All Defined benefit articles – Page 135
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News
Tower Hamlets completes £700m equity protection strategy
On the go: The London Borough of Tower Hamlets Pension Fund has undertaken a £700m equity protection strategy with Schroders.
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News
Government fires ‘starting gun’ on superfund deals
A government consultation published last week will allow the UK’s commercial defined benefit consolidators to press ahead with their first deals, it has been claimed, although some experts say questions remain over how the businesses can be prudently regulated.
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News
Field calls for swift action from TPR on Johnston pre-pack
On the go: Chair of the Work and Pensions Committee, Frank Field MP, has written to the Pensions Regulator with serious concerns about the possible 'dumping' of pension liabilities using a pre-pack deal.
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OpinionPre-pack administrations are not the bogeyman they seem
Pre-pack administrations have been back in the headlines and often provoke outcry, but where due process is followed they can protect the value of company assets and treat pension scheme creditors fairly, writes RSM’s Guy Mander.
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News
DWP expects superfunds to have 99% probability of success
On the go: The Department for Work and Pensions has outlined its thinking on the regulation of commercial defined benefit consolidation vehicles in a consultation, removing a major hurdle to scheme sign-up.
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OpinionSouthern Water case: How TPR ensures schemes are treated fairly
For some time, we have made clear there is an important balance to be struck by employers and trustees between dividend payments and deficit repair contributions.
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NewsBT section must stick to RPI, Court of Appeal says
BT has lost an appeal seeking to allow it to downgrade the inflation protection given to some of its defined benefit members.
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NewsRentokil announces £1.5bn buyout with PIC
Business services group Rentokil Initial has passed its £1.5bn of defined benefit liabilities to the Pension Insurance Corporation in a full buyout, adding to a record-breaking year for bulk annuity transactions.
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News
Southern Water agrees higher DRCs after regulator investigation
Utility company Southern Water has agreed to pay significantly higher deficit repair contributions under a shorter recovery period, following an investigation by the Pensions Regulator.
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NewsXerox MNT constituency opened up for all members
The Xerox Pension Scheme has broadened its employed member constituency for member-nominated trustees to include all members, due to the dwindling number of members who are employed by Xerox.
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News
Govt and scheme decision-makers told to tread with caution on CDC
Collective defined contribution schemes could produce a higher and more certain retirement income than individual DC schemes, but there are also many potential issues to consider, including intergenerational unfairness and governance problems, the Pensions Policy Institute has highlighted.
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NewsOnly one in 100 members wants paper comms, finds BAA scheme
The BAA Pension Scheme’s digital push on communications has led to virtually the entire membership opting to switch to electronic information.
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Features
Could co-sourcing be the answer to rising pensions admin woes?
Analysis: Uncertainty is an overused word in the pensions landscape, yet it is particularly appropriate when we speak of administration, which is teetering on the brink of crisis.
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OpinionTime to press ahead on CDCs
Guy Opperman, minister for pensions and financial inclusion, discusses the government’s recently published consultation on collective defined contribution pension schemes, and what it means for both employers and employees.
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OpinionIncreased self-service will boost data quality and raise admin standards
Good-quality, complete data is essential for pensions administration. Heather Quelch, head of pensions administration at TPT Retirement Solutions, discusses data cleansing and the importance of self-service for members.
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NewsBritish Coal scheme taps into UK infrastructure
The British Coal Staff Superannuation Scheme has introduced a new allocation to UK infrastructure and increased its exposure to private debt, as part of its focus on assets that provide diversification, good return prospects and high cash yields.
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News
600 Group completes buy-in ahead of scheme wind-up
UK engineering company 600 Group has derisked its 2,800-member defined benefit pension scheme with a $270m (£210m) buy-in policy from the Pension Insurance Corporation before moving to full buyout next year.
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News
Field and PPF express concerns over Johnston Press deal
On the go: Chair of the Work and Pensions Committee Frank Field has written to the Pensions Regulator about its engagement with Johnston Press on its pension scheme, which has now entered a Pension Protection Fund assessment period. The PPF has also raised concerns over the deal.
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OpinionIndustry must innovate to build on pension comms progress
Analysis: The government used this year’s Autumn Budget to commit £5m to getting the pensions dashboard off the ground.