All Defined benefit articles – Page 181
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News
Existing ties still a powerful influence in fid man appointments
Competition for fiduciary management has been bolstered by a rise in open tenders but existing relationships continue to be a dominant driver behind schemes’ choices and questions remain over the value of the approach.
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News
Isa set-up fails to win over pensions crowd
The industry has broadly rejected a wholesale shift of the current pension tax system towards an Isa-style approach, but some have woven together several ideas in an attempt to better incentivise saving.
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News
Welsh funds reach impasse on asset-pooling plans
Welsh local authority pension funds have made progress on mapping the road towards pooling their assets, but along with their peers are awaiting further details on the criteria around governance, size and cost.
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NewsAsset insourcing saves LPFA 75% on fees
FT Investment Management Summit: The London Pensions Fund Authority could run as much as half of its assets in-house within the next three years, cutting the fees charged on those assets by three-quarters.
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News
Regulator retreats from insolvency trustee appointments
Insolvency practitioners working for schemes' troubled sponsors are being encouraged by the Pensions Regulator to take the initiative in appointing trustees, which in many cases could shorten Pension Protection Fund assessment periods.
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Features
What prep have trustees made ahead of any tax changes?
Any Other Business: John McDonnell has laid bare his plans to end austerity and tackle the deficit by taxing the rich.
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Opinion
Nanny state necessary? What the ONS data says on the need to nudge
From the blog: Every morning and evening, I have to convince my three-year-old to brush her teeth. I try to make it as fun as possible, but really we both know it’s not a fun task – for either of us – it’s just something that has to be done.
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News
Pension dashboard could 'fail in its objective'
Pension dashboards enabling savers to view their retirement assets in one place are set to become a reality, but commentators have questioned how they will be funded and some fear they could do “more harm than good”.
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Opinion
How to take advantage of medically underwritten bulk annuities
Medically underwritten buyout prices are coming down, says Barnett Waddingham’s Gavin Markham, and it could be time for trustees to take advantage of them.
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Features
Smiths Group claws back deficit after 8-year fight
Technology and engineering conglomerate Smiths Group has reported a significant improvement in the funding position of its defined benefit pension schemes after pursuing a stringent eight-year derisking campaign.
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FeaturesAG Barr girds funding journey via asset-backed move
Irn-Bru owner AG Barr’s pension scheme deficit deteriorated by £18.4m in the year to January, but it anticipates key manoeuvres including an asset-backed funding plan will support its long-term funding position.
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News
LDI: Should schemes hedge now or ride it out?
News Analysis: Pension schemes wanting to derisk through liability-driven investment are faced with the conundrum of whether to hedge now or hope for rates to finally rise.
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Opinion
Where next for scheme accounting measures?
Changes to accounting standards have helped raise awareness of DB deficits but it is time for greater transparency, says BDO’s Richard Farr.
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News
Defying criticism: The other burden of being a lay trustee
Any Other Business: Lawyers, actuaries, professional trustees. The world of pensions is so full of highly specialised roles it can seem bizarre so much of the decision-making comes down to elected trustees who may have no experience with pensions.
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Opinion
Freedom for all: Why DB should have access to pension flexibility
Pension freedoms were announced with great fanfare in the chancellor’s autumn statement in 2014 and came into effect in April 2015.
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NewsPPF: 'Steady as she goes' approach for 2016/17 levy
The Pension Protection Fund has revised down its aggregate levy requirement for 2016/2017 but has urged schemes to continue to focus on risk reduction.
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OpinionWhy the pension consultancy market is a true oligopoly
From the blog: “Investment consultants have contributed to the poor performance of UK employer-backed pension funds by offering the same advice at the same time,” asserted a recent article in the Financial Times. And I could not agree more.
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FeaturesMorrisons delivers £150m property assets to secure scheme funding
Supermarket chain Morrisons has transferred a further £150m worth of property into an asset-backed funding vehicle in a bid to improve security for its pension scheme.
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News
PPF-plus compromise deals expected to rise
‘Compromise’ deals designed to secure benefits above lifeboat levels could increase over the next couple of years, as deficit reduction pressures continue to squeeze schemes and their sponsors’ balance sheets.
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NewsGranada appeal threatens contingent asset arrangements
Broadcaster Granada is appealing a High Court ruling in an attempt to recover £40m of gilts from one of its pension schemes, but lawyers say the case could jeopardise other employers’ non-cash contributions.