All Defined benefit articles – Page 211
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Features
NHS fine shows importance of monitoring retirement dates
As the NHS scheme is fined £4,000 by the ombudsman for maladministration, Pippa Stephens finds out how to avoid costly pay-outs associated with late retirees.
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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
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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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
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
Saul avoids member backlash in switch to Care
The £1.5bn multi-employer scheme for academics has avoided the problems experienced by Unilever in switching to a career-average framework, by being flexible in negotiations with stakeholders
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Features
British Steel launches nursery DC to manage cost
The £11.4bn scheme will close its defined benefit section to new entrants and introduce a money purchase scheme to manage the costs of auto-enrolment.
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News
USS reform shares cost and risk with members
The £32.4bn multi-employer pension scheme has benefited from a series of risk and cost-sharing arrangements with its members
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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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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
Star Group invests third of assets in diversified beta to reduce risk
The £213m scheme has placed a third of its total assets in a single fund to reduce volatility while running a relatively high risk of overconcentration in one manager
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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
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
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
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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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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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.