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CONTENTS


DC DEBATE: HOW TECH CAN HELP DELIVER MORE PERSONALISED PRODUCTS PAGES 34-39


28 DC Spotlight Electricity plan triumphs in Aegon charges case Trustees of the Electricity North West Scheme have succeeded in demanding Aegon reduces its fund charges for DCmembers after comparing the company’s fees against other investment providers in themarket.


30 Administration Britvic reaches interim deal on CPI/RPI linking The soft drinks manufacturer receives approval for an interim arrangement, while a court deliberates its application to change the basis of its pension increases from the RPI to the less generous CPI. Stephanie Hawthorne finds that the government might finally end the ‘rules lottery’ in controversial fashion.


32 Administration Public sector schemes face £102bn gap in next 10 years Unfunded public sector pension schemes could be hit with a shortfall of up to £102bn in the next 10 years if the government’s GDP expectations are not achieved, reports Maria Espadinha.


Editor Angus Peters


Deputy editor Sophia Imeson


Reporter Victoria Tichá


Contributors Stephanie Hawthorne, Maria


Data Crunch


40 Pension deficit red flags could shake investor confidence A sizeable pension deficit can have a detrimental impact on a company’s share price.


42 Should plans take a leaf from insurers’ books? Experts say it makes sense for schemes to make use of greater freedoms on credit risk.


43 Greater platform use will open up alts to smaller schemes Jonathan Libre says DB schemes are turning to alternative asset classes as a source of reliable income.


44


Global roundup Swedish state pension fund fires chief


45 Profile UK needs to step up pensions provision LCP senior partner Bob Scott (left) reflects on the improvements made to pensions over his nearly 40 years at the company. He urges the pensions industry to stop blaming consumers for their retirement decisions and renew the search for an alternative to the annuity.


46 Noticeboard Key industry dates and events for 2019


For pensions news and analysis as the stories break, plus daily news alerts, visit pensions-expert.com


4 Espadinha, Jem Bartholomew


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Production editors John McDonald, Karen Goodchild


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