Mercer, a business of Marsh McLennan and a global leader in redefining the world of work, reshaping retirement and investment outcomes, and unlocking real health and well-being, today announced that it reached an agreement to acquire Cardano in the UK and Netherlands. Read more here.
The UK General Election will take place on July 4th. We share our reaction and expectations on fiscal and monetary policy, as well as what this will mean from a UK pensions policy perspective.
On 9th May, the Bank of England’s Monetary Policy Committee again voted to maintain interest rates at 5.25%. Notably, the vote was split (7 to 2) with a minority of MPC members voting for a rate cut to 5.00%. Read our thoughts here on the latest decision and the updated economic forecasts.
Cardano, the investment management and advisory business, today announces the appointment of Guinevere Taylor to the new role of Head of Local Government Pension Scheme (LGPS) Relationships. Read more here.
The measures that the Department for Work & Pensions (DWP) and the Government are proposing would “open up” the DB market and make other options more achievable. Read our thoughts on the Options for Defined Benefit consultation here.
Our view is that the Statement of Strategy is predominantly a risk filter tool for TPR, rather than a risk management tool for trustees. We are concerned that in some areas, the Statement of Strategy asks for more than trustees might otherwise consider, and in other areas, the information required falls short of best practice and we have concerns that trustees may believe they are adequately assessing covenant when all they are doing is providing TPR with data. Read our response to The Pensions Regulator’s consultation here.
The Bank of Japan ended its 8-year regime of negative interest rates, abolished yield curve control (YCC), and phased out purchases of risk assets. David Goldberg, Investment Strategist, gives his thoughts on the market outlook and what the shift in policy means here.
Trustees of the Debenhams Retirement Scheme have agreed to enter into a superfund deal with Clara Pensions. Judith Anunda, Head of Alternative Solutions, shares her comments here.
Today, 6th March, the Chancellor delivered the Spring Budget. Commenting on the latest economic forecasts and the impact on companies with defined benefit pension schemes, Shweta Singh, our Chief Economist, and Nick Gibson, Managing Director, comment.
Cardano sponsored Professional Pension’s Key Themes 2024 session. Watch the session on demand as Adolfo Aponte and Jon Loach share top tips for schemes looking to navigate an increasingly busy market.
