All Defined benefit articles – Page 190
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NewsJohn Lewis deficit swells by £250m, steadfast on strategy
John Lewis Pension Scheme’s deficit has risen by close to £250m since the start of 2014, but the company plans to stick to its strategic counter-measures agreed earlier this year.
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Opinion
The legal issues troubling trustees around DC flex
There is no obligation to adopt the range of flexibilities offered by pension freedom – DLA Piper’s Ben Miller looks at what trustees need to consider before amending their schemes.
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Opinion
How DB plans with AVCs are affected by the reforms
The new pension flexibility extends to additional voluntary contribution schemes just as with all pure defined contribution schemes. Stuart O’Brien, partner at Sackers, explores how defined benefit trustees should keep their schemes on the right side of the law.
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OpinionEditorial: Not Tesco's finest hour
Closing a defined benefit scheme to future accrual is no longer considered a controversial move in the private sector.
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NewsTesco succumbs to DB burden, schemes urged to monitor covenants
Loss-making supermarket giant Tesco took a further step towards ending its defined benefit provision this week, as it began formal discussions to close to new members and future accrual.
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News
LGPS funds feel the pressure as local pension boards get off the ground
Public sector pension funds are under pressure to compile their pension boards ahead of the August 1 deadline, but some report being “stretched” by the wait for guidance on the reform.
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Features
Are you an informed investor?
Any other business: Following a romp to all-time highs the FTSE 100 stuttered last week, with slips by multinationals and financials. More than ever, trustees must be engaged investors to ensure scheme decisions deliver good outcomes.
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NewsManx Telecom calls time on DB, offers suite of DC options
Communication company Manx Telecom eased the closure of its defined benefit scheme last year by providing members with a range of alternative defined contribution options, alongside a new sharesave scheme.
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News
University trust liabilities could rise by a quarter
University self-administered trusts could face a sharp rise in the value of liabilities, industry experts have warned, sparking calls for a review of the sector’s risk exposure and possible consolidation.
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News
DB-DC proposals trigger benefit questions
The Financial Conduct Authority has issued a consultation on transfers out of defined benefit schemes, but experts say a disparity between definitions of money purchase benefits could lead to confusion.
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News
How to get the best for your scheme in M&As
Any Other Business: Last week, oil giant Royal Dutch Shell announced plans to buy rival BG Group for £47bn and is widely predicted to be the first in a swath of deals across the sector.
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News
Johnston Press DB recovery to net 25% of sold sponsor assets
Johnston Press Pension Plan has agreed a revised recovery plan with its sponsor, entitling it to a chunk of the proceeds from the sale of company assets, to help plug its rising deficit.
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News
Electrocomponents reboots recovery plan to quell DB deficit
An electronics company pension scheme has agreed a new recovery plan and increased member contributions as its deficit more than doubled in an 18-month period, in part due to longevity risks.
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Opinion
Interest rates and the PPF
Talking Head: Savers may be looking forward to higher interest rates and house buyers may be dreading them, but Gwyn Hacche asks what they mean for defined benefit schemes.
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Opinion
Spring clean your DB data and keep it sparkling
JLT Employee Benefits’ David Hepplewhite explains why record-keeping is just as important, if not as glamorous, as flexible pensions.
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News
Just months left to tackle contracting-out costs, consultants say
Consultants have urged defined benefit scheme trustees and sponsors to take action as the one-year countdown to the end of contracting-out approaches.
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NewsChannel 4 ceases accrual as DB closures mount
Channel 4 is offering defined benefit members enhanced pension contributions for five years after it closes the scheme to future accrual at the end of 2015, as funding levels deteriorate.
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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.