Data crunch: High levels of hedging, integrated approaches to risk management, long-term targets and clearly defined journey plans all made for sepia-tinted tranche 14 valuations.
DB & Derisking
Covid and regulatory burdens push building society to outsource scheme
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September 17, 2020
With the work of lay trustees becoming more complex, and the pandemic highlighting other areas in need of sponsors’ attention, the Furness Building Society has opted to outsource services for its defined benefit scheme, a trend that is expected to accelerate.
Covid-19 sees schools pull out of Teachers’ Pension Scheme
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September 16, 2020
On the go: Covid-19 has prompted a number of private schools opt out of the Teachers’ Pension Scheme as they look to avoid a significant hike in contributions.
Mercer launches DB master trust as demand for consolidation increases
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September 15, 2020
Mercer has launched a new defined benefit master trust promising sponsors enhanced governance and economies of scale, amid an accelerating trend towards consolidation and outsourced solutions, with pensions minister Guy Opperman stating that “bigger is better”.
McCloud to delay LGPS progress on pensions dashboards
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September 14, 2020
The McCloud reform will create challenges for Local Government Pension Scheme funds to provide information for the pensions dashboards, with a delay that could take up to three years.
DB schemes over-reliant on ‘historically improbable’ returns
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September 14, 2020
On the go: Underfunded defined benefit schemes in the UK will require “once-in-a-century” equity performance if they are to avoid carrying their funding gaps well into the 2030s, according to a new report from Willis Towers Watson.
Redundant local civil servants face pension cut
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September 14, 2020
Public sector members of the Local Government Pension Scheme aged above 55 who are made redundant and want to retire early will face a cut to their benefits, according to new rules proposed by the government.
Rail sector pension plan staring down £15bn black hole
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September 11, 2020
On the go: The largest pension scheme serving the UK’s rail sector is standing on the event horizon of a £15bn black hole created by changes to its funding rules, the Financial Times has reported.
Bulk annuity volumes hit £12.6bn in H1 2020
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September 11, 2020
On the go: Total buy-in and buyout volumes reached £12.6bn in the first half of this year, the second-highest value on record, according to analysis published by LCP.
A golden age for credit?
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September 10, 2020
Roundtable: As managers attempt to discern fallen angels from falling knives, are trustee boards nimble enough to capture policy-driven spread opportunities?
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