All Defined benefit articles – Page 8
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NewsBulk annuity latest: Greggs completes £100m buy-in with Aviva
High street bakery chain Greggs has secured its defined benefit (DB) scheme with Aviva in a £100m buy-in deal.
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NewsTPR promises to be ‘reasonable’ over funding code
The new Defined Benefit (DB) Funding Code has been laid before parliament, paving the way for the long-awaited revised regulatory framework for DB schemes to come into force.
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NewsCalls for government action after Virgin case ruling
Industry groups have called for government intervention in the wake of the Virgin Media-NTL case, which has cast significant uncertainty over the defined benefit (DB) sector.
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NewsTPR clarifies capital release rules for superfunds
The Pensions Regulator (TPR) has set out its requirements for superfunds that wish to release capital to investors as part of their commercial business model.
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NewsVirgin-NTL case ruling poses ‘major issues’ for DB schemes
Lawyers and actuaries have called for the government to intervene after a court ruled that scheme rule amendments could be void if they are missing an actuarial sign-off.
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NewsITV strikes deal with TPR to end Box Clever saga
Nearly 3,000 former Box Clever employees will receive their pension benefits in full after the regulator struck a deal with ITV. Pensions Expert looks back on a 13-year saga.
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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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OpinionTaking care of (trustee) business
Sackers senior counsel Naomi Brown explores the differences and similarities between running a pension fund and running a business – and what can be learned from each role.
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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.