Pádraig Floyd

1 week ago | pensions-expert.com | Pádraig Floyd

Bobby Riddaway, professional trustee and managing director at HS Trustees, has co-written an open letter with fellow trustee Natalie Waller warning that default strategies often ignore the wishes of savers and could undermine trust and widen an already sizeable “generational pensions gap”. While members cover every demographic group and hold very different priorities, they are rarely asked what they want their money to achieve, Riddaway and Waller said.

1 month ago | pensions-expert.com | Pádraig Floyd

But there’s no such thing as a Canadian pension fund model, according to Sebastien Betermier, executive director of the International Center for Pension Management. Speaking at the Pensions and Lifetime Savings Association’s Investment Conference in Edinburgh, Betermier said each fund was different with different target clients, making use of different operational structures. On the other hand, he explained that there were important similarities.

1 month ago | pensions-expert.com | Pádraig Floyd

Speaking in a session at the Pensions and Lifetime Savings Association’s (PLSA) Investment Conference in Edinburgh, Chris Lyon, head of DC at Goldman Sachs Asset Management, said that while the US market has helped consumers save decent sized pots, “there’s an increased focus on moving beyond the accumulation phase”. He said that “dramatically more” people should take advantage of insurance and other types of retirement income solution than currently do.

1 month ago | pensions-expert.com | Pádraig Floyd |Torsten Bell

While both costs and savings rates are important, the focus must be on returns, he said. “Celebrating the success of auto-enrolment can no longer be a substitute for answering the harder question,” said Bell. The government’s view was that “scale does matter” and it wants wants to see “fewer, bigger, better pension schemes”.

Dec 3, 2024 | pensions-expert.com | Pádraig Floyd

The Trustee Sustainability Working Group, which initially consists of 11 members, acknowledged in a launch statement that regulation has raised awareness of sustainability and on climate change in particular. However, the group said too much emphasis on low-level reporting wastes time and resources on box-ticking exercises that would be better spent furthering the transition towards a low carbon economy.