All Defined benefit articles – Page 185
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NewsDebenhams splashes out more on recovery despite surplus
Debenhams pension scheme trustees have secured higher employer contributions as part of the recovery plan despite having reached an IAS 19 surplus earlier this year, demonstrating the discrepancies between two scheme funding calculation methodologies.
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Features
Long-term view clouded by uncertainty for LGPS
Long-term risk-reduction planning remains the priority for the Local Government Pension Scheme, but growing uncertainty about the future is making it difficult for member funds to carve out strategic objectives.
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News
MiFID II: LGPS retail label could stymie alternative investments
Local government pension funds could find themselves reclassified as retail investors from 2017 under an upcoming European directive, raising questions over schemes’ access to certain investment strategies.
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Opinion
Johnson: Pension ostriches need a shakeup
Letter: Robert Gardner’s excellent article ’Collective response to an unprecedented problem’ screams ‘unsustainable’: something has got to give. The question is what?
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News
Autumn Statement could blow icy winds for LGPS
An anticipated hit to local authority funding in the government's Autumn Statement next month is threatening to ratchet up pressure on the Local Government Pension Scheme.
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News
NESPF saves 108 days with new payroll software
North East Scotland Pension Fund has made “huge savings” in administration costs and time through its new payroll software, allowing it to focus on the changing structure of the Scottish Local Government Pension Scheme.
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News
Trustees are struggling in funding negotiations
The Pensions Regulator will undertake an in-depth review of its 2014 defined benefit funding code next year, as trustees struggle to exert power against employers armed with the watchdog’s new strategic objective.
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Opinion
The battle for DB: Ideas to turn around its fortunes
From the blog: Foggy heads met misty eyes on the morning after the gala dinner at last week’s NAPF/PLSA conference, as four high-profile industry figureheads laid out their ideas to save defined benefit in the DB Debate.
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Opinion
How DB schemes can offset end of contracting-out costs
The end of contracting out means extra costs for defined benefit sponsors and members. CMS Cameron McKenna’s Johanna Clarke and Keith Webster reveal how employers can ease some of the pain.
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News
Fifth of schemes have not updated DB transfer communications
Close to a fifth of defined benefit schemes have made no changes to the way they inform members of their ability to transfer out of the scheme since the freedom and choice reforms.
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News
MNOPF considers closure to future accrual
NAPF 2015: The Merchant Navy Officers Pension Fund could close to future accrual, the scheme’s pensions director told delegates, because the end of contracting out will increase the cost of the scheme for employers and members.
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NewsNew name, new game for UK pension fund association
NAPF 2015: The National Association of Pension Funds used its annual conference to unveil a rebrand aimed at staying compatible with the radical shifts underway in the UK pensions landscape.
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News
Fear of 'pensions implosion' raised as NAPF annual gathering kicks off
NAPF 2015: Delegates at the National Association of Pension Funds 2015 Annual Conference heard a tale of two halves from outgoing chair Ruston Smith in his opening address today.
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News'Pointless' legislation risks trapped surpluses if schemes fail to act
Defined benefit scheme trustees must pass a resolution ahead of April 2016 if they wish to retain their current power to repay surpluses to their employer sponsors.
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FeaturesShowstopper or sunken soufflé? The recipe for a successful trustee event
Any Other Business: The great and the good of the pensions industry will amass in Manchester this week for the National Association of Pension Funds’ annual conference, but what are the key event ingredients that trustees look for when choosing which events to attend?
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Features
BBC couples derisking with flexibility for DB members
The BBC is offering a pension increase exchange to its pensioners, upping the options available to defined benefit members just months after offering to pay for advice for those considering transferring out of the scheme.
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FeaturesThe Specialist: Investment trends – October 12 2015
How are schemes responding to the latest twists in the investment landscape, including interest rate speculation and global market wobbles? Download The Specialist here to find out how your scheme can raise its defences while gaining returns.
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OpinionCollective response to an unprecedented problem
Talking Head: This week’s National Association of Pension Funds conference was a great opportunity for debate, the central question being: Can we use the energy of discussion to power a collective response to an unprecedented pensions crisis?
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Features
Diversified alts temper volatility for Barking & Dagenham
Barking & Dagenham Pension Fund channeled 8 per cent of total assets into a diversified alternatives strategy last year in a bid to quell volatility across its portfolio.
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NewsCourt rules same-sex pension benefit ceiling to remain
News Analysis: Schemes dodged a potential £3bn cost hike this week, as the legal position on the equalisation of pension benefits for same-sex partners withstood further challenge in the courts.