LGPS funds eye alternative credit opportunities in Q3

Bloomberg

Data crunch: Local Government Pension Scheme funds targeted new strategic asset allocations in the third quarter, with many schemes increasing investments in illiquid and alternative assets while reducing equity allocations.

Council to compensate member after persistently giving incorrect info

iStock

South Tyneside Council has been ordered to pay £2,000 in total by the Pensions Ombudsman to a former employee after it incorrectly told him he could defer claiming his pension benefits until age 75.

Weekly Roundup: You will be consolidated, resistance is futile

Getty Images

This week — Clara Pensions cleared to accept transfers, DWP proposals to remove DC charge cap, the continuation of McCloud, and TPR fines Ghanian ambassador

Govt to consult again on McCloud implementation in 2022

Fotoware

The Cabinet Office, Home Office, Department for Education and Ministry of Defence have each opened consultations into the first phase of the McCloud remedy, covering regulations that will see all legacy schemes close to future accrual from March 2022. However, new consultations on phase two of the remedy will be launched next year.

Clara Pensions to begin accepting transfers after TPR clearance

Flickr

The Pensions Regulator has cleared consolidator Clara Pensions to begin accepting transfers, opening up a new endgame option for defined benefit schemes.

Comment

Sponsor transactions – Are trustees under a false sense of security?

Hamish Reeves

Cardano Advisory’s director Hamish Reeves details how the new rules from the regulator will affect corporate transactions and explains what trustees should look out for in these deals.

How LDI strategies have evolved over the past 20 years

Anne-Marie Morris

Legal & General Investment Management’s Anne-Marie Morris details the evolution of liability-driven strategies, first launched 20 years ago with Boots, and how these have become an integral part in defined benefit scheme management.

The imperative of addressing the climate challenge in portfolios

Chris Rapley, Beverley Gower-Jones

University College London professor Chris Rapley and Clean Growth Fund managing partner Beverley Gower-Jones explain how pension schemes can play their part in keeping global warming to the 1.5C target.

Videos & Podcasts

McCloud costs dispute could damage members’ morale

Podcasts

Podcast: Hymans Robertson partner Michael Ambery and Quietroom co-founder Mark Scantlebury discuss McCloud, the statements season, and the evolution of member communications.

COP26: Key messages for trustees

Will Martindale

Video: As the ink dries on a landmark climate change deal struck between world leaders at COP26, Cardano’s group head of sustainability Will Martindale talks through the key events and outcomes of the conference that pension scheme trustees should be aware of.

Schemes’ trustees cannot ignore social factors risks

Podcasts

Podcast: Stefan Lundbergh, director at Cardano, and John Howchin, secretary-general of the Council on Ethics for Sweden’s national pension funds, discuss why socially aware investing is so important for pension funds of all sizes — and how trustees can go about taking action.

CPD

Regulations on governance and risk – the new normal

iStock

CPD: Paul Tinslay, professional trustee at Dalriada, details how the new governance requirements being introduced in the UK will affect schemes, and how trustees should start making their way in this area while waiting for the regulator’s new code of practice.

Torrent of fraud cases overwhelms FCF’s finances

iStock

CPD: As the number of cases of pensions fraud continues to rise, Stephanie Hawthorne looks how last year’s court ruling has led to a huge strain on the Fraud Compensation Fund’s reserves.

Raising the minimum pension age to 57: Trustee action list

Bloomberg

CPD: Norton Rose Fulbright partner Shane O’Reilly and senior knowledge lawyer Julia Chirnside detail the changes proposed by government to the normal minimum pension age, while urging trustees to start looking at the potential implications stemming from the new rules as soon as possible.