Pensions Aspects Magazine
![Testing times](https://www.pensions-pmi.org.uk/media/kxaaprr1/pensions-aspects-july-august-2020-assets-pg-37.jpg?anchor=center&mode=crop&width=860&height=860&rnd=132397984348600000)
Testing times
The COVID-19 driven crash across return-seeking assets and subsequent bounce (at least at the time of writing), have provided a serious test of pension schemes’ investment strategies. The investment performance across Defined Benefit (DB) schemes has been mixed. As with any crisis – albeit we may still be in the early stages of this one – we can take away some useful lessons.
Read more![PMI GMP Webinar: grasp the nettle](https://www.pensions-pmi.org.uk/media/0umhgoqq/pensions-aspects-july-august-2020-assets-pg-40.jpg?anchor=center&mode=crop&width=820&height=820&rnd=132397984360970000)
PMI GMP Webinar: grasp the nettle
Here are the key takeaways from a PMI webinar on the prickly subject of GMP equalisation. Report by Stephanie Hawthorne
Read more![Qualifications in unprecedented times](https://www.pensions-pmi.org.uk/media/x1aoqjsy/page6_quals_jul2020.jpg?center=0.35304117817988268,0.49419197711004131&mode=crop&width=820&height=820&rnd=132405840530130000)
Qualifications in unprecedented times
When we look at strategic investment in a pensions setting, then this will obviously guide us down the avenue of product rather than person. However, education is fundamental to development and growth. Education is also a strategic investment in its own right. Simply put, investments in quality education lead to more rapid and sustainable economic growth, and development for both the individual organisation and the economy as a whole. I make no apology for the insistence that education in this form is ‘strategic investment’ but without this as a holistic back note then none of the normal organisational processes would matter or run efficiently.
Read more![A recap on RPI reform](https://www.pensions-pmi.org.uk/media/nvlcf2r3/pensions-aspects-july-august-2020-assets-pg-26.jpg?anchor=center&mode=crop&width=820&height=820&rnd=132397984420530000)
A recap on RPI reform
Earlier this year, the Government and the UK Statistics Authority (the UKSA) launched a consultation on proposals to address the ‘shortcomings’ in the Retail Prices Index (RPI). Responses to the consultation can be submitted until 21 August 2020, following an extension in light of COVID-19.
Read more![The Pension Schemes Bill 2020: clause 107 are we right to be concerned?](https://www.pensions-pmi.org.uk/media/nc3eq4dv/pensions-aspects-july-august-2020-assets-pg-32.jpg?center=0.36212728049654891,0.49419197711004131&mode=crop&width=820&height=820&rnd=132397993920670000)
The Pension Schemes Bill 2020: clause 107 are we right to be concerned?
A survey of our members revealed that 80% are concerned about the proposed criminal offences contained in section 107 of the Pension Schemes Bill. The survey also identified a small number of members who expressed a degree of unfamiliarity as to what Section 107 will mean in practice and this note includes a high level summary of the offences.
Read more![The Changing Landscape of Pensions and Master Trusts](https://www.pensions-pmi.org.uk/media/0rupwygx/pensions-aspects-july-august-2020-assets-pg-38.jpg?anchor=center&mode=crop&width=860&height=860&rnd=132397984353900000)
The Changing Landscape of Pensions and Master Trusts
The first essay in a series of six produced by the PMI’s Master Trust Innovation Workstream provides the background to the subsequent essays by setting out how we expect the market to look in five to ten years’ time.
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