Monthly Archives: January 2016

Pensions Arena January 2016

mountain view small

January’s Pensions Arena contains all the usual financial and investment analysis for the quarter ending 31 December 2015, presented in the BAC Dashboard.

2016 has arrived but trustees, sponsors and advisers are still grappling with the twin challenges of volatile equity markets and stubbornly low gilt yields. In our editorial this quarter, we consider the key questions which pension schemes face:

• will traditional “growth” assets deliver good long term returns and how rocky will the ride be in the meantime?

• will gilt yields revert and if so by how much and when?

The short answer to both questions is no one knows (and if they did they wouldn’t tell anyone!) However, if you talk to investment advisers, there are some common themes which provide insight into what may lie ahead.

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News for week ending 22 January

Speculation runs rife that the Budget will announce a flat rate of pension tax relief, whilst the Chancellor announces plans to cap excessive early exit penalties.

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News for week ending 15 January

State pensions are under the spotlight, whilst the possibility of industrial action over DB closure at United Utilities draws nearer.

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News for 19 December 2015 – 8 January 2016

The latest FCA data gives an indication of DC member behaviour at retirement, whilst Aviva transacts two £300 million bulk annuity transactions.

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