All Defined benefit articles – Page 208
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News
Defence schemes 'future-proof' MNT governance
The Selex and AgustaWestland pension schemes have reformed their member-nominated trustee election processes to safeguard decision-making continuity for their beneficiaries.
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News
MNOPF increases contributions to secure benefits
The Merchant Navy Officers Pension Fund has increased employer and member contributions to the new section of its defined benefit scheme to strengthen its ability to pay future benefits.
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News
Teesside ups cash awaiting more profitable equity market
Teesside Pension Fund has increased its cash holdings by nearly a quarter after deciding to wait for more favourable conditions before investing further in equity markets.
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OpinionBA scheme inserts murder exemption into rules
The New Airways Pension Scheme has made an amendment to its scheme rules to be able to deny benefits to a member’s spouse or dependant who is guilty of that member’s murder.
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Opinion
Why bulk derisking is the answer for almost all schemes
Towers Watson’s Ian Aley argues “almost every pension scheme” would benefit from buy-in or buyout, and explains how to take advantage of the current funding climate, in the latest Informed Comment.
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Features
Rexam funding peak triggers risk reduction
Rexam Pension Plan took advantage of a brief funding peak earlier this year to increase its inflation hedging and insure against equity losses, as more schemes implement trigger-based derisking strategies.
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Features
Pearl ups corporate bonds to manage rate risks
Pearl Group Staff Pension Scheme has increased its allocation to corporate bonds and reduced investment in growth assets to lower its exposure to fluctuations in the market.
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News
Why preparation might not be so crucial to buyout
News analysis: Schemes have been urged to get prepared for bulk derisking deals to benefit from affordability improvements, but one provider has said the necessity of preliminary work is often “overemphasised”.
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NewsInvestment peaks as schemes buy cheaper gilts
News analysis: UK pension funds hit a record of £17bn of net investments during the second quarter, largely as a result of schemes taking advantage of lower bond prices, according to data from the Office for National Statistics.
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News
How competition affects derisking opportunities
News analysis: Reduced competition in the derisking market could limit value for schemes despite opportunities from rising gilt yields, Leadership summit delegates heard, while other market experts defended prices.
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News
Local govt funds swap 'Care' title to explain reform
Local government pension schemes have decided to use ‘account’ rather than Care when communicating their reformed scheme structure to avoid negative associations.
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Opinion
Editorial: Can the UK learn from US pensions?
Talk of special relationships between the UK and US has again hit the headlines. Although there seems to be common ground when it comes to politics, it has not extended into the world of pensions.
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News
Members need push to use scheme calculators
The use of pension charges calculators to inform members has become the norm for pension funds, industry experts say, but member engagement is still low.
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News
Scheme grabs chance to hedge inflation risk
Marsh & McLennan Companies UK Pension Fund has increased its interest and inflation rate hedge for its defined benefit scheme, to help protect its funding position against fluctuations in rates.
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NewsCharity bears brunt of AE contributions
Action for Children has said it chose to place a greater burden on itself than employees when setting its auto-enrolment contribution levels, in a drive to create fairness.
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News
YMCA launches derisking strategy to improve funding level
YMCA Pension Plan has launched a derisking strategy to match “more closely” its allocation approach and liability profile, and has appointed a delegated manager to oversee nearly all of its portfolio.
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News
Poor data impeding derisking plans for smaller schemes
News analysis:Industry experts have said schemes with poor-quality information should not be put off derisking, following recent research showing many funds feel stifled by inadequate data.
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NewsHow BBC scheme cut £750m off its funding deficit
The BBC Pension Scheme has chipped an estimated £750m off its funding shortfall by reducing its allocation to equities over the past 10 years and increasing employer contributions.
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NewsAxa ups benefit in final deal on DB scheme closure
Axa has confirmed it will close its UK defined benefit scheme from next month following a review, with current members receiving additional pension payments under the final agreement.
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News
Chiltern funds target £2.5m merger saving
Oxfordshire, Buckinghamshire and Berkshire councils are in preliminary talks about merging their pension funds in an attempt to save £2.5m a year, as more local authority schemes club together to reduce costs.