All Defined benefit articles – Page 7
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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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NewsTPR's Neil Bull to speak at the DB Strategic Investment Forum
Neil Bull, executive director of market oversight at the Pensions Regulator (TPR), is to give the keynote speech at this month’s DB Strategic Investment Forum.
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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.
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NewsBulk annuities latest: Scottish Milk scheme insures with Just for £42m
The latest defined benefit insurance transactions also include a £34m deal for the Macmillan charity’s scheme.
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FeaturesIs better funding leading to changes to valuation dates?
After the BBC decided to bring forward its triennial valuation in light of improved funding, Pensions Expert looks at whether more schemes are likely to follow.
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NewsXPS launches illiquid asset trading service
XPS Group has become the latest to launch a specialist trading platform for private markets assets, as defined benefit (DB) schemes seek to prepare for insurance transactions.
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NewsBBC reschedules valuation as scheme hits surplus
The trustees of the BBC’s £13.8bn pension scheme have brought forward its triennial valuation to take into account improvements in its funding position.
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NewsUSS, Railpen announce major UK investments
The Universities Superannuation Scheme (USS) and Railpen have separately announced major new investments in UK private market assets.
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NewsHow to get pension schemes investing in productive assets
The Pensions and Lifetime Savings Association (PLSA) has set out a series of actions for government to make key areas of productive finance more investable for pension schemes.
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NewsCharity DB schemes approach full funding
Funding levels at charity defined benefit (DB) schemes have improved substantially over the past five years, according to new data.
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NewsPensions sector moves to protect staff as riots hit UK
Staff in the pensions industry have faced increased racist abuse as violent riots have gripped parts of the UK in recent days.
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NewsBulk annuities update: Three buy-ins secure 900 members’ benefits
Three sub-£50m buy-ins have been announced this week, securing the benefits of 928 deferred and retired people with insurers Just, Canada Life and Aviva.
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NewsFast buy-ins risk increasing wind-up costs, Hymans warns
Defined benefit (DB) schemes are accelerating to buy-in transactions but leaving “glaring gaps” in preparation for full scheme wind-up, according to Hymans Robertson.
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NewsDashboards latest: Trafalgar House warns of admin ‘tech debt’
Trustees should challenge administrators to show that they have up-to-date technology and security systems to cope with current and future challenges, according to Trafalgar House.
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NewsRailpen tackles payment errors with system review
Railpen is undertaking a review of its benefits system after it discovered errors in members’ pension payments.
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NewsL&G insures Essity pension scheme for £1.1bn
Legal & General (L&G) has finalised a £1.1bn buy-in with the SCA UK Pension Plan, securing the benefits of 9,500 members.
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NewsMarket for large bulk annuity deals slowed in H1, data shows
The bulk annuity market saw fewer large transactions in the first half of 2024 than expected, according to data from XPS Group.