All Defined benefit articles – Page 149
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News
Handful of schemes in advanced talks with Pension SuperFund
The Pension Superfund has engaged in serious dialogue with approximately a dozen pension schemes with a view to them transferring into the defined benefit consolidator, according to its new chief executive.
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Opinion
Advertising transfer values: trustee duty or danger to members?
When trustees at the Rexam Pension Plan noticed a substantial spike in defined benefit transfers out of the scheme last year, it seemed like good news.
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News
Field asks TPR to learn lessons as Kodak zombie set to enter PPF
The chair of the Work and Pensions Committee has written to the Pensions Regulator asking it to reflect on lessons it should have learned from its handling of the Kodak Pension Plan, which this week announced it faced Pension Protection Fund entry.
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OpinionTrustees must not shirk responsibility on DB transfers
From the blog: The Merchant Navy Officers Pension Fund has, in common with many other defined benefit pension schemes, seen a significant increase in transfers out of the fund since the introduction of pensions freedoms introduced three years ago under the then pensions minister, Steve Webb.
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News
Mercer parent's JLT acquisition brings consulting giants under one roof
On the go: Marsh & McLennan, the insurance broker and consultancy that owns Mercer, has announced it is to buy Jardine Lloyd Thompson for $5.6bn (£4.3bn) in cash.
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FeaturesIslington scheme to wind down carbon investment
The London Borough of Islington Pension Fund has agreed to reduce its investment in fossil fuels, following lobbying efforts from local environmental activist group Fossil Free Islington.
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PodcastsPodcast: How should trustees be monitoring their employer covenant?
Podcast: Over the last few years, headlines highlighting several high-profile defined benefit pension cases have hammered home the importance of having a strong covenant. Mark Evans, director at Independent Trustee Services, and Adolfo Aponte, director at covenant specialists Lincoln Pensions, explain how trustees can keep tabs on their employer.
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News
TPR to introduce one-to-one supervision for 25 biggest schemes
On the go: The Pensions Regulator has introduced a new supervision regime, which includes one-to-one supervision of 25 of the largest schemes in the UK, and will aim to monitor all schemes more closely.
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News
Transparency worries hinder flows into active quant strategies
More than half of institutional investors are wary of using quantitative investment strategies, with a perceived lack of transparency registering at the top of investors’ concerns, according to new research.
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OpinionRegulation must adapt to protect members in consolidation deals
Darren Redmayne from Lincoln Pensions outlines the regulatory and guidance framework that could help facilitate safe transfers to commercial consolidators, and the steps defined benefit trustees might take in the interim.
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OpinionSin stocks under scrutiny
Editorial: Responsible investment campaigners notched a significant win last week, with the government publishing long-awaited regulations on environmental, social and governance disclosures.
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News
DB governance: Small schemes fail to keep pace
Small defined benefit schemes are still lagging behind their larger counterparts when it comes to governance standards, new research from the Pensions Regulator has shown.
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News
One-fifth of FTSE 350 companies do not declare DB funding positions
Employers should be legally required to disclose their defined benefit scheme deficits on a technical provisions basis, along with details of the associated recovery plan durations and contributions agreed, Lincoln Pensions has said.
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News
UK’s three biggest public schemes failing on climate change
The Universities Superannuation Scheme, the Railways Pension Scheme and the Electricity Supply Pension Scheme have been slammed for the quality of their response to climate change.
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News
CJEU rules against PPF cap
On the go: The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.
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News
PPF must not cut pensions by more than half, EU court rules
The Court of Justice of the European Union has ruled that the cap imposed on benefits paid by the Pension Protection Fund is unlawful when it reduces the payments made to a saver by more than half.
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FeaturesEnfield cuts equities for MAC following review
The Enfield Pension Fund’s policy and investment committee has agreed to move £50m into multi-asset credit from equities, following a comprehensive review of its fixed income portfolio with its investment adviser.
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NewsNHS pensions delayed after in-house admin transition
NHS workers are experiencing delays when claiming their pensions, owing to glitches after payroll administration was moved in-house from third-party administrator Equiniti.
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OpinionSurplus poses opportunities and challenges for PPF
The Pension Protection Fund’s surplus has the power to significantly alter the fortunes of the UK’s defined benefit members and employers, writes Society of Pension Professionals president Paul McGlone, but deciding when, how and to whom to distribute it will prove an intriguing challenge.