Commenting on the need for consistency in how the pensions industry measures value in response to the FCA’s Value for Money in Pensions Consultation, closing today, Lee Hollingworth, Partner, Hymans Robertson, says:
Hymans Robertson, the leading pension and financial services consultancy, has cut the firm’s own staff Pension Plan’s carbon footprint by about 33%*, while delivering lower charges, by launching a new investment strategy for its default arrangement.
Covenant risk is far higher than many DB schemes realise, and members with B rated sponsors face a whopping 50% chance of a cut in benefits due to their sponsoring employer going insolvent before the pension scheme is fully funded on a buy-out basis, according to analysis by Hymans Robertson.
Simon joins the firm from the Body Shop, where he was Vice President of Digital covering the USA and Canada, based in New York. Prior to this he had a successful career in Australia and the UK where he specialised in digital strategy and delivery in roles working for firms such as Bupa, RSA and Saga.
Commenting on the impact on LGPS early retirement pensions of the Consultation on the reform of exit payments in local government announced today, Douglas Green, Partner, Hymans Robertson says:
Twelve leading investment consulting firms in the UK have established the Investment Consultants Sustainability Working Group, with the aim of seeking to improve sustainable investment practices across the investment industry.
Commenting on the implication in the FCA’s Advising on Pension Transfers consultation that providing personalised illustrations to show the conversion of a DB pension through a transfer value will be viewed as regulated advice, Ryan Markham, Partner and Head of Member Options, Hymans Robertson, says:
Commenting in response to The Pensions Regulator’s DB Funding Code consultation which closes today, Laura McLaren, Partner, Hymans Robertson, says:
Commenting on today’s announcement by the DWP of a consultation on climate risk – improving governance and reporting by occupational pensions schemes, Simon Jones, Head of Responsible Investment, Hymans Robertson, says:
Hymans Robertson’s National Knowledge Assessment has shown that understanding of topics that have traditionally been the focus of committees, such as investment and financial markets, is high amongst the LGPS, while knowledge of areas such as administration is lower.
Awareness of the two main commercial consolidators - The Pensions SuperFund and Clara-Pensions - has rocketed amongst DB pension trustees over the last year and started to influence long term objectives for DB schemes too, according to the annual Trustee Barometer research from Hymans Robertson.