Low yields, pressure on DB pension schemes to manage liabilities and the introduction of auto-enrolment mean advisors face complex pension investment decisions. Using financial modelling tools, advisors can enable firms to deliver pension advice which is objectively matched to client needs.

Many household names have announced major reductions to their pension benefits. The reasons for these changes include pension scheme deficits, increasing risk exposures and the need to cut costs. This article provides strategic advice to business on how to implement pension benefit redesigns.

2011 was a turbulent year where the benefit to pension schemes of hedging interest rate and inflation risk was plain to see in a volatile market. KPMG gauged the appetite and usage of LDI in the UK pensions market through its survey of the investment manager community.

Many investors entering the retirement ‘transition zone’, must use their accumulated savings to fund retirement income, but conditions mean many are looking beyond conventional annuities. In this article we use a case study to understand the key trade-offs: income, bequest and sustainability.

With pension schemes in deficit and employers under pressure, trustees will be on the look-out for negligence from solicitors. Neil Smith and Peter Maguire report