DB & DeriskingRSS

New pensions service calls for stakeholder views on financial wellbeing

News On the Go

On the go: The Money and Pensions Service will be carrying out a number of events across the UK between now and June, enabling stakeholders to discuss what is needed to boost financial wellbeing in local communities and across the country.

LDI growth continues across UK schemes

UK pension fund exposure to liability-driven investments continues to increase, according to data collected by Pensions Expert’s sister title MandateWire, as an increasing number of smaller schemes enter the market.

FTSE 350 pension deficit reaches 18-month high

On the go: The UK’s 350 largest listed companies have seen the deficit of their defined benefit pension schemes reach an 18-month high, increasing from £45bn at the end of February to £55bn by the end of March, according to Mercer.

Transfer values rise sharply during March as demand remains high

On the go: Pension transfer values rose substantially during March, peaking at almost £251,000, according to consultancy XPS Pensions.

Pension professionals distrust consolidation, finds PMI poll

On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.

Clara eyes Q2 transaction after consultation delays clearance

Commercial consolidator Clara Pensions expects to complete its first transaction within the next three months, according to the company’s founder and chief executive officer Adam Saron.

Shell drills for liquidity and slashes return-seeking assets post valuation

Getty Images

Trustees of the Shell Contributory Pension Fund have overhauled the scheme’s investment strategy following its latest valuation, introducing new allocations to investment-grade and highly liquid assets, while cutting the fund’s return-seeking portfolio exposure.

Global Pensions Wrap: March 30

Reuters

A round-up of the pensions industry stories published across the FT Group – from a nasty surprise for employers in a Kentucky public pension plan, to the creation of the world's first index aligned with the UN's Sustainable Development Goals.

Debenhams trustees see hope for schemes after sponsor refinancing

On the go: Trustees of the Debenhams pension schemes have welcomed the news that its sponsor has agreed a £200m refinancing of its debt, including packages to improve the security of member benefits.

Ongoing data problems spark valuation concerns at Barnet

Poor quality pensions data at the London Borough of Barnet Pension Fund have sparked concerns that the scheme’s triennial valuation could be derailed or delayed.