All Defined benefit articles
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FeaturesInside the deal: How collaboration helped Mercer’s master trust seal a triple buy-in
As the derisking options for small defined benefit pension schemes increase, experts from Stephenson Harwood and Mercer share insights on how pooled arrangements have been able to secure insurance deals for some of the smallest clients.
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OpinionSurplus is not a windfall – it is a governance test
Louise Davey of Independent Governance Group explores the nuances and pressures of defined benefit scheme surpluses, and why strong and clear governance processes are essential.
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NewsTrustees urged to clarify surplus ownership as corporates focus more on DB schemes
Stakeholders should discuss access to surplus ahead of new rules, Hymans Robertson says, as IGG research indicates corporates are spending more time discussing pensions now schemes are overfunded.
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NewsWhy pension schemes could be ‘failing’ members outside of the office
Pension schemes need to do more to engage with people who do not typically work at a desk, according to new research from Quietroom.
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NewsSmall scheme market for buy-ins remains strong as large deals return
The market for small pension scheme buy-ins remains robust even as larger deals are being announced, according to consultancy firm Quantum Advisory.
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PodcastsAlways A Pensions Angle: Plumbing the depths of section 75
In the latest episode of Always A Pensions Angle, co-hosts Tom Parker and Nick Reeve tap into a plumbing industry pensions story, Torsten Bell’s continuation as pensions minister, and the latest efforts to boost investment in the UK.
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NewsTPR warns plumbing companies after taking action on section 75 debt
The Pensions Regulator issued warning notices and fined an accountant in its efforts to secure a section 75 debt payment from a company exiting the £1.2bn Plumbing & Mechanical Services Industry Pension Scheme.
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NewsBulk annuity market competition could push PPF liabilities down further
The Pension Protection Fund (PPF) is consulting on changes to its liability valuation methods in light of increased competition in the bulk annuity market.
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NewsWTW opens up longevity swap market to sub-£1bn pension schemes
WTW said its new service, known as Longevity Stream, aimed to make hedging life expectancy risks “more accessible, efficient and cost-effective”.
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NewsBulk annuities: M&G strikes latest ‘BPA Plus’ deal; Standard Life insures subsidiary’s scheme
Two innovative buy-ins were announced this week, featuring a with-profits element and residual risk cover while negotiating potential conflicts of interest.
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NewsBulk annuities: Sub-£25m deals continue as Royal London, Aviva and Just all active
The small end of the bulk annuities market remains vibrant, with sub-£25m deals completed by a number of insurers.
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ArticleSurplus release: Time to put plans and policies in place
The Department for Work and Pensions, HM Revenue & Customs, the Pensions Regulator and the Financial Reporting Council are all working together to construct the surplus release framework for defined benefit pension schemes.
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NewsSmiths Group secures £760m bulk annuity deal with M&G
The FTSE 100-listed engineering company has now insured its entire defined benefit pension scheme through a series of transactions over the past few years.
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NewsBrightwell to administer Rolls-Royce scheme following buyout
Pension Insurance Corporation has completed a £4.3bn buyout of the Rolls-Royce Pension Fund in nine months, a transition aided by a new administration partnership with Brightwell.
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NewsDB schemes end first half with £264bn surplus on PPF measure
Despite the broadly positive position, the PPF’s data showed that the aggregate position of schemes in deficit on a PPF basis worsened over the course of June.
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NewsBulk annuities: Large deals could return in H2, says Standard Life
Bulk annuity market capacity and pricing dynamics could shift in the months ahead as larger pension schemes seek to tap the insurance market, according to Standard Life.
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In DepthSpecial report: Which companies are driving bulk annuity activity?
Pensions Expert analysis shows which law firms, professional trustees and consultants are most active in the bulk annuity market.
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NewsPPF reserves hit £15bn ahead of pre-97 compensation change
The lifeboat fund for defined benefit pension schemes has begun contacting members with pre-97 benefits regarding inflation-linked uplifts that will begin in January.
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NewsEndgame delays could cost schemes millions in surplus, claims fiduciary manager
Van Lanschot Kempen argues that delaying decisions on endgame options could mean schemes miss out on potential investment returns that could in turn boost surplus release payments.
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NewsBulk annuities: Rothesay launches small scheme service; PIC and Canada Life seal buy-ins
Rothesay is the latest company to launch a dedicated service for pension schemes below £100m, while rival insurer Pension Insurance Corporation has secured a £35m buy-in with a music education company’s scheme.