All Defined benefit articles – Page 116
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News
Regulator outlines Q1 policy plans
On the go: The Pensions Regulator is to publish recommendations on trustee diversity and governance in February, as the watchdog set out its policy commitments for the early months of 2020.
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FeaturesThe great inflation robbery: How RPI's end could sting trustees
The great inflation robbery - how trustees could be caught out by the end of RPIWhile Brexit is set to dominate the political agenda again in 2020, for the pensions industry there is another major shift on the horizon that could have a profound impact on funding levels and outcomes ...
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News
TPR presses Church of England for shorter deficit recovery
The Pensions Regulator has dismissed the idea of the Church of England employers reducing their deficit contributions, after a change in the valuation method used in one of its defined benefit schemes resulted in a shortfall decrease from £236m to £50m.
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News
RPI reform consultation to be published in March
On the go: A consultation on changes to the retail price index will be published alongside the UK Budget on March 11, the chancellor of the exchequer has announced.
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News
UK crawls back towards PPF surplus
On the go: UK defined benefit schemes are inching towards being fully funded on the basis used by the Pension Protection Fund, new figures from the lifeboat reveal.
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Features
TPR: 700 DB schemes may never reach full funding
Data crunch: Forty-nine defined benefit schemes are in a parlous state with funding under 50 per cent of their liabilities, the latest data from the Pensions Regulator reveals.
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News
Chappell ordered to pay £9.5m into BHS schemes
On the go: Dominic Chappell has been ordered to pay £9.5m into two pension schemes related to the collapsed high street chain BHS.
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Features
E-admin hopes dashed by data quality
Data crunch: Pensions administrators and open finance enthusiasts may have one eye on the ‘e-admin’ future of full dashboard compliance, modelling and targeted engagement, but a survey of trustees reveals the perennial roadblock – poor-quality member data.
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NewsRailways Pension Scheme deficit called into question
New calculations showing an £11bn deficit for the Railways Pension Scheme have been dismissed by the National Union of Rail, Maritime and Transport Workers, which has promised industrial action if new measures to plug the gap are imposed without negotiation.
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News
New pension tax rules could be in place by April
On the go: The outcome of the government’s review on the tapered annual allowance is expected to be published in the upcoming Budget, and reforms could be in place from the start of the next tax year, according to the British Medical Association.
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News
GMP rectification facing further delays after HMRC announcement
The government’s delayed timeline for confirming payments due under guaranteed minimum pensions reconciliation will be published soon, HM Revenue & Customs announced on Thursday, as it attempted to put an end to long-running confusion over partial payments.
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News
Mineworkers and British Coal secure £268m settlement
On the go: The Mineworkers’ Pension Scheme and the British Coal Staff Superannuation Scheme have secured a $350m (£268m) settlement from a class action against a photovoltaic solar panel producer.
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News
National Grid scheme commits £185m to UK renewables
On the go: The National Grid UK Pension Scheme has awarded a £185m mandate to Octopus Renewables to manage UK solar and onshore wind assets.
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News
PPF reaches 1,000th scheme transfer milestone
On the go: The Pension Protection Fund has accepted its 1000th scheme with the transfer of Carillion Rail, a section of the Railways Pension Scheme with almost 4,000 members.
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News
Scottish local funds urged to develop information standards
Inconsistencies and lack of standardisation in information are frustrating efforts to make a ‘like-for-like’ comparison between local authority funds in Scotland, a new government report has found.
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News
Private school teachers threaten strikes over pensions
On the go: Teachers in private schools are threatening to strike, as a massive increase in contributions is leading to many of these institutions leaving the Teachers’ Pension Scheme.
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News
Government brings identical bill back to parliament
On the go: The Department for Work and Pensions has reintroduced its pension schemes bill in the House of Lords, after the December general election delayed its debate in Parliament.
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News
Chancellor announces March Budget
On the go: The government has confirmed that Chancellor of the Exchequer Sajid Javid will deliver his first Budget on March 11, with the announcement expected to bring some changes for the pensions industry.
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News
Majority of employers planning to review pensions provider in 2020
On the go: Eighty-seven per cent of employers are looking to review their pension provider in the next 12 months, according to new research from investment platform Smarterly.
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News
Most schemes considering joint GMP rectification and equalisation
Most pension schemes expect to combine their guaranteed minimum pension rectification and equalisation projects, new data suggest, as experts said this can simplify member communications and increase efficiencies for trustees.