All Defined benefit articles – Page 187
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News
Council funds report low take-up of 50-50 option
The option for local authority staff to halve their pension contributions while retaining other benefits has seen take-up below expectations, as the local government reforms bed in.
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News
John Laing tackles deficit with £100m alternative financing plan
Infrastructure heavyweight John Laing contributed £100m in cash and equity interests to its pension scheme, as part of a deficit recovery schedule that was revised before floating the company in February.
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Features
How would your scheme fare against longer-term deflation?
Analysis: Whether a short-term blip or a longer-term trend, the latest fall in the consumer price index will make schemes sit up and ask themselves whether they could withstand the impact of a move into deflation.
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Opinion
Six steps to manage a rise in DB-DC transfer requests
While the pension flexibilities do not apply directly to individuals with defined benefit pensions, members do have the option to transfer their benefits to a defined contribution arrangement.
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News
Lincolnshire fund enters admin-sharing deal with West Yorks
Lincolnshire Pension Fund has teamed up with West Yorkshire Pension Fund on benefit administration in order to deliver cost savings, in the latest example of local authority collaboration.
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News
PPF to bring investments in-house as it refines strategy
The Pension Protection Fund has added to the tally of schemes bringing elements of asset management and member services in-house, as it seeks cost savings and a greater control over assets.
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News
Lifetime allowance cut a blow for DC savers
Budget 2015: The reduction of the lifetime allowance to £1m will hit defined contribution savers hardest say experts, who anticipate a rise in members exiting pension saving.
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NewsTata Steel DB closure flags need for 'holistic' approach to risks
Tata Steel's plan to close its defined benefit scheme to future accrual faces industrial action, leading some experts to call on trustees to give greater consideration to the sponsor covenant.
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News
Recycled annuities could offer income for DB, but buyer beware
Alongside Wednesday’s Budget, the government will launch a consultation on the viability of a secondary market to allow pensioners to cash in their annuities, but questions remain over who would buy them.
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OpinionHow current thinking on interest rates affects DB hedging levels
Henderson’s Kevin Adams discusses the cost of hedging, a possible rise in yields and what could bring about an increased supply of gilts from the Bank of England.
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News
Collaboration key to DB liability challenge, experts say
NAPF Investment Conference 2015: Experts have called on the industry to focus on collaboration and technology to address the “£2tn problem” of defined benefit pension liabilities.
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News
Derisking market outpaces earlier estimates, topping £35bn
At £35bn, 2014's record derisking activity has exceeded initial estimates, a report has found, with experts also predicting a changing view of longevity will bring sustained market growth.
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Features
Is your board being torn by divergent interests?
Any other business: The Financial Conduct Authority’s recent call for evidence on transaction fee disclosure is further evidence of a tightening up on charges, but in-scheme adviser conflicts also pose a threat to cost-efficiency.
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News
BPI targets cost savings with CPI move for pension payments
British Polythene Industries has become the latest scheme to tackle growing liabilities by switching the pensions-in-payment calculation to the consumer price index from the retail price index.
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News
Deficit quadruples for Johnson Service scheme
Johnson Service Group has seen its defined benefit scheme deficit more than quadruple after a reduction to the discount rate and the closure of the scheme to future accrual.
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News
Kingfisher puts trivial commutation on ice to focus on member data
Kingfisher Pension Scheme has said it is holding fire on a trivial commutation derisking drive to focus instead on data cleansing, while research shows 83 per cent of members would consider such a transfer.
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News
Webb calls for pensions dashboard within two years
Pensions minister Steve Webb last week called on the next government to implement a combined state and private pension statement within the next two years that also incorporates aspects of pot-follows-member.
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News
Rentokil sets up escrow as funding level tips into surplus
The Rentokil Initial Pension Scheme has set up an escrow account to prevent employer contributions becoming trapped in the scheme, after its funding level reached surplus.
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Opinion
DB-DC transfer requests will rise. Here is how to handle them
Quantum’s David Deidun says the rise of DB-DC transfers are much ado about nothing, but that trustees should allow enough time to disinvest funds efficiently in such periods of increased demand.
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Opinion
Four graphs on why auto-enrolment is just the first step
Data released by the Office for National Statistics give more evidence automatic enrolment is driving up participation in pension schemes, but a growing proportion of payments to defined contribution schemes languish at 2 per cent, with public sector contributions outpacing private.