2020

They say you should be careful what you wish for, not least from the government; but expectations for 2020 are already low, so it’s worth a try. 

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Image for A plea to trustees for 2020 – add data to the agenda!

A plea to trustees for 2020 – add data to the agenda!

08 January 2020

Data is the foundation of all schemes and touches all aspects of pension scheme management. In 2020 the spotlight will be everything from data scores to dashboard and GMP to de-risking. And lets not forget the eagerly anticipated Pensions Dashboard which is so reliant on quality data to deliver what it needs to.….

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Image for Asia Bonds: Tactical Value for a Long-Term Opportunity

Asia Bonds: Tactical Value for a Long-Term Opportunity

20 December 2019

Asian debt exhibits robust fundamentals and bright long-term prospects, with attractive yields.

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Two Cultures, One Aim

19 December 2019

How genuine collaboration between quantitative and fundamental analysts can enhance stock selection and portfolio construction.

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Image for To ESG or not to ESG, that is the question…

To ESG or not to ESG, that is the question…

16 December 2019

Following the DWPs new regulations on ESG matters, Melanie Cusack looks at ways trustees should address the issues.

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Looking forward to 2020

16 December 2019

Three key themes can be identified that trustees of Defined Contribution (DC) schemes might consider as part of their investment strategy.

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Image for What can we learn from the mistakes of others

What can we learn from the mistakes of others

26 November 2019

AHC’s Roger Hattam looks to his experiences and explores what the pensions industry can learn from the mistakes and successes in other industries.

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Image for De-risking: balancing risk and reward

De-risking: balancing risk and reward

26 November 2019

With the majority of UK private sector defined benefit schemes now closed to future accrual, attention is on how best to de-risk those schemes, and what to do in the meantime if the scheme isn’t in a position to fully meet its liabilities yet.

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Protecting your members against scams

26 November 2019

Over 50% of members don't think they would fall victim to a scam, but who can protect those that will?

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Investment pathways and independent governance

11 November 2019

With the increase in the use of drawdown options, the FCA has recently proposed governance remedies for issues centred on consumers who opt for drawdown without taking advice. These proposals are part of a wider drive for improved governance of workplace pensions and transparency for savers. So how did we arrive at this juncture, and what do providers need to do?

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Image for Dashboards - the lighthouse in a fog of fake news?

Dashboards - the lighthouse in a fog of fake news?

11 November 2019

Kim Gubler explores the lead up and anticipation for the pensions dashboard, and how schemes should be preparing to ensure that members are met with a product they have confidence in.

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W(h)ither regulation?

05 November 2019

More and more regulatory requirements... Is it all really neccesary?

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Image for Three interest-rate cuts in three months, is the Fed done cutting?

Three interest-rate cuts in three months, is the Fed done cutting?

31 October 2019

In this video from Manulife Investment Management, Chief Economist and Head of Macroeconomic Strategy Frances Donald, discusses the recent US interest rate cuts.

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Time is of the Essence

29 October 2019

Sackers outlines the latest legal changes to SIPs – are you ready for 2020?

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Image for The devil is in the detail

The devil is in the detail

28 October 2019

The Master Trust market has grown significantly since 2010, this rise means that millions more will be dependent on them being well run. This article looks at regulated and non-regulated transitions and explains how PASA's guidance can help

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Image for The appeal of Absolute return investing and Asia fixed income

The appeal of Absolute return investing and Asia fixed income

28 October 2019

Neal Capecci, Manulife Investment Management argues in this video that although there are rising trade tensions in the world, investors still find Asian bonds alluring.

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Image for Can offering ESG investment approaches help drive member engagement?

Can offering ESG investment approaches help drive member engagement?

24 October 2019

This article from Karen Bolan, AHC, looks at the way ESG will impact engagement in investing and saving choices.

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Image for 4 questions to consider when it comes to investment costs

4 questions to consider when it comes to investment costs

14 October 2019

Costs are important but don’t get dragged down a rabbit hole

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Image for Sign up for the business model of the future

Sign up for the business model of the future

14 October 2019

Nimble companies are adopting subscription models to help grow their customer base and generate more predictable revenue streams.

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Image for Video game industry goes for the win

Video game industry goes for the win

11 October 2019

Capital Group investment professionals Nathan Meyer and Alan Wilson discuss their optimistic outlook for the multi-billion-dollar video games industry.

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Image for Five tips for trustees when re-tendering for fiduciary services

Five tips for trustees when re-tendering for fiduciary services

11 October 2019

Since the CMA published its final order into the Fiduciary Management market in June, trustees with Fiduciary Management arrangements have been digesting the impact for their schemes and reviewing their next steps.

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Image for Keeping it local

Keeping it local

11 October 2019

RisCura takes debates the benefits of local specialists

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Image for The Fed cuts rates again amid low inflation. What’s keeping it down?

The Fed cuts rates again amid low inflation. What’s keeping it down?

10 October 2019

Capital Group investment professionals discuss the implications of U.S. Federal Reserve interest rate cuts, loose global monetary policy and negative interest rates.

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Image for Argentina update: Q&A with EM debt investment analyst

Argentina update: Q&A with EM debt investment analyst

09 October 2019

Argentina’s currency and financial markets have experienced a sharp selloff in recent weeks. Emerging markets (EM) debt investment analyst and portfolio manager at Capital Group, Steve Backes, gives his take on why market sentiment has soured, whether capital controls will bring stability and the outlook for Argentina.

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Image for Why become a pension scheme trustee

Why become a pension scheme trustee

03 October 2019

Taking on the role of a trustee, is a significant responsibility. The decisions, trustees make will hugely influence member outcomes, ultimately impacting the lives of members currently in pension schemes.

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Image for What are we waiting for?

What are we waiting for?

23 September 2019

In this article Ian Neale looks at pending legislation and discusses the impacts of the current political environment.

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Image for Investment governance is getting tougher

Investment governance is getting tougher

16 September 2019

Trustees should start preparing for the new requirements in relation to fiduciary management (FM) and investment consultancy (IC) services they receive.

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Image for FinTech - What are the risks for pension funds?

FinTech - What are the risks for pension funds?

13 September 2019

In this article from PASA, Girish Menezes details the risks of pension adminstration and key factors to consider when choosing a reliable administration partner.

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Image for Measure what matters, not what’s easy

Measure what matters, not what’s easy

04 September 2019

Measure what matters, because what gets measured gets managed. This should be a new mantra for the pensions admin world.

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Image for Road signs and speed cameras - Member Emotions and Pension Communications

Road signs and speed cameras - Member Emotions and Pension Communications

04 September 2019

In this article form AHC, Francis Goss discusses the theory that emotions directly lead to behaviour, and how pension communication can learn from it. 

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Image for ESG – A Global Issue?

ESG – A Global Issue?

20 August 2019

The role of the investment industry is key to changing ESG matters, however the processes involved are complex and have far reaching effects.

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Image for Combating pension scams – It’ll take a village

Combating pension scams – It’ll take a village

15 August 2019

It’s not our fault that scammers continue to find opportunity to prey on vulnerable pension scheme members, but we’re the only ones with a hope of spotting the rogues, because members certainly can’t. For the sake of members and ourselves, trustees and providers must do all they can to stop dodgy transfers.  

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Image for Governance taking the spotlight on trustee agendas

Governance taking the spotlight on trustee agendas

02 August 2019

Trustees can expect to see increased focus on scheme governance over the coming months in light of two recent developments.

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Image for Thinking of investing in China?

Thinking of investing in China?

01 August 2019

In this article, Riscura attempt to dispell myths about Chinese investing.

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Image for Pension MAPS - prevention is better than cure

Pension MAPS - prevention is better than cure

23 July 2019

There’s been some talk lately of the need to pay more attention to our financial wellbeing, alongside physical and mental wellbeing. Research has shown we’re in even worse shape, financially, than physically or mentally.  

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Image for Why is communication important?

Why is communication important?

23 July 2019

In this interview with Roger Hattam, CEO of AHC, he explains why he feels tailored communications in a complex industry is vital.

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Image for Five top tips to guide a smooth transfer

Five top tips to guide a smooth transfer

09 July 2019

Following the launch of the new DB Transfer Guide, released on the 8th July 2019, PASA thought it would be helpful to cover five key elements which contribute to a positive member experience and outcome, focused unashamedly on the member perspective.

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Image for Learning with the World’s Top Funds – smarter, fairer, simpler

Learning with the World’s Top Funds – smarter, fairer, simpler

08 July 2019

John Simmonds poses the question ‘where should we go in the world to find examples of really great pension funds?’ And his answer - Canada, Australia and Holland. There are unique characteristics in each that are worth reflecting on.

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Image for 5 steps towards helping members safeguard their retirement

5 steps towards helping members safeguard their retirement

20 June 2019

Margaret Snowdon urges Trustees to take action to combat pension scams and to help change members attitudes when it comes to protecting their futures.

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Cyber security - are you prepared?

11 June 2019

Cybercrime is a $7 trillion global industry and cyber criminals are finding new sophisticated ways to attack. The pensions industry needs to take more precautions and always be prepared.

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Image for On Trust

On Trust

10 June 2019

If you go to the doctor and get given a prescription, it’s likely you’ll take the medicine. If a qualified solicitor gave you legal advice, you’d probably follow it. But would you trust a financial adviser?

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Image for How do we protect people from themselves?

How do we protect people from themselves?

04 June 2019

Kim Gubler looks at the way pension scams are evolving and discusses how the pensions industry can do more to protect their members.

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Image for Tax and pensions – communicating system efficiency

Tax and pensions – communicating system efficiency

23 May 2019

Karen Partridge draws upon recent experiences to understand how communications can be presented to pension members in a straightforward, user friendly way.

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Image for Web adoption in pension communications: separating fact from fiction

Web adoption in pension communications: separating fact from fiction

20 May 2019

When considering online pension communications, there is a tendency for trustees and sponsors to make assumptions about the preferences of different membership demographics. However, recent research proves that many common assumptions about certain age groups or industries aren’t entirely accurate.

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Every minute matters

16 May 2019

Small tasks can often be the most important. There can be legal consequences for pension schemes if meetings are not recorded accurately, Sackers reveal how trustees and scheme secretaries can be effective when minute taking.

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Image for Putting the Cart before the Horse

Putting the Cart before the Horse

13 May 2019

John Simmonds tackles the issues of benchmarking when it comes to alternative investing.

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Image for Three ways to manage the impact of cash flows on DB pension schemes

Three ways to manage the impact of cash flows on DB pension schemes

13 May 2019

Simon Hubbard takes us through the key points to consider when monitoring and managing a negative cashflow position.

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Image for 2020 pathways – Drawdown moves to 3G

2020 pathways – Drawdown moves to 3G

02 May 2019

We look at the emergence of new drawdown pathways since the introduction of pension freedoms and the next steps for trustees and schemes.

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Image for The 2019 annual funding statement: Five expectations, two to expect and three to be expected...

The 2019 annual funding statement: Five expectations, two to expect and three to be expected...

25 April 2019

This article takes a look at what The Pensions Regulator expects of trustees and how the funding statement is relevant to all DB pension scheme employers.

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If the cap fits

11 April 2019

Ian Neale tackles the complexities of the charge cap.

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Image for Getting ready for GMP equalisation

Getting ready for GMP equalisation

05 April 2019

As schemes head towards completion of their GMP reconciliation, thoughts turn to the rectification process.

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Image for What's new at the Pensions Ombudsman

What's new at the Pensions Ombudsman

05 April 2019

In this update we cover a range of different issues in relation to the Pension Ombudsman (TPO), including:
• A new government consultation on TPO’s powers to resolve both pension complaints and disputes;
• The introduction of fixed amounts for non-financial injustice awards; and 
• A reminder of key issues for trustees faced with overpayments, in light of recent case law.

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Transfer Pains

04 April 2019

Trustees have, for a number of years, been at the forefront of a pension transfer renaissance. While in general terms, the introduction of pension flexibilities (through the government’s “freedom and choice” reforms in April 2015) has generally been seen as a positive step for pension scheme members, it has, and continues, to put the role of pension trustees under the microscope.

In this article we consider the evolution of the transfer process and the trustees’ role in it, as well as issues arising from past transfers, and potential future developments.

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Image for Look Over There – Lessons from the Australian Superannuation market

Look Over There – Lessons from the Australian Superannuation market

29 March 2019

Roger Hattam reflects on his time at the Australian Conference of Major Superannuation Funds and suggests that in the UK we could learn from the experiences of others and act before acted upon.

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Image for Service management: A move from quantitative to qualitative key performance indicators (KPIs)

Service management: A move from quantitative to qualitative key performance indicators (KPIs)

21 March 2019

 In recent years, we have seen a distinct trend in the way success is measured. Outsourced pensions administrators were heavily reliant on quantitative information, and largely focused on time and volume as the primary measures of success. Whilst this was, of course, an easy way to measure the service, it was too simplistic.

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Image for GMP Equalisation – Tempest in a teapot?

GMP Equalisation – Tempest in a teapot?

15 March 2019

For those of you who have been living a pensions hermit’s existence these last 6 months (or just getting on with life) here is a brief recap on the Guaranteed Minimum Pensions (GMP) equalisation saga to date.

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Image for Leverage, risk, and investment performance at large pension funds

Leverage, risk, and investment performance at large pension funds

11 March 2019

Alex Beath reveals the findings of a study in to the use of leverage and how it contributes to performance and risk.

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Image for Which Mrs Wilson should receive the death lump sum benefit?

Which Mrs Wilson should receive the death lump sum benefit?

08 March 2019

Trustees should be prepared for the unexpected. Clare James explains the importance of exploring more than one avenue of information before making decisions.

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Image for How can contingent assets reduce the PPF levy?

How can contingent assets reduce the PPF levy?

21 February 2019

The levy imposed by the Pension Protection Fund (the PPF) can be costly for employers of defined benefit (DB) schemes, especially in respect of schemes that are already underfunded. Contingent assets can be an attractive option to reduce the levy.

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Image for For Whom the Bell Tolls

For Whom the Bell Tolls

15 February 2019

The time for debate about climate change is over: it’s happening, it’s accelerating, and we are responsible for it. But negative human impacts on the environment go ‘beyond’ climate change. Socio-economic stability is under threat. It could be even worse than the global financial crisis in 2008: a lot worse, in fact.

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Image for Will regulation improve pension administration standards?

Will regulation improve pension administration standards?

15 February 2019

How does your pension administration compare within the universe of Artificial Intelligence, Biometrics and Block Chain? Would you say that the leverage of technology was rudimentary or fairly comprehensive? How would you even go about benchmarking it or mapping a path from where you are and where would you like to be? Would you be able to define your one, three and five year objectives?

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Image for Is member communication really that important?

Is member communication really that important?

31 January 2019

It may seem an odd question from someone who works for a communications consultancy, but the New Year is a great time to ask some challenging questions. 

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Image for Does administration service consolidation really make things more efficient?

Does administration service consolidation really make things more efficient?

23 January 2019

When it comes to administration, efficiencies from consolidation are extremely difficult to achieve. Toby Clark discusses the reality of where and how efficiency gains can be made.

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Image for Consolidation…The possibilities and the practicalities

Consolidation…The possibilities and the practicalities

18 January 2019

Darren Wateridge discusses the benefits of consolidation and the steps schemes can make now.

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Image for GDPR – where are we now?

GDPR – where are we now?

14 January 2019

We’ve welcomed 2019 with open arms and, with New Year resolutions made, it is a good time to take a look at what pension schemes should be doing in respect of the General Data Protection Regulation (GDPR).

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Image for Pension administration – the courage to ask for more

Pension administration – the courage to ask for more

11 January 2019

Working in UK pension administration is a bit like being stuck in a traffic jam. Everyone seems to be struggling to make progress, but one lane always seems to be moving faster...

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Image for Master trusts – let’s talk transitions

Master trusts – let’s talk transitions

04 January 2019

With Master Trust Authorisation in full swing and talk of as little as 20 or even 12 master trusts remaining when final Authorisations are in, it may seem odd to be thinking of transitions. Is it too late to be talking about it? Haven’t all the decisions been made?  

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Image for Don’t burn out on data, the real mileage is in comparison

Don’t burn out on data, the real mileage is in comparison

18 December 2018

Richard Butcher explains why the the Cost Transparency Initiative is important but could be lost in translation without a comparative.

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Image for Consolidation – the future for defined benefit schemes?

Consolidation – the future for defined benefit schemes?

18 December 2018

With more DB schemes approaching maturity, and their sponsoring employers seeking to secure members’ benefits or to transfer risk, the DWP has published its latest consultation, setting out proposals for a new legislative framework for authorising and regulating defined benefit (DB) “superfund” consolidation vehicles

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Image for Contingency plan

Contingency plan

01 May 2018

Cash will always be king but contingent assets can be a workable compromise

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Image for No news is good news

No news is good news

01 May 2018

Business as usual for pensions post-Budget

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Image for Spotlight on transaction cost disclosure

Spotlight on transaction cost disclosure

01 May 2018

Donny Hay discusses the impact and reasons for transparency on transaction costs

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DC Administration Governance?

17 November 2017

Lucy Collet asks: What do you think of when you think of DC Governance?

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Image for The Pensions Dashboard: where are we?

The Pensions Dashboard: where are we?

17 November 2017

We need to get a grip on retirement saving says Aries Insight's' Ian Neale.

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Image for Dashboard Ready

Dashboard Ready

17 November 2017

The pensions dashboard project is well underway; but what do consumers think and how can schemes prepare ahead of the launch?

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Pension proud

03 November 2017

"I'm proud to work in pensions, but I'm jealous of the NHS" - Peter Nicholas

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