All Defined benefit articles – Page 121
-
News
Trustees call for radical softening of DB promises
On the go: The government should accept that not all defined benefit pensions are affordable and begin taking radical steps to allow employers to flex their promises, according to two prominent professional trustees.
-
News
TPR to promote DB schemes under proposed amendment
On the go: An amendment to the pension schemes bill could see the Pensions Regulator having to actively promote defined benefit schemes where possible.
-
News
DB deficit increases over January
On the go: The aggregate deficit of the 5,422 defined benefit schemes in the Pension Protection Fund 7800 Index rose by £63.8bn in January.
-
News
TPR seeks to extend supervision to select administrators
The Pensions Regulator will attempt to build one-to-one relationships with pensions administrators it considers to be of critical importance, in a voluntary extension of the supervision regime it has already introduced for the largest schemes in the UK.
-
News
Only six in 10 pensions to be located by dashboards
On the go: Savers may only be able to locate six out of ten pension pots when pension dashboards are launched unless the industry starts to improve data quality, PensionBee has warned.
-
News
Webb urges experts to lobby Lords for pension schemes bill changes
On the go: Former pensions minister Sir Steve Webb has urged pension specialists to lobby the House of Lords for changes in the pensions schemes bill, warning that it will pass through the House of Commons unchanged.
-
News
Kent Council fund initiates revamp of its ESG policies
Kent County Council is sprucing up its responsible ownership pension policy as climate concerns become mainstream.
-
News
Pension schemes make limited allowances for RPI changes
On the go: Large pension schemes are not expecting a great impact from the proposed changes to the retail price index, with limited allowances included in their sponsors’ 2019 accounts, according to Willis Towers Watson.
-
News
TPR to test trustees’ knowledge in bid to improve governance
The Pensions Regulator plans to conduct checks on trustees’ knowledge to assure governance standards in the industry, and has promised to consider appropriate action where they fall below expectations.
-
News
High Court rules against pension indexation change
On the go: An IT company has seen the High Court dismiss a request to change the indexation used to uprate benefits in its final salary scheme to the consumer price index.
-
News
Majority of GP scheme records are out of date
On the go: Only one quarter of doctors’ pension records are up to date for the 2017-18 tax year, data has shown, leaving GPs at the mercy of unexpected tax bills.
-
News
Border to Coast set to focus on fixed income in 2020
The Border to Coast investment pool is looking to widen the range of fixed income products it offers to local authority pension scheme clients in 2020, according to its chief executive.
-
NewsUniversity strikes announced as talks fail to placate union
Staff at 52 UK universities are to strike over pensions for 14 days during February and March, despite recent talks between employers, trade unionists and the trustees of the Universities Superannuation Scheme.
-
News
Scottish government presses chancellor on pension tax
On the go: Scottish health secretary Jeane Freeman has called on the chancellor of the exchequer to find a permanent solution to fix the issue of the tapered allowance impacting National Health Service doctors.
-
OpinionFCA’s response to transfer scandal too little, too late
Recent revelations that the City watchdog has concerns about the majority of the £80bn market for providing pension transfer advice in the UK have triggered shock and anger across the industry. Quite rightly too.
-
News
TPR: Companies must engage early with regulator on CVAs
On the go: Firms considering a company voluntary arrangement must engage early with the regulator in the process and provide full information, the Pensions Regulator has warned.
-
News
Co-op pension scheme completes £1bn buy-in
On the go: The Co-operative Pension Scheme has completed a £1bn bulk purchase annuity transaction with Aviva.
-
News
City of Westminster scheme to cut equities and diversify portfolio
The City of Westminster Pension Fund has shifted its investment strategy in response to concerns about volatility in equity markets, added to a need to diversify risk and lock down an improved funding ratio.
-
News
Lloyds pension schemes agree to £10bn longevity swap
On the go: The trustee of the Lloyds Bank pension schemes has agreed to a £10bn longevity swap deal with Scottish Widows and Pacific Life Re.
-
News
MP requests 6-month extension for British Steel ombudsman claims
On the go: Labour MP Nick Smith is writing to the Pensions Ombudsman to request a six-month extension for former British Steel Pension Scheme members to submit claims, so that the issues involved can be considered in-depth.