Two-thirds of retirees leave investments alone despite volatility |
Two-thirds of retirees leave investments alone despite volatility |
AEGON |
21 Nov 2018 | United Kingdom | Advisers, Annuities and Income Drawdown, Investment - Management |
Research from Aegon has found that whilst retirees are concerned about recent market volatility, they are refraining from changing the investment policies of their drawdown products. According to the findings, 52% of retirement age adults said they had not decreased their rate of drawdown withdrawal as a consequence, although 11% said they were reassessing their investment strategies.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Nov 2018 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
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Nearly 90% of public pension savings exposed to global warming despite UN warning |
Nearly 90% of public pension savings exposed to global warming despite UN warning |
Asset Owners Disclosure Project |
23 Oct 2018 | United Kingdom | Investment - Ethical and SRI, Investment - General, Investment - Management |
According to research conducted by the Asset Owners Disclosure Project, only 13% of savings collectively managed by the world's 100 largest public pension funds have undergone formal assessment for exposure to climate-related risks. It is estimated that this leaves £7.5trn of savings unprotected from the economic risks associated with climate change and vulnerable to potential losses in the long term. The research also found that only 10% of the largest public pension funds have made formal pledges to align their priorities with the goals of the Paris Agreement, and that 85% of funds have no formal policy for excluding thermal coal.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Oct 2018 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
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Nationwide survey reveals LGPS Funds’ high levels of confidence |
Nationwide survey reveals LGPS Funds’ high levels of confidence |
Hymans Robertson |
18 Sep 2018 | United Kingdom | Accounting, Administration, Investment - Management, Investment - Performance, Local Government, Scheme Issues & Trends |
Hymans Robertson has published the results of the first ever nationwide survey of Committee and Local Pension Board members of the Local Government Pension Schemes. The survey received input from over half of all LGPS funds and asked participants to rate their confidence levels across eight key knowledge areas, including pensions governance, investment performance and risk management and pensions accounting and audit standards. The participants identified investment performance and risk management and committee role and pensions legislation as the two areas of their work in which they had the greatest confidence, with 91% of respondents feeling "mostly or completely confident" in the latter.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Sep 2018 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
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Transaction costs amongst large asset owners |
Transaction costs amongst large asset owners |
CEM Benchmarking |
Sep 2018 | United Kingdom | Administration, Investment - General, Investment - Management |
CEM Benchmarking has published the results of an in-depth study into the transaction costs incurred by 19 pension and sovereign wealth funds that are amongst the world's largest and most complex institutional investors, with combined assets worth over £2trn. The study found that for the average fund transaction costs account for 24% of total investment costs. It also highlighted a large range of transaction costs incurred by funds. The key reason for this variation identified by the report was asset mix, although it also suggested that other factors contributing to total transaction costs included assumptions, volumes and how much funds pay for transactions.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Sep 2018 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
271120947 | | Click here to contact the authors. |
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Pensions Buzz |
Pensions Buzz |
Professional Pensions |
30 Aug 2018 | United Kingdom | Administration, Industry Bodies (excl. Regulatory Bodies), Insolvency, Investment - Management, Pension Liberation, Regulatory Bodies (excl. tPR), Regulatory Bodies - the Pensions Regulator, Scheme Issues & Trends, Surpluses and Deficits |
Professional Pensions has published the latest edition of Pensions Buzz, a weekly survey which monitors the attitudes and opinions of the industry. This edition's questions include: - Do you agree with government proposals to potentially disqualify or fine directors which avoid pension obligations through pre-pack administrations or ‘phoenix’ companies?;
- The PLSA has reiterated calls for a mandatory authorisation regime for all pension schemes, starting with the smallest, to help avoid scams. Do you agree?;
- Should the mandatory tenders for fiduciary management proposed by the CMA be run on a closed or open basis?;
- The Pensions Regulator is encouraging DB schemes to match dividends with deficit repair contributions. Do you think this is right?; and
- Over half of DC asset managers will miss their cost disclosure deadlines, according to research by LCP. Should DC schemes remove a manager if they are unable to disclose transaction costs within a reasonable period of time?
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Aug 2018 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
DF111678F | | Click here to contact the authors. |
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OECD Annual Survey of Investment Regulation of Pension Funds 2018 |
OECD Annual Survey of Investment Regulation of Pension Funds |
Organisation for Economic Co-operation and Development (OECD) |
Jun 2018 | WORLDWIDE | Investment - Management, Worldwide News |
The Organisation for Economic Co-operation and Development (OECD) has published its "Annual Survey of Investment Regulation of Pension Funds" which describes the main quantitative investment regulations applied to pension funds in OECD and selected non-OECD countries as of December 2017. The information collected for the report concerns all forms of quantitative portfolio restrictions (minima and maxima) applied to pension funds at different legal levels (law, regulation, guidelines, etc).
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jun 2018 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
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Pensions Buzz |
Pensions Buzz |
Professional Pensions |
18 Apr 2018 | United Kingdom | Investment - Management, Local Government, Regulatory Bodies - the Pensions Regulator, Scheme Design (inc. DB & DC), Scheme Issues & Trends |
Professional Pensions has published the latest edition of Pensions Buzz, a weekly survey which monitors the attitudes and opinions of the industry. This edition's questions include: - To what extent will the new fiduciary management performance disclosure standard developed by IC Select improve tendering processes?;
- Do you think defined benefit 'superfund' consolidators will take off?;
- Do you think there will be further consolidation among the eight local government pension pools in years to come?;
- Should investment consultants and fiduciary managers be forced to be legally separate?; and
- Will TPR's 2018 funding statement materially impact the way valuations are carried out?
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Apr 2018 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
53109584F | | Click here to contact the authors. |
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Pensions Buzz |
Pensions Buzz |
Professional Pensions |
13 Feb 2018 | United Kingdom | Investment - General, Investment - Management, Regulatory Bodies - the Pensions Regulator, Savings, Scheme Design (inc. DB & DC), Trustees |
Professional Pensions has published the latest edition of Pensions Buzz, a weekly survey which monitors the attitudes and opinions of the industry. This edition's questions include: - What is the maximum rate that average total DC contributions could rise to?;
- Are trustees too slow to act in removing investment managers if their performance is not consistent with scheme investment objectives?;
- Should The Pensions Regulator’s powers be applicable to events or actions occurring before the powers came into existence?;
- Will the Government’s response to the Taylor review of gig economy practices lead to improved pension savings for gig economy staff?; and
- Are investment strategies becoming too complex for the average MNT to comprehend without significant and expensive actuarial and legal advice?
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Feb 2018 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
AE1084744 | | Click here to contact the authors. |
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2017 KPMG UK Fiduciary Management Survey |
2017 KPMG UK Fiduciary Management Survey |
KPMG |
Nov 2017 | United Kingdom | Administration, Advisers, Investment - Management, Investment - Performance, Scheme Design (inc. DB & DC), Scheme Issues & Trends |
KPMG has published its Fiduciary Management Survey for 2017, which charts the increase in the number of UK DB pension schemes using fiduciary management. The survey found that around 14% of schemes now engage with a fiduciary manager, 87 more schemes than in 2016. The research also found that more organisations are now providing a wide range of different fiduciary management services.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Nov 2017 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
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Fiduciary Management Survey 2017 |
Fiduciary Management Survey 2017 |
Aon Hewitt |
6 Sep 2017 | United Kingdom | Advisers, Investment - General, Investment - Management, Scheme Issues & Trends, Trustees |
Aon Hewitt's eighth survey on the fiduciary management of DB pension schemes has revealed that 48% of schemes now have some form of fiduciary management, compared to 45% in 2016. The survey also showed 'investment expertise' was cited by 51% of respondents as a key advantage of fiduciary management.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Sep 2017 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
831059627 | | Click here to contact the authors. |
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Final Salary Pension Members Don't Want to Lose Guaranteed Income |
Final Salary Pension Members Don't Want to Lose Guaranteed Income |
Prudential |
26 Jun 2017 | United Kingdom | Transfers, Scheme Design (inc. DB & DC), Pensioners & Retirement, Investment - Management, Advisers |
Analysis by Prudential has revealed that final salary pension scheme members are cautious about moving their benefits to DC schemes because they fear making a mistake in transferring as well as losing the guaranteed retirement income. Of the 1,047 DB scheme members asked, 81% have not considered transferring out of the guaranteed income for life, with 29% giving their reason as not wanting to make a mistake.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jun 2017 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
46104758B | | Click here to contact the authors. |
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Pensions Buzz |
Pensions Buzz |
Professional Pensions |
17 May 2017 | United Kingdom | Technology & Systems, Scheme Design (inc. DB & DC), Investment - Management, Investment - General |
Professional Pensions has published the latest edition of Pensions Buzz, a weekly survey which monitors the attitudes and opinions of the industry. This edition's questions include: - Do you believe alternatives to CPI and RPI inflation measures should be developed for schemes?;
- Is your scheme or the scheme(s) you work with reviewing cyber security in light of the WannaCry virus attack?;
- Should it become mandatory for a scheme to appoint a pensions lawyer?;
- Do you think the Government's Green Paper will change the way DB schemes are run?; and
- Should the Government limit how much investment risk NEST can take?
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> May 2017 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
AE1042BC | | Click here to contact the authors. |
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Investment funds are lacking independent governance |
LCP fund governance survey report |
Lane Clark & Peacock (LCP) |
May 2017 | United Kingdom | Investment - Management, Corporate Governance, Administration |
According to Lane Clark & Peacock's survey of the governance arrangements for the investment funds used by its clients, 56% of the UK funds did not have any independent Directors.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> May 2017 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
BA10412E | | Click here to contact the authors. |
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Adapting to an uncertain world - Trustee Barometer |
Trustee Barometer - January 2017 |
Hymans Robertson |
30 Jan 2017 | United Kingdom | Trustees, Scheme Design (inc. DB & DC), Investment - Management |
Hymans Robertson's annual Trustee Barometer has revealed that only 1% of trustees look at the probability of paying their members' pensions as a key measure. The survey also found that 57% of trustees said that having a fully integrated approach to funding remains one of the biggest challenges.
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jan 2017 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
9110235A | | Click here to contact the authors. |
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Pensions Buzz |
Pensions Buzz |
Professional Pensions |
23 Nov 2016 | United Kingdom | Savings, Investment - Performance, Investment - Management, Investment - Ethical and SRI, Advisers, Trustees |
Professional Pensions has published the latest edition of Pensions Buzz, a weekly survey which monitors the attitudes and opinions of the industry. This week's questions include: - If Donald Trump pulls the US out of the Paris Agreement on climate change would this make it harder for UK pension funds to pursue ESG investments?;
- What is the biggest barrier that prevents trustees changing their investment consultants more often?;
- Should the pensions industry start using more emotion-based rather than fact-based communications to encourage more saving?;
- Would greater Government intervention in the investment consultant market improve outcomes for members?; and
- Do you think corporate pension consultants are worth their fees?
More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Nov 2016 or click here (this link will not work in all circumstances). For further information about Perspective click here. |
161013CF | | Click here to contact the authors. |
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