DB & DeriskingRSS

Lancashire increases employer contributions to mitigate maturing membership

Lancashire Pension Fund has added lump-sum payments to its annual employer contributions to make up for reduced cash flow from a declining active membership.

Accounting body pushes government to scrap outdated reporting regs

Industry body Pensions Research Accountants Group, together with the Financial Reporting Council, has had initial discussions with the government on jettisoning out-of-date requirements for pension scheme reporting to make way for its own enhanced disclosure regime.

NHS scheme moves to improve struggling employer comms

The NHS Pension Scheme will tailor its communication to different employer types to provide them with more support in fulfilling their obligations, after a survey revealed substantial criticism of its approach.

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.

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