Pensions Arena October 2018
Why work hand in glove?
Funding valuations have often been a source of conflict between companies and trustees. However, a growing number of companies are finding that working hand in glove with their trustees not only means a smoother valuation process but also leads to more effective funding and investment decisions.
In this Pensions Arena, which summarises our June 2018 Pensions Perspective, we explain why this often makes good sense from the sponsor’s perspective.
And, of course, October’s Pensions Arena contains all the usual financial and investment analysis for the quarter ending 30 September 2018, presented in the BAC Dashboard.
News for week ending 7 September
In the news this week, the DWP has announced a consultation with the potential to transform the UK pensions landscape, the CJEU has made a landmark ruling for PPF compensation and Melrose is contributing £270 million to the GKN pension schemes.
Pensions Arena July 2018
Tales of the Unexpected
DB pension schemes are inherently long-term in nature: the last child’s pension arising from America’s civil war is still being paid, 150 years after the war ended! This long-term nature is fundamental to how they are managed but what happens when the life of a scheme is cut short unexpectedly?
In this quarter’s Arena article, “Tales of the Unexpected”, we look at some of the ways in which sudden and unexpected short-term developments can cause issues for a scheme which is being managed in a traditional long-term way. Our focus is on practical steps that can be taken now to prevent problems in the future.
And, of course, July’s Pensions Arena contains all the usual financial and investment analysis for the quarter ending 30 June 2018, presented in the BAC Dashboard.
News for week ending 16 March
In this week’s news, the High Court dismisses pension concerns over Barclays’ ring-fencing plans, two water companies face strike action over pension changes whilst the Spring statement avoids pensions altogether.
‘Plus ça change…’ (Pensions Arena January 2018)
Plus ça change, plus c’est la même chose
2017 was a year of great turbulence, both politically and economically, in the UK. And yet, from the perspective of those responsible for funding DB pension liabilities, surprisingly little seems to have changed. This quarter, our Arena article “Plus ça change, plus c’est la même chose” takes a wry look back at some of the things that didn’t happen in quite the way that was expected over 2017, before taking stock of where this leaves us as we peer into the uncertainties of 2018.
BAC Pensions Arena also includes a summary of the key legislative developments and company pensions news for the quarter October – December 2017. Our Almanac gives suggestions for governance and corporate actions under current market conditions. And, of course, all the usual financial and investment analysis for the quarter ending 31 December 2017 is presented in the BAC Dashboard.