All Defined benefit articles – Page 162
-
NewsPLSA ‘superfunds’ solution gets lukewarm reception
The Pensions and Lifetime Savings Association is calling on the government to facilitate consolidation while creating a regulatory framework for the creation of superfunds, but the proposal has seen a muted response.
-
NewsTrustees must secure funding after GM sells Vauxhall to PSA
General Motors has announced the sale of Vauxhall to French car manufacturer PSA Group, but will retain responsibility for the company’s UK pension obligations, sparking concerns over the security of members' benefits.
-
NewsPLSA kick-starts year-long diversity debate to improve pensions
The Pensions and Lifetime Savings Association is moving into new territory by starting a year-long focus on diversity with the aim of achieving better pensions, but has restricted its efforts to gender questions.
-
News
Government to appeal ruling on discrimination
The government is set to appeal the employment tribunal’s recent verdict that more than 200 judges suffered discrimination as a result of pension changes. Meanwhile, the Fire Brigades Union is planning to challenge the result of a similar discrimination case, which it lost this year.
-
FeaturesBAE Systems' Airbus section ready for take-off
British defence giant BAE Systems has created a new scheme section for Airbus employees, to increase transparency while giving direct responsibility to the companies involved.
-
News
BHS deal welcomed but views split over DB framework
Sir Philip Green will contribute £363m to a new pension scheme for former employees of BHS, under a settlement arrangement that achieves better outcomes for members than entry into the Pension Protection Fund.
-
News
Buyouts more affordable but only for a handful of schemes
Buyouts have become more feasible as annuity pricing for non-pensioners has improved, but some experts say many schemes still have a long way to go before being able to afford a buyout or buy-in transaction.
-
FeaturesMPs’ scheme votes for secured loans over REITs
The Parliamentary Contributory Pension Fund has simplified its property portfolio and invested proceeds in a European loans mandate, with a view to generating income.
-
News
Pressure grows to provide pre-1997 inflation-proofing
Pensions minister Richard Harrington has demanded that the chief executives of companies including Hewlett Packard Enterprise and 3M explain their refusal to grant discretionary increases to members with benefits accrued before 1997.
-
NewsThe jury is still out on robo-advice
The pensions industry must focus on technology and consumer engagement to keep up with changing demographics and work habits, but opinions are divided over whether robo-advice is the best solution.
-
News
LGPS gets LTA and AA modelling tools, but tax complexity limits benefits
The Local Government Pension Scheme has introduced a check tool for members as the lifetime and annual allowances complicate life for those with large defined benefit pensions and higher salaries.
-
News
'Greenest of green papers' explores DB sustainability options but lacks urgency
A wide-ranging government green paper is exploring a number of possible changes to improve the sustainability of defined benefit schemes, but although experts welcomed the variety of issues discussed, some noted a lack of urgency.
-
NewsHenderson agrees recovery plan after funding fall
Investment manager Henderson Group has agreed a recovery plan with its trustees after its defined benefit scheme fell out of surplus at the latest triennial valuation.
-
News
LPFA feels divestment pressure
The London Pensions Fund Authority is under pressure from London Mayor Sadiq Khan to divest entirely from fossil fuel holdings, but says it prefers working with companies and fund managers over divesting.
-
NewsDiageo DB deadlock set to end after union split
Drinks company Diageo has avoided a strike by members of its defined benefit pension schemes after union members accepted a deal, bringing to an end months of back-and-forth.
-
FeaturesCancer Research scheme takes the plunge into LDI
Trustees of Cancer Research UK’s defined benefit pension fund have put in place a new liability-driven investment allocation, minimising funding volatility following the EU referendum.
-
Opinion
Looking for a silver lining: Focus shifts to housing wealth as pension incomes hit a high
Analysis: Statistics seem to show that pensioners' incomes are now higher than other people's, but experts say there are many facets to the intergenerational fairness question.
-
OpinionHow should DB funding be measured?
The industry debate raging over how defined benefit liabilities should be measured recently got a boost when post-Brexit government bond yields plumbed new lows.
-
NewsJohn Lewis slashes deficit with CPI switch
Retailer John Lewis has agreed a new recovery plan with the trustees of its defined benefit scheme after a large reduction in the funding deficit, due in part to a change in inflation indexing.
-
News
Greater flexibility needed to cope with growing longevity
The Department for Work and Pensions has called on employers to facilitate working at an older age so over-50s benefit from the same opportunities as their younger counterparts.