DB & DeriskingRSS

STV agrees new £127m DB funding package

On the go: Scottish broadcaster STV has agreed to pay off its £127m defined benefit pension deficit over 12 years, including additional contributions if its cash flow improves, after completing triennial valuations of its schemes.

How to set up a back-up plan in case your scheme goes down

What to do when your scheme sinks

It is an inconvenient truth that despite the improving fortunes of the UK DB sector, sponsors will fail and leave schemes stranded. Too often, trustees' lack of contingency planning leaves members in the lurch when an employer becomes insolvent, leading the Pension Protection Fund to issue guidance to schemes on how to prepare for the worst.

Government releases guidance on GMP equalisation

On the go: The Department for Work and Pensions has set out a 10-stage process for UK pension schemes to equalise guaranteed minimum pensions.

Select committee turns focus to Railways Pension Scheme deficit

Source: Getty Images

The Work and Pensions Committee has written to the Pensions Regulator over what it called the “staggering, parlous state” of the £25.5bn Railways Pension Scheme.

NHS staff get cash instead of contributions options

On the go: Doctors at risk of being caught by the tapered annual allowance will reportedly be offered cash instead of an employer contribution under new plans to reverse the trend for doctors retiring early.

Field: Sir Philip Green up to 'old tricks again' with Arcadia

On the go: The Work and Pensions Committee has condemned proposals to cut deficit recovery funding for the Arcadia pension schemes.

Fiduciary managers struggle in 2018’s testing markets

On the go: Fiduciary managers significantly undershot their targets in 2018, with underperformance ranging from 6 per cent to more than 11 per cent, according to the first XPS FM Watch report.

Higher pension costs could see 57 schools closing

On the go: Fifty-seven independent schools could close because of the £1.1bn rise in the employers’ contribution to the Teachers’ Pension Scheme from September 1 2019, with a further 185 withdrawing from the scheme.

British Airways agrees settlement with APS

News On the Go

British Airways has finally agreed an out of court settlement with the trustees of the Airways Pensions Scheme.

Debenhams scheme survives pre-pack administration

On the go: Trustees of the Debenhams pension schemes have reassured members that they still have a sponsoring employer after the retailer went into a pre-pack administration on Tuesday.