All liabilities articles
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NewsWhat a new mortality model means for your pension scheme
New mortality data and calculations being introduced later this year could increase liabilities for some DB schemes – but others could see theirs fall further.
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NewsBudget 2024: Bond managers downplay gilt market volatility
Fixed income experts comment on the outlook for gilts after the chancellor set out plans to increase borrowing by approximately £20bn a year compared to previous expectations.
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NewsPensions industry: Week in brief
LGPS staff are concerned about resources, according to an PLSA survey: while Broadstone predicts a bumper second half of the year for buyouts: questions over the FCA's consumer duty and a £200m property deal between SLIP and PIC, here's the news you may have missed this week.
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NewsIMI 2014 Deferred Fund signs £175mn partial buy-in
On the go: The £563mn IMI 2014 Deferred Fund has signed a partial £175mn buy-in with Pension Insurance Corporation.
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NewsLDI funds sold £23bn of gilts during market turmoil
Liability-driven investment funds sold £23bn of gilts in three weeks during the market turmoil in 2022, with pooled funds being forced sellers, Andrew Bailey has revealed.
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NewsNew British Steel scheme secures third buy-in
On the go: The British Steel Pension Scheme has signed a £2bn buy-in with Legal & General, bringing the total liabilities insured to around 60 per cent.
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NewsDB schemes’ surplus rises £5.2bn in December
On the go: The aggregate surplus of the 5,131 defined benefit schemes in the Pension Protection Fund 7800 Index increased by £5.2bn in December.
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NewsPPF updates buyout assumptions
On the go: The Pension Protection Fund has proposed to update the assumptions used in assessment period valuations, which determine if a scheme could secure benefits with an insurer above the levels provided by the lifeboat.
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NewsDB schemes’ funding position improves £400bn in 2022
On the go: The aggregate funding level of defined benefit schemes improved by around £400bn in 2022, with many of these plans moving into a surplus for the first time, new research has shown.
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NewsInsurance market faces ‘unprecedented’ scheme demand
The market for UK defined benefit pension schemes to transfer their liabilities to insurers is set to climb sharply, analysis by consultancy LCP has found.
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NewsBoE acted to prevent a gilt market ‘fire sale’, MPs told
The Bank of England had no choice but to intervene in the gilt markets, having received signals from pension funds that a “fire sale” may occur, BoE deputy governor for financial stability Sir Jon Cunliffe has told MPs.
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NewsTruss commits to pensions triple lock as inflation hits 10.1%
Prime minister Liz Truss has confirmed that the triple lock will be maintained, even as September’s figures showed inflation rising to 10.1 per cent.
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NewsPPF urges trustees to plan for funding and risk changes
On the go: The Pension Protection Fund is encouraging trustees to have a contingency plan due to changes in funding and risk profile, despite the PPF 7800 index surplus continuing to rise.
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NewsCould gilt market shock push schemes towards insurers over LDI?
The market shock prompted by the government’s “mini” Budget could see a shift away from liability-driven investment strategies and toward insurance deals, experts have suggested.
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NewsTPR called to regulate schemes’ LDI leverage levels
The Pensions Regulator should consider regulating levels of liability-driven investments leverage to guarantee that pensions schemes can withstand future market volatility, experts have warned.
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OpinionSeven days in pensions
Broadstone technical director David Brooks details how the events that took place during last week have disrupted the pensions industry.
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NewsDB members could lose £25,000 to inflation increase caps
On the go: Members could stand to lose out on £1,200 a year due to caps on inflationary increases in defined benefit schemes, amounting to £25,000 of missed income over a lifetime, according to analysis from XPS Pensions Group.
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NewsSchemes urged to revisit buyout plans in rising rate environment
Rising interest rates and the subsequent fall in liability valuations and deficits have now made buyouts more affordable for a larger number of pension funds, with consultants urging schemes to restructure their investment strategy to make it more palatable to an insurance company.
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News‘Millions to lose out’ as court rejects RPI reform appeal
Industry commentators have warned that millions of pensioners stand to “lose out” after the High Court rejected a judicial review, brought by some of the country’s largest defined benefit schemes, against the government’s plans to replace the retail price index with the consumer price index including housing.
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NewsStrikes ‘likely’ over TfL pension changes as funding deal reached
Changes to the TfL Pension Fund will be required as part of a financial support package agreed between the government, Transport for London and the mayor of London, with a plan to be presented in September. But unions have rejected the deal, and warned that more strikes are “likely”.