All Defined benefit articles – Page 201
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FeaturesHow BBC's Care scheme signed up 8,000 members
As the deadline passes for BBC staff to sign up to the corporation's new career average revalued earnings (Care) plan, Anna Lyudviganalyses how schemes can manage such a move.
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Features
IBM fraud scare shows value of data safeguards
The IBM scheme has warned its members about hoax phone calls, underlining the importance of administration and data cleansing to minimise the risk of fraud.
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Features
Molins’ controversial plan to close DB scheme revealed
The FTSE-listed tobacco specialist has announced proposals to make staff chose between a new defined contribution plan or face dismissal in order to reduce its long-term liabilities.
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FeaturesPennon: Separate DB/DC cash to reduce admin risk
As the regulator toughens its demands on hybrid scheme governance, Ian Smith analyses how schemes including Pennon are managing their administration risk through clear separation of defined benefit (DB) and defined contribution (DC) funds.
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Features
Healthcare scheme curbs losses with dynamic derisking
Pippa Stephens discovers how the General Healthcare Group (GHG) scheme prevented a five percentage-point drop in its funding position thanks to implementing an investment sub-committee and a triggered derisking strategy.
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News
USS reform shares cost and risk with members
The Universities Superannuation Scheme has reformed its benefits, meaning active members will have to work longer and pay more to secure their retirement income.
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Features
British Steel launches nursery DC to manage cost
British Steel Pension Scheme will close its defined benefit section and launch a defined contribution arrangement to make the scheme more sustainable and manage the costs associated with auto-enrolment.
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Features
Saul avoids member backlash in switch to Care
The Superannuation Arrangements of the University of London used negotiations to avoid a hostile response from members, when it changed its benefits structure earlier this month.
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Features
Schemes up governance after equalisation clashes
Amid a slew of equalisation disputes between schemes and past advisers, Pippa Stephens considers how schemes can improve their governance processes to reduce the risk of future litigation.
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Features
Star Group invests third of assets in diversified beta to reduce risk
The Star Group pension scheme has invested a third of its portfolio into a diversified beta fund to reduce its equity exposure and manage the risk of volatility.
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Features
Greater Manchester prepares for 25% fall in membership
Greater Manchester Pension Fund has set up a working group to draw up an investment strategy in expectation of a much-reduced membership.
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Features
Modelling inflation is key to tackling volatility
Schemes need to understand exactly how their funding positions are impacted by various inflation scenarios, argues PensionsFirst's Matthew Furniss.
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Features
Regulator: How schemes can better protect members
The Pensions Regulator discusses how it is working with schemes to protect members’ benefits and preparing the industry for auto enrolment
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Features
IAS 19 changes to drive derisking
Changes to accounting standards will bring sponsors and schemes closer together, and provide an impetus to derisk, according to consultants.
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Features
Are ETVs always inappropriate? Ask a BA pilot
The pensions minister is wrong in condemning schemes for offering cash incentives for defined benefit (DB) members to switch to defined contribution (DC) plans.
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Features
Admin warning on DB-DC transfers
Defined benefit (DB) schemes considering offering member transfers to defined contribution (DC) arrangements have been warned of administrative costs and falling foul of the regulator.
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NewsLGPS reforms to swell private sector deficits
Private sector employers will be among the biggest losers of the 2014 local government pension scheme (LGPS) reforms.
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News
SME schemes get low-cost derivative access
Around 340 mainly small and medium-sized schemes have adopted a system of asset-liability modelling, previously only affordable to much larger plans.