Over three quarters (77%) of investment managers support the adoption of an industry standard ‘statement of voting principles’ according to Hymans Robertson in its latest Responsible Investment Stewardship Survey.
"It’s difficult to see how this 2.5 per cent change has substantially shifted the position of pensioner poverty when the threshold for this is 60 per cent of median household income."
Commenting on FCA’s launch of Its Driving Value for Money in pensions consultation, Laura Andrikopoulos, Head of Governance Consulting, Hymans Robertson, says:
A big rush by employers to move their DC occupational trust pension schemes to Master Trusts is expected as the UK begins to ease lockdown and employees return to work post-furlough, according to Hymans Robertson.
Many companies will welcome today’s guidance from the Regulator announcing the continued flexibility to suspend pension contributions. Although the immediate crisis is starting to pass and lockdown is beginning to be relaxed, recovery is unlikely to happen quickly.
Commenting on TPR’s new interim regime for emerging superfund pension market, Alistair Russell-Smith, Head of Corporate DB, Hymans Robertson, says:
Increased pension deficits are putting additional financial strain on many charities already financially struggling in the midst of COVID-19, claims Hymans Robertson.
Comments from Ryan Markham, Partner: “The FCA’s confirmation that contingent charging for advice will be banned, in all but limited circumstances of serious financial hardship or ill health is largely anticipated."
He will focus on growing the office’s Defined Benefit (DB) investment team to enable it to meet the increased demand for Hymans’ investment consultancy services both locally and across the UK.
The value of people’s DB pension outstrips average property value in the majority of areas of Britain, according to new analysis from Hymans Robertson.
Hymans Robertson has appointed Peter Summers to the new role of Head of Clients for Third Party Administration.
After dramatic falls in expected retirement income due to the COVID -19 market turmoil in March, people with DC pensions should already be seeing encouraging signs of a recovery.