All Defined benefit articles – Page 15
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OpinionDefining the role of the scheme actuary
Shoosmiths partner Paul Carney explores the role of scheme actuaries and how far their influence reaches through the lens of a recent Court of Appeal ruling.
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News‘A fundamental point of fairness’: MPs call for action on discretionary increases
Major UK employers have been criticised by MPs for failing to ensure pension payments keep up with inflation.
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NewsAutomation ‘could save DB schemes £300m a year’
Automation could save defined benefit (DB) pension schemes tens of thousands of pounds a year, according to research by Spence & Partners.
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NewsBorder to Coast bags two awards at Investment Innovation Summit
Other winners of Innovation Awards include Scottish Widows, Clara Pensions, Penny and Cardano.
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NewsTPR: Time is running out to clean up your data
The Pension Regulator (TPR) has warned scheme administrators to make sure they deal with any data issues during the Pensions Administration Standards Association (PASA) conference in the City of London this week.
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NewsBulk annuity latest: Construction group seals £16m buy-in
Building company John Graham Construction has completed a £16m buy-in with Legal & General (L&G).
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NewsUse surplus to restore inflation protection, say trustees
The call comes as DB schemes are enjoying their largest aggregate surplus in years, and the government is seeking to provide more flexibility over accessing this money.
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OpinionThe case for discretionary increases is becoming compelling
Osborne Clarke’s Claire Rankin explains the different forces at play when trustees and employers consider discretionary pension increases.
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NewsTPR Annual Funding Statement: Is your scheme’s strategy fit for purpose?
Endgame options, climate risk and sponsor covenant all feature prominently in TPR’s latest annual funding statement.
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NewsSPP urges care over PPF valuation changes
Proposed changes to valuation metrics for schemes in the Pension Protection Fund’s (PPF) assessment period could push smaller funds away from better options in the insurance market, according to the Society of Pension Professionals (SPP).
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OpinionWill the PPF become a new endgame option?
Arc Pensions Law’s Sonya Fraser delves into the detail of the government’s plan for the PPF to become a consolidator of small pension schemes.
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News‘Capacity crunch’ risk as schemes failing to plan for dashboards
Less than half of pension schemes have a plan for connecting to the pension dashboard system, according to a poll from LCP.
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NewsPPF as a consolidator: the pros and cons
The pensions industry has called for caution as the government considers expanding the remit of the Pension Protection Fund (PPF) to become a public consolidator for defined benefit (DB) schemes.
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NewsTPR statement of strategy plan ‘asking too much’
The Pensions Regulator’s (TPR) proposal for scheme statements of strategy will create significant additional and unnecessary workloads for trustee boards, industry professionals have warned.
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NewsBulk annuity latest: Just Group announces two buy-ins
Insurance company Just Group has announced two bulk annuity transactions worth a combined £190m.
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NewsSupport for government surplus access plans
Defined benefit (DB) schemes could generate half a trillion pounds in surplus payments over the next decade, according to Van Lanschot Kempen.
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NewsDB schemes end Q1 in strong surplus position
Funding levels improved again in March, PPF data show, helping DB schemes to finish the quarter in a very strong position.
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NewsBulk annuity latest: De Beers seals £870m buy-in
Four bulk annuity deals worth a combined £1bn have been announced this week, further demonstrating the significant amount of activity in the insurance market.
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NewsBulk annuity update: Full scheme buy-ins for Next, Robertson Research
The latest transactions and data from the busy bulk annuity market, including deals backed by PIC, Just Group and Aviva.
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NewsDWP confirms timeline for dashboard connectivity
The Department for Work and Pensions (DWP) has set out the deadlines for pension schemes and providers to connect to the pension dashboard ecosystem, beginning from next April.