All Defined benefit articles – Page 14
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NewsLabour to mandate net-zero transition plans
Financial services organisations, including pension schemes, will be required to set out net zero transition strategies under plan put forward by the Labour Party.
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NewsManifesto pledge could end Mineworkers’ surplus sharing
The Labour Party has promised to end the surplus sharing arrangement with the Mineworkers’ Pension Scheme that has led to more than £4bn being taken out of the scheme.
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OpinionThe ‘lost pots’ issue is getting worse – it’s time to act
John Upton, policy analyst at the Pensions Policy Institute, is exploring and updating data on lost pots to help drive solutions to one of the industry’s biggest problems.
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NewsMercer to buy Cardano, NOW Pensions in major acquisition
Mercer has announced that it will purchase consultancy group Cardano including its £4bn master trust NOW Pensions.
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News‘Majority’ of schemes have professional trustees, research shows
More than half of defined benefit (DB) pension schemes have a professional trustee on their boards, according to a survey by Aon.
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NewsTrustees ‘must be wary of cyber risks’ after BBC breach
Law firm Burges Salmon has urged pension scheme trustee boards to put cybersecurity high on their agendas following recent data breaches.
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OpinionAn end-of-term report on pension dashboards
Richard Smith, volunteer chair of the Pensions Dashboards Operators Coalition, marks up the government’s progress and looks ahead to what the new government will need to do to realise the full benefits of dashboards.
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NewsDC contributions exceed DB payments for first time
The biggest listed companies in the UK paid more into their defined contribution (DC) schemes in 2023 than into defined benefit (DB) schemes, new research has found.
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NewsInnovation Interviews: How Clara brought a new consolidation model to market
Clara Pensions won the DB Innovation Award at last month’s Investment Innovation Summit. CFO Richard Zugic speaks to Pensions Expert about the company’s progress and its pipeline.
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NewsIsio launches illiquid asset disposal tool
Consultancy group Isio has launched an investment tool to help pension schemes sell illiquid assets.
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OpinionMansion House and the ‘butterfly effect’ on pension schemes
The Association of Member-Nominated Trustees’ Maggie Rodger looks at the many interconnected elements of the Mansion House proposals.
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NewsBulk annuities update: Arqiva completes £204m buy-in with PIC
Telecoms company Arqiva has secured a full scheme buy-in with Pension Insurance Corporation (PIC) covering deferred and retired members.
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NewsUSS replaces Capita with Procentia as tech provider
The UK’s largest pension scheme has appointed a new technology platform to cater for its 528,000 members.
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NewsBulk annuities update: ICI strikes £900m deal with L&G
The ICI Pension Fund has secured a £900m buy-in with Legal & General (L&G), the latest in a series of transactions. The latest deal covers more than 7,000 pensioners.
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NewsImprove communication to boost trust, survey says
The pensions industry needs to focus on improving communications with savers and scheme members in order to build trust in the system, according to Trafalgar House.
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NewsAviva and Scottish Widows join dashboard operators group
The UK’s largest insurer, Aviva, is among the three new members of the Dashboard Operators Coalition, the industry group set up to work with government to deliver the pension dashboard programme.
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FeaturesHow pension schemes are solving illiquid asset issues
Pensions Expert takes an in-depth look at how pension schemes, consultants and insurance companies are working to secure bulk annuity transactions despite issues caused by illiquid assets.
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OpinionRemuneration, cyber risk and beyond: the General Code unpacked
The Society of Pension Professionals’ Jessica Kerslake looks at some of the key elements of the Pensions Regulator’s new General Code.
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NewsDashboard costs rose by 23% in 2023, figures show
The estimated cost of the Pensions Dashboard Programme reached £289m in 2023, according to the National Audit Office (NAO), up from an initial estimate of £235m in 2020.
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NewsBulk annuities latest: Construction group seals sub-£5m buy-in with Aviva
A Preston-based construction group has completed a full scheme buy-in with Aviva, part of a plan to buy out and wind up the defined benefit (DB) scheme.