All Defined benefit articles – Page 8
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NewsCheviot revamps operational and investment models to boost master trust offering
The master trust provider has struck new partnerships with Spence & Partners and Van Lanschot Kempen as it seeks to modernise its services to defined benefit and defined contribution clients.
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NewsSurplus plans welcomed by trustees but concern raised over ‘deadlock’ cases
The Association of Member Nominated Trustees has welcomed the government’s planned approach to surplus extraction rules that will place trustees at the centre of decision-making.
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NewsTrustees to be given full discretion over DB scheme surplus release
Defined benefit pension schemes will be able to release surplus if they are overfunded on a low dependency basis, under proposals outlined by the government this week.
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NewsMorrisons purchases £270m buy-in from Aviva
The insurance company has secured the RSP Section of the Morrisons Retirement Saver Plan, covering 32,000 members of a cash balance plan.
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NewsCivil Service Pension Scheme administrators could strike over Capita switch
The Public and Commercial Services union is balloting members that work on the MyCSP administration system ahead of its takeover by Capita later this year.
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OpinionVirgin Media v NTL Pension Trustees: where are we now?
There are an estimated 50,000 amendments that need to be reviewed following the Virgin Media ruling. Matthew Swynnerton of the Society of Pension Professionals explores how trustees can approach this unenviable task.
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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.