All Defined benefit articles – Page 145
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Features
Are diversified growth funds the place to be?
Analysis: Experts remain divided over the value offered by diversified growth funds. While DGFs offer a source of return that comes with reduced risk and daily pricing, they have come in for criticism in recent years over a perceived lack of performance and value.
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OpinionWhat to consider before agreeing a switch to CPI
The appropriateness of the retail price index has been increasingly challenged in recent years, according to Hymans Robertson’s Alistair Russell-Smith, but around three quarters of the UK’s 6,000 defined benefit schemes still link their annual pension increases to RPI.
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News
Further details emerge on consolidator safeguards
Investors in The Pension SuperFund will not begin to receive returns on their capital until its consolidated schemes have passed a 115 per cent funding target, its executives have told the Work and Pensions Committee.
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Features
Which schemes are destined for the PPF?
The majority of smaller stressed defined benefit schemes are likely to end up in the Pension Protection Fund, according to consultancy Barnett Waddingham, as it raised concerns that the Pensions Regulator's new tougher stance may remove vital flexibility from the system.
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News
Are trustees engaging with fiduciary managers properly?
Most trustees are perfectly capable of operating beyond the conflicts of interest inherent in fiduciary management, but some small schemes lack resources and support, according to experts.
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Features
Cumbria implements equity protection strategy
The Cumbria County Council Pension Fund has joined the ranks of local authorities hedging their equity downside with an equity protection strategy. Nearly £1.1bn of the fund’s equities will be covered by the arrangement.
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NewsCoats proposes merger of its UK DB schemes
Industrial thread manufacturer Coats has proposed a merger of its three UK defined benefit pension schemes to cut costs and increase efficiency.
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News
GLIL relaunched under regulated structure
Infrastructure platform GLIL, formed in 2015 by the London Pensions Fund Authority and the Greater Manchester Pension Fund, has been relaunched under a regulated structure.
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NewsLeonardo Helicopters extends Pie and switches to CPI
Leonardo Helicopters has decided to keep its scheme open to accrual but plans to extend a pension increase exchange while tweaking the inflation measure for future benefit build-up.
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OpinionWorking for the future of savers and pensions
Pensions Expert readers know, better than most, just how complex pensions policy can be and just how much change there has been over the past five years.
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News
High Court rules against statutory limit for overpayment recovery
The High Court has ruled that defined benefit schemes are not subject to a time limit on their ability to recoup pension overpayments. Such a recovery must be carried out equitably by altering future payments, however.
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News
Plymouth & South West Co-op introduces illiquids and cuts DGFs
The Plymouth & South West Co-operative Society pension fund is decreasing its diversified growth fund exposure and introducing a new allocation to illiquid credit.
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News
Chatbots, GDPR and scams: Is admin in for a sea change?
Technological advances could mean pensions administration is about to become a lot sexier, but while cyber security evolves humans still need education if the industry is to protect pensions data and money.
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FeaturesHertfordshire bungles scheme actuarial reports
More than one hundred academies and colleges participating in the Hertfordshire County Council Pension Fund have been sent erroneous actuarial reports. These were subsequently used in the preparation of their own financial accounts.
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OpinionOne year out, Brexit is still a major pensions risk
The UK’s decision to leave the European Union has significant implications for the pensions industry and will continue to do so long after the UK’s formal exit.
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OpinionAdmit mistakes and encourage discussion to prevent repetition
Trustee decision-making has come under increased scrutiny in recent years, but there are plenty of ways in which trustees can avoid errors, and prevent the same mistakes from happening again.
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News
UCU suspends strike action to scrutinise USS valuation
The University and College Union has called to suspend all strike action after its members accepted an offer to examine the latest valuation.
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News
Pension questions raised after FirstGroup rejects takeover bid
FirstGroup’s rejection of a hostile takeover approach from US private equity group Apollo Management has sparked discussion on pensions.
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News
Select committee launches inquiry into DB white paper
The Work and Pensions Committee has launched an inquiry into the government's recent white paper on defined benefit security and sustainability, asking how the proposed measures are likely to be most effective and whether legislation should be fast-tracked.
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NewsAssociated British Ports consults on accrual change
Associated British Ports has proposed to change the accrual rate for its defined benefit pension scheme, in a bid to cut costs and focus on fairness while keeping the scheme open to accrual.