All Defined benefit articles – Page 15
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NewsCourt rules members should not lose out on DB amendments
A judge has ruled that members of a defined benefit (DB) scheme that lost out when it moved to a career average benefit structure can be reimbursed, while those who benefitted can keep their amended pensions.
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NewsTPT allocates £800m to new alternatives funds
The company plans to launch five more funds this year, covering all major listed and unlisted asset classes.
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NewsProfessional trustee firms on hiring spree as demand surges
The number of professional trustee appointments has surged by 11% over the past 12 months, with firms intensively recruiting to meet the current demand and future growth expectations.
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NewsTrustees urge focus on pension adequacy after election
With Labour forecast to win as many as two-thirds of the available seats at the general election next month, trustees have called for the new government to focus on retirement income adequacy.
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OpinionWhat role will a public sector consolidator play in the UK market?
Rosie Twist of the Society of Pension Professionals analyses how the DB market has changed in 15 years and how a public sector consolidator might help shape the next 15.
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NewsBulk annuity update: L&G targets £65bn in new business by 2028
Legal & General (L&G) expects to write up to £65bn worth of bulk annuity business by 2028, according to a business update.
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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.