Tesco succumbs to DB burden, schemes urged to monitor covenants

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Loss-making supermarket giant Tesco took a further step towards ending its defined benefit provision this week, as it began formal discussions to close to new members and future accrual. 

NAPF call for pension commission wins support, practical barriers remain

Industry experts have backed the National Association of Pension Funds’ call for a long-term plan to protect savers’ interests, but question the viability of extricating pensions from politics.

Battle of growth v consolidation in DC market

Pension providers should cut costs by close to a third to capitalise on opportunities in the UK’s defined contribution market, a white paper has said, but consultants questioned the potential for new market entrants.

Are you an informed investor?

Any other business: Following a romp to all-time highs the FTSE 100 stuttered last week, with slips by multinationals and financials. More than ever, trustees must be engaged investors to ensure scheme decisions deliver good outcomes.

Manx Telecom calls time on DB, offers suite of DC options

Manx Telecom softens DB closure with DC options

Communication company Manx Telecom eased the closure of its defined benefit scheme last year by providing members with a range of alternative defined contribution options, alongside a sharesave scheme.

DB-DC proposals trigger benefit questions

The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.

Comment & Analysis

How trustees can tackle those 3am woes

Bath Actuarial's Leonard Bowman discusses the nightmares that can keep trustees awake at night – including succession planning, disaster recovery and making the best use of 'trusted advisers' – and suggests some useful remedies. 

Pot-follows-member: how it could work

Aries' Ian Neale gives a snapshot of where the small-pot consolidation project currently stands and points to where there could be further changes.

EU and workplace pensions: what now, where next?

Tony Hobman TEASER

Talking Head: Lincoln's Tony Hobman gives a snapshot of the current state of play with the European IORP directive – and says we may be in for a wait. 

Video

The Review: Poised for freedom but questions remain

Countdown to April part 3

Video: What unknowns remain on the cusp of April 6? National Association of Pension Funds' DC policy lead Richard Wilson, and partner at consultancy LCP Andy Cheseldine discuss what is left to do and how to manage expectations (5:36).

The Review: Why the DC charge cap will fall further

PE countdown 24.02 button

Video: Should the 0.75 per cent cap go lower? In part two of Countdown to April, Mark Futcher from Barnett Waddingham and LGIM's Emma Douglas explore how DC schemes are responding to reform (5:37).

The Review: 'Massive uptick' in larger DB funds exploring transfers

PE Review countdown – 26.01.15

Video: What effect are the flexibilities having beyond the world of DC? In the first of our three Countdown to April videos, JLT Employee Benefits' Mark Wood and Eversheds' Tim Smith explain how DB schemes are dealing with the knock-on effects of the reforms (6:08).

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