All Defined benefit articles – Page 77
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NewsBorder to Coast completes Emerging Markets Equity Fund restructure
On the go: The circa £24.7bn Border to Coast Pensions Partnership, which handles the assets of 11 Local Government Pension Scheme funds worth a collective £55bn, has finalised the transformation of its Emerging Markets Equity Fund.
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OpinionLiability-driven investing in a low-yield environment
Western Asset’s product specialist and economist, Michael Bazdarich, explains how liability-driven investments can be an effective tool for pension schemes, even in a low-yield environment.
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NewsOmbudsman finds Covid is not an excuse to renege on auto-enrolment
The Pensions Ombudsman has ordered a company to pay £1,000 to five staff members for “distress and inconvenience” after it deducted pension contributions without paying them into the scheme.
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NewsLower DB costs by going bespoke, companies told
On the go: Companies can lower the cash costs of their defined benefit schemes by up to 30 per cent if they implement an effective endgame strategy, instead of heading down the Pensions Regulator’s fast-track route, according to Hymans Robertson.
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NewsUltra pension scheme set for £100m acquisition windfall
On the go: A proposed £2.57bn cash acquisition by Cobham Ultra Acquisitions of Ultra Electronics Holdings will see the defence company’s defined benefit scheme receive an extra £100m in funding.
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NewsDWP sets up working group to explore ‘statements season’
On the go: The Department for Work and Pensions has established a working group looking at options to develop the ‘statements season’ proposed in its recent simpler annual benefit statements consultation.
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NewsBuy-in and buyout volumes to reach more than £8bn
On the go: Total pension scheme buy-in and buyout volumes over the first half of 2021 are expected to reach over £8bn, according to new analysis by Hymans Robertson.
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NewsDaily Mail pension schemes to benefit from RMS sale
On the go: Daily Mail and General Trust pension schemes could stand to benefit from the £1.4bn sale of insurance risk business RMS to Moody’s that is part of a broader restructuring at DMGT.
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NewsNorfolk County Council fund extends passive management
On the go: Norfolk County Council has extended the duration of its passive investment management services framework and transition management and implementation services framework for an additional year as a result of the Covid-19 pandemic, according to notices on the Official Journal of the EU.
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NewsTPR threats enough to secure fair treatment for hybrid scheme
On the go: The Pensions Regulator’s issuance of a warning notice against a scheme sponsor has been sufficient to restore parity between it and other creditors.
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NewsPearl Group pension fund completes further buy-in
On the go: The £2.9bn Pearl Group Staff Pension Scheme, one of Phoenix Group’s main pension schemes, has completed a second £998m buy-in with the group’s life assurance company, Phoenix Life.
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NewsChallenges of green regulation should not be underestimated
On the go: More than a quarter of defined benefit pension schemes are only aiming for minimum compliance with new rules and regulations around climate change, the challenge of which should not be underestimated, LCP has warned.
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NewsUK ranked low on global pensions index
On the go: Team GB may have bagged an impressive haul of medals at the Tokyo Olympic Games, but the country is considered far from the best when it comes to its pensions system.
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NewsPASA updates GMP guidance in light of Lloyds 2020 judgment
The Pensions Administration Standards Association has updated its guaranteed minimum pension equalisation to account for the Lloyds 2020 judgment, setting out the role of transferring schemes and receiving plans in individual transfers.
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NewsNFU Mutual pension fund hires Trafalgar House as administrator
On the go: The NFU Mutual Retirement Benefit Scheme, with £1.1bn in defined benefit assets and £206.2m in defined contribution assets, has appointed Trafalgar House to provide administration services, effective from July 1 2021.
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NewsDIY strategies are ‘better and cheaper way’ to do ESG investing
Customisation of index strategies and direct ownership of equities is a more efficient and cost-effective way of investing sustainably than using ‘off-the-shelf’ index products, according to SigTech, which offers quant technologies to investors.
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NewsBrent Group scheme secures £3m buy-in with Just
On the go: Brent Group, a family-owned business that includes the digital marketing and brand agency Brand Remedy, has completed a £3m buy-in with Just Group.
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NewsPPF 7800 Index falls but surplus remains
On the go: The aggregate surplus of the 5,318 defined benefit pension schemes potentially eligible to join the Pension Protection Fund is estimated to have decreased to £62.4bn at the end of July, from a surplus of £99bn at the end of June, the latest figures from the lifeboat fund show.
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NewsHow vegan members can align their pension with their lifestyle
The vegan market is on the rise in the UK. In 2019, more than 600,000 of the UK population classified themselves as vegan, and nearly half of this population cited ethical reasons as a primary motivator.
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NewsSignet Group scheme completes full buy-in with Rothesay
On the go: The Signet Group Pension Scheme has completed a £236m full buy-in with Rothesay. Mercer was the lead broker on the transaction.