All Defined benefit articles – Page 17
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NewsImprove communication to boost trust, survey says
The pensions industry needs to focus on improving communications with savers and scheme members in order to build trust in the system, according to Trafalgar House.
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FeaturesHow pension schemes are solving illiquid asset issues
Pensions Expert takes an in-depth look at how pension schemes, consultants and insurance companies are working to secure bulk annuity transactions despite issues caused by illiquid assets.
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NewsAviva and Scottish Widows join dashboard operators group
The UK’s largest insurer, Aviva, is among the three new members of the Dashboard Operators Coalition, the industry group set up to work with government to deliver the pension dashboard programme.
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OpinionRemuneration, cyber risk and beyond: the General Code unpacked
The Society of Pension Professionals’ Jessica Kerslake looks at some of the key elements of the Pensions Regulator’s new General Code.
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NewsDashboard costs rose by 23% in 2023, figures show
The estimated cost of the Pensions Dashboard Programme reached £289m in 2023, according to the National Audit Office (NAO), up from an initial estimate of £235m in 2020.
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NewsBulk annuities latest: Construction group seals sub-£5m buy-in with Aviva
A Preston-based construction group has completed a full scheme buy-in with Aviva, part of a plan to buy out and wind up the defined benefit (DB) scheme.
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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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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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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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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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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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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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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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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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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.