All Defined benefit articles – Page 186
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Opinion
A year of many firsts lies ahead
Editorial: Happy new year! It started with a bang – a stock market slump, circuit breakers suspending trading in China, China suspending the circuit breakers, and the FTSE falling sharply on Monday and Thursday last week.
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NewsAsset derisking could leave a funding gap
UK defined benefit pension schemes have removed nearly half of their funding level risk over the past decade, but new research has questioned whether asset derisking has gone too far.
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News
NI government offers early retirement to teachers aged 55+
The Department of Education in Northern Ireland has approved a £33.1m scheme offering premature retirement terms to members over 55 years old to make space for new hires in the workforce.
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NewsTesting market conditions greet 2016
Market volatility is here to stay, experts have said, urging defined benefit trustees to assess their risk management frameworks and eliminate unintended exposures as the year kicks off.
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NewsSiemens issues resolution to prevent trapped surplus
Siemens, one of the world's largest electrical companies, is allowing its defined benefit scheme to make payments to the sponsoring employer, as schemes scramble to maintain their ability to prevent trapped surplus.
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Features
Market trends shaping liability management in 2016
Defined benefit pension schemes across the UK struggled with soaring liabilities in 2015, but industry experts have warned against a 2016 ‘bet on interest rates’ in what could be a bumper year for tackling risk.
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OpinionAfter an eventful five years, the pensions challenge is not over
Talking Head: Joanne Segars from the Pensions and Lifetime Savings Association looks at what has happened in the pensions world over the past five years and what lies ahead.
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News
LGPS under fire on costs to members
Reporting and cost disclosure across the Local Government Pension Scheme must become more transparent, experts have said, as a new report highlights wide disparity in the levels of charges passed on to scheme members.
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NewsLow for longer (but longing for higher) rates
Analysis: The US Federal Reserve’s decision on Wednesday to push rates up may mark the end of an era, but investment experts say UK pension funds should expect little more than a small amount of volatility as a result.
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Features
Secondhand annuity market takes shape but risk of poor deals looms
Analysis: The government has confirmed it will soften the tax hit for those looking to take advantage of the secondary annuity market, but some experts are concerned the financial services industry holds all the cards in getting the best deal.
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News
Just over half of LGPS have procedures for legal breaches
A little over half of public sector pension schemes have procedures set up to handle breaches of law, but experts have said scheme governance is improving markedly among local government pension schemes.
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Features
Three ways to trim your liabilities in 2016
Analysis: While many defined benefit schemes have yet to explore ways to provide enhanced flexibility to members, there are three key strategies in this area that could ease the pressure of mounting liabilities in 2016.
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OpinionAn outstanding year for pensions…
Editorial: And by that I mean we’re coming to the end of 2015 with several gargantuan issues left outstanding, hanging over the heads of schemes and providers.
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NewsSecondary annuities: Govt starts putting down advice parameters
Many pensioners hoping to sell their annuities on the open market will be required to seek financial advice before doing so, the government has announced, as the industry awaits further detail on the structure of the secondary annuity market.
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News
GMP reconciliation: Digging up the bodies
With the arrival of the new state pension and the end of contracting out, schemes have until 2018 to clean up their act on guaranteed minimum pensions data, but they need to get in the queue by April.
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NewsScapa saves £600k through flexible retirement exercise
Adhesive tape manufacturer Scapa Group has saved around £600,000 by offering flexible retirement options to some deferred members of its defined benefit scheme, clearing more than £10m of liabilities.
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News
Regulator aims to 'eradicate surprises' with risk management guide
The Pensions Regulator has issued a practical guide on integrated risk management to help trustees assess and respond to covenant, investment and funding risks, but experts have said schemes will need additional help.
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Opinion
Why the UK’s standing in the European pensions market is so important
Data Crunch: Spence Johnson’s Magnus Spence outlines why the UK’s place in European pensions is so significant, accounting for half of all assets held between Germany, the Netherlands and itself.
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News
Fid man assets surpass £100bn but cynicism persists
Pension assets under fiduciary management hit £114bn during 2015, but independent trustees remain sceptical of the alignment of interests underpinning such arrangements.
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OpinionRob Gardner: Three Christmas wishes…
Talking Head: Redington’s Rob Gardner lays bare his wants for the future of pension saving, including a truly long-term plan and financial education.