DB & DeriskingRSS

The Cut: What reporting changes could mean for your scheme's financial statements

A catch-up on the statement of recommended practice for financial reporting issued for consultation today by the Pensions Research Accountants Group, including enhanced disclosure requirements on investment risk and valuation.

Surrey looks to lock in gains as funding level rises

Surrey County Council Pension Fund is exploring derisking strategies after its assets made further gains against liabilities since its 2013 triennial valuation.

LPFA boosts in-house investment team as it focuses on illiquids

The London Pensions Fund Authority is strengthening its in-house investment capabilities in order to reduce investment costs and diversify further into illiquid assets.

Lafarge doubles contributions to cut deficit

LaFarge boosts contributions

Building materials manufacturer Lafarge has more than doubled its contributions to its UK pension fund after scheme and sponsor negotiated a beefed-up recovery plan to tackle the funding deficit.

BT suspends flexible retirement options during review

BT has suspended its flexible retirement option while it reviews the conditions under which it will consent to BT Pension Scheme members taking early payment of their pension while continuing to work at the communications company.

Consultants expect DC flexibility to drive DB member transfers

Defined benefit schemes could see a short-term increase in requests from members to switch their benefits into defined contribution schemes, due to potential government plans to restrict such transfers, benefit consultants have predicted.

University funds running equity risk as holdings rise

University pension schemes have seen their equity holdings increase as a proportion of their portfolio, a survey of self-administered trusts in the sector has revealed, sparking debate among experts about their exposure to market volatility.

Mineworkers scheme extends cash buffer to battle rising longevity

Mineworkers scheme extends cash buffer to battle rising longevity

The Mineworkers Pension Scheme has secured a 10-year extension to the repayment deadline of its government-backed investment reserve, as it works to manage increased longevity among scheme members.

Schemes delay mergers over tax risk concerns

Schemes are thinking twice about undertaking bulk transfers of benefits to avoid the risk of passing on individual tax charges to members as they await final official rules.

Strathclyde rebalances bond portfolio in drive for greater returns

Strathclyde (iStock) TEASER

Strathclyde Pension Fund has decreased its allocation to corporate bonds in favour of a wider absolute return bond strategy, to rebalance its portfolio as spreads tighten.

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