DB & DeriskingRSS

Public sector schemes facing £102bn gap in next 10 years

The sustainability of unfunded public sector pension schemes has been called into question by actuaries, with calculations pointing to a shortfall of £102bn in the next 10 years.

Slowdown in death rate in 2019 may increase DB liabilities

News On the Go

On the go: The relatively low number of deaths reported so far this year appears to buck the trend of stalling life expectancy improvements since 2011, an LCP report has highlighted.

Schemes still lagging on cyber security

Fotoware

A leading cyber-security expert says pension schemes are still behind the rest of the financial services sector in protecting members, despite increasing awareness and realism about the threat of online criminals.

Nest signs up to ‘Star’ initiative as Opperman urges others to join

News On the Go

On the go: Master trust Nest – one of the UK’s biggest pension schemes, with 8m members – has joined the pensions industry ‘Star’ initiative.

Britvic seeks court approval for RPI/CPI switch

Britvic teaser (Bloomberg)

Soft drinks manufacturer Britvic is the latest business to attempt to switch the basis for its defined benefit pension increases from the retail price index to the consumer price index, with other companies reputedly queuing up to take legal advice on this very point.

Fewer deaths in 2019 could increase DB liabilities

News On the Go

On the go: The mild UK winter could lead to an increase in pension scheme liabilities as 2019 to date has seen relatively few deaths, according to a firm of longevity specialists.

ONS miscalculates RPI for March and June

News On the Go

On the go: The Office for National Statistics has made an error in the retail prices index, leaving the figures for March and June this year 0.1 percentage points adrift. The possible impact of the mistake on the stock market led to the ONS publishing a statement outside of trading hours late on Thursday.

Cadbury completes £520m buy-in with Rothesay Life

News On the Go

On the go: The Cadbury Mondelēz Pension Fund has completed a £520m buy-in with Rothesay Life covering payments for 1,900 pensioners.

Fall in gilt yields drives transfer values to near record

News On the Go

On the go: The continuing fall in gilt yields is driving transfer values towards near record levels, according to XPS Pension Group.

LCP: Buyout deals more than double in 12 months to £34bn

News On the Go

On the go: The momentum in pension buy-ins and buyouts continues unabated, with a record £34bn of deals completed over the year to June 30 2019.