Latest News
-
Govt urged to consider 'more effective' alternatives to IHT pension changes
-
Reforms signify ‘clear path forward’ for LGPS; ‘stronger collaboration’ needed
-
Reach to provide extra £5m in pension funding after discovering historical error
-
RNIB pension scheme appoints Schroders Solutions as fiduciary manager
-
Moderate retirement pension gap increases to more than £31,000
-
GMPF invests £100m into L&G affordable housing fund
Archive Features
Everyone hopes they will have a happy retirement, but could the pensions industry and policymakers be doing more to increase happiness among retirees? There’s more to this
than having enough money – although that does help – as David Adams discovers
than having enough money – although that does help – as David Adams discovers
January 2025
Diversity, equity and inclusion (DEI) is an area of growing importance for those running pension schemes, as the benefits it can provide, both from an operational perspective and by way of improving customer service, is becoming more recognised. Yet there is much more to be done for DEI to be comprehensively implemented throughout the pensions sector. Therefore, Pensions Age is proud to explore DEI as its year-long special focus for 2025
January 2025
In July last year, the EDF Group (EDFG) of the Electricity Supply Pension Scheme transferred pensions administration services to Trafalgar House. Pensions Age sat down with EDF pensions liaison manager, Clive Pothecary, and Trafalgar House client director, Daniel Taylor, to find out what made the transition a success
January 2025
Pensions Management Institute chair, Ruston Smith, discusses the key changes that the government should be looking at to improve the pensions landscape in 2025
January 2025
Abigail Williams explores how real assets can provide benefits for UK DC funds
January 2025
We discuss how a strategic exposure to liquid real assets can be a useful component in
a DC default investment strategy, providing not only further diversification but also long-term protection in different inflation environments
a DC default investment strategy, providing not only further diversification but also long-term protection in different inflation environments
January 2025
The next 12 months are set to be a busy period for administrators, as the scale and complexity of their caseloads continues to grow
January 2025
Market shifts, including increased funding levels and new regulations, are prompting DB schemes to reassess the role of the employer covenant in their endgame strategies
January 2025
Geoff Marchment, head of master trust development at Aviva, discusses how the stages of retirement are changing and how guidance could help to ensure a financially comfortable journey
January 2025
Sharon Bellingham explains how using diversity, equity, and inclusion can unlock opportunities and improve retirement outcomes
January 2025
Sefian Kasem explores the relationship between Islamic faith-based investments and sustainable investing
January 2025
Michelle Burgess, associate partner at Aon, looks at the evolving landscape of pension governance and the challenges faced by pension schemes. With increasing regulatory demands and the need for specialised knowledge, trustees and inhouse pension teams must navigate a challenging environment to ensure effective management and compliance
January 2025
Donna Walsh assesses the strengths and weaknesses of the value for money framework
January 2025
LGIM highlights how it can help schemes develop their optimum investment strategy, no matter the endgame destination
January 2025
Jonathan Watts-Lay looks at the challenges faced by members and what they need to know in the year ahead. He also outlines how trustees, schemes and employers can help members take the right course of action to best optimise their retirement outcomes
January 2025
With insights from industry leaders and experts, Pensions Age explores the key challenges trustees face in 2025
January 2025
As societal norms shift, the pensions industry faces the challenge of engaging Gen Z – a
generation prioritising the present over retirement. Paige Perrin explores how providers are adapting their communications to younger savers
generation prioritising the present over retirement. Paige Perrin explores how providers are adapting their communications to younger savers
January 2025
Sandra Haurant explores what lies ahead for investment markets in 2025
January 2025
With what is thought to be the biggest package of pension reforms in decades on the horizon, Sophie Smith looks at the key priorities and areas of focus in 2025
January 2025
Jonathan Lipkin highlights the key changes required to improve pension fund investment opportunities
January 2025
Stuart Henderson explores trustees’ readiness to prepare their first ORAs, in advance of their participation in Crowe’s 2025 governance and risk management survey
January 2025
Callum Conway looks at the investment opportunities for pension funds within the affordable housing sector
December 2024
Alex Janiaud considers whether the DC lifestyling investment pathway is still fit for purpose
December 2024
Scottish & Newcastle Pension Plan head of pensions, Neil Parfrey, and Knowa chief commercial officer, Aled Davies, tell Francesca Fabrizi how artificial intelligence (AI), when used in the right way, can assist pension schemes in meeting their general code and wider governance obligations
December 2024
You might think that people who work in pensions should be well equipped to find a good route towards retirement, including a gradual reduction in working hours, if that is what they want. But does being in the industry make a helpful difference? David Adams finds out whether pensions veterans are benefitting as much as they should
December 2024
With people retiring in different ways, and living longer, how are providers ensuring at-retirement products stay relevant?
December 2024
Pension Protection Fund (PPF) director of strategy and policy, David Shaw, sits down
with Sophie Smith to talk about how the lifeboat dealt with the challenges faced in 2024, and the work still to do as we head into 2025
with Sophie Smith to talk about how the lifeboat dealt with the challenges faced in 2024, and the work still to do as we head into 2025
December 2024
Preparing scheme assets for an insurance transaction is one of the key steps trustees need to
take to get their schemes ready to go to market, but what does this mean in practice?
take to get their schemes ready to go to market, but what does this mean in practice?
December 2024
Joe Haswell, BPA transaction manager at Standard Life, part of Phoenix Group, shares his views and discusses trends he observed in bulk purchase annuity origination over 2024
December 2024
How to balance member, sponsor, and trustee interests when implementing a scheme wind-up
December 2024
The DB de-risking market has seen record-breaking volumes in recent years, but is the DB space being overlooked by broader government policy, and is time for change running out? Sophie Smith reports
December 2024
As we reach the end of our year-long focus into financial literacy, Pensions Age hears from the industry about its success stories this year in improving its members’ financial education and wellbeing
December 2024
Sandra Haurant looks back at what occurred within investment markets during 2024
December 2024
2024 has been a year defined by transformation, marked by a new government, the introduction of the Pension Schemes Bill, a Pension Investment Review, and the introduction of several significant pieces of legislation. Paige Perrin looks back on an eventful year
December 2024
Malcolm Reynolds explains how India can hold the key to the UK pensions administration capacity crunch
December 2024
Shalin Bhagwan unwraps the goodies inside this year’s PPF Purple Book
December 2024
Sam Meadows considers the challenge of reviewing scheme providers and changing them where necessary
November 2024
Sandra Haurant explores the important role fixed income has to play within DB and DC portfolios, despite the market volatility experienced in recent years
November 2024
With the deadline for the dashboards appearing on the horizon, there is a renewed focus on the importance of pension schemes holding accurate, complete data. But there are also other important reasons why the time has come to clean up every scheme’s data, as David Adams discovers
November 2024
Rising gilt yields, proximity to buyout and difficulties in finding financial advisers willing to execute transfer exercises have contributed to a decline in volumes over recent years
November 2024
Money and Pensions Service (Maps) CEO, Oliver Morley, chats with Sophie Smith about the Pensions Minister’s latest update on pensions dashboards and the work pension schemes need to do ahead of the upcoming connection deadlines
November 2024
As awareness of climate and nature-related risks grows, natural capital investments are on the rise. Niamh Smith explores how to invest in this theme to benefit both members and the planet
November 2024
Claire Glennon explores the strong institutional demand for natural capital investments
November 2024
With the UK’s first CDC scheme up and running, and the government recently issuing a consultation on enabling multi-employer CDC structures, Pensions Age explores whether this
is the start of CDC being the ‘third choice’ between DB and DC pension offerings
is the start of CDC being the ‘third choice’ between DB and DC pension offerings
November 2024
Achieving a fair pension system for all by closing the gender pension gap is a shared goal for the industry, government, and employers. But how much progress has truly been made, and what more can be done to bridge the divide? Paige Perrin investigates
November 2024
Saving for retirement is a daunting challenge when you’re self-employed and many are alarmingly unprepared. Policymakers need to consider flexible solutions to attract self-employed participation
November 2024
Church of England Pensions Board chief executive, John Ball, tells Francesca Fabrizi how
preparation, collaboration and a keen eye on sustainability were key to the success of the recent Church Workers Pension Fund buy-in with Aviva
preparation, collaboration and a keen eye on sustainability were key to the success of the recent Church Workers Pension Fund buy-in with Aviva
November 2014
As part of Pensions Age’s year-long focus on financial literacy, our newest reporter, Callum Conway, shares his experience of learning about pensions through the industry’s online resources
November 2024
Kelvin Wilson explains how to use advanced analytics to mitigate residual risk in pension risk transfers
November 2024
Charting over a decade of growth to become one of the UK’s fastest-growing asset owners
November 2024
A common query from pension savers is that they do not know whether they are on track to achieve their desired retirement saving amount throughout the accumulation stage (or even what that final amount should ideally be). Therefore, what guidance can the industry provide to help savers monitor and understand if they have the ‘correct’ amount of savings for them, for their age, throughout their working lives?
October 2024
Louise Farrand considers the continual impact from the 2022 gilt crisis and the fiduciary management reviews it has generated
October 2024
TPT Investment Management’s managing director, Nicholas Clapp, and investment director, Peter Smith, talk to Pensions Age about how its new fiduciary management offering blends its own experience of managing pension fund money with the opportunity to invest in private markets and focus on climate change, due to its long-term investment horizon
October 2024
With the FCA consulting on how to ascertain the value for money of contract-based DC schemes, industry experts argue more needs to be done to improve member outcomes, finds Jon Yarker
October 2024
Sandra Haurant considers the arguments for and against cryptocurrency investment and what opportunities may develop for this new asset class
October 2024
Gill Wadsworth reveals the costs of cyber-attacks and how schemes can best protect against this risk
October 2024
How to protect against ‘1-in-20-year’ events
October 2024
Delegated functions, but not delegated cyber responsibilities
October 2024
As the pensions industry strives to instil diversity in everything it does, we ask if AI can be a help or a hindrance
October 2024
CAF chair of trustees, David Locke, and K3 senior actuarial consultant, Thomas Crawshaw, explain how careful handling and collaboration were key to the success of their recent £12 million full scheme buy-in transaction
October 2024
As DB pension scheme funding levels have generally improved over the past year or two, many of those seeking buyout have seen their journeys to wind-up accelerated. But how is the sector reacting to this increased demand and how can trustees best prepare their schemes for a smoother journey?
October 2024
Just Group managing director, Pretty Sagoo, talks to Pensions Age about the company’s continual innovation, to the benefit of schemes of all sizes looking to implement a buyout deal
October 2024
As part of our year-long focus on financial literacy, Pensions Age asks industry experts what key elements of financial education they believe should be integrated into school curriculums
October 2024
Pensions Age sits down with the authors of the Pensions Policy Institute’s latest DC Future Book, Shantel Okello and Lauren Wilkinson, to discuss the progress made in the industry over the past decade, and the challenges still to come
October 2024
Communicating effectively with pension scheme members has always been important, but as more people come to rely on DC pensions, the quality of member communications will become critical. David Adams investigates efforts being made to create and measure the effectiveness of communications strategies and processes
October 2024
As UK pension funds continue to shift away from domestic investments, the government must identify the causes and implement changes to address this trend
October 2024
Lynn Strongin Dodds explores ESG considerations for pension schemes investing in private markets
October 2024
Patrick Heath-Lay explains how the pensions industry must build on past successes to create lasting benefits for society
October 2024
Following this landmark judgment, it has now been confirmed that there will be no further appeal to the Supreme Court. The DWP has not yet indicated whether it will intervene. Trustees, some of whom may be under pressure from their scheme sponsors and auditors,
therefore now need to consider whether a ‘wait and see’ approach remains appropriate or to embark upon a review of their scheme documentation
therefore now need to consider whether a ‘wait and see’ approach remains appropriate or to embark upon a review of their scheme documentation
October 2024
AlphaReal explores the benefits of a diversified approach to renewable infrastructure
October 2024
MV Credit managing partner, and co-head of business development, Murtaza Merchant, speaks to Pensions Age about the opportunities for private credit investment within DC schemes
October 2024
Laura Blows explores why the number of pensioners living in poverty is increasing, the impact of this trend, and what the industry can do to help tackle the problem
September 2024
The new government has already placed its focus on infrastructure and energy investment, with its proposed creations of Great British Energy (GBE) and a National Wealth Fund (NWF). What do these mean for these sectors, and what opportunities do they provide for pension funds as investors?
September 2024
Sandra Haurant explores the wide world of emerging markets equities
September 2024
Funded reinsurance has faced growing scrutiny in recent months, but with capacity concerns being raised around the BPA market, it could also present an opportunity to reduce risk and meet the growing demand from DB schemes. Sophie Smith reports
September 2024
Alex Janiaud considers how DB schemes can best manage residual risks after an endgame solution
September 2024
As Bravura prepares to kick off Pensions Dashboards Week (PDW) 2024, it seems an opportune moment to set our intentions and what we hope to achieve with this year’s programme of events
September 2024
With Royal Mail’s collective defined contribution (CDC) scheme set to launch in October, Paige Perrin examines how the risk-sharing nature of CDC schemes could enable greater investment opportunities
September 2024
North East Scotland Pension Fund investment manager, Graham Buntain, and Robbins Geller Rudman & Dowd cofounder and partner, Mark Solomon, discuss their recent success in a battle for justice against American sportswear brand Under Armour
September 2024
In recent months, the LGPS has been involved in high profile US class action cases with multi-million-pound settlements. Could these become more popular throughout the wider pension world?
September 2024
Graeme Riddoch explains the challenges old administration platforms face in tackling today’s
pension scheme needs
pension scheme needs
September 2024
An overview of machine learning algorithms and some AI applications for the streamlining of scheme data preparation and pension risk transfer processes
September 2024
John Parker highlights the importance of providing savers with a holistic view of their pensions and wider finances through Open Finance technology
September 2024
Is pension engagement heading for a brilliant digital revolution, asks Robert Cochran
September 2024
David Rich explains how accurate data and a well chosen ISP can help reduce the stumbling blocks to dashboards’ launch – and provide members with a seamless user experience
September 2024
The digital revolution is here to stay, but is the pension industry keeping up? What more can be done to encourage greater adoption of technology?
September 2024
Pensions Age takes a closer look at the pensions awareness campaigns running in September, and why it’s so important to get savers engaging with their pensions
September 2024
As part of Pensions Age’s year-long special focus on financial literacy, Chris Newlands explores the relationship between financial literacy, or lack thereof, and the risk of falling for pension scams
September 2024
It’s not the messiah, but it’s also not a naughty boy, argues PLSA policy board member, Neil Mason
September 2024
Lynn Strongin Dodds explores the investment opportunities created by the increasing cross over between infrastructure and real estate sectors
September 2024
James Muir explores the increasing convergence of property and infrastructure investment under the ‘real assets’ umbrella
September 2024
Laura Blows speaks to the pensions ombudsman, Dominic Harris, about his plans to improve efficiency within The Pensions Ombudsman (TPO) and reduce waiting times
September 2024
Just like every other organisation, pension schemes need to manage potentially disruptive operational risks, and be prepared to respond to a crisis that could threaten a scheme’s
operations and its members’ wellbeing. David Adams looks at the steps trustees, managers and employers need to take to ensure a scheme is ready to respond when a crisis strikes
operations and its members’ wellbeing. David Adams looks at the steps trustees, managers and employers need to take to ensure a scheme is ready to respond when a crisis strikes
September 2024
I suspect I know what you’re thinking: Pensions won’t ever be cool and that’s that. But what if they were invested in areas of science and technology that people find fascinating, desirable and relevant to their daily needs?
September 2024
Pensions Age speaks to Heywood director of pension risk transfer (PRT), Kelvin Wilson, about the changing nature of the de-risking market and how this affects DB schemes’ choices
September 2024
Has GDPR impacted on pension communications and the industry’s ability (or not) to be proactive with their engagement messages?
September 2024
Saving for a pension may seem of less importance to those with life-limiting conditions. But that does not mean that the industry can or should do nothing
July-August 2024
With more and more savers relying on ‘finfluencers’ as a guiding hand, Sophie Smith considers whether enough is being done to protect against the threat of misinformation, and how the pensions industry can turn the tide of finfluencers in its favour
July-August 2024
In the latest edition of Pensions Age’s financial literacy special focus, Sophie Smith looks at the different attitudes towards talking about money around the world, and the lessons the UK could learn from abroad
July-August 2024
The Superannuation Arrangements of the University of London (SAUL) has become the first UK pension scheme to take up pass-through voting for both its DC and DB plans. SAUL CIO, Kevin Wade, and Tumelo CEO, Georgia Stewart, tell Francesca Fabrizi what this groundbreaking move means for voting consistency across their investments, as well as the implications for the wider pensions industry
July-August 2024
In the fight against climate change, the focus remains on the energy sector, yet the significant environmental issues caused by food production is often overlooked by pension funds concerned about ESG issues, Laura Blows finds
July-August 2024
Laura Blows explores the current scrutiny around investing in defence firms, and the increasing pressure pension funds are facing to defend their positions on the debate
July-August 2024
Investment in housing could suit pension schemes’ long-term investment horizons and ESG
considerations, but how does each housing sector differ and do the returns match their ESG credentials? Jack Gray investigates
considerations, but how does each housing sector differ and do the returns match their ESG credentials? Jack Gray investigates
July-August 2024
Sandra Haurant explores the current investment landscape for global equities and the impact of worldwide events on their performance
July-August 2024
DC schemes are being urged to invest in private markets, but how can they achieve this is and what are the challenges? Lynn Strongin Dodds investigates
July-August 2024
Inspiring DC savers to take more interest in their pensions is crucial
July-August 2024
Jack Gray sits down with Nigel Peaple to reflect on his time as PLSA director of policy and advocacy, and discuss what the future holds for him as he moves into a new part-time role
July-August 2024
PAT chair, Jeff Highfield, highlights the work done by the trust in preserving the history of the pensions industry
July-August 2024
Paige Perrin surveys the charity DB scheme funding landscape amid sustainability and endgame challenges
July-August 2024
With cross-border pensions becoming increasingly popular with globe-trotting savers, what challenges do these arrangements pose?
July-August 2024
Chloe Whelan takes a look at the Australian pension system and explores the practical steps for the UK potentially implementing a similar model
July-August 2024
Following the news that Labour has won the 2024 UK general election, Pensions Age takes a look at what we know so far about the party’s plans for pensions
July-August
New investment opportunities are emerging in infrastructure, explains PATRIZIA, a leading partner for global investment in real assets
July-August 2024
Matthew Swynnerton and Megan Sumpster consider a recent Pensions Ombudsman (PO) determination concerning the recoupment of overpaid pension benefits from future pension payments
July-August 2024
Sandra Haurant debates the merits of active and passive investment strategies for pension schemes
June 2024
Three years on from the introduction of the Financial Conduct Authority’s (FCA) Investment Pathways, Pensions Age asks: Are Investment Pathways working as intended and how has the industry’s experience with them been so far?
June 2024
Chris Newlands explores the need for new approaches to DC default funds’ glidepaths
June 2024
Hybrid schemes are not typical and can pose real dilemmas to the trustees working on them
June 2024
Gamification is not a new idea, but could new generations of these tools help providers and schemes persuade more people to engage with saving and planning for retirement? David Adams reports
June 2024
Laura Blows looks at how pensions communications are evolving to adapt to the wider range of languages being spoken in the UK
June 2024
In this month’s edition of Pensions Age’s special focus on financial literacy, Paige Perrin
examines the complexity of understanding pensions in comparison to other long-term
saving products, exploring the factors that contribute to savers’ confusion and potential
industry strategies to address this
examines the complexity of understanding pensions in comparison to other long-term
saving products, exploring the factors that contribute to savers’ confusion and potential
industry strategies to address this
June 2024
While consolidating schemes could open doors for smaller schemes to access a wider range of large-scale investment opportunities, the reduced levels of competition between schemes could spell trouble for savers and the industry
June 2024
ACA chair, Stewart Hastie, sits down with Jack Gray to discuss his primary aims in his new role and the association’s recently published Pensions and Savings Manifesto
June 2024
Last month, the Pensions Scams Industry Group (PSIG) published a consultation to determine the future of the organisation. Pensions Age speaks to its chair, Margaret Snowdon, to find out more
June 2024
Sandra Haurant explores the role infrastructure plays in pension scheme portfolios, amid the government’s push for increased investment in UK plc
May 2024
As part of Pensions Age’s financial literacy special focus, we provide an overview of some of the initiatives the industry is taking to increase people’s understanding of their pensions
May 2024
The FCA has indicated it will offer clarity over where the border lies between advice and guidance. But is it enough?
May 2024
Paige Perrin explores the current voluntary requirements around professional trustees and whether closer monitoring is needed
May 2024
With increasing scrutiny on the performance, service and value offered by pension schemes, Pensions Age reflects on the industry accreditations available to help providers stand out from the crowd
May 2024
With the list of reports, statements and submissions that trustees need to produce growing longer every year, David Adams asks if these requirements are fulfilling useful purposes for members
May 2024
Executive directors’ pension contributions not being aligned with the average pension contribution for employees is biggest area of non-compliance under the Corporate Governance Code, finds Thomson Reuters Practical Law
May 2024
Chloe Whelan considers the arguments for and against pension providers offering cash incentives to savers who transfer into their scheme from a competitor
May 2024
EDF Energy pensions manager and fund secretary, Laura LeMay, and Knowa chief commercial officer, Aled Davies, tell Francesca Fabrizi how their collaboration has transformed the day-to-day management and governance of the scheme for the better
May 2024
Muse Advisory CEO, Ian McQuade, reflects on the regulatory pressures facing the LGPS today
May 2024
Gill Wadsworth explores whether the time is right for The Pensions Regulator to have new objectives
May 2024
Jack Gray provides an update on the progress of ESG and sustainability initiatives from across the industry
May 2024
With mounting delays, the resource-strained Pensions Ombudsman was recently forced to pause work on scam cases – raising questions about what this office can do amid continually surging pensions complaints
May 2024
Pensions Age looks at some recent examples of the industry’s regulators flexing their enforcement muscles
May 2024
Bravura reveals how firms can prepare for its pensions dashboards connection in five simple steps
May 2024
Laura Blows speaks to Nest Insight director of research and innovation, Jo Phillips, about its research and trials to help increase people’s savings levels
April 2024
UK government bonds – or gilts – have long played an integral part in pension strategies. We look at the place they hold in today’s evolving industry, and the effects of the 2022 gilt crisis on pensions
April 2024
Abigail Williams explores whether the recent withdrawal of some large asset managers from the Climate 100+ initiative is part of a broader trend and, if so, what this could mean for pension schemes’ sustainable investing agendas
April 2024
Vidett professional trustee and client director, Kevin Dolan, explains the role the trustee firm played in helping enhance members’ outcomes following a corporate restructuring of Communisis
April 2024
David Adams reports on the efforts of regulators and the industry to create a new framework to measure and report on value for money
April 2024
Following the recent announcement of superfund Clara’s second deal, and proposals for a public-sector consolidator, Chloe Whelan looks at the innovation occurring in the DB consolidation space
April 2024
As part of Pensions Age’s financial literacy special focus, Jack Gray speaks to Money and Pensions Service new CEO, Oliver Morley, about his plans for the service and the efforts to improve financial literacy levels in the UK
April 2024
Lynn Strongin Dodds looks at the balance between the desire for DC schemes to increase their sustainable investments, and the hesitancy to pay the higher fees of illiquid assets to do so
April 2024
Is surplus extraction the way forward for DB schemes, asks Chloe Whelan
April 2024
Mark Harris explains the changes, effective now, to the Financial Reporting Council’s Technical Actuarial Standard for pensions
April 2024
Standard Life explores the considerations for trustees around managing illiquid assets ahead of a bulk purchase annuity transaction
April 2024
Sandra Haurant explores how UK pension funds are being encouraged to invest in ways that would boost UK economic growth
March 2024
Following the completion of a full scheme buy-in for the Birmingham Chamber of Commerce, Quantum Advisory and Trustee Corporation share their tips on how to ensure a smooth running process
March 2024
With a General Election coming this year, commercial pensions dashboards are getting strong cross-party political support. Independent pensions dashboards consultant, Richard Smith, explains the many reasons why
March 2024
Church of England Pensions Board deputy chief responsible investment officer, Stephen Barrie, explains how pension funds can help ensure their ethical and sustainability standards are not lost post-buyout
March 2024
In the latest edition of Pensions Age’s financial literacy special focus, Lynn Strongin Dodds explores what role the industry has in improving financial literacy and how it can help enhance people’s pension knowledge
March 2024
Chloe Whelan explores the full range of endgame options for DB schemes
March 2024
Buyout, run-on or both? Whatever your scheme’s preferred destination, we’ll help you construct the way forward
March 2024
Laura Blows explores how the increasing use of professional trustees is changing board dynamics with advisers, and how the boundary between additional trustee services and advisory services is starting to blur
March 2024
Sophie Smith sits down with Pensions and Lifetime Savings Association (PLSA) head of DC, master trusts and lifetime savings, Alyshia Harrington-Clark, to discuss the latest update to the Retirement Living Standards, and the difference a cheese grater can make
March 2024
To be ready in time for the pensions dashboards connection deadline, there is a lot schemes must do to meet their obligations. XPS client services director, James Peel, discusses XPS’s delivery plan for schemes. This includes how they are collaborating with their Integrated Service Provider (ISP), ITM, on the outputs members will receive, and future dashboards administration – with contributions from ITM chief innovation officer, Maurice Titley
March 2024
To look after member benefits, pension trustee boards need to stay on top of changing circumstances and be ready to address unexpected challenges. Vidett’s Chris Halewood identifies some changes faced by two hypothetical trustee boards and suggests how to deal with them
March 2024
Matthew Swynnerton and Megan Sumpster explore the recent Newell ruling regarding pension scheme amendments
March 2024
The success of buyout deals hinges on a team effort between administrators, actuaries, lawyers and insurers, but how can these parties enhance their collaborative efficiency?
February 2024
Pensions Management Institute (PMI) director of policy and external affairs, Tim Middleton, sits down with Sophie Smith to discuss the association’s latest academy partnerships, and how the PMI can help trustees make sense of the new developments in the landscape
February 2024
As part of Pensions Age’s year-long special focus on financial literacy, David Adams considers how the way we think sometimes stops us doing the right thing when it comes to retirement saving – and what the industry, employers and policymakers can do about it
February 2024
Sophie Smith takes a closer look at the recent backlash faced by Morrisons after it announced changes to its pension contribution policy, and whether there is still enough incentive for employers to go above and beyond in their pension offering
February 2024
An efficient central clearing house will be imperative to realising the proposed pot for life system, but how will it work and what challenges need to be overcome? Jack Gray investigates
February 2024
Abigail Williams explores how those managing pension schemes can best align their sustainable investment principles with the actions of their asset managers
February 2024
Laura Blows speaks to Avon Pension Fund investment manager, Nathan Rollinson, about the fund’s responsible investment strategy and its decision to bring forward its net-zero target to 2045
February 2024
The government has confirmed its intention for the pooling of LGPS assets to be complete by March 2025, and for there to be fewer, but larger, pools in excess of £50 billion in size. But when push comes to shove, did the LGPS need further encouragement to pool its assets, or was it already heading in the right direction?
February 2024
With around half the globe heading to the ballots in what is set to be the biggest election year in history, how will global equities markets, and managers, fare in 2024, asks Sandra Haurant
February 2024
Maiyuresh Rajah, head of investment strategy and proposition at Aviva, discusses how investments can play a part in guiding pension savers through their options at retirement
February 2024
Niamh Smith looks at why the leading proposal to change the general levy has sparked backlash from small schemes, and what could be done to limit the negative impact
January 2024
Lynn Strongin Dodds explores whether consolidation remains the name of the game for DC master trusts
January 2024
Boots Pension Scheme chair of trustees, Alan Baker, and secretary to the trustees, Steve Jones, talk to Francesca Fabrizi about the challenges and successes of the recently transacted buy-in with Legal & General
January 2024
Has the ‘reset’ of the pensions dashboards project, announced in March 2023, offered a valuable chance to review and refine projects, or has it killed the momentum behind the project? David Adams asks if the dash to build dashboards is about to resume
January 2024
With political shifts prompting yet more change at the Department for Work and Pensions, Pensions Age takes a look back at the highs and lows of recent Pensions Ministers
January 2024
Laura Blows explores the average level of financial literacy in the UK, in the first of Pensions Age’s year-long special focus on the subject, and how this can affect pensions saving
January 2024
Jack Gray speaks to Pensions Policy Institute research associate, Anna Brain, about the institute’s report on the threat the rise in private renting could have on the UK pensions system
January 2024
High interest rates, sticky inflation and weaker economic growth have combined to create a
challenging environment for traditional fixed income investors. Securitised credit strategies
could offer an attractive alternative for pension fund investors
challenging environment for traditional fixed income investors. Securitised credit strategies
could offer an attractive alternative for pension fund investors
January 2024
Aviva policy manager, workplace savings, Dale Critchley, examines the role trustees play in members’ decumulation phase
January 2024
Johnathon Ryder examines the challenges that member communications face with the emergence of AI
January 2024
With most journeys, we usually have a clear idea of our destination, and how to get there. However, there are often challenges along the way. The road to the General Code is no different
January 2024
Michael Burdett explains why run-on solutions are increasingly popular for DB pension schemes
January 2024
LDI and investment strategy considerations for a post gilt-crisis world
January 2024
By better understanding different people’s needs and attitudes, we can build a more inclusive
retirement savings system. But do we understand other people as well as we might think?
retirement savings system. But do we understand other people as well as we might think?
January 2024
Jonathan Watts-Lay looks at the challenges members may face in the year ahead, including the continuing pressure from rising 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, trustees and employers can help members take the right course of action to optimise their retirement outcomes
January 2024
After a busy 2023, there is little indication that things will slow down for pension trustees in 2024. We explore what’s to come in the year ahead, and how boards can best prepare themselves
January 2024
As fiduciary managers face falling levels of assets under management, Gill Wadsworth considers the pressures facing the sector and where it may find new opportunities to diversify
January 2024
What may be in store for investment markets in 2024? Sandra Haurant finds out
January 2024
Following another busy year in the pensions sector, Jack Gray looks ahead at 2024’s expected deluge of proposals and initiatives that look set to transform the pensions landscape
January 2024
The impact of the pandemic on longevity trends in the UK has had implications for DB schemes in particular. But to what extent will longevity continue to be an important factor in shaping trustees’ strategies over the next few years; and how important are longevity trends to the running of DC schemes?
December 2023
More needs to be done to help DC savers work out what retirement incomes they should be aiming for – and how to achieve them
December 2023
Francesca Fabrizi sits down with Brightwell CEO, Morten Nilsson, to look at where the DB pensions market is going, the opportunities and challenges that lie ahead, and how he believes Brightwell can fill a gap in the market
December 2023
Sandra Haurant explores changing trends within DB schemes’ real estate investments
December 2023
DB superfunds are finally making a splash, with the first transfer into one having taken place in November. But what will the role of these funds be in the wider de-risking market?
December 2023
With improved funding levels, DB schemes are in a healthy position. But ahead of the funding code and Mansion House reforms being implemented, uncertainty remains
December 2023
Abigail Williams explores how TCFD regulations have bedded in within the pensions sector
December 2023
Lynn Strongin Dodds explores how the government’s recent efforts to increase illiquid asset investment within DC schemes fit in with ESG priorities rising up investors’ agendas
December 2023
Despite the tightest squeeze on household budgets in decades, most defined contribution (DC) pension savers would pay more to see their funds supporting environmental, social and governance (ESG) investments – once they know pensions can be used in this way
December 2023
The Pensions Age year in review often claims that the past year has been one of the busiest yet for the industry and 2023 is no different, as the industry was hit with wave after wave of consultations and measures. However, a number of initiatives have faced significant delays, with several updates still awaited as the industry prepares for the new year
December 2023
As we come to the end of our year-long Pensions Age focus into pensions scams, we ask the industry’s views on the ‘wins’ that have been achieved in the fight against scams over the past year
December 2023
Abigail Williams examines how well positioned and motivated UK pension schemes are to meet the new TNFD recommendations
November 2023
Lynn Strongin Dodds explores how current market conditions are affecting real estate investment for pension schemes
November 2023
LGIM Real Assets head of real estate research, Bill Page, considers where UK real estate may be heading after its current bout of repricing
November 2023
Niamh Smith explores the strategies pension scheme managers and trustees can adopt to adeptly manage complaints, fostering a responsive and effective process to minimise risk
November 2023
The road to retirement for many in the UK has changed since the reforms of 2015. But what has the impact of those reforms been on the default strategies used by DC funds?
November 2023
Sam Meadows highlights the importance of starting retirement saving as early as possible
November 2023
How do people in the UK feel about their finances? And how is the ongoing economic uncertainty affecting their plans for retirement? To find out, Standard Life surveyed the views of more than 6,000 people from all walks of life
November 2023
One year on from her appointment as Pensions Minister, Laura Trott sits down with Pensions Age’s Sophie Smith to discuss her work so far and her priorities looking ahead
November 2023
Francesca Fabrizi meets The Church of England Pensions Board chief executive, John Ball, and director of strategy and engagement, Natasha Gray, to hear about their successful efforts in delivering pension promises to over 42,000 members, while also being trailblazers in ESG
November 2023
Jack Gray investigates the impact anti-scam regulations have had on pension transfers, how the industry has adjusted, and what the sector hopes will come out of the government’s review
November 2023
David Adams looks at the DB pension consolidation options becoming available to schemes, and the reasons why regulators, the government and providers are getting involved in a growing market
November 2023
For DB schemes considering consolidation it can be challenging to establish which solution is the best fit for your scheme. Jonathan Jackaman explores the options now available, for wherever you are on your endgame journey
November 2023
With bulk annuity deals reaching record volumes at the same time as the Solvency II revisions will come into force, Laura Blows explores how much consideration DB schemes looking to buy out should give to these changes potentially increasing risk within the insurance sector
November 2023
Maggie Williams looks at the variety of new and emerging risks for pension schemes
November 2023
Aon’s Global Pension Risk Survey 2023/24 found that trustees face more complex risks than ever before. Prioritisation and planning are essential, says Matthew Arends, Head of UK Retirement Policy, Aon and Alastair McIntosh, Partner, Aon
November 2923
The disastrous 2022 mini-Budget may be starting to seem like a distant memory – but the pensions industry is still feeling its effects
November 2023
Sophie Smith reflects on recent political debates surrounding pensions policy, and whether political considerations could be holding the industry back
November 2023
Will Scholes reflects on findings from a trip to China, and explores its changing trade relationships
November 2023
Sandra Haurant explores how the role of UK equities has changed in pension scheme portfolios and whether they will make up a greater share of schemes’ asset allocations going forward
October 2023
The technical, practical and regulatory demands faced by trustees have all increased in recent years. David Adams looks at the possible consequences of those changes for the recruitment and retention of both lay and professional trustees
October 2023
Following the Chancellor’s Mansion House announcements on decumulation policy and the expansion of collective defined contribution (CDC) schemes in the UK, there seems to be mixed opinions as to what impact the introduction of CDC schemes will have. Pensions Age asks: Are you excited by the prospect of CDC?
October 2023
To address the large number of deferred small DC pension pots, the government has proposed a framework for a multiple default consolidator model. This approach appears to have split industry opinion. We ask: Are you supportive of the government’s proposed solution?
October 2023
As many DB schemes are now experiencing surpluses, Pensions Age asks the industry where they would like to see these distributed
October 2023
Maggie Williams explores the legislative changes in the pipeline for the UK pensions industry
October 2023
Shantel Okello looks back at her internship at the Pensions Policy Institute
October 2023
Sam Meadows explores the importance of financial education at schools to improve peoples’ long-term savings prospects
October 2023
Francesca Fabrizi meets Skanska Pension Fund trustee director and head of pensions, Mohsin Harhara; and chair of the trustee board and executive vice president, Harvey Francis, to discuss the pension fund’s dynamic journey in recent years
October 2023
How well can AI take on the challenge of writing pensions comms to members?
October 2023
The artificial intelligence boom has sent shockwaves through the financial services industry, but its impact has yet to be fully felt across the pensions sector, finds Beth Ure
October 2023
Louise Farrand explores the new and varied ways scammers are trying to get hold of people’s pensions, and how the industry is responding to the challenge
October 2023
Marek Handzel highlights what can schemes do to stand out from the crowd in the eyes of insurers
October 2023
John Southall explains how schemes can best invest to meet their aims
October 2023
Robert Wakefield speaks to Laura Blows about his ambitions for change during his time as president of the PMI
October 2023
Samantha Chandler explains how checking data quality preparation can speed up the bulk annuity transaction process
October 2023
Gill Wadsworth explores the current spate of consolidation within the master trust sector
September 2023
Donna Walsh considers whether trustees should be worried about the impact of artificial intelligence on master trusts
September 2023
Maggie Williams explores increasing governance workloads, and what the future holds, for pension scheme trustees
September 2023
Sue Austen explains how to make good governance central to everything trustees do
September 2023
PASA explains the nuances of pensions transfers and the challenges of comparing the times taken to do so, in response to recent claims that transfers take too long for savers
September 2023
Matthew Swynnerton and Megan Sumpster discuss the court ruling on the BBC scheme’s amendment power
September 2023
James Fouracre explains the new status quo for DC pension portfolios
September 2023
Pension Protection Fund (PPF) CEO, Oliver Morley, chats with Sophie Smith about the lifeboat fund’s recent funding improvements, and the future role that the PPF could play in efforts to reshape the pensions universe
September 2023
Laura Blows hears the industry’s opinions for and against private-sector DB schemes potentially having a resurgence in popularity with employers
September 2023
Institute & Faculty of Actuaries (IFoA) senior review actuary, David Gordon, reveals that actuaries don’t always articulate objectives to their corporate clients
September 2023
Nora Stolz explains what impact the Female Forum’s recent industry network, The Pension Chapter, hopes to have, and its aim to foster strategic connections and industry collaboration within the UK pensions industry
September 2023
Hoffman Reed’s Pensions Salary Guide 2023 considers what might be impacting the salaries of a range of pensions roles
September 2023
Sam Meadows considers the power and influence the pensions industry has in the fight against climate change
September 2023
Multi-asset funds, as the name suggests, are designed to hold a variety of different asset classes, including equities, bonds, real estate and more, finds Sandra Haurant
September 2023
Earlier this year, Standard Life concluded an £80 million bulk purchase annuity transaction with the MGM Assurance Staff Pension Plan, with XPS Pensions Group acting as the lead adviser to the trustee. Francesca Fabrizi speaks to Standard Life senior business development manager, Rhian Littlewood, and XPS Pensions Group partner, Ash Williams, about the different stages of the transaction
September 2023
The pensions industry is a key target for cyber criminals, so what can providers do to protect themselves and what should they do if they fall victim to a data breach?
September 2023
In the latest Pensions Age focus on scams, David Adams looks at the extent and effectiveness of collaborative efforts, both within and beyond the pensions industry, to take the fight to the scammers
September 2023
Sophie Smith looks at the stigma that can surround working while ill, and the support the pensions industry can provide staff during challenging times
September 2023
The pensions sector remains the preserve of those from higher socio-economic backgrounds, despite equivalent professions working to improve greater diversity in recent years. However, efforts to attract, and retain, people from lower socio-economic backgrounds are starting to increase, finds Laura Blows
September 2023
Gill Wadsworth reflects on the important role pension funds have in protecting biodiversity, and why it matters today and into the future
July/August 2023
Sandra Haurant considers the growing appeal of social bonds and the role they can play within pension fund portfolios
July/August 2023
Laura Blows considers why, and how, pension schemes should overcome concerns about sustainable investing within emerging markets, and how to factor ESG considerations within EM investments
July/August 2023
As DB funding levels remain strong, Sophie Smith considers how employers and trustees can unlock the benefits of current surpluses and potentially boost DC savings
July/August 2023
Laura Blows hears the devastating impact the Ark pensions scandal continues to have on Sue Flood, and how this experience has motivated her to work with the government and the pensions industry to become a ‘victims’ champion’
July/August 2023
As the UK’s pensions dashboards project continues to slowly gestate, there are plenty of lessons to be learned from other countries, finds Maggie Williams
July/August 2023
Pensions Dashboards Programme (PDP) principal, Chris Curry, sits down with Sophie Smith in the first interview since the dashboards reset to discuss the recent ministerial update and respond to industry concerns
July/August 2023
Pensions Age asks the industry for its tips for tailoring pensions communications to neurodiverse people
July/Agust 2023
West Yorkshire Pension Fund assistant director of finance, administration and governance, Yunus Gajra, reflects on how best to manage the challenges that come with administering billions of pounds of pension fund savings
July/August 2023
Amid widespread protests, the French government has pushed through pension reforms, including a particularly unpopular increase in the state pension age. Jack Gray discusses the story so far
July/August 2023
Jack Gray reports on the latest Global Pensions Assets Study and the findings that make for grim reading for the UK pension market
July/August 2023
Can slow-moving DC reform finally catch up with financial reality and futureproof pension saving? Marek Handzel finds out
July/August 2023
UK pension schemes may have felt a long way removed from the recent turmoil in US banking, but the knock-on effects have been felt much closer to home, Nick Reeve reports
July/August 2023
ITM’s Andrew Lowe provides a guide for schemes to kickstart GMP equalisation
July/August 2023
Abigail Williams explores how cashflow-driven investment strategies are used in pension portfolios and how this may be evolving
June 2023
Jon Exley and Mike Burdett reveal how to unlock greater certainty with a unified investment approach
June 2023
Following the LDI turmoil at the end of 2022, The Pensions Regulator has published new guidelines for LDI. We take a look at the role of LDI, and how its strategies have shifted in the wake of last year’s crisis
June 2023
Jack Gray sits down with Pensions Policy Institute (PPI) head of policy research, Daniela Silcock, to explore the primary issues affecting the UK pensions landscape and the work the PPI is doing to help address these challenges
June 2023
Moving to a new consultant/provider can be a challenging time. Therefore, Pensions Age looks at the optimal processes to implement before, during and after the move to ensure a smooth transition
June 2023
As key persons within the management of pension schemes are worth their weight in gold, Pensions Age considers four important aspects to help retain staff – flexibility, communication, career progression and perks
June 2023
With the ethnicity gender gap continuing to be an issue in the UK, Gill Wadsworth investigates what is being done and what steps can be taken to help close the gap
June 2023
Deciding to move from a workplace scheme to a retail pension needs careful consideration, finds Maggie Williams
June 2023
Pensions Age rounds up advice for how best to protect members against scams throughout the entire pensions-saving process
June 2023
Amid the turmoil of 2022 and the growing regulatory burden on trustees, fiduciary management services for DB schemes continue to evolve. David Adams tracks developments in a growing and changing market
June 2023
Aon’s William Parry explores why using an OCIO approach can help trustees achieve their investment goals
June 2023
Matthew Swynnerton looks at the regulator’s expectations in relation to LDI following the 2022 crisis
June 2023
How custodians have moved up the value chain and broadened the support and services they offer to pension schemes
June 2023
The new macroeconomic reality could test the classic DC balanced portfolio to breaking point
June 2023
Last year’s chaotic mini-Budget may have pushed UK pension schemes into surplus, but will it prompt them to seek buyouts with insurers? And if they do, what should they be considering?
June 2023
Is it time for employers to look for something new from a pension scheme, to make sure it can give their members what they need throughout retirement?
July-August 2023
The support that master trusts offer to members after they retire will become a crucial differentiator in the near future
May 2023
Donna Walsh considers how to help more people save enough for a financially secure retirement
May 2023
Lynn Strongin Dodds considers the role of fixed income within pension fund portfolios during the turbulent economic landscape
May 2023
Derek Steeden and Paul Jackson consider how pension schemes’ investment portfolios can respond to the changing economic environment
May 2023
Abigail Williams explores the effect of TCFD reporting on pension schemes
May 2023
With the 2022 mini-Budget storm behind us, schemes with all types of funding arrangements must pay attention to their goals. Crises and threats to funds may emerge differently in future and there is a lot to learn from
May 2023
In the autumn of 2022, the pensions market was rocked by the UK government’s mini-Budget. Now that the thunder has subsided, DB pension schemes are assessing ongoing risk – with some facing a difficult future
May 2023
Recent years have seen an increase in merger and acquisition activity within the pensions industry, among both pension providers and service providers. David Adams considers whether more M&A will mean more progress or more problems
May 2023
While a long-running debate seeks to compare and contrast passive and active investment strategies, both have an important role to play. We take a look at how these strategies work, how performance can be gauged, and why there is space for both in pension scheme portfolios
May 2023
RSA UK&I director of reward and pensions, Philip Exact, and Pension Insurance Corporation (PIC) head of origination structuring, Uzma Nazir, sit down with Jack Gray to discuss the RSA pension schemes’ record-breaking £6.5 billion buy-in with PIC
May 2023
Pensions Age asks the industry about the regulatory requirements to be managed in the creation of pensions dashboards
May 2023
There are a number of ambitious plans set to transform both DB and DC pensions, yet progress for some has stalled. Gill Wadsworth explores how well the government and regulators are making their way through the processes required to achieve their goals
May 2023
The rise in DC schemes moving into master trusts has been incredible in recent years. But what is driving that push and what should these schemes be looking at when preparing to move over?
May 2023
As trustee boards tackle new legislation and prepare for more on the horizon, Niamh Smith explores how trustees are ensuring schemes comply with regulation, despite the ongoing pace of regulatory change
May 2023
Following London Mayor Sadiq Khan’s requests for convicted murderer and former Met Police officer, Wayne Couzens’ pensions to be forfeited and for pension forfeiture rules to be strengthened, Matthew Swynnerton explains the current rules and regulations to be navigated in achieving these goals
May 2023
Laura Blows speaks to British Patient Capital CEO, Catherine Lewis La Torre, about the increasing efforts to encourage UK pension schemes to invest in venture capital, an asset class not traditionally considered for their portfolios, and the role this investment could play in driving the UK’s economic growth
May 2023
Should defined benefit scheme trustees and their sponsors award discretionary increases to pensioners? Maggie Williams explores the pros and cons
May 2023
Two years on from the Work and Pensions Committee’s recommendations around HMRC’s tax treatment of pension scam victims, Sophie Smith looks at the slow progress made and renewed calls for action
May 2023
Now that the pensions dashboards has been ‘reset’, Ross Milligan explains how best to use this extra time to prepare
May 2023
Pension Scams Industry Group (PSIG) chair, Margaret Snowdon, discusses the launch of the group’s Interim Practitioner Guide and the next steps in the fight to combat pension scams
April 2023
Although no one has claimed culpability for last year’s LDI liquidity crisis, the expectation of tighter regulation in a number of areas is doing its own job of dishing out indirect criticism
April 2023
Zuhair Mohammed separates the fact from the fiction following the recent gilt crisis and considers what’s next for the future of LDI
April 2023
Jack Gray sits down with MNOPF trustee chair, Rory Murphy, to discuss the scheme’s history, the process in deciding to move to a defined contribution master trust, and the recent switch from Ensign to Smart Pension
April 2023
Matthew Swynnerton explains PSIG’s newly published Interim Practitioner Guide
April 2023
Pension scheme providers are employing new methods of communications to educate their members of scamming risks, but further improvements are required to better protect retirement savings, finds Niamh Smith in our latest Pensions Age scams focus
April 2023
Maggie Williams explores the emerging trend of financial incentives being offered to transfer a pension to a retail offering and what this may mean for the industry
April 2023
Pensions Age examines the many recent reports of pensions undersaving across various segments of society
April 2023
The success of auto-enrolment means the number of small, deferred DC pots will multiply quickly over the coming decades, creating financial and administrative hazards for pension savers, providers and employers. David Adams asks whether an old idea – pot follows member – might provide a solution
April 2023
Sophie Smith chats to Work and Pensions Committee (WPC) chair, Stephen Timms, about the committee’s recent inquiries into saving for later life and its new focus on DB savings
April 2023
Jack Gray discusses the DWP’s proposed value for money framework and the key role employers will play in driving VFM for members
April 2023
Laura Blows looks back on the contrasting experiences within the fiduciary management industry following the 2022 LDI crisis
April 2023
Sandra Haurant looks at the opportunities for pension funds to invest in infrastructure
April 2023
Following recent calls for the government to require UK pension funds to support UK growth, the Budget announcement to support DC investment into “innovative UK companies” and to encourage LGPS funds to consider investments in illiquid assets, and the FCA granting regulatory approval for the UK’s first Long-Term Asset Fund, Pensions Age asks: What ‘moral or ethical duty’ should UK pensions funds have to support UK growth?
April 2023
Sophie Smith takes a closer look at industry efforts to manage social investment factors, and how this could tie in with recent calls for pension schemes to invest more in the UK economy
April 2023
Climate change, fair and equal pay, diversity and health are just some of the key issues on the agenda for investors this AGM season. Pensions Age asked two key bodies, ShareAction and the Investment Association, for their thoughts
April 2023
A closer look at the recent changes to the NHS Pension Scheme, the impact of wider pension tax changes on the NHS, and the concerns that remain
April 2023
Rosie Fantom looks at recent developments within the bulk annuity market
April 2023
Former Secretary of State for Work and Pensions, Chloe Smith, considers how state pension age reform should be a profound debate
April2023
Donna Walsh considers how to support members with rising costs and fulfilling The Pensions Regulator’s guidance
18/04/2023
Donna Walsh considers how to support members with rising costs and fulfilling The Pensions
Regulator guidance
Regulator guidance
April 2023
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
Time for CDI
Laura Blows speaks to AXA Investment Managers (AXA IM) senior portfolio manager for fixed income, Rob Price, about cashflow-driven investing (CDI) in Pensions Age’s latest video interview
Closing the gender pension gap
Laura Blows discusses the gender pension gap with Scottish Widows head of workplace strategic relationships, Jill Henderson, in our latest Pensions Age video interview
Keeping on track
In the latest Pensions Age podcast, Sophie Smith talks to Pensions Dashboards Programme (PDP) principal, Chris Curry, about the latest pensions dashboards developments, and the work still needed to stay on track
Building investments in a DC world
In the latest Pensions Age podcast, Sophie Smith talks to USS Investment Management’s head of investment product management, Naomi Clark, about the USS’ DC investments and its journey into private markets
© 2019 Perspective Publishing Privacy & Cookies