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JLT switch to TDF default sees boost in engagement

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An overhaul of the default arrangement in the Jardine Lloyd Thompson Pension Scheme’s defined contribution section, switching from a lifestyle arrangement to target date funds, has brought its more engaged members back from their self-select funds.

BBC matches cash flows after strong 2017 returns

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The BBC Pension Scheme has slashed its exposure to equity markets, in an attempt to lock in recent outperformance with liability-driven investment, private credit and alternative matching assets.

BT’s 'sleight of hand' bond gift slashes accounting deficit

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BT’s defined benefit scheme has seen its accounting deficit drop by £1.8bn over the past quarter after investing in the bonds of its own sponsor, but some experts have questioned whether the move has any meaningful impact on member security.

Asos staff to have choice between pension and Lisa

Online clothing retailer Asos has issued a request for proposal for a new flexible employee savings provider, after it decided to let staff choose whether to focus on saving for retirement or shorter-term goals.

Pearson follows pack in targeting drawdown for DC defaults

The Pearson Pension Plan is introducing two new lifestyle options for its defined contribution members as they approach retirement, responding to a perceived demand for greater flexibility.

JLR drives down costs with DC strategy refresh

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UK automotive stalwart Jaguar Land Rover has embarked on a complete overhaul of its defined contribution offering in a bid to drive down costs and improve member outcomes.

RLB tech engagement drive yields positive results

Quantity surveyor Rider Levett Bucknall has seen a marked increase in staff engagement with their pensions after it introduced an app for savers to view their pension savings and offered face-to-face meetings with experts.

South Yorks plumps for alts as equity concerns bite

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The South Yorkshire Pension Fund is trimming its equity exposure and allocating to a range of alternatives, as part of a wide-ranging review that reaffirms the fund’s commitment to environmental, social and governance-based principles.

BAE actuarial switch sidesteps funding slump

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BAE Systems has ditched gilts-based valuations for its UK defined benefit schemes after gaining regulatory approval, freezing its deficit at 2014 levels and sparking controversy in the pensions industry.

De La Rue cuts pension increases to ease funding pressures

Trustees of the De La Rue defined benefit pension scheme have agreed to cut inflation-proofing on member benefits, wiping an estimated £70m off the security specialist’s accounting deficit.