Volatile investment returns for UK pension schemes

Whilst Brexit discussions have continued to occupy most of the available government and parliamentary time, 2018 did see a number of important pensions consultations following on from the publication of the White Paper earlier in the

Even if you have already retired you should check your plans are still on the right track and your pensions and investments will continue to provide enough income in the years ahead. The over 55s have

In this issue of XPS Pensions News, we take a step back from the Lloyds judgment and take a longer-term view of GMP equalisation. It has been a busy few weeks for trustees, sponsors and advisers

The CMA published its final report into the investment consulting (IC) and fiduciary management (FM) market on 12 December 2018. It found that there were adverse effects on competition in both markets and have set out

Pension transfer values as measured by the XPS Pensions Group Transfer Value Index fluctuated during November 2018, with an overall fall during the month. The index was £235,000 at the end of October and £230,000 at the

Steve Leake, Principal at XPS Pensions Group (LON:XPS), the UK specialist in pensions actuarial, investment and administration services, has been announced as the ‘2018 Pensions Actuary of the Year’ in the Actuarial Post Awards. Steve has

Podcast: The popularity of liability-driven investment strategies among defined benefit pension funds has increased over the years. In 2017, the total notional value of liabilities hedged by LDI strategies continued to grow, rising to £965bn from £904bn,

Ben Bramhall, co-CEO of XPS Pensions Group plc, commented: “This is the first reporting period that includes the Punter Southall acquisition for the duration of the period. The combined business has done well following the merger,

Eight out of 10 employers with DB schemes could be hit with additional cost in their next accounts because of pensions equalisation, a consultancy has warned. Employers will be hit with extra costs as they must reflect the

Since the launch of its 21st Century Trusteeship campaign in September 2017, the Pensions Regulator (TPR) has continued to focus on raising standards of governance and administration in defined contribution (DC) trust-based pension schemes. 12 months

The High Court judgment in the Lloyds case has confirmed overall pension benefits need to be adjusted to remove inequality in Guaranteed Minimum Pensions. This will mean higher benefits and increased costs for employers. While it

EU Member States have until 13 January 2019 to implement the IORP II Directive into national law. On 23 October 2018, the UK Government laid regulations before Parliament which will implement the Directive’s governance and cross-border

Defined benefit (DB) pension transfer values rose by more than 2% in October, according to the XPS Pensions Group transfer value index (TVI). The index started the month with its indicative transfer value standing at £230,000 before

Pension transfer values as measured by the XPS Pensions Group Transfer Value Index fluctuated during October 2018, with an overall rise during the month. The index was £230,000 at the end of September and £235,000 at

The Budget addressed the pensions dashboards, charge caps in DC default funds, and the cold calling ban, but made no changes to pensions taxation.

Motoring giant Ford has agreed to offer members of its UK defined benefit (DB) scheme the right to partially transfer their pension. The £12.9bn Ford pension scheme will implement a 50% cash equivalent transfer value, based