All Defined benefit articles – Page 13
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NewsLGPS eyes upgrade to cost transparency system
The Local Government Pension Scheme (LGPS) is exploring a potential upgrade to its investment cost monitoring system that could include the use of machine learning tools.
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NewsBus company consolidates DB scheme into TPT
TPT Retirement Solutions has consolidated the £50m defined benefit (DB) pension scheme of Reading Buses into its master trust.
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NewsTrustees warned against complacency as surpluses remain
The aggregate funding level of private sector defined benefit (DB) schemes remained close to 150% at the end of the second quarter, according to data from the Pension Protection Fund (PPF).
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OpinionTaking care of (trustee) business
Sackers senior counsel Naomi Brown explores the differences and similarities between running a pension fund and running a business – and what can be learned from each role.
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NewsBrookfield and Utmost to enter bulk annuity market
North American financial services giant Brookfield is set to become the latest insurance provider in the bulk annuity market.
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NewsPLSA calls for government focus on DC decumulation, Funding Code
The new Labour government needs to fast-track the implementation of the Defined Benefit (DB) Funding Code as one of its first priorities for the pensions sector, according to the Pensions and Lifetime Savings Association (PLSA).
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NewsElection 2024: The pensions industry reacts
Pensions Expert rounds up views from the industry as Sir Keir Starmer’s Labour Party prepares to take power following the general election.
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NewsPMI launches innovation initiative as part of strategic overhaul
The Pensions Management Institute (PMI) has established a Global Innovation Centre to enhance its work on innovative and collaborative solutions for the UK pensions sector.
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NewsPIC seals biggest buy-in of the year with £1.2bn TotalEnergies deal
The transaction follows a £1.6bn buy-in a decade ago and means the whole scheme is now insured.
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NewsUniversities urged to tackle DB pension costs
Universities should act to control the running costs of their defined benefit (DB) pension schemes, according to a new report from Spence & Partners.
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NewsM&G, Just Group announce buy-ins worth combined £570m
Machinery manufacturer NSK and aviation services group John Menzies have insured the benefits of nearly 7,000 members in separate deals.
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NewsStandard Life completes £880m buy-in of Rolls-Royce-Bentley scheme
The deal is one of the biggest bulk annuity transactions announced so far this year and includes the conversion of a 2013 longevity swap contract.
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NewsInnovation Interviews: How Cardano embraces AI
Felix Mantz, director at Cardano Advisory, gives Pensions Expert a tour of how his company is using cutting-edge technology to enhance its services to trustees.
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NewsBulk annuity latest: £33m buy-in for recycling firm
European Metal Recycling has secured a £33m buy-in with Aviva, covering deferred and pensioner members.
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NewsCourt rules members should not lose out on DB amendments
A judge has ruled that members of a defined benefit (DB) scheme that lost out when it moved to a career average benefit structure can be reimbursed, while those who benefitted can keep their amended pensions.
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NewsTPT allocates £800m to new alternatives funds
The company plans to launch five more funds this year, covering all major listed and unlisted asset classes.
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NewsProfessional trustee firms on hiring spree as demand surges
The number of professional trustee appointments has surged by 11% over the past 12 months, with firms intensively recruiting to meet the current demand and future growth expectations.
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NewsTrustees urge focus on pension adequacy after election
With Labour forecast to win as many as two-thirds of the available seats at the general election next month, trustees have called for the new government to focus on retirement income adequacy.
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OpinionWhat role will a public sector consolidator play in the UK market?
Rosie Twist of the Society of Pension Professionals analyses how the DB market has changed in 15 years and how a public sector consolidator might help shape the next 15.
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NewsBulk annuity update: L&G targets £65bn in new business by 2028
Legal & General (L&G) expects to write up to £65bn worth of bulk annuity business by 2028, according to a business update.