Posts by Matthew

Matthew Leathem

The past few weeks have seen many interesting changes in investment markets as they attempt to find a new level following Brexit. Pension Schemes should take this into account when reviewing their funding and investment strategies. In some cases it may be worthwhile to expedite your investment review, although as pointed out by my colleagues, this will only be in exceptional circumstances as pension scheme investments will be based over a very long horizon.

We will look at some of the major changes that have happened to markets since the EU referendum, consider how these will impact Defined Benefit (“DB”) schemes and provide ideas to help manage risks caused by the resulting market volatility over the coming months. Read more »

Matthew Leathem

Here we are, at the end of Q2 and Spence are pleased to be publishing our topical round up of developments over the last three months with time saving summaries, helpful links to papers and blogs and action points for Employers and Trustees to consider.  It’s an essential tool for Employers and Trustees who need to keep up to date with developments that affect them and their schemes.  Highlights for this quarter include:

  • A brief summary of George Osbornes 2016 Budget
  • An outline of the new Lifetime ISA
  • How might the Brexit Referendum affect schemes?
  • Notwithstanding Brexit what has been happening in Europe and what will it mean for schemes?
  • Important changes for Corporate trustees: Persons with Significant Control Regime

We love to get feedback and constructive criticism.  If you like what we do please tell us, it’s nice to get great feedback.  If you would like things included, excluded or done differently please drop us a line.  The report is to help you so help us tailor it to your needs.

Download your Quarterly Update here

Matthew Leathem

Nothing ever slows down in the world of pensions, from the launch of FRS102 to the end of contracting out, there’s a lot going on.

So, to help keep you in the loop we’ve been monitoring industry changes and trends from the last quarter and condensed the information into a snappy report for you to download. This update briefly summarises everything you need to know, and clearly sets out the actions you need to take. Saving you hours of scouring through multiple reports, press releases, blogs and articles.

Some key updates to keep an eye out for are:

  • A summary of the Chancellor’s Autumn Statement
  • How the upcoming changes to LTA and AA will affect you
  • An update on the effect of Pension freedoms so far and the introduction of a Secondary Annuity Market in the future
  • Changes to the PPF levy determination for 2016/2017

Download your Pension Quarterly Update here.

Matthew Leathem

Following the recent investigation by Friends of the Earth Scotland which found that the Scottish Parliament pension fund invests £3.2 million of its funds into tobacco, weapons and fossil fuels, I began to think about socially responsible investment and how it can impact pension funds.

I’ve always been quite sceptical about ethical investment for a number of reasons, mainly the question “What is ethical investment?”  It’s a very subjective question, and many people will draw a different line about what they consider to be ethical or unethical. Tobacco was one of the sectors mentioned by Friends of the Earth Scotland in their investigation; it’s easy to see how different people can be on either side of the argument. There’s also the issue that restricting investment in these sectors prevents a fund from investing in a number of well established and stable companies – it seems that this would be detrimental to the performance of the fund. However… Read more »

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