All Defined benefit articles – Page 171
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News
Expertise key to exploiting multi-asset solutions
Schemes looking to multi-asset strategies to generate positive cash flow while derisking may have to turn to specialist managers to reduce their potentially significant governance burden.
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OpinionBad cases make bad law
Hugh Nolan from the Society of Pension Professionals sets out his views on the recent pension fund issues to hit the news.
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NewsEurope sneezes, the world catches cold: ICI falls 7.7 points in a month
State Street’s monthly Investor Confidence Index for July fell by 7.7 points globally from June, driven primarily by a drop in the European index following recent turmoil in the region.
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NewsNational Milk Records cuts £6.2m with CPI switch
The National Milk Records pension fund has cut £6.2m from its deficit following a switch from the retail price index to the consumer price index as a means of calculating inflation-related adjustments to the fund.
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NewsSelect committees: Philip Green has ‘moral duty’ to help fix BHS pension deficit
A joint report published by the Work and Pensions Committee and the Business, Innovation and Skills Committee found negligence caused BHS’s pensions deficit, and opened the possibility of increasing the Pensions Regulator’s powers.
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News
Altmann slams PPF cap change delays
If Baroness Ros Altmann was less outspoken on issues of reform during her stint as pensions minister, she is certainly making up for lost time, launching her fourth attack on government policy in almost as many days.
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FeaturesPlumbing scheme plans to seek guidance from Scottish courts as government drags feet on s75
Plumbing Pensions’ prolonged consultation with a departing employer over its exit fee has brought to light fundamental problems with section 75 debt legislation as it currently stands for non-associated multi-employer schemes.
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News
The looming DB skills gap: What can be done to slow the brain drain?
Any Other Business: Administration specialist Trafalgar House has urged the pensions industry to address the growing risk of an imminent defined benefit skills gap as schemes wind down and the industry fails to attract a new generation of talent.
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OpinionWaiting for the sunshine: The challenges facing DB
The Pensions and Lifetime Savings Association’s Graham Vidler sets out the difficulty facing defined benefit schemes following Brexit, and explains how the PLSA will work to help the industry weather the turbulence that has followed the vote.
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News
CFOs pushed to increase focus on DB schemes
A new survey has found that 59 per cent of chief financial officers said they should become more involved with the management of their companies’ defined benefit schemes, following a steep post-Brexit DB deficit increase.
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NewsUnite plans strike ballot as Post Office mulls scheme closure
Unite, the union, is seeking a mandate for strike action from its members who work for the Post Office following proposals to close the defined benefit scheme to accrual.
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NewsFCA scheme becomes latest to benefit from discount rate move
The Financial Conduct Authority Pension Plan has become the latest in a series of schemes to announce an improvement in its financial position arising from an increase in the discount rate.
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OpinionThe PPF’s funding strategy: A long-term view
More than a decade after our creation we remain confident of our financial position. In our last published annual report and accounts, we had £3.6bn in reserves, a 115.1 per cent funding ratio, more than £22bn of assets and responsibility for more than 220,000 members.
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NewsDe La Rue extends recovery plan and ups bonds
Banknote and passport printer De La Rue has agreed an extended recovery plan with its pension scheme trustees after its most recent actuarial valuation showed an increased deficit of £252m.
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News
DB taskforce encourages credit innovation to tackle deficits
Finding solutions to the defined benefit funding crisis will require the pensions industry to “challenge conventional thinking”, the chair of the Pensions and Lifetime Savings Association’s new DB taskforce has said.
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FeaturesFinal date set for Box Clever trustee and ITV showdown
Trustees of the Box Clever Pension Scheme and ITV were back in court last week, in the latest round of a four-year legal battle to force the broadcasting giant to help make good the fund’s £90m deficit.
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News
Risk-averse DC members shy away from DGFs
At a Pensions Expert event this week, panellists debated how best to incorporate multi-asset strategies into defined benefit and defined contribution portfolios, agreeing that such strategies will become much more geared towards DC in the future.
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OpinionHow to keep on top of an ageing workforce
Over-50s are set to become the dominant age-group in the UK’s workforce, new analysis has shown, leading to potentially dramatic changes for employers and trustees.
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News
Experts eye hedging and CPI as UK DB deficit up £170bn in weeks
UK defined benefit pension deficits grew by £170bn over seven weeks in the run-up to the EU referendum, jumping to £900bn as market volatility following the result put further strain on funding positions.
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Features
Carclo deficit highlights pitfalls of equity exposure
Technical plastics manufacturer Carclo is adding liability-driven investment mandates and continued support for diversified growth funds to its defined benefit scheme portfolio, after poor equity market performance saw its deficit almost double.