All Defined benefit articles – Page 204
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NewsImproved funding levels set off derisking triggers
Four in 10 schemes hit derisking triggers in the year to September as funding levels recovered and institutional investors looked to take risk off the table.
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Features
How Carillion managed ‘year-long’ longevity swap project
Carillion improved its governance and data to ensure a good deal on its £1bn longevity swap, as it sought to hedge greater-than-anticipated life expectancy among members of its defined benefit schemes.
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News
Schemes face series of admin hurdles in 2014
2014 preview: Pensions liberation, data and tax are among the major administrative challenges schemes will face next year, industry experts have cautioned.
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News
Investors on the hunt for asset performance
2014 preview: Next year will provide defined benefit schemes more derisking opportunities, while defined contribution schemes may need to diversify further during their growth phase, investment experts have predicted.
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News
How the DB code of practice may affect your scheme
News analysis: Schemes should take a more integrated approach to investment, funding and covenant in their risk management, according to the Pensions Regulator’s consultation on its defined benefit code of practice.
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News
Micro scheme membership slumps as market consolidates
Data analysis: The total membership of small schemes with between two and 11 members has fallen by two-thirds over recent years as the market consolidates and auto-enrolment beds in.
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News
Kent ups property to benefit from stronger yields
Kent Pension Fund has decided to increase its exposure to property by almost 20 per cent to take advantage of attractive yields.
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News
LGPS given reform blueprint to cut costs
News analysis: Local government pension schemes are being called upon to increase governance and change investment structures to save taxpayers £1bn a year.
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Features
Berkshire revisits absolute return to boost performance
The Royal County of Berkshire Pension Fund is reevaluating the structure of its absolute return portfolio following the failure to achieve its benchmark target.
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Features
SPPA raising the bar on data precision
The Scottish Public Pensions Agency has initiated a project to benchmark its member data against quality criteria set out by the Pensions Regulator, to find more cost-effective ways of improving data accuracy.
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NewsSchemes take more holistic approach to risk management
News analysis: More schemes are taking an integrated approach to investment, covenant and funding in their risk management planning, but there is still a disconnect between schemes’ investment strategy and valuation process, according to research.
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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.