All Defined benefit articles – Page 177
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News
Treasury scraps plans for secondary annuity market amid consumer protection concerns
Proposed reforms to create a secondary annuity market have been abandoned due to concerns about consumer protection and value for money.
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News
DB schemes should look at upping investment risk, taskforce says
PLSA Annual Conference 2016: Defined benefit pension schemes should look at whether they can stomach additional investment risk to minimise employer solvency risks, the chair of the DB Taskforce said on Thursday.
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NewsPensions minister outlines plans, warns of AE challenges
Pensions minister Richard Harrington laid out his intentions for the pensions industry today, speaking at the Pensions and Lifetime Savings Association’s annual conference in Liverpool.
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News
Rising gilt yields: Inflationary worry or time to buy?
Recent weeks have seen 10-year gilt yields reach 1.16 per cent, their highest level in four months, in a sign inflation is creeping up in the UK economy.
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NewsNortel scheme could avoid PPF after creditor agreement
The trustees of the Nortel UK pension scheme edged closer to repairing its deficit last week as they reached a consensus with other stakeholders and creditors on how to divide their insolvent sponsor’s residual assets.
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Features
Oxford University Press tackles pensions fraud with data matching
The Oxford University Press pension scheme has volunteered to take part in the Cabinet Office’s National Fraud Initiative data matching exercise to help detect and prevent benefit fraud.
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FeaturesKingfisher ups hedging level as scheme slips into surplus
Screwfix and B&Q owner Kingfisher’s defined benefit fund has extended its programme of hedging interest and inflation risk, allowing the scheme to maintain its strong funding level amid a low-yield environment.
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FeaturesNESPF adds DGFs and PE after global equities disappointment
The North East Scotland Pension Fund has taken further steps to diversify its growth portfolio, divesting from underperforming global equities and allocating to a range of private equity houses and diversified growth funds.
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OpinionHow members' mental health issues affect pension schemes
Any Other Business: Every year 70m working days are lost due to mental health, while a quarter of people consider resigning due to stress, according to the Mental Health Foundation, so how do work-related mental health issues affect pension schemes and employers?
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News
TPR and PPF call for muscular regulation
Both the Pensions Regulator and the Pension Protection Fund have called for more wide-ranging, interventionist regulation of defined benefit schemes, evidence published by the Work and Pensions Committee has this week shown.
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FeaturesEdinburgh University proposes raft of changes to plug scheme deficit
The University of Edinburgh has proposed a number of changes to its defined benefit pension fund to make the scheme more affordable and sustainable, as its deficit has risen by a quarter.
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FeaturesComet scheme enters alternatives space
In a bid to improve diversification and returns, the Comet Pension Scheme has added alternatives to its portfolio, as rising deficits and the current economic environment prompt many pension funds to hunt for yield.
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Features
DWP silence on GMPs blocks Smiths implementation
Two UK defined benefit schemes operated by technology company Smiths Group have said they will implement guaranteed minimum pension equalisation but need further clarification from the Department for Work and Pensions to do so.
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FeaturesStagecoach tightens governance reins with scheme merger
Stagecoach Group has merged one of its smaller pension plans with its £1.3bn defined benefit scheme, but the company has maintained a separate section for the smaller fund, keeping liabilities separate while potentially sharing some costs.
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News
TPR uses lesser-known power to move scheme into the PPF
The Pensions Regulator has used its voidable modification powers to move a scheme attached to an insolvent employer into the Pension Protection Fund, it reported this week.
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OpinionUnpacking the proposed DB bill
Aries Insight’s Ian Neale gives us a primer on the defined benefit bill proposed by Frank Field MP, which promises to set a path for how the contentious issues will be tackled.
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News
Select committee inquiry: What should change to safeguard DB?
As the deadline for submitting views on defined benefit to the Work and Pensions Committee has passed, experts say there is a need for greater flexibility, potential benefit reductions and increased powers for the Pensions Regulator.
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NewsQuestions surround Bernard Matthews sale as PPF prepares to step in
Turkey producer Bernard Matthews has gone into administration, with the pension scheme expected to enter the Pension Protection Fund assessment period, but questions remain as to why the scheme was allowed to fail.
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FeaturesRBS scheme diversifies with US life settlements
The RBS Pension Scheme has made a number of new investments as part of its long-term plan to diversify its portfolio.
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Features
Employers congregate to solve Baptist scheme deficit
The Baptist Union of Great Britain has established an employer group to develop a strategy for plugging the scheme’s increased deficit.