Tesco to close its pension scheme
Ros discusses the potential closure of Tesco pension scheme and points to the impact of low bond yields on pensions
Tesco pensions damaged by low bond yields – what should Regulator do?
Stockmarketwire highlights Ros’ views on how the Tesco pension scheme deficit has been damaged short-term by QE and low bond yields and explores the issues facing the Pensions Regulator and trustees when assessing deficit repair contirbutions and timescale
Sharp rise in Tesco pension deficit requires sensitive handling
Ros comments on recent reports that Tesco pension deficit has risen sharply, and explains that this is partly due to ultra-low bond yields that have resulted from QE. The Pensions Regulator needs to balance the long term interests of the pension scheme and the short-term interests of the business when deciding on deficit repair contribution demands
StockMarketWire GPG ordered to put member interests above shareholder cash
StockMarketWire wrote about Ros’ support for the UK Pensions Regulator to prevent GPG Group from paying out too much cash to shareholders while it remains responsible for schemes with large deficits
Regulator is right to put member interests above shareholder cash
Ros welcomes the decision by the UK Pensions Regulator to prevent GPG Group from paying out too much cash to shareholders while it remains responsible for schemes with large deficits
Bank of England pays 50% of salary in staff pensions
Ros comments on the Bank of England�s Pension Fund annual report, showing a contribution rate of over 50%, an asset allocation entirely in bonds and workers who do not have to pay a penny into their scheme even under auto-enrolment.
We need more collaboration between public pension funds
PensionFundsOnline highlights Ros’ call for closer collaboration between public sector pension funds to benefit from economies of scale.
The Changing World of Pensions
Ros gave the keynote address at the London Pensions Fund Authority annual members’ forum explaining changes that are underway for UK pensions.
Transfers from Defined Benefit to Defined Contribution can help scheme funding
Ros responded to the Treasury consultation on allowing DB to DC transfers and why this can help scheme funding – as long as proper safeguards are put in place to protect both those who might want to transfer and those who remain in the scheme.
Collective Defined Contribution – why is is right to allow CDC but beware of over-hyping benefits
Ros explains why the Government is right to permit the development of Collective DC schemes in the UK and explains their potential advantages and drawbacks. She highlights some of the risks, but they are better for employers than DB and likely to be better for members than pure DC