All Defined benefit articles – Page 188
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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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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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News
Airport owner puts LGPS membership under review in cost-cutting drive
The owner of Durham Tees Valley Airport is undertaking a review of the aviation hub's membership of Teesside Pension Fund and overall benefits structure in a wider push to curb company losses.
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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.
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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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FeaturesDealing with firebrands on scheme boards
Any Other Business: Jeremy Corbyn romped to victory in the Labour leadership campaign over the weekend, prompting widespread resignations from senior party members unwilling to work under the left-wing veteran backbencher.
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OpinionKissing goodbye to complexity
From the blog: How many readers of this would travel to New York by boat?
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FeaturesGreenwich charts course to diversified alternatives
A radical change in investment strategy is underway at the Royal Borough of Greenwich Pension Fund, as it introduces new asset buckets for diversified alternatives and multi-asset strategies.
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OpinionFour problems with today’s LDI strategies
It is time to move on from outdated notions of liability-driven investment, says JPMorgan’s Rupert Brindley, and keep up with the strategy’s modern design.
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News
S.Yorks misses deadline as admin woes heap pressure on LGPS
Teething issues following an administration overhaul at South Yorkshire Pensions Authority has delayed the delivery of members’ annual statements, amid a challenging backdrop of wider fundamental reform across the Local Government Pension Scheme.
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NewsThe Pensions Trust reboots website in response to new rules
The Pensions Trust has relaunched its website with more tools and information for members, employers and advisers, as schemes look for ways to engage members amid an increasingly complex pensions landscape.
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News‘Mindset shift’ in FTSE 100 battle to reduce DB risks
FTSE 100 defined benefit schemes flooded into bonds in 2014 but persistent deficits are forcing many schemes to seek opportunities for risk reduction within growth-seeking assets.
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OpinionScheme fragmentation more stark in private sector than public
Data Crunch: The appointment last month of Edi Truell as the London Mayor’s new adviser on pensions and investments is part of an initiative, we are told, to amalgamate some of the country’s numerous public sector pension funds and aims to save billions of pounds through greater efficiencies, lower fees and improved returns.
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News
Charity puts centre up for sale to cover LGPS costs
The Multiple Sclerosis Society is to sell a support centre to meet the cost of its local government pension scheme membership, the latest charity to sell assets to cover defined benefit costs.
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NewsPolice investigation highlights need for internal scheme checks
The protection of scheme assets against internal fraud should be a top priority for administrators and trustees, experts have said, following the arrest of an employee on suspicion of a scheme-related theft.
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Features
What trustees can learn from the British Airways wrangle
News Analysis: British Airways’ pending court case against the trustees of its Airways Pension Scheme over pension increases raises questions regarding how scheme trustees should interact with their sponsoring employer.
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News
Regulator flags DLR case to tackle inaction on late valuations
The Pensions Regulator has taken the unusual step of publishing details of how it responds when schemes miss their valuation deadlines in an attempt to underscore the need for constructive dialogue between trustees and sponsors.
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News
Cash leads the way on freedoms but further flux predicted
More than half of the £2.5bn withdrawn by pension savers in the three months since April has been paid out in cash lump sums, but experts predict consumers will shift their focus towards more sophisticated products.
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FeaturesDB closures 'storing up issues' for DC
News Analysis: The closure of defined benefit pension schemes may alleviate a significant financial burden, but experts have urged employers to think carefully about the long-term impact of the replacement arrangements chosen for affected employees.
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News
Invensys extends Pie to pensioners
Invensys Pension Scheme is expanding its pension increase exchange offering to retired members, as the company plans a bulk exercise for dependants and pensioners.