All Defined benefit articles – Page 180
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NewsEiopa opts for standardised risk framework
The European Insurance and Occupational Pensions Authority has advocated the creation of a standardised framework for risk assessment and transparency in EU pension funds, quashing long-running fears of a shift to more stringent solvency funding requirements.
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News
50-50 take up remains low, but tax changes could spur interest
Take up of a 50-50 option for members of local government pension scheme funds – which allows halving overall contributions – remains low but could rise with changes to pension tax next year.
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NewsCarr’s Group ploughs into surplus
Carr’s Group has reeled in its scheme deficit after years of steep cash contributions and restructured the scheme’s matching portfolio to shore up funding on the road to buyout.
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NewsHow to manage an overseas parent company
Any other business: A good relationship with a strong sponsoring employer is a great boon to a pension scheme, as it can mean access to a generous recovery plan and robust guarantees for the future of the scheme and its members.
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Features
Weir Group cuts deficit contributions with 15-year funding vehicle
Weir Group established a Scottish Limited Partnership with the trustee of its main defined benefit scheme last year, allowing the group to reduce its deficit recovery payments while adding to the security of members’ benefits.
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FeaturesITV absorbs Wireless Group DB scheme
Broadcasting company Wireless Group has signed over its defined benefit pension obligations to broadcaster ITV, under the terms of sale of its television entities to the media giant, showing that defined benefit schemes do not have to be left behind in mergers and acquisitions.
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Features
GKN continues derisking with £53m buy-in
Global engineering group GKN signed off a second pensioner buy-in during 2015, insuring an additional £47m of pensioner liabilities, as part of a broad strategy to manage asset and liability risk as the group’s UK schemes mature.
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News
Aberdeen transport fund swaps derisking provider in self-sufficiency push
The Aberdeen Council Transport Fund is rushing to replace a derisking solution as it seeks to update its investment strategy and target self-sufficiency.
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OpinionOffsetting costs from the end of contracting-out
Hogan Lovell’s Duncan Buchanan and Jill Clucas explain what options are open to employers and schemes for dealing with increased national insurance costs when contracting-out ends this week.
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NewsAG Barr plans scheme closure to manage risk
Drinks company AG Barr is planning to close its defined benefit pension scheme to improve employee equality and reduce the risk to the employer.
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NewsShipbuilding scheme docks £220m into LDI
The Shipbuilding Industries Pension Scheme has committed £220m to a liability-driven investment mandate run by Legal & General Investment Management, as it seeks to derisk and hedge against interest rate rises.
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News
Johnston Press longevity study cuts deficit by £53m
Regional publishing group Johnston Press has cut its IAS 19 deficit by £63m in the past year, with close to 85 per cent arising from changes to the mortality assumptions.
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News
Hertfordshire joins Access LGPS pool
Hertfordshire County Council Pension Fund has joined with 10 other local authority schemes to launch the £33bn Access asset pool, as Local Government Pension Scheme funds work through the governance implications of pooling.
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News4imprint hits home straight with buy-in conversions
Trustees of 4imprint’s defined benefit pension scheme have reached agreement to convert two previous buy-in arrangements to a buyout, as the US-focused company looks to tackle its UK legacy obligations.
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NewsNorthern Ireland Assembly latest to join public sector pensions reform push
Members of the Northern Ireland Assembly will be subject to significant changes to their pensions from the May 5 assembly election, bringing the country's politicians' retirement benefits in line with cost-saving efforts across the UK public sector.
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NewsRBS decision to pass on £18m NI costs to members 'unsurprising'
Members of the Royal Bank of Scotland’s defined benefit pension scheme are set to foot the bill for an £18m rise in the bank’s national insurance contributions following the end of contracting-out, raising the question of whether this practice could become the norm.
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News
PiP calls on government to bridge infra gap
The Pensions Infrastructure Platform has called on the government to make UK infrastructure more appealing to investors, in an effort to address the mismatch between government hopes for infrastructure investment and schemes’ need for returns.
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OpinionWhat a move to CPIH could mean for UK pension schemes
Analysis: A letter from the Office for National Statistics recently cast ripples of doubt over the future shape of UK consumer inflation statistics; a move to consumer price inflation including housing, or even a household inflation index could have far-reaching effects on UK pension fund benefits and liabilities.
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Features
Shell diversifies away from equities over market fears
The Shell Contributory Pension Fund has diversified its growth asset portfolio and reduced its equity holdings in response to concerns about the level of risk.
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News
Three complex investment issues demystified
PLSA Investment Conference 2016: Three pensions professionals were each tasked with explaining a complex investment issue in five minutes, demonstrating how things like good value, credit or Brexit can be explained to members.