All Defined benefit articles
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NewsEmployers seeking to offload schemes to free up board time, research shows
Two-thirds of UK DB pension schemes are now in surplus as of their most recent triennial valuation, prompting employers to reassess long-term endgame options.
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In DepthIn Depth: Is the LGPS the next frontier for professional trustees?
Governance reforms to the Local Government Pension Scheme have introduced an independent advisory position that could be well suited to professional trustees. As an important deadline approaches, is this an opportunity for professional trustees to further expand their reach?
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OpinionWhy the AMNT is expanding its membership at a crucial time for trustee boards
Lewis Brown, vice-chair of the Association of Member-Nominated Trustees, explains why the association has opened its doors wider to bring in other trustees with a member focus.
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OpinionSPP: Focusing on the member behind the number
Bill Jangra of the Society of Pension Professionals reflects on keeping members at the heart of trustee decision-making, challenging established ways of working, and ensuring that processes continue to serve the people they were designed to protect.
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NewsGovernment to take over Northern Rock and Bradford & Bingley DB schemes
HM Treasury initially planned to take on the two defined benefit pension schemes in 2025, but this is now expected to take place by early 2028.
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NewsBudget 2026: Mineworkers scheme trustees ‘disappointed’ by surplus decision
The trustees of the £10.4bn Mineworkers’ Pension Scheme have criticised a government decision not to bring the fund’s surplus arrangements into line with the British Coal Staff Superannuation Scheme, despite months of negotiations.
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NewsPPF confirms no conventional levy for third straight year
The lifeboat fund has confirmed a third year of no conventional levy, while also announcing adjustments to valuation methods and a pause on the alternative levy that will apply to superfunds.
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NewsFinance chiefs divided over how to use DB pension scheme surpluses
Key corporate decision-makers are split over how to prioritise the use of defined benefit pension scheme surpluses, according to new research by Independent Governance Group.
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NewsBulk annuities latest: Interface, Biffa and FirstGroup secure buy-ins
A trio of bulk annuity transactions have been publicised in recent days, securing the benefits of 4,700 members in deals totalling £450m.
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NewsRegulator gives green light to TPT to launch superfund
TPT has secured investment capital to back between £1bn and £1.5bn worth of transactions, and said it was already in discussions with “a growing number of schemes”.
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OpinionRailpen: The role of DB in boosting pension adequacy
With pension adequacy at the forefront of industry reforms, Railpen’s Jonathan Clark urges policymakers not to forget the vital role played by open defined benefit pension schemes for millions of people across the UK.
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NewsBulk annuities latest: L&G seals £1.7bn deal with UBS; Royal London insures steel scheme
Legal & General has completed the biggest defined benefit pension scheme buy-in so far this year, insuring 7,000 members of a section of the UBS UK Group Pension Plan.
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NewsSuperfund sector set to ‘take off’ as Clara onboards six schemes in unique deal
Following four deals announced this year, Clara-Pensions’ assets under management are now in the region of £2.5bn as consultants predict “exponential growth” for the superfund sector.
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NewsDB schemes navigate volatility to finish Q3 with stronger funding position
The PPF 7800 index reported that the total surplus across the 4,838 funds it covers reached £280.7bn at the end of September, equivalent to a funding ratio of 135%.
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NewsThe next pensions scandal?
Thousands of women lose out on pension benefits when they divorce, with Excalibur Actuaries warning that unfair sharing arrangements have “all the hallmarks of another pensions scandal in the making”.
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NewsWhy administrators are causing sleepless nights for DB trustees
Third-party vulnerability is among the biggest cyber risks facing DB pension schemes, according to a professional trustee survey
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OpinionABI: Surplus extraction - lessons from insurers
As DB schemes gain greater flexibility to extract surplus, the ABI’s Robyn Smith argues that lessons from insurance regulation could help ensure greater freedom is matched by robust safeguards for members.
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OpinionSPP: Is your pension scheme ready for run-on?
The Society of Pension Professionals’ Guy Bottomley looks at how pension schemes can prepare for the new run-on and surplus release options opening up for them.
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NewsArco Group Pension Scheme agrees to transfer to Clara superfund during M&A
Clara and Arco announce landmark agreement
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OpinionWhy resilience should define pension scheme investment strategy in an uncertain world
Brightwell chief executive officer Morten Nilsson outlines the importance of resilience and understanding how risk management has changed as the wider investment universe has shifted.