Category: Investment
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I was kindly invited to speak about DC reform at the Association of Consulting Actuaries annual conference last week in Manchester. As I was putting my slides together I came across an interesting point which was that three recent DC policy reform strands overlap with each other in scheme investment in UK businesses and infrastructure.…
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I imagine that many of us greet news about DB scheme surplus extraction with “what does this mean? Is it dangerous? Surely taking money out of DB schemes is bad for members and an unfair treatment of their contributions?” At least, that’s what I thought at first. So I have done a little research in…
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Happy New Year! I hope you all had fabulous breaks! 😊 It seems appropriate that my first blog of 2025 looks at what might be coming up for pension schemes this year. Defined Contribution (DC) Schemes So much change is expected here! Alongside Value for Money (VFM) framework development, the government is looking at setting…
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I feel like the Government’s agenda around pension scheme investment is a bit confusing at the moment. On the one hand, there is the drive for DC schemes to invest more in illiquids, infrastructure and private markets generally. Then there is the added element that the Government believes a growing proportion of this needs to…
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The Government is frustrated at the slow pace of LGPS pooling. Since the eight LGPS pools were set up in 2015, the Government has been pushing for 100% pooling. However, as of March 2024, only 45% of LGPS assets are invested through pools (HMT, 2024). The level of pooling varies by Local Authority, in 2022…