All Defined benefit articles – Page 197
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FeaturesNuclear fund on course to claw back £1m merger cost
The Nuclear Decommissioning Authority is close to recouping the £1m it spent merging two schemes into the Combined Nuclear Pension Plan in a bid to save on administration and advisory costs.
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News
Managing your money purchase legislative risk
News analysis: Managers of pension schemes that have hybrid elements such as additional voluntary contributions have been urged to investigate the impact of a legislative change that could increase their costs.
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NewsIneos reviews pension structure after Grangemouth dispute
Ineos has put its pension funds under consultation until mid-December to dampen the impact on its balance sheet, as part of an agreement to keep the Grangemouth plant running.
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Features
GMPF to outsource property in investment reshuffle
Greater Manchester Pension Fund plans to outsource the management of its property portfolio in order to hit its 10 per cent asset allocation target, in a review of its external management arrangements.
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NewsNotts fund: stable investment ensures performance
Nottinghamshire Pension Fund has advocated a steady state investment strategy to improve efficiencies and reduce costs in the local government sector.
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FeaturesAvon fund upgrades software to reduce data risk
Avon Pension Fund has implemented a new software system to gather member information from employers in order to reduce the risk of errors, as it moves to fully electronic reporting.
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News
Housing group shoots for double contributions in scheme revamp
Shepherds Bush Housing Group are to make its defined contribution scheme the "centrepiece" of its staff benefits provision by mirroring the contributions standards set out by the Pension Quality Mark.
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FeaturesTyne and Wear considers discount rate change to improve funding
Tyne and Wear Pension Fund has considered changing the way it sets the discount rate used to calculate its liabilities, to prevent its funding level falling and large increases in employer contributions.
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News
How defined ambition could affect your scheme
Government has outlined proposed legislative modifications to the pensions system including changes to decumulation rules and daily pricing requirements, which could impact current defined contribution and defined benefit schemes.
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News
Visualise your scheme's demographic shift
Data analysis: Active members have continued to shrink, while deferred member liabilities have continued to rise, presenting a range of investment and governance challenges for UK defined benefit schemes.
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Opinion
Editorial: Towards a consistent variety
At last week’s Society of Pension Consultants dinner, the Pensions Regulator’s outgoing chair Michael O’Higgins – after acknowledging his out-going had been stretched a little longer than expected – gave us a glimpse of the watchdog’s approach to DB regulation.
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News
Gwynedd presents merger plans to boost returns
News analysis: Gwynedd County Council Pension Fund has taken steps towards establishing a common investment vehicle with other Welsh schemes, as public schemes investigate consolidation to provide savings and higher investment returns.
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NewsInfrastructure spurs growth in real asset mandates
Data analysis: Real assets proved popular in the third quarter as European pension schemes looked for inflation protection and long-term stable returns, including a large shift towards infrastructure.
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NewsUnilever creates DC committee to focus governance
The Unilever UK Pension Fund has set up a defined contribution committee to boost three key areas of management of its members' savings.
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Opinion
Why I’m optimistic on the future of defined ambition
In this week’s Informed Comment, Barnett Waddingham’s Nick Griggs looks at the two broad options for a risk-sharing middle way between defined benefit and defined contribution.
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Features
PPF widens investment scope to reduce risk
The Pension Protection Fund has targeted a broader range of sophisticated fixed income assets while maintaining a liability-driven investment strategy in order to reduce the fund’s overall risk.
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News
First Bus uses DC 'nursery' to handle AE
First UK Bus Pension Scheme has set out its redesigned benefits structure, having sought to meet the challenges of auto-enrolment and the end of contracting out by segmenting its workforce.
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News
Hilton enhances fid man role to reduce volatility
Hilton UK's pension scheme has built greater delegation into its fiduciary management mandate to enable it to make quicker investment decisions and reduce volatility within the scheme.
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News
FDs urged to collaborate with trustees on DB deficits
Finance directors are making a “big mistake” if they think they can get defined benefit liabilities off their balance sheets without collaboration with trustees, a scheme manager told delegates at the 2013 NAPF conference.
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News
NESPF payroll shift cuts 25% from processing time
North East Scotland Pension Fund has implemented an integrated payroll system to provide a more accurate and timely way of paying out benefits to members.