More defined benefit news – Page 158
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News
Micro scheme membership slumps as market consolidates
Data analysis: The total membership of small schemes with between two and 11 members has fallen by two-thirds over recent years as the market consolidates and auto-enrolment beds in.
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Kent ups property to benefit from stronger yields
Kent Pension Fund has decided to increase its exposure to property by almost 20 per cent to take advantage of attractive yields.
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LGPS given reform blueprint to cut costs
News analysis: Local government pension schemes are being called upon to increase governance and change investment structures to save taxpayers £1bn a year.
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NewsSchemes take more holistic approach to risk management
News analysis: More schemes are taking an integrated approach to investment, covenant and funding in their risk management planning, but there is still a disconnect between schemes’ investment strategy and valuation process, according to research.
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NewsIneos reviews pension structure after Grangemouth dispute
Ineos has put its pension funds under consultation until mid-December to dampen the impact on its balance sheet, as part of an agreement to keep the Grangemouth plant running.
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Managing your money purchase legislative risk
News analysis: Managers of pension schemes that have hybrid elements such as additional voluntary contributions have been urged to investigate the impact of a legislative change that could increase their costs.
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NewsNotts fund: stable investment ensures performance
Nottinghamshire Pension Fund has advocated a steady state investment strategy to improve efficiencies and reduce costs in the local government sector.
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Housing group shoots for double contributions in scheme revamp
Shepherds Bush Housing Group are to make its defined contribution scheme the "centrepiece" of its staff benefits provision by mirroring the contributions standards set out by the Pension Quality Mark.
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How defined ambition could affect your scheme
Government has outlined proposed legislative modifications to the pensions system including changes to decumulation rules and daily pricing requirements, which could impact current defined contribution and defined benefit schemes.
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Gwynedd presents merger plans to boost returns
News analysis: Gwynedd County Council Pension Fund has taken steps towards establishing a common investment vehicle with other Welsh schemes, as public schemes investigate consolidation to provide savings and higher investment returns.
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Visualise your scheme's demographic shift
Data analysis: Active members have continued to shrink, while deferred member liabilities have continued to rise, presenting a range of investment and governance challenges for UK defined benefit schemes.
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NewsInfrastructure spurs growth in real asset mandates
Data analysis: Real assets proved popular in the third quarter as European pension schemes looked for inflation protection and long-term stable returns, including a large shift towards infrastructure.
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NewsUnilever creates DC committee to focus governance
The Unilever UK Pension Fund has set up a defined contribution committee to boost three key areas of management of its members' savings.
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First Bus uses DC 'nursery' to handle AE
First UK Bus Pension Scheme has set out its redesigned benefits structure, having sought to meet the challenges of auto-enrolment and the end of contracting out by segmenting its workforce.
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Hilton enhances fid man role to reduce volatility
Hilton UK's pension scheme has built greater delegation into its fiduciary management mandate to enable it to make quicker investment decisions and reduce volatility within the scheme.
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FDs urged to collaborate with trustees on DB deficits
Finance directors are making a “big mistake” if they think they can get defined benefit liabilities off their balance sheets without collaboration with trustees, a scheme manager told delegates at the 2013 NAPF conference.
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NESPF payroll shift cuts 25% from processing time
North East Scotland Pension Fund has implemented an integrated payroll system to provide a more accurate and timely way of paying out benefits to members.
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NewsSaul outlines policy for strengthening through mergers
The Superannuation Arrangements for the University of London has detailed its merger policy as part of work to help achieve economies of scale across support staff pension schemes.
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Xerox underlines member responsibility in DC plan
Xerox has called upon employees being transferred from a defined benefit to defined contribution arrangement in January to become more involved in their pension to get a good retirement income.
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Defence schemes 'future-proof' MNT governance
The Selex and AgustaWestland pension schemes have reformed their member-nominated trustee election processes to safeguard decision-making continuity for their beneficiaries.