All Defined benefit articles – Page 130
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News
FTSE 350 pension deficit reaches 18-month high
On the go: The UK’s 350 largest listed companies have seen the deficit of their defined benefit pension schemes reach an 18-month high, increasing from £45bn at the end of February to £55bn by the end of March, according to Mercer.
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News
Transfer values rise sharply during March as demand remains high
On the go: Pension transfer values rose substantially during March, peaking at almost £251,000, according to consultancy XPS Pensions.
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News
Pension professionals distrust consolidation, finds PMI poll
On the go: A significant minority of pensions professionals are distrustful of both defined contribution and defined benefit consolidation, according to a poll from the Pensions Management Institute.
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Features
LDI growth continues across UK schemes
UK pension fund exposure to liability-driven investments continues to increase, according to data collected by Pensions Expert’s sister title MandateWire, as an increasing number of smaller schemes enter the market.
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OpinionOnly 1% reach insurance, what about everyone else?
Clara Pensions chief executive officer Adam Saron hits out at “disingenuous” arguments being made in opposition to commercial consolidation, and makes the case for a superfund regulatory environment that avoids the strictures of Solvency II.
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News
Clara eyes Q2 transaction after consultation delays clearance
Commercial consolidator Clara Pensions expects to complete its first transaction within the next three months, according to the company’s founder and chief executive officer Adam Saron.
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OpinionRisk management should not just focus on assets
Data Crunch: As defined benefit pension schemes have matured they have become increasingly risk-aware. This awareness of risk is not just limited to those schemes’ asset portfolios, but also their liabilities and sponsor covenants.
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News
Debenhams trustees see hope for schemes after sponsor refinancing
On the go: Trustees of the Debenhams pension schemes have welcomed the news that its sponsor has agreed a £200m refinancing of its debt, including packages to improve the security of member benefits.
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News
Ongoing data problems spark valuation concerns at Barnet
Poor quality pensions data at the London Borough of Barnet Pension Fund have sparked concerns that the scheme’s triennial valuation could be derailed or delayed.
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NewsCharity blames insolvency on pension costs and local govt rules
A charity in Northern Ireland has announced it is closing this month, citing pension costs and a lack of flexibility in the region's local government scheme as the reason behind its insolvency.
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FeaturesShell drills for liquidity and slashes return-seeking assets post valuation
Trustees of the Shell Contributory Pension Fund have overhauled the scheme’s investment strategy following its latest valuation, introducing new allocations to investment-grade and highly liquid assets, while cutting the fund’s return-seeking portfolio exposure.
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Features
John Laing divests asset-backed funding from former sponsor
The John Laing Pension Fund has sold its remaining stake in infrastructure company John Laing Environmental Assets Group, a holding initially contributed to the scheme as part of a contingent funding plan in 2015.
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NewsEmployers and academics rail against new USS contribution rate
Employers and workers alike have expressed concern over proposed contribution hikes to Britain’s biggest private sector pension scheme, the £63bn Universities Superannuation Scheme.
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OpinionDB recklessness offence could catch worst employers
Just what is wilful or reckless behaviour in relation to a pension scheme? That is the test at the heart of a new crime proposed in the Conservative party's 2017 election manifesto and confirmed in a government response last month.
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News
Covenant risk tops trustees’ list of concerns
On the go: Employer covenant risk is defined benefit pension schemes’ greatest worry, according to a poll of 42 trustees and their advisers by professional trustee company PTL.
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News
Trustees lukewarm on consolidator benefits
On the go: Most defined benefit trustees doubt the ability of commercial consolidators to improve their members’ security, according to a new survey that also reveals widespread ignorance of the two new players in the market.
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News
Life expectancy in London boroughs varies by 20%
On the go: There are huge differences in life expectancy in the UK, even across neighbouring postcodes, data specialist CACI has found.
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News
Employers reject call for contingency contributions from USS
On the go: At least two employers, including the University of Oxford and the University of Sheffield, have rejected the call for contingent contributions in a consultation from Britain’s largest private sector pension scheme, the Universities Superannuation Scheme.
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News
PPF seeks member representative for board position
On the go: The Pension Protection Fund is taking a novel approach to recruitment, seeking a board member who has been compensated by the fund.
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NewsGMB members accept revised pension offer from Historic Royal Palaces
Staff working for Historic Royal Palaces have accepted a revised offer on pension provision, ending months of dispute between the independent charity and the GMB trade union over the closure of their defined benefit scheme.