Pensions Aspects Magazine

Published bi-monthly and brought to you by the PMI, this leading UK pensions magazine offers expert insights, policy updates, and practical guidance on the issues shaping your profession. Each edition helps you stay informed and ahead, with the latest on regulation, governance, diversity, digital innovation, and more, plus member updates, exam news, and exclusive interviews.

The benefits of online learning with the PMI during lockdown
11 September 2020

The benefits of online learning with the PMI during lockdown

With the nation working from home, it has been a big change for most. Adapting to a new environment is never easy and adapting in a time like this feels even stranger.

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TPR continues to support trustees as they navigate the challenges ahead
17 July 2020

TPR continues to support trustees as they navigate the challenges ahead

We are continuing to listen and talk to trustees as they navigate these unprecedented times. 

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Don’t de-risk for the sake of it: the role of covenant in setting journey plans
17 July 2020

Don’t de-risk for the sake of it: the role of covenant in setting journey plans

High profile pension scandals and insolvencies, increasing select committee focus, and years of guidance from the Pensions Regulator (TPR) all point towards a regime of increased prudence in Defined Benefit (DB) pensions strategies. This new regulatory paradigm was meant to become reality in 2020 with a new funding Code of Practice from TPR backed up by increased powers from the Pension Schemes Bill. But the COVID-19 pandemic is now putting the industry in a difficult position.

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Hedging longevity: the implications for your investment strategy
17 July 2020

Hedging longevity: the implications for your investment strategy

Many pension schemes have managed their liability risks by hedging interest rate and inflation risks through a liability-driven investment (LDI) approach. As a result, longevity risk has grown in significance for many schemes.

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Cashflows, investment return, and risk management: how to juggle your needs without dropping the ball
17 July 2020

Cashflows, investment return, and risk management: how to juggle your needs without dropping the ball

The impact of COVID-19 means pension scheme funding levels have fallen, covenants have deteriorated, and liquidity requirements have increased. So, schemes need return, risk management and cash more than ever. Some investment strategies force trustees to choose between these competing needs. But meeting cashflow, return and risk objectives needn’t be a juggling act. In fact, combining segregated LDI with CDI is available today, irrespective of client size, simply as a smarter investment solution.

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Effective stewardship across asset classes
17 July 2020

Effective stewardship across asset classes

Responsible investment means more than avoiding harmful sectors and seeking out sustainable opportunities elsewhere. Active managers should use their influence as stewards of capital to encourage positive change through engagement and voting. With this in mind, we consider what effective stewardship means across the asset classes most appropriate to pension fund trustees.

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