All Defined benefit articles – Page 5
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NewsBudget 2024: Bond managers downplay gilt market volatility
Fixed income experts have downplayed gilt market volatility during and after the Budget announcement yesterday, as chancellor Rachel Reeves announced significant taxation and spending plans.
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NewsMineworkers to receive 32% pension bonus
Members of the Mineworkers’ Pension Scheme will receive a bonus payment of almost a third of their regular pension income after the government confirmed it will transfer a reserve fund’s assets to the trustees.
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NewsBulk annuities latest: L&G insures Deutsche Bank scheme for £1.1bn
Legal & General (L&G) has completed a £1.1bn buy-in with Deutsche Bank’s UK defined benefit scheme, securing the pensions of around 4,000 members.
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OpinionCharity schemes are stronger when working in partnership
Charity DB schemes have experienced a similar positive journey to private sector peers in recent years. Charities Pensions Club director Chloe Scragg explains the challenges they still face and how they are tackling them.
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NewsAviva converts longevity swap as part of £1.3bn RAC buy-in
Aviva has secured a £1.3bn buy-in for the RAC 2003 Pension Scheme, insuring the benefits of approximately 19,000 members.
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NewsPLSA Conference: DB is ‘part of the future of pensions’
Defined benefit (DB) should be considered part of the future, not just the past of pensions, according to panellists at the Pensions and Lifetime Savings Association’s Annual Conference.
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NewsMichelin insures DB scheme for £1.5bn
Tyre manufacturer Michelin has insured its defined benefit (DB) scheme for £1.5bn with Aviva, marking the biggest bulk annuity deal of 2024 so far.
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OpinionEmpowering the £1.5trn in private sector DB pensions
How can the government help pension schemes make better use of their substantial surpluses, asks Jos Vermeulen of the Society of Pension Professionals.
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NewsBulk annuity update: Royal London completes first external deals
One of the bulk annuity sector’s newest entrants has completed its first two transactions with external pension schemes, worth a combined £130m.
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FeaturesHow LDI managers are getting ready for the rest of 2024
Following recent warnings about a potential return of deflation, the onus is on LDI managers to ensure their portfolios are prepared.
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NewsSchemes relying on dashboard rollout face data ‘nightmare’
Pension schemes need to get their data in order as those assuming the pension dashboard rollout will solve this for them face a “nightmare” ahead.
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NewsProfessional and sole trustees dominate scheme management, data shows
More than half of private sector defined benefit (DB) schemes now have a professional trustee, according to new data – with almost a quarter of schemes run by a sole trustee.
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NewsAssessing pension insurers’ sustainability performance
Most bulk annuity providers are making good progress to decarbonise their investment portfolios and are ahead of internal targets, according to new research.
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NewsTPR clarifies statement of strategy approach
The Pensions Regulator (TPR) has streamlined its requirements for statements of strategy in response to industry feedback, as its Defined Benefit (DB) Funding Code comes into effect.
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NewsMerseyside strikes £200m bulk annuity deal with Aviva
The Merseyside Pension Fund has secured the benefits of around 2,500 former Arriva employees in a buy-in transaction with Aviva.
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NewsIndustry calls for change to levy rules as PPF seeks to raise £100m
The government should rewrite rules around the Pension Protection Fund’s (PPF) levy to reduce unnecessary costs for defined benefit (DB) schemes, according to industry commentators.
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NewsPIC insures Coats scheme in £1.3bn buy-in
Pension Insurance Corporation (PIC) has insured the pensions of more than 18,000 members of the Coats UK Pension Scheme, in the biggest buy-in deal announced so far this year.
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NewsLCP takes over executive functions at National Grid scheme
The executive and governance team at the £11.8bn National Grid UK Pension Scheme has transferred to consultancy group LCP.
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NewsTrustees increase focus on endgame planning
Almost nine in 10 trustees of defined benefit (DB) pension schemes are expected to decide their endgame strategy within the next five years, new research suggests.
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NewsUK facing ‘cliff edge’ on pension provision
The UK is facing a “cliff edge of challenges” for its £2trn pensions system including low engagement, poor savings levels and low productivity, according to Mercer.