All Defined benefit articles – Page 184
-
OpinionThe GMP reconciliation deadline is fast approaching – how to get there if you’re late
We are rapidly approaching the end of contracting-out in April 2016. Gillian Hickey at Trafalgar House says what schemes can do to meet the 2018 deadline.
-
News
Pie generates £23m for Centrica
Utilities provider Centrica has saved £23m on future pension liabilities after a pension increase exchange was taken up by a quarter of retired participants across three of its defined benefit sections.
-
FeaturesMarket effects of possible Brexit throw up investment questions
Analysis: Trustees must consider how growing uncertainty over the UK’s future in the European Union could hit their holdings, consultants have said, identifying both headwinds and opportunities en route to the referendum.
-
News
Regulation and markets force schemes to step up on governance
Efforts to cope with a combination of market volatility and demographic shift towards an older population are causing pension schemes to re-examine and improve their governance structures, research from State Street this week showed.
-
Features
BMA hunts for yield with long-lease property
The British Medical Association Pension Scheme has invested in long-lease property since 2007, enabling the fund to 'smooth the ride' through long-term property cycles while securing a fixed income stream.
-
News
LGPS meets first pooling landmark
The Local Government Pension Scheme submitted initial proposals for asset pooling last week, but talks between funds are ongoing as the scheme works to meet government benchmarks.
-
NewsNHS cash for pensions offer could open loophole
An NHS trust has come under scrutiny for offering nurses cash to opt out of the pension scheme, which experts have said could lead to other employers copying the move.
-
NewsIndustry concern over government's 'dangerous' ESG proposals
A proposal that would empower the government to intervene in local government pension investment decisions where they contradict British foreign policy has raised concern in the pensions industry.
-
FeaturesIsle of Man faces up to DB sustainability question
The Isle of Man government last week made clear its intention to further reform public sector pensions on the island, a microcosm of UK schemes struggling to remain sustainable.
-
Features
Weathering the storm: How to tackle scheme closure
Analysis: Defined benefit scheme closures present significant challenges to all parties involved, but how can sponsors ensure they engage their workforce in meaningful consultation?
-
Features
BA transfer value review puts spotlight on older members
Trustees of the British Airways Pension Scheme have rebalanced the scheme’s transfer value basis towards younger members, but anticipate the net impact of the shift will be cost neutral to its funding position.
-
NewsM&S scheme in ample surplus as hedge pays off
The Marks and Spencer Pension Scheme has swung into surplus, thanks to a combination of outperformance of return-seeking assets and full hedging of interest rate risk, the company said last week.
-
News
Transfers to be streamlined as more ask for quotes
The Pensions Regulator will introduce new guidance to ensure transfers between defined contribution schemes are completed promptly, the government said last week. This comes as defined benefit transfer values recovered in January after hitting a low in December.
-
FeaturesBritish Coal derisks to support structural change
The British Coal Staff Superannuation Scheme has revised its asset allocation, which included selling equities and buying government bonds, following changes to the scheme’s structure.
-
NewsOmbudsman ill-health decision underscores complexity for members
Schemes have been urged to maintain open channels of communication with employers and members around ill-health benefits after an ombudsman determination ruled against a member’s attempt to "rewrite history".
-
NewsRM deficit reduction highlights need to be proactive
Online teaching tools supplier RM has shortened its recovery plan and reduced its deficit by more than £10m using a combination of contributions, updated member information and a buy-in.
-
NewsCap on golden handshakes could affect average earners at Magnox
Workers across the public sector will see a £95,000 cap on exit payments under a new clause added to the 2015-16 enterprise bill which could hit average earners at nuclear decommissioning company Magnox.
-
OpinionInvestment lessons from DB
Talking Head: Defined contribution schemes could pool assets and risk to improve returns, says the Society of Pension Professionals’ Duncan Buchanan.
-
News
New code firms up boundaries on incentive exercises
A revised code of practice on incentive exercises will provide trustees and employers with practical tips on problem areas, as schemes begin to target more holistic derisking strategies.
-
NewsRenishaw recognises true liability as IFRIC 14 bites
Gloucestershire-based engineering company Renishaw’s defined benefit liabilities jumped £15.6m above the IAS 19 accounting deficit at the end of last year, as experts highlighted the impact the accounting measure IFRIC 14 has on scheme valuations.