Comment

After a marathon 45 years, Pensions World ceases publication this month. Editor Stephanie Hawthorne bids it a fond farewell

Analysis

Factor investing, or smart beta, has grown dramatically, but produces inconsistent results, explains Anthony Hilton, Evening Standard

The past was definitely another country – especially as regards pensions, reminisces Robin Ellison, Pinsent Masons

The qualifying number of years for a state pension might need to increase by as much as ten years, reports Ceri Jones, financial journalist

Features

The UK lags Europe in its readiness for an ageing population, explains Patrick Connolly, Chase de Vere
 

A panel of experts chaired by editor Stephanie Hawthorne give their reactions to the DB Green Paper and the DB crisis. Ceri Jones reports

The auto-enrolment review needs bold outcomes to build on success, insists Duncan Howorth, Smart Pension

 

Paul McGlone, Aon Hewitt, on why giving up the link between liabilities and gilts is not as simple as it sounds

Philip Audaer, Lane Clark & Peacock, on the challenge of achieving adequacy in retirement – and the power of negative thinking

Investment brief

Factor investing, or smart beta, has grown dramatically, but produces inconsistent results, explains Anthony Hilton, Evening Standard

Debrief

Defined contribution has come of age, says Richard Sweetman, Willis Towers Watson

Survey

High profile collapses mean that a strong employer covenant and the role of the trustee are more crucial than ever, warns editor Stephanie Hawthorne

Events

Conference diary

5 Apr–10 May
Aon: Pensions in an uncertain world:
Edinburgh, 5 April, Leeds, 26 April, London, 10 May
ukevents@aonhewitt.com
11 May
PMI annual conference, London
pmi-update@pensions-pmi.co.uk
23–24 May
Pensions, insurance and savings, Paris
http://international-pensions-workshop...

PLSA update

PLSA - April 2017

News

A roundup of recent worldwide news and developments in the pensions arena, by Anne Bennett, Mercer

This year the Pensions Regulator estimates that there could be as many as 800,000 employers due to meet their auto-enrolment duties. That is about a 50% increase on last year and could mean up to 2,000 employers setting up a scheme every single day.

There will be lots of different things to consider when the new wave of employers set about choosing their scheme: ease of use, investment...

PMI awards

Mike Abrams of Smiths Pensions and Frank Field, Labour MP for Birkenhead, are the winners of this year’s prestigious Pensions Management Institute Awards.

www.pensions-pmi.org.uk

Lifetime ISAs set to launch this month

Lifetime ISAs, which launch this month, look set to be used as an alternative form of retirement saving by some and may represent competition for...

Full year 2016 volumes for pension buyins and buyouts (also known as bulk annuities) by UK pension plans totalled £10.2bn, according to LCP. This includes the £1.2bn buyin by Phoenix Life with its own UK pension plan that has been announced today and is the largest single transaction over 2016.

Legal & General and Pension Insurance Corporation (PIC) wrote the largest volumes of...

Up to half a million low paid workers will soon be at risk of missing out on tax relief on their workplace pension contributions according to a Royal London estimate. The figures are based on a Government document which reveals for the first time the number of workers who earn more than the earnings trigger for automatic enrolment (£10,000) but less than the income tax threshold (£11,500 in...

Philip Hammond’s March 2017 Budget was short of spectacular announcements: pensions tax relief was left alone for now as were limits on the lifetime allowance, annual allowance and the tapering annual allowance but these may be revisited in the autumn. The cut in the money purchase annual allowance (MPAA) from £10,000 to £4,000 was confirmed despite huge opposition from the pensions industry....

Applications for the government’s State Pension top up scheme close on 5 April 2017.

It is a government scheme that allows you to boost your retirement income by between £1 and £25 a week in exchange for a lump sum payment. To take advantage of this scheme you will need to be entitled to a UK State Pension and have reached State Pension age on or before 6 April 2016 – that’s men born...

April 2017

End of an era: 1972-2017