All Contingent assets articles – Page 2
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News
Charity puts centre up for sale to cover LGPS costs
The Multiple Sclerosis Society is to sell a support centre to meet the cost of its local government pension scheme membership, the latest charity to sell assets to cover defined benefit costs.
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News
Rentokil sets up escrow as funding level tips into surplus
The Rentokil Initial Pension Scheme has set up an escrow account to prevent employer contributions becoming trapped in the scheme, after its funding level reached surplus.
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News
Energy group sells ships to buoy funding
UK energy major BG Group is using the $460m (£299m) sale of two liquid natural gas carrier ships to quell a rising deficit, the latest development in a 15-year funding deal.
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Opinion
Lafarge, Channel 4 and Lloyds feature in the top five derisking stories of 2014
Many schemes worked hard this year to make a dent in their pension fund deficit as liabilities soared, employing methods ranging from simple payment increases to complex recovery plans.
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Opinion
Cash flow certainty versus closer ties to employer’s fortunes: how to evaluate SLPs
Matthew Ambler from law firm Gordons addresses the drawbacks of using Scottish liability partnerships as part of scheme funding deals.
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Features
RSPB scheme migrates to contingent assets to underpin 17-year recovery plan
The bird protection charity RSPB has set up a £56.4m contingent asset agreement with its pension scheme as part of a wider effort to reduce the funding deficit.
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News
How changes to the PPF levy could affect your scheme
Schemes are being advised to assess the cost of completing an annual valuation of asset-backed contributions, after the Pension Protection Fund announced non-property ABCs will be considered in levy calculations.
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Opinion
Can you prove the value of your ABCs? A first glance at PPF levy changes
The Pension Protection Fund will now require schemes to provide proof of the value of asset-backed contributions used to reduce levy bills, as part of the lifeboat's amendments to levy calculations.
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Opinion
Last DB schemes standing: A snapshot of FTSE 100 benefits
Consultancy LCP yesterday released its Accounting for Pensions 2014 report giving an insight into the pension arrangements of some of the country's biggest companies. The report at times paints a bleak picture for defined benefit schemes.
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News
Invensys terminates reservoir trust as surplus grows
Invensys Pension Scheme has exceeded full funding on a technical provisions basis and has taken the unusual step of terminating a reservoir trust that was set up to provide funding security after the employer was purchased.
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News
Shell introduces reserve account to prevent contribution volatility
The Shell Contributory Pension Fund has created a contribution reserve account to prevent a trapped surplus as it exceeds full funding.
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News
Schemes turn to ‘esoteric’ ABFs to fill deficits
Schemes are being forced to be more creative in finding assets to back funding, industry experts have said, following deals using brands, intellectual property and whiskey.
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FeaturesTui starts early to control PPF levy cost
As the Tui pension scheme works ahead of time to certify its contingent asset and reduce its Pension Protection Fund levy, Ian Smith and Anna Lyudvig analyse the process.
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FeaturesBAE ups debt guarantees to safeguard benefits
The defence company has increased debt guarantees to a level where it qualifies as a PPF contingent asset, potentially reducing the cost of its PPF levy
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FeaturesRPMI tackles covenant risk with employer ratings
RPMI has rated its more than 150 different sponsors according to how strong their covenant is, as it assesses how to improve the scheme’s security.
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Features
How to save money on your PPF levy
TLT head of pensions Sasha Butterworth explores how schemes can use contingent assets to save money on their risk-based levy.
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Features
Case study: Tui slashes sponsor’s cash obligations
Tui UK pension scheme has agreed a deal to reduce its sponsor’s annual cash contribution by £38m in what has been called a “watershed moment”.
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Features
Regulator: How schemes can better protect members
The Pensions Regulator discusses how it is working with schemes to protect members’ benefits and preparing the industry for auto-enrolment.
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Features
IAS 19 changes to drive derisking
Changes to accounting standards will bring sponsors and schemes closer together, and provide an impetus to derisk, according to consultants.
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Features
RPMI tackles covenant risk with employer ratings
RPMI has rated its more than 150 different sponsors according to how strong their covenant is, as it assesses how to improve the scheme’s security.
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