DB & DeriskingRSS

Tower Hamlets completes £700m equity protection strategy

On the go: The London Borough of Tower Hamlets Pension Fund has undertaken a £700m equity protection strategy with Schroders.

Government fires ‘starting gun’ on superfund deals

A government consultation published last week will allow the UK’s commercial defined benefit consolidators to press ahead with their first deals, it has been claimed, although some experts say questions remain over how the businesses can be prudently regulated.

Field calls for swift action from TPR on Johnston pre-pack

On the go: Chair of the Work and Pensions Committee, Frank Field MP, has written to the Pensions Regulator with serious concerns about the possible 'dumping' of pension liabilities using a pre-pack deal.

DWP expects superfunds to have 99% probability of success

On the go: The Department for Work and Pensions has outlined its thinking on the regulation of commercial defined benefit consolidation vehicles in a consultation, removing a major hurdle to scheme sign-up.

BT section must stick to RPI, Court of Appeal says

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BT has lost an appeal seeking to allow it to downgrade the inflation protection given to some of its defined benefit members.

Rentokil announces £1.5bn buyout with PIC

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Business services group Rentokil Initial has passed its £1.5bn of defined benefit liabilities to the Pension Insurance Corporation in a full buyout, adding to a record-breaking year for bulk annuity transactions.

Southern Water agrees higher DRCs after regulator investigation

Utility company Southern Water has agreed to pay significantly higher deficit repair contributions under a shorter recovery period, following an investigation by the Pensions Regulator.

Xerox MNT constituency opened up for all members

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The Xerox Pension Scheme has broadened its employed member constituency for member-nominated trustees to include all members, due to the dwindling number of members who are employed by Xerox.

Govt and scheme decision-makers told to tread with caution on CDC

Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.

Could co-sourcing be the answer to rising pensions admin woes?

Analysis: Uncertainty is an overused word in the pensions landscape, yet it is particularly appropriate when we speak of administration, which is teetering on the brink of crisis.