All Defined benefit articles – Page 139
-
News
PPF to top up pensions to 50% ahead of legislation
On the go: The Pension Protection Fund is to begin topping up the benefits of members whose compensation has fallen below half of their original entitlement “as quickly as possible”, after a European court found its current payment structure unlawful.
-
NewsThales ups alts for predictable cash flows
Trustees of the Thales defined benefit pension fund have taken steps to move away from listed equities and increased the scheme’s exposure to investments with more predictable cash flows.
-
Features
Lambeth invests in multi-asset credit
The London Borough of Lambeth Pension Fund has invested around £75m into multi-asset credit from its corporate bonds allocation. It is also weighing up investment in private debt alongside other Local Government Pension Schemes.
-
FeaturesNortel's £2.4bn buyout pricing beats offers from superfund
When Canadian telecoms company Nortel filed for bankruptcy in 2009, prospects for its defined benefit pension scheme members looked bleak.
-
News
FTSE 100 DB risk drops nearly a quarter
The aggregate risk across FTSE 100 defined benefit schemes has fallen to its lowest level in four years, according to research that seeks to integrate covenant and investment risk.
-
News
PPF: UK DB liabilities drop by another £40bn
On the go: Defined benefit funding levels have risen over September, bringing the UK's aggregate deficit to £38.7bn on the Pension Protection Fund's section 179 basis.
-
OpinionPensions at the party political conferences
Aegon’s Kate Smith explores the pensions policies hidden in the three main parties’ agendas, and explains why Brexit pressures mean few of them are likely to see the light of day.
-
OpinionWhat might the govt’s regime for commercial consolidators entail?
Since the Department for Work and Pensions published its white paper on defined benefit sustainability, two DB commercial consolidators have emerged. Paul McGlone, president of the Society of Pension Professionals and partner at Aon, discusses what the government’s authorisation and supervision process for commercial consolidation might look like.
-
OpinionCash flow management is DB’s new admin headache
From the blog: The balance of payments for defined benefit pension schemes has shifted. With estimated active DB members numbering less than 500,000 and more than 5m members in receipt of their pension, most DB schemes have a negative cash flow.
-
News
Nortel bought out after 9-year struggle
On the go: The UK pension scheme of failed telecoms giant Nortel has been bought out with Legal & General in a £2.4bn transaction, bringing nine years of uncertainty for members to an end.
-
News
Civil partner LGPS survivor benefits set to match widows
Survivors of same-sex civil partnerships and same-sex marriage will receive the same survivor benefits as those provided to widows under new proposals for the Local Government Pension Scheme.
-
FeaturesBBC matches cash flows after strong 2017 returns
The BBC Pension Scheme has slashed its exposure to equity markets, in an attempt to lock in recent outperformance with liability-driven investment, private credit and alternative matching assets.
-
Features
How will scheme exposure to real estate evolve post-Brexit?
Brexit Day is looming, but nobody really seems sure about what the outcome might be, and how the UK is going to get there.
-
NewsFCA to carry out further research on contingent charging
The Financial Conduct Authority has said it needs to carry out more analysis on whether to ban contingent charging, recognising that charging for advice only when a member decides to transfer does not in itself drive poor outcomes for consumers.
-
OpinionIt's not easy being green
Editorial: These days it is hard to deny that climate change is a material risk to a wide range of investments.
-
News
More than 40 schemes in talks with Clara
Commercial consolidator Clara Pensions has entered into talks with more than 40 defined benefit pension schemes regarding potential transfers into the superfund, management has revealed.
-
News
LGPS pools see opportunity in housebuilding push
Chairs of Local Government Pension Scheme asset pools have stated their willingness to provide capital for housebuilding in the UK, but insisted any real estate investments will be viewed through a financial, rather than a political, lens.
-
OpinionThe evolution of the outcome-oriented DB investment solution
Data Crunch: Broadridge’s Jonathan Libre takes a look at the evolution of defined benefit investment strategies to date, and outlines potential new trends as final salary plans mature.
-
OpinionHow should schemes react to stagnating life expectancy?
Life expectancy in the UK has flatlined in the past two years. Is this a blip, or will we see a return to the fast improvements seen at the start of the century? Hugh Nolan, director at Spence & Partners, discusses how trustees can manage scheme funding despite this uncertainty.
-
News
ESG confusion hindering smaller schemes
Smaller pension schemes lack the governance, investment choice and concrete understanding required to properly engage with environmental, social and governance factors, according to the Pensions Policy Institute.