All Defined benefit articles – Page 14
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NewsLCP takes over executive functions at National Grid scheme
The executive and governance team at the £11.8bn National Grid UK Pension Scheme has transferred to consultancy group LCP.
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NewsUK facing ‘cliff edge’ on pension provision
The UK is facing a “cliff edge of challenges” for its £2trn pensions system including low engagement, poor savings levels and low productivity, according to Mercer.
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NewsTrustees increase focus on endgame planning
Almost nine in 10 trustees of defined benefit (DB) pension schemes are expected to decide their endgame strategy within the next five years, new research suggests.
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NewsBulk annuities latest: Scottish Milk scheme insures with Just for £42m
The latest defined benefit insurance transactions also include a £34m deal for the Macmillan charity’s scheme.
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FeaturesIs better funding leading to changes to valuation dates?
After the BBC decided to bring forward its triennial valuation in light of improved funding, Pensions Expert looks at whether more schemes are likely to follow.
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NewsXPS launches illiquid asset trading service
XPS Group has become the latest to launch a specialist trading platform for private markets assets, as defined benefit (DB) schemes seek to prepare for insurance transactions.
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NewsBBC reschedules valuation as scheme hits surplus
The broadcaster’s £13.8bn defined benefit scheme registered a £103m surplus at the end of March this year.
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NewsUSS, Railpen announce major UK investments
The Universities Superannuation Scheme (USS) and Railpen have separately announced major new investments in UK private market assets.
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NewsCharity DB schemes approach full funding
Funding levels at charity defined benefit (DB) schemes have improved substantially over the past five years, according to new data.
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NewsHow to get pension schemes investing in productive assets
The Pensions and Lifetime Savings Association (PLSA) has set out a series of actions for government to make key areas of productive finance more investable for pension schemes.
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NewsPensions sector moves to protect staff as riots hit UK
Staff in the pensions industry have faced increased racist abuse as violent riots have gripped parts of the UK in recent days.
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NewsBulk annuities update: Three buy-ins secure 900 members’ benefits
Three sub-£50m buy-ins have been announced this week, securing the benefits of 928 deferred and retired people with insurers Just, Canada Life and Aviva.
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NewsDashboards latest: Trafalgar House warns of admin ‘tech debt’
Trustees should challenge administrators to show that they have up-to-date technology and security systems to cope with current and future challenges, according to Trafalgar House.
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NewsFast buy-ins risk increasing wind-up costs, Hymans warns
Defined benefit (DB) schemes are accelerating to buy-in transactions but leaving “glaring gaps” in preparation for full scheme wind-up, according to Hymans Robertson.
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NewsRailpen tackles payment errors with system review
Railpen is undertaking a review of its benefits system after it discovered errors in members’ pension payments.
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NewsL&G insures Essity pension scheme for £1.1bn
Legal & General (L&G) has finalised a £1.1bn buy-in with the SCA UK Pension Plan, securing the benefits of 9,500 members.
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NewsMarket for large bulk annuity deals slowed in H1, data shows
The bulk annuity market saw fewer large transactions in the first half of 2024 than expected, according to data from XPS Group.
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NewsBulk annuity latest: Greggs completes £100m buy-in with Aviva
High street bakery chain Greggs has secured its defined benefit (DB) scheme with Aviva in a £100m buy-in deal.
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NewsCalls for government action after Virgin case ruling
Industry groups have called for government intervention in the wake of the Virgin Media-NTL case, which has cast significant uncertainty over the defined benefit (DB) sector.
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NewsTPR promises to be ‘reasonable’ over funding code
The new Defined Benefit (DB) Funding Code has been laid before parliament, paving the way for the long-awaited revised regulatory framework for DB schemes to come into force.