All Defined benefit articles – Page 3
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NewsReality check for surplus release: PPI research shows limits of new policy
Funding resilience, scheme rules, fiduciary duty, and other factors could all restrict the ability or willingness of trustees to return surplus to employers or members, according to a new report.
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NewsUnderwriter insures DB scheme with Canada Life in £36m deal
Professional trustee company Vidett led the deal, with Pensions Expert data indicating the firm is particularly active in the bulk annuity space.
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OpinionPPI: Beyond the Pension Schemes Act – now the real work starts
Chris Curry, Pensions Policy Institute It seems like much of the pensions world has spent the last 12 months engaging with and discussing the Pension Schemes Bill, which has now received Royal Assent and become the Pension Schemes Act 2026. Many of the policies enacted by the ...
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NewsScandinavian airline secures DB scheme amid financial restructure
Insurance company Just Group has completed a buy-in worth £61.8m with a defined benefit pension scheme sponsored by Scandinavian Airlines System.
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NewsBulk annuities latest: Insurance remains top option for most, finds Aon
Plus: Standard Life insures a subsidiary’s defined benefit pension scheme for £200m, while Just Group and Broadstone team up again for a sub-£5m transaction.
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NewsMineworkers’ Pension Scheme trustees hail progress on surplus discussions
The trustees of the £10.5bn Mineworkers’ Pension Scheme have met with ministers to lobby for surplus rules to be brought in line with those for the British Coal Staff Superannuation Scheme.
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NewsGovernment must consult on future of £14bn PPF reserves, says SPP
What to do with PPF reserves?
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OpinionStreamlining the risk transfer process: it’s harder than you might think
Ahead of a new research series from Pensions Expert into small scheme bulk annuities, members of the Endgame Perspectives Group explore how streamlined services have developed, their limitations, and how they can better serve pension schemes and members.
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NewsPro trustees to oversee two thirds of DB market in five years, report predicts
Isio’s survey finds that the 10 largest providers oversee more than 2,400 DB schemes and £1trn in assets – underscoring the ‘systemic importance’ of the sector as highlighted by the Pensions Regulator.
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OpinionWhy the ‘gateway’ for DB superfunds is not a technical issue but a growth one
Ashok Gupta of investment think tank New Capital Consensus argues that the emerging world of defined benefit superfunds could form a crucial part of the government’s growth and investment strategy – but the regulatory approach must change.
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FeaturesIn Depth: What TPR’s Annual Funding Statement tells us about endgame planning
Pensions Expert explores the latest Annual Funding Statement and gauges the industry reaction as attention turns to surplus release regulations, ahead of new rules expected next year.
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NewsBulk annuities update: Bakkavor’s buy-in; Canada Life launches member portal
Food manufacturing company Bakkavor has secured a £160m full scheme buy-in for its defined benefit pension scheme with Rothesay, just months after it was acquired.
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NewsPension Schemes Bill finalised: Industry hails ‘historic moment’ despite spectre of mandation
The Pension Schemes Bill has been finalised after protracted debates between legislators, and will now move to receive Royal Assent. Pensions Expert rounds up some of the industry reaction across the various elements of the new legislation.
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NewsPricing remains key for schemes considering bulk annuities
Research from Standard Life shows how priorities vary depending on the size of the scheme, but the pricing of bulk annuities remains the key determining factor for most trustee boards.
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OpinionThe Friday Takeaway: The Pension Schemes Bill’s missed opportunity
The Pension Schemes Bill is nearly an Act of Parliament, but despite its overarching aim of improving member outcomes, one substantial group of pensioners have been overlooked, writes Nick Reeve.
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NewsBulk annuities latest: Just Group and Rothesay support small scheme buy-ins
Two buy-in deals worth less than £20m in total were announced this week, further evidence of the healthy market for small pension schemes seeking insurance transactions.
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NewsClara launches small scheme service and onboards £43m DB fund
The DB superfund has opened a new section of its structure to offer a streamlined service to smaller pension schemes, while onboarding a camera equipment manufacturer’s pension fund.
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NewsPPI widens lost pensions survey to include DB schemes as demand for tracing grows
The new study will track how the ‘lost pots’ landscape has changed, examining the number of missing pots, their value and age distribution, while also exploring the underlying causes and the implications for savers and policymakers.
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NewsBritish Coal trustees to lobby government for surplus flexibilities
The BCSSS trustees have met with Chris McDonald, the minister for industry, to discuss changes to the scheme rules that would allow the trustees greater control over how any surplus is used in the future.
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NewsUtmost completes first buyout with food supply company
The development means 455 people are now covered by individual annuity policies, after Utmost insured the Noble Foods Limited Pension Scheme last year.