All Defined benefit articles – Page 6
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NewsRailpen sells administration business to Broadstone
The industry-wide pension scheme has decided to offload its third-party administration unit after two decades of providing outsourced services.
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NewsHow DB superfunds can help remove ‘regulatory straitjackets’ from pension schemes
A report from New Capital Consensus argues for greater consolidation of DB pension schemes to support investment in productive finance.
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NewsBell confirms surplus release plans will feature in Pension Schemes Bill
The government has confirmed plans to free up billions of pounds from defined benefit (DB) surpluses, with legislation to be introduced through the Pension Schemes Bill. In an announcement today (21 May), the government cited figures from the Pensions Regulator and the Pension Protection Fund (PPF) indicating record levels of ...
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NewsProfessional trustee market growth slowing, data shows
Sole trusteeship growth is slowing amid fresh scrutiny from the Pensions Regulator, with further declines forecast.
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FeaturesMaking sense of the ‘crammed’ legislative agenda for pensions
With the Pension Schemes Bill due to be laid before parliament in the coming weeks, consultancy group LCP has attempted to make sense of the wave of new rules and regulations expected to be introduced.
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NewsTelecoms firm dials up member security with £63m buy-in
CommScope Connectivity, a telecoms company, has insured its defined benefit pension scheme with Aviva for £63m, covering 570 members.
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NewsRothesay insures exam company’s pension scheme for £120m
AQA Education, one of the main providers of GCSE and A-level exam services, has insured its defined benefit pension scheme with Rothesay, covering 869 members.
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NewsCancer Research UK completes £280m buy-in with Standard Life
Cancer Research UK has insured around 2,800 members of its defined benefit pension scheme through a bulk annuity deal, which covers more than half of its liabilities.
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NewsIlliquid asset sales platform launches to aid schemes heading for buyout
MeltX is gearing up for its inaugural auction of illiquid assets as it seeks to help defined benefit pension schemes generate liquidity and prepare for bulk annuity transactions.
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In DepthIn Depth: Key talking points from the government’s WPC enquiry response
The government will consult later this year on trustee accreditation and more support for member-nominated trustees as part of wider governance reforms.
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NewsWhat the government’s WPC response means for PPF compensation
The Pension Protection Fund has been urged to use its substantial surplus to provide indexation to pre-1997 benefits.
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OpinionHas TPR woken up to university pension issues?
Pension schemes attached to universities are being scrutinised by the Pensions Regulator. Vidett’s Phil Williams explores what this means and how trustees should react.
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NewsGovernment and TPR to scrutinise pre-97 benefits
In response to a recommendation by the Work and Pensions Committee, the DWP will engage with the regulator to understand why many DB schemes do not award discretionary increases to members with pre-1997 benefits.
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NewsAnnual Funding Statement: Covenant assessment clarity welcomed
In its Annual Funding Statement, the regulator clarified aspects of covenant assessments to help trustee boards through the first valuations under the new funding regime.
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NewsAnnual Funding Statement: Trustees should prepare for surplus release options
Industry commentators have welcomed the recommendation from the regulator to engage early with sponsors over the potential release of DB surpluses.
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NewsAnnual Funding Statement: Focus on endgame planning, says TPR
The regulator’s latest Annual Funding Statement shows strong funding across most of the DB sector, but it says recent volatility means trustees should maintain focus on robust endgame planning.
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NewsMinister for industry commits to fixing British Coal surplus ‘injustice’
Minister for industry Sarah Jones has “pledged to resolve” the matter of the British Coal Staff Superannuation Scheme’s £2.3bn investment reserve.
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NewsMetals firm completes buy-in in less than five weeks
ELG Metals UK secured a £28m buy-in with Just Group in five weeks due to favourable pricing and market conditions.
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NewsFall in deficit repair payments 'marks boost for DB sponsors'
The quarterly total of deficit reduction contributions into defined benefit schemes fell below £1bn in the second quarter of 2024, for the first time in several years.
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NewsRegulator clarifies superfund guidance ahead of expected market growth
TPR has sought to clarify its expectations and address misconceptions around superfund transactions ahead of the Pension Schemes Bill and potential new entrant to the sector.