DB & DeriskingRSS

Regulator repeats anti-scam warning after £5m lost to fraudsters

News On the Go

On the go: The Pensions Regulator has repeated its warning about scammers after a report revealed more than £5m has been lost to fraud since February.

FCA writes to 7,700 steelworkers and bans contingent charging

News On the Go

On the go: The Financial Conduct Authority is to write directly to 7,700 former members of the British Steel Pension Scheme to invite them to revisit the advice they received, while going ahead with a ban on contingent charging for defined benefit transfers.

Brunel achieves carbon intensity reduction target

Brunel Pension Partnership has achieved its target of reducing the carbon intensity of its active portfolio by 7 per cent a year in time for the UN’s World Environment Day, but smaller schemes saddled with pooled products may lack the clout required to emulate them.

Nissan proposes DB scheme closure as sponsor pressure mounts

Nissan Sunderland

Workers at Nissan’s manufacturing plant in Sunderland could be facing a cut to their benefits, with the carmaker proposing to close its defined benefit scheme, while experts said the Covid-19 pandemic could push more sponsors to follow suit.

Suffolk holds firm through equity volatility storm

Suffolk Pension Fund has reported a bounceback in its asset values after taking a £327m hit in the first quarter of the year, as experts said it is still legitimate for immature defined benefit schemes to lean on the equity risk premium.

Trustees advised to focus on going concern in schemes’ accounts

News On the Go

On the go: Consideration of going concern in the preparation of pension scheme financial statements requires greater focus from trustees due to the coronavirus crisis, accountancy bodies have warned.

Railways scheme among DB backers in biomass plant acquisition

News On the Go

On the go: The Railways Pension Scheme is among the defined benefit pension schemes behind the takeover of Sleaford Renewable Energy Plant in Lincolnshire, led by private equity company Greencoat Capital.

Segregated mandates – a club for large pension schemes only

Chris Sier (teaser)

Data crunch: Dr Chris Sier's latest cost data insight looks deeper into the divide between users of pooled funds and segregated mandates - and the tricky implications for schemes lacking scale.

Medical scheme completes £10m buyout with Aviva

News On the Go

On the go: The Unomedical Pension Plan has entered a £10m buyout with Aviva, which shows ongoing appetite from insurers to write smaller contracts.

Morrisons’ shareholders advised to vote against pension payout

News On the Go

On the go: Morrisons’ shareholders have been advised to vote against executive pension payouts, as they are not aligned with the majority of the retailer’s workforce.