All Defined benefit articles – Page 50
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NewsNew SPP president targets DC outcomes
The Society of Pension Professionals’ new president, Steve Hitchiner, has demanded greater focus on outcomes for defined contribution scheme members.
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NewsLothian and Falkirk funds explore merger
On the go: The circa £8.6bn Lothian Pension Fund and the circa £3.2bn Falkirk Council Pension Fund are exploring the possibility of a merger.
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NewsPPF hires adviser firm to review its directors and committees
On the go: The £38bn Pension Protection Fund has appointed adviser company Lintstock to conduct a review of its committees and individual directors
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NewsProcurement bill introduces uncertainty for regulated schemes
Government attempts to introduce flexibility to simplified public procurement processes could have an impact on regulated pension schemes, which will have to deal with increased uncertainty as a result.
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NewsBT Pension Scheme sells stake in real estate venture
On the go: The £57.5bn BT Pension Scheme, via Federated Hermes, has sold part of its stake in the engineering and technology business park Silverstone Park to the $550.4bn (£342.6bn) Canada Pension Plan Investment Board.
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NewsIFS: Retirement spending increases between ages 62 and 80
Individuals aged 62 to 80 and couples typically spend more in retirement, dispelling the assumption that spending decreases in later life, according to research by the Institute for Fiscal Studies.
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FeaturesHow should schemes factor in members’ ESG concerns?
A pension fund’s fiduciary responsibilities and members’ environmental, social and governance concerns can go hand in hand, but education and communication are the keys to achieving it.
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NewsBrookfield to safeguard HomeServe DB pensions in £4bn deal
On the go: Canadian asset manager Brookfield has said that it will retain repair business HomeServe’s current defined benefit pensions arrangements, following the announced agreement of a £4bn takeover of the company.
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PodcastsPodcast: Partial AE reform should be prioritised before long-term fix
Podcast: The absence of auto-enrolment reform from the Queen’s speech means the government will be hard-pressed to meet its middle-of-the-decade deadline to achieve it. The priority should be getting the most important parts done as quickly as possible, and introducing the rest of the 2017 reform proposals enacted longer-term. Sackers partner Helen Ball and Mark Ormston, chair of the Industry Policy Committee at the Pensions Administration Standards Association, discuss auto-enrolment, online safety and the proposed value for money framework.
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NewsLambeth eyes affordable housing, BCPP picks ESG data provider
ESG spotlight: A roundup of the latest news on environmental, social and governance initiatives, including the London Borough of Lambeth Pension Fund planning investment in affordable housing, and the Border to Coast Pensions Partnership appointing an ESG data provider.
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NewsFCA urges BSPS members to quickly file complaints
The Financial Conduct Authority has written to individuals who transferred out of the British Steel Pension Scheme in 2016, urging them to file their complaints as soon as possible.
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NewsWater Companies scheme trustee stands firm over surplus transfer
David Sankey, chair of the £710mn Water Companies Pension Scheme, has assured MPs that the trustee has fulfilled its duties with respect to the planned transfer of the Bristol Water section’s surplus to its sponsor.
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NewsCapita Pensions Solutions narrows 2020 losses with restatement
On the go: Capita Pensions Solutions has cut its 2020 pre-tax losses by £200,000 after revenues and costs from a 2017 contract were retrospectively recognised in its income statement.
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NewsDundee University staff plan strike action over DB scheme closure
On the go: More than 100 University of Dundee staff will be balloted on strike action after rejecting plans to close its defined benefit scheme to new members, Unite the union has announced.
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NewsFree tool launched to help pension transfer clients identify scams
On the go: Help & Advice has introduced a scam predictor to allow those considering a pension transfer to check whether they are at risk of being scammed.
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NewsRailways scheme urges patience as it reviews early retirement
On the go: The Railways Pension Scheme is reviewing its early retirement factors and is advising members considering taking early retirement that they should wait until the review is completed before making their decision.
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OpinionWill inflation knock your scheme’s endgame strategy off track?
Leonard Bowman, head of corporate DB endgame strategy at Hymans Robertson, considers the implications of surging inflation on defined benefit schemes’ endgame strategies.
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NewsBT awards $1bn private equity mandate to Hermes
On the go: The £57.5bn BT Pension Scheme has awarded a $1bn (£801.4mn) private equity mandate to Hermes GPE, further building on two previous private equity investments with the manager.
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NewsPLSA’s retirement living standards now cover 35mn members
On the go: Pension scheme communications from more than 100 organisations now provide up to 35mn members with access to the Pensions and Lifetime Savings Association’s retirement living standards, the industry body has announced.
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NewsJames Walker scheme agrees full £43mn buy-in
On the go: The James Walker (Leith) Limited Retirement Benefit Scheme has agreed a full £43mn buy-in with Just Group.