All Defined benefit articles – Page 7
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NewsPrivate markets drag on TfL scheme performance
Private markets investments contributed to significant underperformance from the Transport for London (TfL) Pension Fund in the 12 months to the end of March, according to the scheme’s latest annual report.
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NewsBritish Steel redress hit by falling annuity prices
Redress paid to victims of the British Steel pension scandal has reached £106m, according to the Financial Conduct Authority (FCA).
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NewsCompetitive insurance market ‘great’ for trustees, says Standard Life
Recent entries into the bulk annuity market are helping drive innovation to the benefit of defined benefit (DB) scheme trustees, according to Standard Life.
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NewsLGPS eyes upgrade to cost transparency system
The Local Government Pension Scheme (LGPS) is exploring a potential upgrade to its investment cost monitoring system that could include the use of machine learning tools.
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NewsBus company consolidates DB scheme into TPT
TPT Retirement Solutions has consolidated the £50m defined benefit (DB) pension scheme of Reading Buses into its master trust.
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NewsTrustees warned against complacency as surpluses remain
The aggregate funding level of private sector defined benefit (DB) schemes remained close to 150% at the end of the second quarter, according to data from the Pension Protection Fund (PPF).
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People NewsRailpen names Bord as new chief executive
Andy Bord is to lead Railpen as its chief executive from October this year, the multi-employer scheme has announced.
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NewsBrookfield and Utmost to enter bulk annuity market
North American financial services giant Brookfield is set to become the latest insurance provider in the bulk annuity market.
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NewsPLSA calls for government focus on DC decumulation, Funding Code
The new Labour government needs to fast-track the implementation of the Defined Benefit (DB) Funding Code as one of its first priorities for the pensions sector, according to the Pensions and Lifetime Savings Association (PLSA).
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NewsElection 2024: The pensions industry reacts
Pensions Expert rounds up views from the industry as Sir Keir Starmer’s Labour Party prepares to take power following the general election.
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NewsPMI launches innovation initiative as part of strategic overhaul
The Pensions Management Institute (PMI) has established a Global Innovation Centre to enhance its work on innovative and collaborative solutions for the UK pensions sector.
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NewsPIC seals biggest buy-in of the year with £1.2bn TotalEnergies deal
Pensions Insurance Corporation (PIC) has completed a £1.2bn buy-in with the Total Energies UK Pension Plan, securing benefits for more than 5,500 people.
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NewsUniversities urged to tackle DB pension costs
Universities should act to control the running costs of their defined benefit (DB) pension schemes, according to a new report from Spence & Partners.
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NewsM&G, Just Group announce buy-ins worth combined £570m
Machinery manufacturer NSK and aviation services group John Menzies have insured the benefits of nearly 7,000 members in separate deals.
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NewsStandard Life completes £880m buy-in of Rolls-Royce-Bentley scheme
Standard Life has insured the Rolls-Royce & Bentley Pension Fund with a full scheme buy-in worth approximately £880m.
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NewsInnovation Interviews: How Cardano embraces AI
Felix Mantz, director at Cardano Advisory, gives Pensions Expert a tour of how his company is using cutting-edge technology to enhance its services to trustees.
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NewsBulk annuity latest: £33m buy-in for recycling firm
European Metal Recycling has secured a £33m buy-in with Aviva, covering deferred and pensioner members.
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NewsCourt rules members should not lose out on DB amendments
A judge has ruled that members of a defined benefit (DB) scheme that lost out when it moved to a career average benefit structure can be reimbursed, while those who benefitted can keep their amended pensions.
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NewsTPT allocates £800m to new alternatives funds
TPT Investment Management has launched two alternative investment funds with combined assets of over £800m.
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NewsProfessional trustee firms on hiring spree as demand surges
The number of professional trustee appointments has surged by 11% over the past 12 months, with firms intensively recruiting to meet the current demand and future growth expectations.