All Defined benefit articles – Page 158
-
OpinionCold call from a pensioner
Editorial: An elderly gentleman called me a few days ago at work. He was looking for someone who could help him access his pension pot.
-
News
GMB union hits out over pension funding in water industry
Trade union GMB attacked Prime Minister Theresa May over her statement in the Observer that she would "fine greedy bosses who betray their workers".
-
FeaturesShipbuilding scheme latest to invest in private debt
The Shipbuilding Industries Pension Scheme has made a £50m commitment to private debt, as investors increase their exposure to this asset class in the search for yield.
-
News
UUK will 'consider reintroducing DB' after DC switch
Universities UK has put forward a proposal to change the pension benefits for academics to defined contribution from April 1 2019, but has committed "to consider in three years’ time if defined benefits can be reintroduced should the scheme’s funding conditions improve".
-
News
Carillion directors called to joint inquiry
The Work and Pensions Committee and the Business, Energy and Industrial Strategy Committee are starting a joint inquiry into the collapse of Carillion, which has left thousands of employees and pension scheme members in limbo.
-
FeaturesLincolnshire council fund encounters data difficulties
The £2.2bn Lincolnshire County Council Pension Fund has had ‘amber’ reviews over administration and training.
-
News
Academics back strike action over USS DB closure proposal
Staff strikes are set to cause significant disruption across 61 of the UK's universities in February, after union members voted to take industrial action over changes to their pension provision.
-
NewsBT scheme to keep RPI amid bigger changes
The High Court has ruled in favour of the BT pension scheme trustees and denied BT the right to change the measure by which increases for its Section C scheme are calculated, but BT has said it is considering an appeal.
-
News
Consultants commit to flagging ESG factors
Sixteen investment consultancy firms have said that they will seek to ensure that pension schemes take into account environmental, social and governance factors where they are financially material.
-
NewsMay's promise to protect pensions lacks concrete solutions
Theresa May has pledged to stop executives who try to “line their own pockets” by putting pension schemes at risk, but questions over resourcing and legislative issues remain.
-
News
May promises to stop pensions being put at risk
Theresa May has promised to stop executives from putting pensions at risk.
-
News
High Court rules against proposed BT scheme CPI switch
Telecoms giant BT wanted to switch the measure by which pensions increase from the retail price index to the consumer price index, but the High Court has ruled against this change.
-
News
PPF releases update on contingent asset agreements
The Pension Protection Fund has published revised standard form agreements for contingent assets, along with new guidance. The update follows the December publication of the final rules for the PPF Levy for 2018-19.
-
News
Select committee questions TPR on Barclays scheme sponsorship
The Work and Pensions Committee is questioning the Pensions Regulator on the sponsorship of Barclays Bank’s pension scheme in relation to the company’s restructuring plans.
-
Features
Is it time to return to equities?
Analysis: Investors are the most overweight in equities relative to government bonds since August 2014. Might pension schemes share in this bullish outlook on equities?
-
News
Employers need individual guidance to navigate VAT rules, accountants say
The Pensions Research Accountants Group has responded to recent HM Revenue & Customs changes to the VAT treatment of pension fund costs, advising schemes to seek guidance on their individual circumstances.
-
Features
Do UK DB schemes have a covenant problem?
Analysis: Sponsor covenant and failed defined benefit promises are in the headlines again with the collapse of outsourcing giant Carillion. Could the liquidation be indicative of a wider national inability to pay pensions, and how should trustees react to a deterioration in their covenant?
-
News
GKN hits out at Melrose over pensions
Engineering company GKN has rejected what it said are indirect claims made by unsuccessful bidder Melrose Industries that GKN's pension liability has increased due to delays in closing its main scheme to accrual.
-
FeaturesDelivering the ill health pension
Any other business: Illness is an unconventional path to a pension transfer. But for the thousands of employees every year rendered unable to work through sickness, surviving financially through the mercy of an early pension might make all the difference.
-
News
Life expectancy falls by a year in some regions
Life expectancy growth in England is slowing, with some regions experiencing a drop of one year, according to research by Public Health England.