All Defined benefit articles – Page 121
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News
Aviva staff scheme completes first buy-in
On the go: Aviva Life & Pensions UK has completed a £1.7bn bulk annuity buy-in of the Aviva Staff Pension Scheme.
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News
KPMG in exclusive talks with Exponent to sell pensions arm
On the go: KPMG has confirmed that it is in exclusive talks with private equity firm Exponent to offload its pensions arm.
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News
ACA: Widespread indecision over complexity and cost of GMP equalisation
On the go: The complexity and cost of equalising guaranteed minimum pensions is a major concern for many employers, who have yet to decide on how they should respond to the legal requirement to act, according to Association of Consulting Actuaries research.
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News
RPI changes could hit pensions funding by up to 10 per cent
On the go: Reforms to the calculation of the retail price index could have a massive impact on pension funding, LCP reveals in a new report.
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Features
How can UK climb up global pension rankings?
Data Crunch: The UK is now the fourteenth-best pension system in the world scoring a C+, according to the 2019 Melbourne Mercer Global Pension Index, but low adequacy and sustainability scores suggest there is still a long way to go to improve retirement outcomes for members.
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News
Asda enters mammoth buy-in ahead of possible float
On the go: UK supermarket chain Asda has offloaded £3.8bn of its defined benefit liabilities in a buy-in with Rothesay Life.
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News
Opperman urges schemes to ‘act now to equalise GMP’
On the go: Guy Opperman has called on pension schemes to take immediate action to equalise guaranteed minimum pension payments.
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News
PASA president warns over data costs
On the go: The president of the Pensions Administration Standards Association has warned that the poor quality of pension scheme data could frustrate the efforts of pensions dashboards.
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News
Trustees unconvinced on lifetime mortgage backing
Data crunch: Lifetime mortgage providers are hoping to tap into pension fund capital to fuel market expansion, but a combination of limited expertise, social risks and maturing defined benefit liabilities are holding trustees back.
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News
Consultation on DB funding code expected early 2020
On the go: A consultation on a revised defined benefit funding code will be launched at the start of next year, according to Charles Counsell, chief executive of the Pensions Regulator.
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News
Consolidators unfazed after being dropped from pensions bill
The two existing defined benefit commercial consolidators have said they are not surprised by the lack of superfund provisions in the pensions bill.
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NewsESG divestment set to take place on global scale
Climate change activism and trustee awareness of environmental, social and corporate governance has led schemes to divest from fossil fuels, figures released today show.
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News
Pension schemes bill overshadowed by Brexit
A pension schemes bill has been included in the Queen’s Speech as expected, but critics say the government’s Brexit headaches and lack of majority mean it is little more than a manifesto pledge.
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News
LGPS Central Pool launches sustainable fund
On the go: The Local Government Pension Scheme Central Pool has launched a new equity fund incorporating key climate change considerations in a bid to deliver long-term growth.
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News
One in three schemes consider appointing IFA
On the go: Some 35 per cent of pension schemes have either appointed or are considering appointing an independent financial adviser to support members, research reveals.
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News
DB funding levels improve over September
On the go: The overall funding position of UK defined benefit schemes improved in September, according to figures released by the Pension Protection Fund on Tuesday.
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OpinionIt is time for the industry to face up to its data problems
Poor record-keeping has long been the elephant in the room in the pensions sector.
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NewsField sounds alarm over unregulated DB superfunds
The chair of the Work and Pensions Committee has warned that the government may be putting retirements at risk if it does not bring forward legislation to regulate defined benefit superfunds.
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OpinionSeven features that define DB pension schemes
Data crunch: The UK private sector defined benefit universe comprises approximately 5,500 schemes with a combined £1.8tn in total assets. The result is a landscape that is uncommonly diverse, although seven key parameters help define scheme characteristics and behaviour.
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Features
Buy-in pricing could improve in post-Brexit world
Brexit volatility could be a good thing for defined benefit pension schemes looking to insure liability risk, according to experts.